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25th Sep 2018, 01:25 PM #1Senior Member
- Join Date
- Mar 2017
- Location
- Brisbane
- Posts
- 245
Got a good home and contents insurer?
I tried to get home and contents, mainly cause of all my metalworking stuff, and AAMI wanted me to list every tool individually. This would be really painful, does anyone have a good insurer they can recommend who will just insure for a certain amount? Thinking of my tools for theft and then of course the mill/lathe/surface plate etc. in a fire. I think I might have got the new guy when I called AAMI but maybe not.
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25th Sep 2018, 03:10 PM #2China
- Join Date
- Dec 2005
- Location
- South Australia
- Posts
- 1,656
Don't know your age, if over 50 Apia, I am very satisfied with the policy I have with them, all insurance companies will require you to specify item over a certain value.
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25th Sep 2018, 07:10 PM #3Most Valued Member
- Join Date
- Nov 2007
- Location
- melbourne australia
- Posts
- 3,228
We are insured with AAMI. They have never asked me to itemise my contents. Maybe it's now a requirement for new policies. Or maybe it's a QLD thing?
Chris
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25th Sep 2018, 09:38 PM #4Golden Member
- Join Date
- Jun 2005
- Location
- Helensburgh
- Posts
- 618
Even if you don't need to for insurance do it. A mate of mine had his shed emptied and he did not claim half of what he should have because he could not remember it all. He would be doing a job months later and discover he had not claimed the tool he needed for the job and it had been part of the theft. I did it and priced everything as well and the result was an eye opener when it was all added up.
CHRIS
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26th Sep 2018, 12:53 AM #5Most Valued Member
- Join Date
- May 2011
- Location
- Murray Bridge S Aust.
- Age
- 71
- Posts
- 5,945
My Brother had his shed done over, $20,000 was what the insurance company had to cough up. They sent out an assessor to verify the claim thinking it was impossible to have that muchin tools etc. He had his shelves listed with the tools and the dust was the outline of the equipment. Yet he still was out of pocket for small items, hammers, punches etc. that he'd forgotten to allow for.
So make sure you have proof of your tools etc, receipts (photo copies work well, or recorded to disc), photos showing ID marks etc.
Even tools you've made yourself, they are of Value, as for the cost of shop made items, allow for what a business would charge.
You're better to overinsure your items, than underinsure them, I think from memory the allowance is about 10%? It would pay to speak to your broker about that.
KrynTo grow old is mandatory, growing up is optional.
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26th Sep 2018, 10:44 AM #6Most Valued Member
- Join Date
- Jul 2006
- Location
- Athelstone, SA 5076
- Posts
- 4,255
take photos of tools spread out and send to insurer to catalogue them for you...err themselves
but and in their support they are now asking for receipts (or proof that you owned them) should you need to make a claim.....how does one provide a a receipt for a set of sidchrome spanners bought back in the 70's etc?
I keep telling my self to take detailed pics of all my stuff but.......I will one day!!.
It also pays to video all rooms of your house including furniture, artifacts, heirlooms, precious gems, antiques etc etc in case of loss...store images on the cloud or on rellies computers....
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28th Sep 2018, 10:29 PM #7Senior Member
- Join Date
- May 2010
- Location
- Perth
- Posts
- 135
I can't help with the initial question - i'm currently with elders, and just whacked a lump sum on my "collection"
I can heartily endorse what others have said about having a record of everything - video walk arounds, photos, and spreadsheet/ lists are the minimum to stand a decent chance. What I'd reccomend is doing a video walka round -open every drawer, cupboard, etc and take heap of still photos. I've also got a spreadsheet liting out the details of every book, software, movie, etc I own. All of this is then saved on a number of portable drives/ cloud accounts so even if the house is completely burned to the ground - the record of contents is safe offsite. For years it was an encrypted file/ thumbdrive in my desk drawer at work, but now there are copies dotted around a number of locations.
even the basics like CD collections can run into massive costs if you itemise it out... but you have to ask if you want it back, or not.
HTH,
Des
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