Any insurance agents on INGO? Question about insuring personal work tools.

[VUPDblue]

One of my co-workers had a very bad accident and his car ended up engulfed in flames in the aftermath. Another of my co-workers had some ass-clown torch his car while it was parked in his driveway, burnt it to the ground. In both cases, a significant amount of personal property was destroyed. In both cases the police department said only "sorry about your luck". That has had me thinking lately about the amount of personal property that is in my issued car, and I have to admit that if all my stuff burned up, I would cry like a little baby and I could not afford to replace it all any time soon. My question is, are there companies that insure personally owned equipment for the po-po?

 

[Frank_N_Stein]

"Personally owned equipment"? You mean stuff you bought with taxpayers' money?

 

[VUPDblue]

Well, I am a taxpayer as much as the next guy, so isn't whatever I buy bought with taxpayers' money?

 

[Vigilant]

I would talk to a commercial insurer, my insurance has an "Inland Marine" rider that insures goods and tools at the shop, as well as in vehicles! Don't know what marine insurance has to do with it, but that's whatthey sell me for my tools and goods?

 

[IndyGunworks]

I bet you could get a rider on your homeowners.

 

[GLOCKMAN23C]

Call my agent Brian Cherry of Cherry Insurance 894-7000, he could probably set up an umbrella policy for you.

 

[Vigilant]

I bet you could get a rider on your homeowners.

Not sure "work tools" would be covered by a non-commercial insurance?

 

[long coat]

What kind of $$ are you looking to cover?
When I called about my tools it was $50 a month for about $20K.

 

[VUPDblue]

What kind of $$ are you looking to cover?
When I called about my tools it was $50 a month for about $20K.

Less than half of that amount.

 

[Gluemanz28]

I sent a message to my buddy who works for State Farm. I will let you know what he says.

 

[VUPDblue]

Thanky!

 

[BiscuitNaBasket]

I sent a message to my buddy who works for State Farm. I will let you know what he says.

Jake, from State Farm?

 

[jimmythang]

I am neither a licensed insurance agent nor am I affiliated with Travelers Insurance.
https://www.travelers.com/business-...ctor/law-enforcement-liability-insurance.aspx

 

[hoosierdoc]

"Personally owned equipment"? You mean stuff you bought with taxpayers' money?

I don't get the police humor here, but my Medicare payments that filter down to me and I spend can be referred to as "bought with taxpayer money"

 

[IndyGunworks]

I don't get the police humor here, but my Medicare payments that filter down to me and I spend can be referred to as "bought with taxpayer money"

more of govt employee humor.... we are funded by taxpayers, therefore taxpayers often feel like they have a right to give input on how we spend our paychecks because they paid our salary.

 

[CountryBoy19]

Not sure "work tools" would be covered by a non-commercial insurance?

I'm not an expert, but I'm pretty sure you can insure just about anything you want with a rider. If not, I'm certain you could buy a separate policy from your agent for work tools...

 

[JettaKnight]

One of my co-workers had a very bad accident and his car ended up engulfed in flames in the aftermath. Another of my co-workers had some ass-clown torch his car while it was parked in his driveway, burnt it to the ground. In both cases, a significant amount of personal property was destroyed. In both cases the police department said only "sorry about your luck". That has had me thinking lately about the amount of personal property that is in my issued car, and I have to admit that if all my stuff burned up, I would cry like a little baby and I could not afford to replace it all any time soon. My question is, are there companies that insure personally owned equipment for the po-po?

Is it just me, or did anyone else read this as if the 'torcher' was contracted by the "torchee'?

Like other say, you should be able to get a rider on your homeowners insurance. We have riders for things that spend little time in the home.

 

[Expat]

If it is your own personal property and not being used in "your" business, why wouldn't it just be covered under your homeowner's policy?

 

[worddoer]

I am an insurance agent. I have been in the business for 14 years, and I have both commercial and personal lines experience. I would like to weigh in here.

I would first try insuring these items by scheduling / listing them on your homeowners / renters insurance. It should be far, far cheaper than going with a commercial policy. Most commercial policies have minimum premiums and you will probably get caught by the minimum premium rule.

In my agency we represent 18 companies. Not all of my companies, but most of them will allow you to schedule or list specific items on your home policy that you own, but use for employment / business purposes. Some companies have maximum limits, and some companies don't...as long as you pay the additional premium. I have had other clients in this situation as well and I was able to take care of it through their homeowners policy.

By listing your items on the homeowners policy, you normally get 2 big benefits. The items that are listed can be done with a lower or no deductible at all in most cases with very little change in the premium. I usually list a zero deductible for my clients as the premium is only a few dollars difference over a whole year. Also, you get far, far more situations or circumstances where you items are covered. Which is exactly what you need at this point. Just make sure your agent or service person knows and specifically lists those items for employment / business use...or it could cause problems at claim time.

So I would check with your home / renters insurance company first. IF that does not work, some companies offer stand alone policies. They are called "Inland Marine" policies (NOT umbrella policies). They are usually a little more expensive when you get a stand alone policy, but it should work. And not all companies offer a policy like this. If you happen to have an agent that does not have access to one, check with some independent agents in your area. They would be your best bet on finding one if you have to go this route.

Hopefully this helps. Please let me know if you have any further questions.

 

[Leo]

more of govt employee humor.... we are funded by taxpayers, therefore taxpayers often feel like they have a right to give input on how we spend our paychecks because they paid our salary.

I have explained to people before, that once the money has been given as wages for service, it is no longer taxpayer money. The taxpayers paid for a service and recieved it. The taxpayers no longer own it. Of course once it is converted into wages, the government gets to tax it again.