Our house and my Garage contents are currently insured with LV and previously Frizzel, and due to the high value of tools and equipment I have it’s been difficult to find a competitive alternative company. We have just received the renewal which is over £100 more than last year, and I be never made a claim.
Other companies say they will insure the garage contents which they assume is for a cantilever toolbox, electric drill, lawnmower, spade and fork etc. up to the value of £2k included in the house policy.
When I list my equipment such as lathe, tooling, precision equipment and collections of hand and power tools etc. amassed over 30 years in the tool industry I receive exorbitant quotes and the comment it must be a business concern which obviously isn’t the case.
Question to forum members out there is who do you recommend to cover a garage workshop. It’s quite mind blowing when you add up the value of tools, I’ve only listed £15k on the policy and that really doesn’t scratch the surface. It’s a real dilemma, as the more you add to the policy the more it goes up.
