Holy smokes, man. What a morning.
In my effort to become a better businessowner I am trying to inventory my tools so I can get decent insurance coverage on them (at the same time I increase my liability insurance to protect the old homestead as buisness grows).
Spent the morning in the shop listing tools and serial numbers…4 frikkin’ pages of just power tools!
Now I have to try to figure out what each would cost to replace. I’m not sure I really want to know.
But I am REALLY dreading going through all my hand tools, saw blades, router bits…imagine how much we must have tied up in drill bits, hole saws and such? Probably have to save that for another day, huh?
I’m guessing 20k – power and hand tools. Imagine what it will grow to when I actually have a permanant helper? Think I’d rather be an ostrich.
Crap, what about ladders, scaffolding, planks?
Tipi, Tipi, Tipi!
Replies
Hey Buddy, here's some of what I've got to lug around and pack up to keep three guys busy out in the field...good thing the next house is really big<G>
I've got a 14' trailer, and a van.I just finish making deadlines on three different jobs this past month. All the tools and leftover materials I brought home means I had to clean, shuffle, and re-arrange the shop and create some space. Lots of other jobs waiting to begin right after the summer folk leave. Usually, tools go from one job to the next without ever coming home, but I have bought more this past year and never seen them all in one place. Maybe a good time for me to take inventory - or a census.
Welcome to the Taunton University of Knowledge FHB Campus at Breaktime. where ... Excellence is its own reward!
Hello Jim
I'd be glad to take one of those tablesaw stands from you for $100 if that is still a go
my phone was stolen at a trailhead so I'm missing your number & it doesn't seem to be listed?(thinking the stand that is made by same folks as made our mitersaw stands )
Yeah, heck yes. That extra stand I have still has your name on it brotherman. Still in the box even. Great stand...in fact, let me look and see if I have a photo of mine with the table saw on it...I think I do.
'Snort, man, how the heck you fit all that stuff in that little pick up? You get a trailer yet?Tipi, Tipi, Tipi!
http://www.asmallwoodworkingcompany.com
That pic was last week, after 2 months of working in the same house...and like Piffin, I keep dragging tools to the job...and hey, I'd already hauled off a bunch of stuff!I've got no room for a trailer, and I'd have to get another danged truck to pull one around...I usually just pick a big closet in the house, fill it up with the tools, and screw a piece of plywood over the door opening...Except for the extra slider, I can actually get all of that stuff, in or on top of that truck, ya just gotta know how to pack...getting it back out is the real trick<G> I need a dump truck, baby, to unload my head
Strap stuff across the hood like a dead deer, do you?Tipi, Tipi, Tipi!
http://www.asmallwoodworkingcompany.com
Here's an Excel Tool Inventory sheet I picked up somewhere. Plenty of room in it foe all your tools!
won't work.... it only has enough lines for 1001 tools....
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming<!----><!----><!---->
WOW!!! What a Ride!<!----><!---->
Forget the primal scream, just ROAR!!!
I couldn't open that. Could you post it?
We can imagine something that only exists in our heads, in a form that has no measureable, tangible reality, and make it actually occur in the real world. Where there was nothing, now there is something.Forrest - makin' magic every day
won't post either
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming<!----><!----><!---->
WOW!!! What a Ride!<!----><!---->
Forget the primal scream, just ROAR!!!
Snort,How do you like that Bosh cordless planer?ThanksJim
The awful thing is that beauty is mysterious as well as terrible. God and the devil are fighting there, and the battlefield is the heart of man.- Fyodor Dostoyevski
I like it...came with a kit, I don't use it much, but when I have, it works smoothly. I need a dump truck, baby, to unload my head
Gotta say, I love the spring clamp star! Come Monday (oh no, that's tomorrow), I'm doin' the same with mine.
Just bring it all to the Tipi and we'll let you know the Market Value for them!
Welcome to the
Taunton University of Knowledge FHB Campus at Breaktime.
where ...
Excellence is its own reward!
I have never had to make a claim from insurance, although a few of the guys around me have been through it.
It has never been pretty.
In each of these cases, the insurance company didn't care about replacement costs, just what it's current depreciated value was.
The last contractor that I personally knew to be ripped off (trailer broke into) had made a yearly habit of taking pictures of everything he owned. He would use this as an excuse to empty out and clean up his trailer, then photograph everthing as it went back in. Even though he piled as many tools together in the same picture as would fit, his last photo inventory came to over 120 pictures. As it was, his trailer was broke into within 3 monthes and he said the picture inventory made it a lot easier to deal with the insurance company. Altough he felt like he took a pounding on the larger power tools, all the little stuff in tool boxes brought in a lot of his final settlement.
Terry
Yeah, those hand tools and boxes full of electrical, plumbing, laminate, painting tools, etc. I'm thinking there will be several thousand dollars wirth of stuff right there.
But can you imagine the time it will take to go through it all? Even just so I know what's there?
Crimony. Got a bucket with a few concrete trowels, floats and stones in it...got to be a couple hundred bucks right there. Pipe wrenches, laminate slitters, torches, pressurized contact cement gun...holy moly...box after box of screws, nails, staples...think I need a nap.
Hey. Didn't see your name on the Fest attendee list. You planning on coming in under the radar or something?Tipi, Tipi, Tipi!
http://www.asmallwoodworkingcompany.com
Jim,
Hey. Didn't see your name on the Fest attendee list. You planning on coming in under the radar or something?
Hey, thanks for noticing, but no I won't be there.
I'm not the most sociable guy out there, good for about one day only. Long Island is just is too long a drive for that.
That, and the fact Tim said no way will he ride in a car that long with me!
Terry
Well buster, you two are pretty sociable from what I remember. Hell, Tim wanted to socialize anything that moved up the sidewalk in columbus.A great place for Information, Comraderie, and a sucker punch.
Remodeling Contractor just outside the Glass City.
Quittin' Time
I have Inland Marine tool insurance at full replacement value.I've had a tablesaw, ladder and brake stolen. In the first 2 cases I purchased the new tools and my agent gave me a check the same day. In the case of the brake I talked to the adjuster about the value of a new brake and he cut the check.Maybe I've been lucky?I remember doing an inventory when I first took out the policy about 15 years ago, I'm sure it's changed by now. (g)
Barry E-Remodeler
My tool inventory is an Excel spreadsheet with about a hundred lines. Anything worth more than about $20 gets its own line. All the power tools with serial numbers are listed individually. Things like screwdrivers or chisels or whatever are lumped together, with a count. Every year at renewal time I give an updated copy to my insurance agent. He has said that this is more than adequate, and you should probably ask your agent what will be adequate if making a claim.
I put a value to my list but I recognize that it doesn't matter much what I think. I carry a $5K rider on my policy for tool insurance and hope that if I get ripped then most of my stuff is not in one place at one time. Raising the limit of coverage really makes the cost of insurance go up, so I decided to get bare minimum coverage.
looks like the cat's meow
hoping the plastic base on my Makita pride will hold up swinging on a table like that
I like the way you set it on an angle for your cant cuts - the roller assembly looks like it could "cant" too w/ that big C clampdon't hesitate to call when you have to come to the big city for supplies
I engraved my driver's license number near the serial number on all of my tools. Then I photographed the engraving and the serial/model number. Then a photo of the entire tool. This allowed me to compile the tool inventory list while sitting at a desk. A lot easier than doing it in a trailer. I think the photos would help with claim resolution and identification at pawn shops.
Years ago my mom and dads insurance agent was visiting them. He started looking around at all my dads stuff and asking questions. He was very concerned with the fact that nothing was documented. He told him that he needed to video tape it all and keep it in a safe place.
Too much stuff to keep track of and he probably wouldn't believe some of the stuff that he would be claiming. Back then nobody had two computers for example. That kind of stuff.
Tipi fest 06. Let's roll.
I dont even try, $5k deductible policy, probably would not even report anyloss. More likely get sued from theif getting hurt trying to haul anything away woth stealing past other stuff, not a nice clean shop like yours.
Do keep a couple of the very high value electronic tools pretty well hidden though, ditto firearms, etc.
I photograph all of my tool ASAP showing the tool, the case, and all the accessories next to a clipboard stating the manufacturer, tool name, tool model, discription of everything in the photo, serial #'s, and the date. I keep everything stored on my computer then I copy to a CDRW. I also keep all tool manuals in a three ring binder.
I do the same for crates and boxes containtin hand tools, as well as my tool belt and it's ordinary contents.
In addition, I keep all my reciepts for work purchases and all my work credit card statements. I rarely pay in cash, just so I get multiple records of purchases.
The most important thing I do is keep my tools very,very,very organized. If it ain't were it's supposed to go then I get crazy on coworkers.
gk