One thing to mention about insurance. I have REPLACEMENT value insurance. It costs a little more than normal DEPRICIATED value insurance, but imagine what my depreciated value of 20 year old name brand tools would be.
Hate to mention it, but another scenario is divorce. I went to see some advertised tools once. The lady said her hubby had left with his new girl friend, and asked her to dispose of his complete shop in the garage. I bought over 50 woodworking books and a dozen videos for $50. My buddy snuck around behind me and found 24 True Grip aluminum bar clamps in a corner, and she asked her 16 YO son how much. $5 each bought them all. I asked her several times if she was sure he would let items go for such low prices, and she was adamant that he wanted to sell them. Guilt assuaged, we cleaned out the place.
I have often wondered what happened if and when hubby came home.
Rick Potter
DIY journeyman,
FWW wannabe.
AKA Village Idiot.