Insurance Do you have insurance on your tractor?

Scrounger · Jun 21, 2005

My homeowners covers me regardless where I'm at and even towing since the vehicle insurance will cover the trailer and load. THis is only for non commercial work. I insure with USAA.

BRIGUY · Jun 21, 2005

My wife has been with State farm for 21 years. My home owners covers my tractor only on my property and only for fire and theft. No coverage if you damage or total it. A local guy was killed on his Tractor and it was Damaged but not totaled. The insurance company did not pay a dime. His widow now has a wrecked tractor and a tractor payment.

HomeBrew2 · Jun 22, 2005

That is what I was told by one of the "agents" that works in my local State Farm office. I found that to be rediculous and promptly asked to speak to the owner/broker, with whom I was used to talking to anyway. After she spoke directly with the underwriter at the home office, she informed me that the info given to me by her agent was correct for an agricultural/"farming" use but, NOT correct for a "homeowner's" use. I do not "farm". Therefore, my homeowner's coverage applies to my tractor as it applies to all other property covered under homeowner's and it applies no matter where the tractor is. Of course, all exceptions and exclusions that apply to other property apply to the tractor AND, a further exception is that I am not covered if I improperly secure the tractor to a trailer which results in the tractor being damaged due to flying off the trailer.

gsxr1100 · Jun 22, 2005

When I got my new BX22 Kubota made me have insurance (nothing new). My insurance company would NOT cover it until I had a rider.

Metlife, who is my agent, stated 16K for a lawn mower is not covered under standard coverages.

So I agree with you.

riptides · Jun 22, 2005

Can you provide their definitions of the following:

</font><font color="blue" class="small">( agricultural/"farming" use but, NOT correct for a "homeowner's" use.)</font>

What is a the difference that they see in "farming" and "homeowning"?

Thanks.
-Mike Z. /forums/images/graemlins/grin.gif

HomeBrew2 · Jun 22, 2005

Apparently, they offer a "homeowner's" policy and a "farm" policy. "Farming", being the usual definition: raising food, fiber, livestock for profit. If my residence was also my "farm", I would have a "farm" policy. I don't farm, so I have a homeowner's policy.

copperhead1967 · Jun 27, 2005

When I got the BX22 , we had to get proof of coverage for kubota credit. We had a pretty good hassle getting Travelers Ins. to understand it was a residential tractor , for residential use. My a cousin who is my insurance rep. jumped thru loops to get them to understand why someone would want to spend 15+ k, on a "lawn" tractor. After a call to the State Farm Ins. agent, Travelers decided it would be alright. To make a long story short, I got theft and fire ins. , and damage coverage at a prorated amount. (sort of like car coverage where the value would depriciate.) All this for a whopping....... are you ready??? $4 bucks a year more on my home owners policy.

Devildog · Jun 27, 2005

Well I just found out today that I have to get a separate policy for my tractor. Our home owners does not cover it for theft or fire on the property. And also if im towing my trailer according to allstate my trailer is covered by my policy for my truck. Now if I am hauling a motorcycle on my trailer the truck policy will cover the damage to the trailer but not my motorcycle. That is covered by my motorcycle policy. Which would also go for the tractor if I had a separate policy for it. Now say I have some furnishings or washer and dryer that im hauling, it will be the same for damage to my trailer but my home owner covers the furniture and house hold goods /forums/images/graemlins/confused.gif I know I am /forums/images/graemlins/smirk.gif So right now my better half is looking into the farm bureau insurance. It really sounds like the best way to go. Man what a lesson on insurance for me today /forums/images/graemlins/crazy.gif