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TIL a $65 insurance rider on my community center's tool library saved us after a member broke a miter saw
I help run the tool library at our community center in Dayton, and we pay about $65 a year for a rider on the center's policy that covers member use of the shared tools. Six weeks ago a guy dropped a miter saw off a bench and cracked the housing, and I figured we were out the full $300 to replace it. The rider covered it minus a $50 deductible, so we were back up and running in about 10 days. Before that I honestly thought the extra $65 was a waste of our small budget. Now I want to know if other volunteer-run groups out there bother with this kind of coverage, or if you just eat the loss when something breaks. How do you handle it when a member damages shared gear?
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charles6784d ago
Yes! We had almost the same thing happen with a table saw at our makerspace and the rider paid out without any fuss. Who knew 65 bucks could save you that kind of headache? We just set a $50 deductible rule too and folks don't even blink at it.
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the_jessica4d ago
A $50 deductible and nobody blinks? Must be nice. Our crew would hold a town meeting about whether the coffee fund can spare it. Meanwhile somebody will spend 40 minutes arguing about a $12 replacement blade like it's a court case. The 65 bucks is the easy part, it's the debate club that gets you.
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