There are different types of tool insurance policies available, so mechanics can choose the policy that best meets their needs. Some common types of tool insurance coverage include:
Theft coverage: This type of coverage provides reimbursement for tools that are stolen.
Damage coverage: This type of coverage provides reimbursement for tools that are damaged.
Loss coverage: This type of coverage provides reimbursement for tools that are lost.
Replacement cost coverage: This type of coverage provides reimbursement for the cost of replacing tools that are stolen, damaged, or lost.
Mechanics can purchase tool insurance from a variety of sources, including insurance companies, tool retailers, and online insurance brokers. When shopping for tool insurance, it is important to compare quotes from multiple sources in order to find the best deal.
It is also important to read the policy carefully before purchasing it to make sure that it provides the coverage you need.