LumberJocks

money

  • Advertise with us
Blog entry by kosta posted 1894 days ago 679 reads 0 times favorited 8 comments Add to Favorites Watch

Yo whats up everybody I know evevrbody this week is talking about sharp spinning blades and dust. I thought i would bring up money. No people are losing their jobs and crime is rising. What does all this mean well people are becoming more and more desperate. That means you need to make sure that no of your tools walk off. Now in some areas of the US thats not really a problem. But fire is a big problem. You need to make sure that all of your tools are under your homeowners policy and if you have ever gotten money for anything you have built and your insurance company knows about then you will be considered a comerical business and if your house burns down you wont be able to get the money for your tools because you are not under a comerical policy. Now what i did was I saved all my receipts and took pictures of everything in my shop so if something happens I wont loose any money when I need replacement tools. If you ran any electrical in your shop make sure its to code because you can violate your homeowners policy if your electrical is not to code in your city.

-- kosta Virginia Beach, VA http://www.kostasworkshop.blogspot.com/



8 comments so far

View a1Jim's profile

a1Jim

111999 posts in 2162 days


#1 posted 1894 days ago

Sounds like a good plan

-- http://artisticwoodstudio.com Custom furniture

View woodworm's profile

woodworm

14124 posts in 2176 days


#2 posted 1894 days ago

A good reminder too.

-- masrol, kuala lumpur, MY.

View Kindlingmaker's profile

Kindlingmaker

2653 posts in 2112 days


#3 posted 1894 days ago

Don’t store your pictures in your shop!

-- Never board, always knotty, lots of growth rings

View TraumaJacques's profile

TraumaJacques

433 posts in 2086 days


#4 posted 1894 days ago

Some people have guard snakes is that not enough… just kidding good point Kosta.

-- All bleeding will eventually stop.

View chickenhelmet's profile

chickenhelmet

99 posts in 1898 days


#5 posted 1894 days ago

Renter’s insurance works well for those who don’t own. It’s quite reasonable.

-- Larry , Colorado www.coloradorecordcrates.com

View Greg The Cajun Box Sculptor's profile

Greg The Cajun Box Sculptor

4905 posts in 1894 days


#6 posted 1894 days ago

I lost my house and home shop in 2005 to a flood so I realize the importance of insurance and receipts. So much of what i had was collected over 40+ years and some even older tools were handed down from my Dad. Many of these things you just do not have receipts for. Now, with a new shop and a new digital camera I photograph everything and keep all receipts and scan digital copies to a disc.

-- Every step of each project is considered my masterpiece because I want the finished product to reflect the quality of my work.

View SCOTSMAN's profile

SCOTSMAN

5235 posts in 2171 days


#7 posted 1894 days ago

I owned a supermarket once which burned to the ground electrical fault the insurance company did everything they could( a. ) not to pay the full amont and (B.) to delay payment for over a year during which your interest on your loans went up substantially by 30% they are shysters and make no mistake they will eventually whittle it down the told me I was under insured and paid out eventually 60 cents in the diollar or 60 pence to the pound fortunately I didn’t have all my eggs in one basket and survived but I never trusted them again or will ever.Alistair

-- excuse my typing as I have a form of parkinsons disease

View Dan Lyke's profile

Dan Lyke

1464 posts in 2710 days


#8 posted 1894 days ago

I’ve put the serial numbers to my tools that have them on a web page. Hopefully if someone finds a “too good to be true” deal they’ll search on the serial numbers before they buy.

And I search on serial numbers before I buy used stuff.

-- Dan Lyke, Petaluma California, http://www.flutterby.net/User:DanLyke

Have your say...

You must be signed in to post the comments.

DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics

HomeRefurbers.com

Latest Projects | Latest Blog Entries | Latest Forum Topics

GardenTenders.com :: gardening showcase