Tools of Trade
What policy covers tools of trade
It’s covered up to $1,000 in total
It’s covered up to $2,000 in total
It’s covered up to $5,000 in total
We’ll cover tools of trade and equipment used for a business activity with fixed limits applied – featured in the above table – under each level of cover. For a claim on an item over $3,000, we will ask for proof of purchase, a professional valuation and a photograph.
What’s not covered
There are some instances where you will not receive coverage, such as if an uninsured event has taken place or the loss or damage occurred away from your insured address. You can learn more about this coverage and other exclusions in the Product Disclosure Statement.