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When looking at various insurance plans, you may want to learn about the Leatherman warranty. When you purchase a Leatherman product, you also get a robust manufacturer’s warranty that lasts a full 25 years. These manufacturers’ warranties handle basic manufacturing errors, similar to a Ridgid tools warranty.
Yes, Leatherman offers a generous limited warranty period of 25 years, which is longer than a standard Seagate hard drive warranty. This manufacturer’s warranty handles issues related to shoddy workmanship and defective materials, just like a Kobalt tools warranty. The warranty does not, however, cover accidental damage or damage resulting from normal wear and tear.
Make sure to hold onto your receipt, proof of purchase, and warranty card in case something goes wrong during that 25 years.
The lifespan of a typical Leatherman warranty, at 25 years, is nothing to sneeze at. In other words, you will likely not need an extended warranty beyond that 25 years, and it would be a struggle to find a company to take on the request anyways. However, this warranty only covers manufacturing defects, so you may want to add some insurance to cover accidental damage and the like. Here are your options.
Leatherman does not offer in-house proprietary insurance, so the 25-year limited warranty is the only official option available to you. However, there are gobs upon gobs of third-party insurers that cover Leatherman products. The plans vary in price depending on what you are covering and what type of coverage you are going for. You don’t need an extended warranty of any kind, so just look at actual insurance plans that cover accidental damage, normal wear and tear, and related problems. The lifespan of these plans varies, but it will be tough to find one to cover the entire 25 years.
If you rent your home and your primary concern is that a crook sneaks into your place and makes off with your Leatherman products, then consider renter’s insurance. This type of insurance specializes in replacing or refunding stolen items and can cover anywhere from $10,000 to $50,000 in goods. These plans cost anywhere from $5 to $20 each month and do feature a deductible.
If you are primarily worried about natural disasters damaging your Leatherman goods, consider a homeowner’s insurance plan with natural disaster coverage. These plans cover issues related to fires, hurricanes, and other nasty weather scenarios.
STAT: Timothy S. Leatherman, a 1970 mechanical engineering graduate of Oregon State University, and his business partner, Steve Berliner, formed Leatherman Tool Group in 1983. (source)