Insurance – UK

[Bob Goodenough]

I am looking for a company that will insure my equipment. Previously, I have tried to get a quote from Glover & Howe but they are unwilling because the equipment might be left outside, unattended overnight!

Any recommendations apart from “put it on the household insurance”?

Thanks
Bob

[Dr Paul Leyland]

I can’t recommend any particular company but my father, who was in the insurance business for many years until he retired, told me you can insure anything against any risk — as long as you are prepared to pay the premiums.

You may find it cost-effective to be self-insured in other words. Once the accumulated premiums exceed the repair or replacement costs you are ahead. An obvious exception is where insurance is a legal requirement, to drive a motor vehicle on public roads for example.

Insurance is essentially book-making on a larger scale (another of my father’s aphorisms). The company is gambling on you paying more in stakes than they will lose on payouts. Like bookies, on average insurance companies always make more than they lose.

Good luck.

Paul

[Grant Privett]

Try Photoguard?

I imagine they will want to know where you are leaving it. Theres a lot of difference between a front garden in Tottenham and the backgarden of an isolated cottage on The Fens.

• This reply was modified 1 month, 1 week ago by Grant Privett.

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