DWSmith
Still Plays With Blocks
- Joined
- Feb 28, 2011
- Messages
- 578
- Reaction score
- 1
The shop will be a little slower this week for building but busier for other things. For insurance and tax purposes, I will be taking a photo inventory of all the tools with descriptions and serial numbers and overall photos of the shop and how it is set up. In the case of a catastrophic event like a fire or major theft, I need positive proof of what I have and photos are the best way. I do this each year at this time and keep the inventory in a safe place. A little preparation goes a long way.
Some time ago I was the victim of a major theft when I worked for a tool company. Some of my personal tools were stolen as well and I had a horrible time with the insurance company proving what I had. They went so far as to substitute a lesser cost brand for what I had in the computations. Had I been able to provide photos, the problems would have been lessened. Lesson learned and taken to heart!
Along with the insurance inventory, I also need to provide the county with a property valuation for tax purposes. I dislike paying taxes but will pay my fair share. The inventory keeps the tax man from trying to collect more than what I owe.
But more than all I am happy I am still here, in business, working at a craft which I really enjoy despite all the hurdles and problems. To all on the forum I send my wishes for a happy and prosperous new year!:biggrin:
Some time ago I was the victim of a major theft when I worked for a tool company. Some of my personal tools were stolen as well and I had a horrible time with the insurance company proving what I had. They went so far as to substitute a lesser cost brand for what I had in the computations. Had I been able to provide photos, the problems would have been lessened. Lesson learned and taken to heart!
Along with the insurance inventory, I also need to provide the county with a property valuation for tax purposes. I dislike paying taxes but will pay my fair share. The inventory keeps the tax man from trying to collect more than what I owe.
But more than all I am happy I am still here, in business, working at a craft which I really enjoy despite all the hurdles and problems. To all on the forum I send my wishes for a happy and prosperous new year!:biggrin: