Mechanics Tools Insurance
This provides a summary of the significant features, benefits and limitations of the cover provided by the National Insurance Mechanics Tools policy. If you want to see the full terms, conditions or exclusions of the cover please download the policy document.
Insurer: Axis are rated “A+” (Strong) by Standard & Poor’s and “A+” (Superior) XV by A.M. Best.
Type of insurance and cover
This covers loss or damage to powered and non-powered hand-held tools of all types belonging to, leased to, on hire purchase, loan or hired to you
The duration of this contract is 12 months. Completion of a proposal form is required. Note that cover is available to customers based in the Republic of Ireland only.
What is insured
‘Material Damage All Risks cover which will provide indemnity in respect of loss of damage to the property caused by Fire, Lightning, Explosion, Aircraft, Impact, Storm, Tempest, Flood, Burst Pipes, Riot, Civil Commotion, Malicious Damage and Accidental Damage. Covers for loss of or damage to personal tools belonging to you occurring at your employer’s premises.
Where an item is lost or damaged beyond economical repair we will pay to replace it.
Your employer’s policy has a very low limit for Employees Tools on their business premises for example there policy (may) only cover their employees tools up to a value of €2,750.00
What is not insured
We will not pay for:
- damage to any tool caused by its own breakdown
- Losses only discovered as a result of a routine inventory.
Special security exclusions
We will not pay for personal tools whilst unattended unless they are contained in:
It is warranted that the premises meet or exceed the following physical security requirements
1. five lever mortice deadlock(s) on entry/exit door(s)
2. window locks on all accessible windows
An excess is the amount that is deducted from any money paid to you in the event of a valid claim being paid. The level of excess is €500.00 each and every claim
Mobile devices and wearables
Mobile phones, smart phones, smart watches or similar wearable devices are not insured under this policy.
If you decide you do not want to accept the policy, or any subsequent renewal of it, please tell us within 14 days of receiving the policy or renewal notice. We may, at our discretion, charge you for the time you have been on cover, including insurance premium levy.
To get the best value Mechanics Tools insurance quote with the right cover simply call 1890 904 904