Tools & Equipment Insurance
Does Tools Insurance Cover Fire Damage?
Yes — fire is a standard covered peril on tools and equipment policies. Whether the fire occurs at a job site, in your truck, or in storage, your tools policy covers the loss.
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Are contractor tools covered if damaged or destroyed in a fire?
Fire damage to tools and equipment is one of the most straightforward covered claims. An open-perils tools policy covers fire damage regardless of cause — whether it’s an electrical fire at a job site, a fire in your storage unit, or a vehicle fire.
Smoke damage is also covered — even when tools aren’t directly burned, smoke can render electronics and precision instruments inoperable. Document smoke damage thoroughly with photos before cleaning or discarding affected items.
File a police or fire department report for any fire loss — this documents the cause and date of loss, which your insurer will request as part of the claims process.
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