www.AviationPros.com 47
H
AVE YOU EVER OPENED YOUR TOOLBOX LOOKING FOR
that one, special tool only to find out that it's missing? In
fact, three drawers in your box are empty! You ask your
co-workers if they know anything about your missing tools and
discover that the hangar door was pried open last night. You talk
to your employer about the disappearance of your tools, and they
gently remind you that they don't insure employees' tools. You
vaguely remember reading an ar ticle about insuring your tools a
while back, but never got around to calling your insurance broker
to get a quote … now you are left $20,000 shor t of a full tool chest.
Some aircraf t owners may have tools or equipment in their
hangar. These may be covered for damage or theft under the air-
craft insurance policy. But what about your mechanic's tools or
your buddy's tools? What kind of coverage is available for you as
a maintenance professional working for an FBO?
If you have contents insurance for your home or business, it's
possible but not guaranteed that you may have some coverage
for your tools and equipment. However, the level of coverage will
var y from policy to policy and may not be enough to cover the
replacement value of your tools and equipment — it's also pos-
sible that your policy won't provide coverage for tools/equipment
when they are in transit.
THE SOLUTION
Aviation proper t y policies of ten times include a basic level of
"tools" coverage. In some cases they may only cover the replace-
ment cost of one specialized tool. To ensure you are covered for
the scenario above it is impor tant to keep a value inventor y of your
HEY . . . WHERE'S MY WRENCH?
Insurance tips for your personal toolbox
INSUR ANCE INSIGHT By Steve Bruss
THE INDUSTRY
PREFERRED
SOFTWARE SOLUTION
(619) 696-5400
1731 KETTNER BLVD.
SAN DIEGO, CA 92101
INFO@COMPONENTCONTROL.COM
WWW.COMPONENTCONTROL.COM
FLEXIBLE
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Providing Quality Inspection
Instruments since 1952
(716) 873-9907 • www.titantoolsupply.com
Titan TVT Series
Videoscope
TVT Series Video
Borescope and
accessories are
supplied in
heavy-duty,
foam-fitted
carrying case.
NEW
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• five models
include shaft diameters
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joystick on four models
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