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When looking at various insurance plans, you may want to learn about the Gearwrench tools warranty. When you purchase a new tool from Gearwrench, you also get a robust manufacturer’s warranty that typically lasts the full lifetime of the product, though some accessories are not covered by this same plan. These manufacturers’ warranties handle basic manufacturing errors and material defects, similar to a Harbor Freight warranty.
KEY TAKEAWAYS:
Yes, Gearwrench offers a limited lifetime warranty that lasts the entire life of the tool or product, just like a Milwaukee Impact wrench warranty. This is a manufacturer’s warranty that covers defective materials and shoddy workmanship, just like a standard Philips toothbrush warranty. In other words, despite lasting the lifetime of the tool, Gearwrench warranties do not cover accidental damage, theft, or normal wear and tear. Likely, this will include the normal depreciation of a dolly, which sees a lot of heavy work.
Insider Tip
Hold onto your receipt, warranty card, and other proof of purchase information just in case you need paperwork down the line.
A limited lifetime warranty is nothing to sneeze at, but it does just cover manufacturing issues. In other words, you won’t find any coverage here for accidental damage, normal wear, and tear, or theft. For that type of coverage, you have to shop around and make an informed purchase decision. Luckily, you have a few options.
Gearwrench does not offer a proprietary insurance service, so for additional coverage beyond the limited lifetime warranty, your best bet is a third-party insurer or warranty provider. There are plenty of companies out there that have your back here, from upstarts like Akko and Asurion to old-school providers like Progressive. You can also likely purchase additional coverage where you bought the tool. For instance, Home Depot offers a full range of insurance and warranty add-ons. The prices here vary depending on what you are covering and what type of coverage you are looking for.
If you are keen on protecting your new Gearwrench tools from theft or burglary, a standard renter’s insurance plan is likely your best bet. These plans are primarily intended for theft and can cover anywhere from $25,000 to $50,000 once you meet the deductible. These insurance plans are budget-friendly, costing anywhere from $5 to $15 each month. Generally speaking, larger payout amounts accrue higher monthly or yearly fees. It is worth noting that this type of insurance is only useful in the case of theft and offers no coverage for damage.
STAT: Apex Tool Group is an American supplier of hand tools and power tools that owns Gearwrench. (source)
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