Friends had tools stolen from a van and their insurer demanded proof of purchase for each item, then paid only secondhand market value. This forces victims to buy used tools, potentially stolen ones, which keeps the stolen-tools market alive instead of stopping it.
I've had friends that have had their tools stolen out of the van. They've gone, "Oh, it's all right, I've got tool cover." They phoned up the company that they've got cover with and they've said, "Well, we need proof of purchase for everything that you've had stolen and we're only going to give you secondhand market value for the tools," which is just bananas. You know, how's that going to help anything? Because if they're just giving you the value for the secondhand tools and you can only afford to go and buy secondhand tools, ultimately you're going to end up buying somebody else's stolen tools and it just funds the whole industry.
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