ugh, truck broken into tonight stole almost everything...upside, they didn't steal any of the festools.
Funny, like I heard someone else say in the forums...I don't think they know  it is.
sigh, I hate thieves

I feel for ya. I had my shed broken in to this last January. They took a ton of power tools, nail guns and lawn gear.  Took and month to replace every thing. Luckily I have a replacement insurance policy. So I go a bunch of NEW tools.

but like you none of the Festool stuff was taken, Mine was locked in the garage.

Are they small enough to put in the tools themselves? That would be cool, with a small power cell inside too. Automatically charges as you use the tool...

It happens.  That is why I have 30k of replacement tool coverage on my GL policy.

So it's your fault that those darn things send people around in a circle and tell me to make the turn 3 feet after I passed it! 

I'm onto you, Paul-Marcel. 

I bet that you're tracking me tracking you.  Well, I'll  just go in a circle then or maybe throw in a couple of zig zags.  

Spread the love among our dealers. 

Yeah, I used to think that too...but I've noticed I never sell my tools. I end up just holding onto them as backups

Keyword REPLACEMENT cost

I have a $10,000 tools recovery on my policy.And it did not cost that much more.

Sorry to hear of your break-in.  I've been robbed, and it sucks!  

Good luck dealing with the insurance company.  The way some of them are, it can feel like you've been violated a second time.

And watch out for second helpings.  Some thieves will target the same victim a second time knowing that all the stuff has just been recently replaced.  Don't leave your security the way it is.  A second theft and your insurance company may dump you like a hot potato after paying out the second claim, or raise your premiums to the moon.


An interesting aside related to someone mentioning GPS trackers.  A friend of mine was telling me how he had a couple of work buddies who bought a couple of gas fireplaces real cheap that "fell off a truck".  One of them went and installed it, and shortly thereafter had the cops knocking on his door.  Apparently, they have trackers in those likely if they were scooped off of construction sites I assume.  The two had to cough up who they bought it off of, and relinquish their fireplaces, but did not face any charges, although I think myself they should have.

Tool replacement

When you buy insurance, be sure that you understand the difference between "replacement cost" and "actual cash value".  It will make a difference on your premiums.  Many people buy "actual cash value" assuming that it means what it will cost to buy the same thing again, but it's really a depreciated value that saves the insurance company money and costs the consumer more after the loss.  Be sure to ask for "replacement cost" insurance which covers everything, and not a depreciated value. 

 

You must replace with a similar tool if the exact model is not available.  You can not have a drill stolen and replace it with a router.

My insurance required a list of every thing that was stolen, with the model number,  make,  estimated purchase price, date of purchase and estimated replacement cost.  Then they  write a check for the depreciated  cash value. At that point you have up to 12 months to buy the replacement and turn in the receipt to get the difference between the insurance cash value and the value on the receipt.

I went out and made sure the estimated replacement amount was the exact price of the item on the shelf at the store or on-line retailer that i was going to buy. Also made sure the retailer had a good return policy so I could adjust my purchases after I got the full replacment value from the insurance. 

It must be very different in the west,because here they just need to know what it's going to cost to replace what you lost.
Insurance does not require any information of the tools.You do need to have a police report that shows what tools was stolen.
$10,000 worth of tools is what it is.doesn't matter if it buys me 3 tools or 20 tools it's $10,000.
How do they know what was in your truck?How do they know what you added since you got your policy?
It doesn't matter,it is what is going to cost to replace the tools.