I use State Farm for my auto and for a tool policy like what you are wanting. It's called an Inland Marine policy--don't ask me why. It is a complete seperate policy from my auto. It is very inexpensive at under $10 per month $100 deductible and i think my total coverage for the tools i have listed is around $10,000. Every so often i update my list of tools with them. My policy covers the items cost when new--if something is stolen they reimberse you for those items cost new. The one claim I did have on this policy i went down to Toolmart and replaced the items and took the insurance co. the receipt and they took off $100 deductible and wrote me a check for the rest.
