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Many mechanics have $50,000 (or more) worth of tools... and NO insurance to protect them! Basic policy is $50 per month to insure
$30,000 worth of tools for three mechanics! If you are employed as a mechanic or are a shop owner call us at 800-474-5553 (ext 202 or 209)
and get protected right now! |
Garage Guys provides insurance for hundreds of repair shops, service stations and automotive facilities.
A few years back, we realized that, although we were providing insurance for the interest of the facility owner, the mechanics were
often using their own tools and weren't properly covered under the owner's policy. Most (if not all) garage insurance policies do not
provide specific coverage for the tools of the people who work there!
If you are using your own tools and you are not the owner of
the facility, you almost certainly have inadequate insurance. You may have no coverage at all, and if you were thinking that your
professional tools are covered by your Homeowner policy — forget it, they're not.
The MASTER MECHANIC'S TOOL PROTECTOR POLICY provides comprehensive coverage to mechanics on either an individual (you alone)
or facility (all the mechanics who work at your location) basis.
- Special Form Coverage (includes theft, fire etc.)
- $500 Deductible or credits given for higher deductibles
- Claims paid on REPLACEMENT COST basis for items less than 5 years old.
- Coverage limit may be chosen per mechanic for unscheduled tools up to $1,500 in value
- Coverage available for tools in excess of $1,500 per item.
- 24 hour/7 day claims and customer service
- You must be currently employed as a mechanic or own a shop
- Coverage can be added for facility-owned testing equipment including dynamometers and lifts.
- Annual premium as low as $600 and may be paid in installments over the course of the year.
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What is so special about the MASTER MECHANIC'S TOOL PROTECTOR POLICY?
- It is the first policy designed specifically to DIRECTLY protect the interests of mechanics in their tools. Claim checks are made out to
the owner of the tools!
- May be purchased by an individual mechanic to cover his tools alone OR may be purchased by a facility to cover the individual mechanics
who work there.
- Each mechanic is automatically an "additional insured" under the policy — offered by NO OTHER property policy for garages
- Tools valued at under $1500 are covered automatically up to the limit you purchase per mechanic. Specialized testing equipment and items
of higher value can be covered easily by specifically listing them on the policy.
- No audits or additional charges once the policy is issued (except for adding additional scheduled items during the policy year.)
- Coverage is provided by the HARTFORD FIRE INSURANCE COMPANY — one of America 's largest and most financially stable insurance companies.
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How Do I Arrange for Coverage?
Buying coverage for your tools and valuable testing equipment — even your tool box itself — could not be easier. Just call us at
800-474-5553 and get a quote. Coverage is effective upon acceptance by HARTFORD FIRE INSURANCE COMPANY.
Frequently-Asked Questions
Q) Can this policy cover an individual mechanic?
A) Yes, the policy covers individual mechanics at a facility. Coverage can
also be purchased for a single mechanic if desired.
Q) How long does it take to get a policy?
A) Once your application is accepted and payment is received, the policy is
issued and sent directly to the named insured.
Q) How are claims handled?
A) All claims are adjusted by the Hartford Fire Insurance Company, one of America 's oldest and
most respected insurance companies.
Q) In the event of a loss, what proofs will we need in order to collect?
A) For all items covered under the policy you need
to retain a receipt showing ownership. For items under $1,500, we suggest that you photograph or videotape your tool box and drawers in
order to refresh your memory in the event of a claim. For items over $1,500, it is also useful to retain a photo or video which clearly
shows the tool and the serial number.
If you have any other questions that were not answered here, feel free to email us at
tools@insuregarages.com and we will answer you within a
business day. You may also speak with Pete Zaino at 800-474-5553 (ext 209). Click the links below to view and print the program
brochure or the application forms. |  |
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