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  1. #1
    Join Date
    Mar 2017
    Location
    Brisbane
    Posts
    245

    Default 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.

  2. #2
    Join Date
    Dec 2005
    Location
    South Australia
    Posts
    1,656

    Default

    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.

  3. #3
    Join Date
    Nov 2007
    Location
    melbourne australia
    Posts
    3,228

    Default

    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

  4. #4
    Join Date
    Jun 2005
    Location
    Helensburgh
    Posts
    618

    Default

    Quote Originally Posted by j3dprints View Post
    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.
    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

  5. #5
    Join Date
    May 2011
    Location
    Murray Bridge S Aust.
    Age
    71
    Posts
    5,942

    Default

    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.
    Kryn
    To grow old is mandatory, growing up is optional.

  6. #6
    Join Date
    Jul 2006
    Location
    Athelstone, SA 5076
    Posts
    4,255

    Default

    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....

  7. #7
    Join Date
    May 2010
    Location
    Perth
    Posts
    135

    Default

    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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