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CRAMBA Trailer Tool Theft

PostPosted: August 2nd, 2013, 8:40 pm
by Spinwheel
With the recent news about CRAMBA's loss of tools due to theft, i wondered if our tools and trailer are covered by insurance in case of theft? If so is cost of new tools covered 100%?

Thank-you,

Re: CRAMBA Trailer Tool Theft

PostPosted: August 2nd, 2013, 9:32 pm
by Loren
We have about 18 months remaining on a three year policy on our trailer. The insurance policy covers depreciated value (not replacement costs) and has a $500 deductible. It's also astronomically expensive. Commercial insurance is a very different thing than residential or personal property insurance. At our next renewal, the cost would be about $1300/year.

My recommendation to whomever is on the board at renewal time is that we self insure going forward, as cramba has done.

Re: CRAMBA Trailer Tool Theft

PostPosted: August 4th, 2013, 12:59 am
by utabintarbo
Sortaslow wrote:Why can't you just sit in the trailer and act as a security guard Bob? Be a good use of all of that free time you have. ;-)


I'm ascared of the dark. :cry: