SnohomishBrian
New member
What do you guys do for insurance on your tractors? I suppose I could contact my homeowners agent. Any thoughts?
Insurance Insurance on tractors
- Thread starter SnohomishBrian
- Start date
- Views: 2825
ronjhall
Super Star Member
Brain
There have been quite a few discussions about tractor insurance on TBN. Here is a link to the latest one. Click Here.
There have been quite a few discussions about tractor insurance on TBN. Here is a link to the latest one. Click Here.
OP
SnohomishBrian
New member
Thanks for the link.
JJT
Veteran Member
- Joined
- Oct 13, 2001
- Messages
- 2,099
- Location
- Upstate NY, USA
- Tractor
- Kubota L3710 HST and a Kubota ZD21 60Pro
I'm covered under my homeowners policy, as long as I'm not doing any paid/commercial work.
kn6md
Member
Make sure you never loan your tractor, or any other tool, to anyone who plans to use it off of your property. Homeowners insurance doesn't cover you for the potential massive liability.
I learned this, (and confirmed it with my State Farm agent who checked with the company and adjusters), from a TBN post by:
Cowboydoc on ‘Borrow my tractor’ 12/14/03
(Quote) Another thing to consider is liability. If anyone gets hurt on your machinery you are responsible. If anyone else gets hurt from whoever borrowed your machine you are responsible.
A friend of mine learned this the hard way last year. He loaned his tractor and disc out to a "friend". While this guy was using the tractor his son fell off and the rear tire ran over him breaking his pelvis. When the insurance company found out it wasn't his tractor they denied his personal health insurance saying the owner of the tractor was liable. He SUED my friend and won!! Not only for the medical bills but for pain, suffering, and loss of use.
My brother had the same thing happen. They had a barbeque over at their house. Some of the boys got his four wheelers and were riding them WITHOUT permission. The one boy flipped it and broke his arm. That boys parents also sued and won against my brother. (End of Quote)
I printed that post and show it when someone asks to borrow a tool.
The problem is, the borrower is out of the equation if there is an accident. The borrower cannot control actions of his insurance company when they attack you to reimburse themselves for the borrower's claim. It's sick.
Be Careful
I learned this, (and confirmed it with my State Farm agent who checked with the company and adjusters), from a TBN post by:
Cowboydoc on ‘Borrow my tractor’ 12/14/03
(Quote) Another thing to consider is liability. If anyone gets hurt on your machinery you are responsible. If anyone else gets hurt from whoever borrowed your machine you are responsible.
A friend of mine learned this the hard way last year. He loaned his tractor and disc out to a "friend". While this guy was using the tractor his son fell off and the rear tire ran over him breaking his pelvis. When the insurance company found out it wasn't his tractor they denied his personal health insurance saying the owner of the tractor was liable. He SUED my friend and won!! Not only for the medical bills but for pain, suffering, and loss of use.
My brother had the same thing happen. They had a barbeque over at their house. Some of the boys got his four wheelers and were riding them WITHOUT permission. The one boy flipped it and broke his arm. That boys parents also sued and won against my brother. (End of Quote)
I printed that post and show it when someone asks to borrow a tool.
The problem is, the borrower is out of the equation if there is an accident. The borrower cannot control actions of his insurance company when they attack you to reimburse themselves for the borrower's claim. It's sick.
Be Careful
btolle
Platinum Member
The problem with homeowner's insurance is it only covers the tractor as long as it is on your property. Take it up the street to help a friend and you have no insurance.
I joined my County Farm Bureau for $35 a year and then was eligible to buy Farm Bureau Insurance. $13,200 coverage on my tractor and implements for $53 a year. My State Farm agent recommended that solution, it was cheaper than he could offer even figuring in the cost of the Farm Bureau membership.
It does not include liability insurance so you may need to go elsewhere if you need liability.
Interesting policy, it covers "This policy insures against all risks of direct physical loss of or damage to the property covered from any external cause except as otherwise provided".
It lists the usual exclusions for wear and tear, war, etc. but covers anything that happens to the tractor or listed implements. If I roll it, it is stolen, etc., it is covered.
One caveat: It is only good within 50 miles of the address on the policy so be careful about taking it too far away from home.
Bill Tolle
I joined my County Farm Bureau for $35 a year and then was eligible to buy Farm Bureau Insurance. $13,200 coverage on my tractor and implements for $53 a year. My State Farm agent recommended that solution, it was cheaper than he could offer even figuring in the cost of the Farm Bureau membership.
It does not include liability insurance so you may need to go elsewhere if you need liability.
Interesting policy, it covers "This policy insures against all risks of direct physical loss of or damage to the property covered from any external cause except as otherwise provided".
It lists the usual exclusions for wear and tear, war, etc. but covers anything that happens to the tractor or listed implements. If I roll it, it is stolen, etc., it is covered.
One caveat: It is only good within 50 miles of the address on the policy so be careful about taking it too far away from home.
Bill Tolle
