Thanks for all the positive stuff. The inssurance company isnt sure whats happening with the bike. They said if i get anything at all, its probably going to be only around 1000 dollars. I had more then 1000 dollars in spare parts just laying around and probably 2500-3000 into the bike (including the $900 i paid for it). All my gear burnt, 1000's of dollars in tools and specialty tools for pedal bikes, sleds, and dirtbikes. My house is ok, but as of now we dont have any power.
Everythings ruined
- Thread starter smerch69
- Start date
Insurance won't cover tools....if they do expect 10 cents on the dollar or less.
Whys that
Depreciation, but Eskimo Dick in AK, might not be the same as a canook, eh?
we just moved into this house 3 Years ago and all our tools were bought then. And ive been buying more ever since. I find it hard to belive that they wouldnt replace tools
good luck with everything! that sucks to have a fire take out your bike and garage.Hopefully your insurance co takes care of you.
We've never had a claim before so time will tell.
Their coverage is pretty specific on what it wont cover. Some companies have a really small threshold of what they pay on "unlisted" items. Hence, your 1000 dollar estimate. Some don't cover vehicles in the homeowner insurance, since they want to sell you separate policies for those. If you dont list all your tools separately, jewelry, stereo eq etc they have that "limit". Had you listed all of that they likely would have charged you more for your insurance to begin with.
This is just an absolutely crappy situation. If my garage goes up like a Roman Candle, I'm fricked. Ladies and Gentleman, this is a good reason to understand your policy. Personally, I'm reviewing mine as we speak. I'm pretty sure I'd get the square root of frick-all for my bikes if they vaporized. 10 cents on the dollar for tools? Now that would make me want to go apeshit crazy on some adjuster.
i probably own over 80k in tools at work, but its not worth it to insure them. you buy a 400 dollar set of sockets 10 years ago that cost 500 to replace today, the insurance adjuster will tell you the tools depreciated almost to nothing. even if that tool has a lifetime warranty.
Where the phuk is patmyballs when you need her? Ape shit nuts....
There is only one tool I carry that is worth a shit. And I let the wife use it every time she wants to...