47-55.1 When do you get insurance involved?

[mr48chev]

Originally Posted by dsraven

after having been the victim of a shop robbery at work years ago, where tool roll cabs etc were taken, we all had to have an inventory list of everything, with part numbers and current prices. the insurance adjuster said a video of the tool boxes, drawer by drawer, would have been great to have because then there would be no question as to the tools having there. apparently some clients "embellish" their lists and put in for things they would "like to have" but currently had not purchased yet, or had cheap brand tools but put in for top quality, more expensive, brands. anyway, just saying that reciepts are always good to keep for this sort of thing but also to have in your project file for reference later. pics or video is also awesome to have just in case something insurable happens or you need to reference something later for warranty or whatever.

I know that guys always claim that they don't keep receipts for tools or car or truck stuff but in truth if you have to hide what you spent you can't afford it anyhow unless you have that wife who thinks if you spend a dollar on your truck you have to spend a dollar on something she wants too. Back in the 70's I had a buddy who's wife actually thought that way even though she didn't work and he made a pretty good living at the time and his car spending money was what he made in his garage at the house doing upholstery work for a lot of us who had hot rods at the time. He did the seat an tonneau cover on my 48. Every time he got some money saved up for the hot rod she would fuss that she needed something for the house if she found out that he had it and want to use the car money for what she wanted.

Still documentation of what you have as far as truck parts and what you paid for them even if you have to hide it Plus documentation on what you have in tools and shop equipment is something that everyone should have tucked away in a safe place even if it is photo copies kept on an SD card.