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Tool insurance

crane operator

Senior Member
Joined
Mar 27, 2009
Messages
8,274
Location
sw missouri
All my cranes except one that is on a mack truck carrier, are covered under what says "Inland Marine". The mobile cranes don't have titles, no license plates, and don't fall under my vehicle policy. It says inland marine on my insurance paperwork - which always makes the boys with the fancy lights on their cars look at my paperwork funny, when they want to see my license, oversize permits, and insurance. "What's Inland Marine?":rolleyes:

I'm no insurance agent or broker, I hope they sell me what I need, and I hope they know what they are doing. I don't know what section my tools are actually under in my insurance policy, if its a portion of my general or if its under the inland marine portion, but it is a separate category. It may be part of my building insurance. I recall having to come up with a figure for rigging and tools value, and I spitballed a number. I ain't counting every choker and shackle I own.
 

CM1995

Administrator
Joined
Jan 21, 2007
Messages
13,248
Location
Alabama
Occupation
Running what I brung and taking what I win
How do you get by with no titles or license plates on the mobile cranes? MO state rules?

Commercial auto is killing me. It's more than our GL..
 

crane operator

Senior Member
Joined
Mar 27, 2009
Messages
8,274
Location
sw missouri
The custom carrier cranes have no titles, in Mo, no title = no plates. Its no different than driving a rubber tired backhoe down the road. Well, its a little different, but its legally like that.

Some states require plates, and then they have some kind of titling process (I bought a crane from Tennessee and it came with plates). Interestingly, my boom dolly for my 100 ton has plates, its a "trailer". But the crane doesn't.

In MDOT speak, a crane is "Special mobile equipment" and sometimes "self propelled specialized equipment".
 

John C.

Senior Member
Joined
Jun 11, 2007
Messages
12,865
Location
Northwest
Occupation
Machinery & Equipment Appraiser
That's sounds pretty good. I think it is what people out here see as well. I was just giving examples of where people other than us might see the term.
 

thepumpguysc

Senior Member
Joined
Mar 18, 2010
Messages
7,445
Location
Sunny South Carolina
Occupation
Master Inj.Pump rebuilder
Ru an independent.. so I would “think” it would/wouldn’t be covered on your vehicle ins.??
A simple call to your insurance company would/wouldn’t put u at ease..
The company I worked for had everyone sign a paper “leasing” everyone’s tools, that way it was covered under their policy..
Only pain in the ax being, u had to turn in an exact list..
Only 1 DIRTBAG ever made a claim against the company.. saying his tools were stolen out of HIS COMPANY TRUCK.. HE WAS IN POSSESSION OF THE TRUCK..
AND NO BROKEN WINDOWS..
& by the grace of God, they miraculously reappeared after the 5 figure check had been cut.
Anybody wanna take a bet weather or not he turned the check back in.?? (DirtBag)
 

DMiller

Senior Member
Joined
Feb 21, 2010
Messages
16,430
Location
Hermann, Missouri
Occupation
Cheap "old" Geezer
Had the Inland Marine rider against my homeowners back in the 80s, was pretty expensive back then but paid off when my service truck got broken into, just had to document with a police report and they paid off as kept a listed inventory. Rate did raise after that.
Current status is Homeowners policy against Farm Use, I can even turn in damaged tools for reimbursement LESS deductible but have yet to use it.
 

Mike L

Senior Member
Joined
Dec 1, 2010
Messages
1,897
Location
Texas
Occupation
Self employed field mechanic
Now that’s a tool box! One place I worked offered a quarterly tool allowance but we had to have a completed tool inventory. Every socket, every screwdriver, everything. Part numbers included. It took me days to complete it and that was years ago. I always wondered why more places didn’t offer a tool allowance. Especially with the massive mechanic shortage we have.
 

old-iron-habit

Senior Member
Joined
Nov 22, 2012
Messages
4,233
Location
Moose Lake, MN
Occupation
Retired Cons't. Supt./Hospitals
On a project probably 20 years ago a scumbag broke into the jobsite and targeted certain boxes of different subcontractors. Only the boxes with high dollar stuff got hit except for one contractor. One of our gang boxes was cut open with a torch and nothing was missing. By luck we had moved the box full of specialized Stainless Steel working tools to the roof before we went home on Friday. We had set a empty box there for the incoming ground floor crew to use the following Monday. Pretty certain we knew whom it was, as a sub had laid off a spiteful employee a few days earlier. That sub experienced every box cut open and other project equipment and supplies was damaged beyond use. Police never found any evidence so nothing ever came out of it.
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
My stuff doesn't have a lot of cash value. All old and well depreciated. As a collection it's a slightly different matter and would be time consuming to replicate even in it's simplicity. I done it after a fire. Salvaged enough to make do.
Times have changed. So much has became rather generic, the cheap stuff got so much better that there is not much a real reason to use economical tools instill the need proves otherwise and so much better return on investment and so much less risk to loss.
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
My stuff doesn't have a lot of cash value. All old and well depreciated. As a collection it's a slightly different matter and would be time consuming to replicate even in it's simplicity. I done it after a fire. Salvaged enough to make do.
Times have changed. So much has became rather generic, the cheap stuff got so much better that there is not much a real reason to use economical tools instill the need proves otherwise and so much better return on investment and so much less risk to loss.
We buy a few tools at the box stores, Wal-Mart for a few and HF for a few but we really don't need much anymore. But it takes a lot of stress out of it and near painless to replace/add a couple dozen screwdrivers and utility knives. The half a dozen 9 side cutters no worse than the worn out hi dollar ones I have.
 

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Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
My stuff doesn't have a lot of cash value. All old and well depreciated. As a collection it's a slightly different matter and would be time consuming to replicate even in it's simplicity. I done it after a fire. Salvaged enough to make do.
Times have changed. So much has became rather generic, the cheap stuff got so much better that there is not much a real reason to use economical tools instill the need proves otherwise and so much better return on investment and so much less risk to loss.
We buy a few tools at the box stores, Wal-Mart for a few and HF for a few but we really don't need much anymore. But it takes a lot of stress out of it and near painless to replace/add a couple dozen screwdrivers and utility knives. The half a dozen 9 side cutters no worse than the worn out hi dollar ones I have.
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
My stuff doesn't have a lot of cash value. All old and well depreciated. As a collection it's a slightly different matter and would be time consuming to replicate even in it's simplicity. I done it after a fire. Salvaged enough to make do.
Times have changed. So much has became rather generic, the cheap stuff got so much better that there is not much a real reason to use economical tools instill the need proves otherwise and so much better return on investment and so much less risk to loss.
We buy a few tools at the box stores, Wal-Mart for a few and HF for a few but we really don't need much anymore. But it takes a lot of stress out of it and near painless to replace/add a couple dozen screwdrivers and utility knives. The half a dozen 9 side cutters no worse than the worn out hi dollar ones I have.
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
My stuff doesn't have a lot of cash value. All old and well depreciated. As a collection it's a slightly different matter and would be time consuming to replicate even in it's simplicity. I done it after a fire. Salvaged enough to make do.
Times have changed. So much has became rather generic, the cheap stuff got so much better that there is not much a real reason to use economical tools instill the need proves otherwise and so much better return on investment and so much less risk to loss.
We buy a few tools at the box stores, Wal-Mart for a few and HF for a few but we really don't need much anymore. But it takes a lot of stress out of it and near painless to replace/add a couple dozen screwdrivers and utility knives. The half a dozen 9 side cutters no worse than the worn out hi dollar ones I have.
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
My stuff doesn't have a lot of cash value. All old and well depreciated. As a collection it's a slightly different matter and would be time consuming to replicate even in it's simplicity. I done it after a fire. Salvaged enough to make do.
Times have changed. So much has became rather generic, the cheap stuff got so much better that there is not much a real reason to use economical tools instill the need proves otherwise and so much better return on investment and so much less risk to loss.
We buy a few tools at the box stores, Wal-Mart for a few and HF for a few but we really don't need much anymore. But it takes a lot of stress out of it and near painless to replace/add a couple dozen screwdrivers and utility knives. The half a dozen 9 side cutters no worse than the worn out hi dollar ones I have.
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
My stuff doesn't have a lot of cash value. All old and well depreciated. As a collection it's a slightly different matter and would be time consuming to replicate even in it's simplicity. I done it after a fire. Salvaged enough to make do.
Times have changed. So much has became rather generic, the cheap stuff got so much better that there is not much a real reason to use economical tools instill the need proves otherwise and so much better return on investment and so much less risk to loss.
We buy a few tools at the box stores, Wal-Mart for a few and HF for a few but we really don't need much anymore. But it takes a lot of stress out of it and near painless to replace/add a couple dozen screwdrivers and utility knives. The half a dozen 9 side cutters no worse than the worn out hi dollar ones I have.
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
If a guy had to collect tools today could do it good at a fraction ofwhat it did when we started. Seems a Klein screwdriver was 5 or 6$ 80's and 90's, they were not cheap. Bought a couple 3 to test from HF and like the new girls every one wants to try it and they so good we bought 2 dozen more. For 1.69 in 2021 its unreal and like them as good or better than any I ever used.
How does a guy insure a set of metric socket driven bits he bought 21 yrs ago on a Sunday for 13$ and did a hundred brake jobs with and a couple hundred other misc jobs with? One of my first Torx sets I went to the store and charged to the guy I was working for, was 14$ from Tiawan and super tuff, I finally lost or stolen it, dont exactly know and missed it as much as any tool like that I owned even though the cash value was moot. I got a China 3/8 combo I carry in my road stuff and beat it on a bleader with 20oz nail hammer. I overpaid retail at TSC but tuff and reliable as any good tool.
If I was buying lots of new today would not even mess with top brand name, look for as much decent looking generic and good used, might even make money on a claim.
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
I lost a tool belt from a truck when I was working for someone else. Minor, a handful of items over the years, really minor in grand scheme. Few hundred dollars. You would need to haul a pretty good pile away to get any real cash. I got about 2 dozen Snap pieces ifn you could find them, its nice stuff but not a collection per sa. Would need to be sorted in to some kind of sets but collection of Sears as a base and random and import for the rest and lot of the dupe with a few Vise Grip and Channelock 440 tossed in with some C clamps. box top 3.1.JPG
 

Sberry

Senior Member
Joined
Jul 31, 2010
Messages
395
Location
Brethren, Michigan
Occupation
Farmer
TBd2.jpg TBd3.jpg I can open a drawer if I need to, I threaten to get a new General box for this, should simply oil it up maybe. Was old when I got it. I give 75$ in 94 when I needed it.
 
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