I am shopping for a new ins. carrier after learning of StateFarm’s getting out of the piddly ass ‘d contractor insurance.
Along with my liability I had an Inland Marine tool rider that covered replacement cost of my tools up to 10,000.00. My desire to up my liability brought me to the news that come end of June I would be in need of a new carrier. So in my hunting I’ve found 3 different prices, up to a thousand a yr diff, and all seemingly bidding on the same policy limits etc. I’ve added my van to this bus. policy also.
But the real question is on the Inland Marine. None of the 3 will cover replacement value-only “worth”, bottoming out at 50% w/ 500 deduct. I can get replacement for tools in the shop at a higher rate-but none for my traveling tool box. My SF policy was replacement-whereever-shop, job, van.
Can anyone shed more light on this to further confuse the issue. Is replacement in the van, on the job something I cannot find ?