bluefin650
Bronze Member
Is insurance mandatory when financing a new kubota tractor?
Insurance question
- Thread starter bluefin650
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CobyRupert
Super Member
Probably. However, check your homeowner policy, it may cover non-registered vehicles and that may satisfy Kubota financing requirements. But your homeowners won't cover tractor if you plan to take it off your property.
mddorange
Elite Member
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- 2014 Kubota L3200 DT w/LA524 FEL, Loaded rear tires, LP RCR 1860 5' Cutter, LP RTA 1258 5' Tiller, LP PFL 2042 Pallet Forks w/60" Extensions, KK BB60 Box Blade, KK PHD-12" Post Hole Digger
Yes it is. KATC has good insurance and you can finance it at 0% if you finance your tractor.
tjkubota93
Veteran Member
When I bought mine they tried force the ktac on me. I said no, so they made me provide proof it was covered under my home owners. That was not a problem, called usaa and they emailed it to me in 5 minutes.
I think the ktac is good based on hearsay, but so far I'm glad I didn't buy it. Haven't needed it and tractor was paid off in 20 or so months.
Absolutely yes with any tractor with a loan. Agree with others, check your home owners. I was going to have to convert to a farm policy which would have cost as much as KTAC so I just got KTAC since I was able to finance it in at 0% with the tractor.
the old grind
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- NH T-1520 HST, NH TC33DA HST, Case DX26 HST, .Terramite T5C, . NH L785
I borrowed 'against shares' at my CU, got a great % rate for that (3.01%) and since it's 'secured' there was no insurance requirement.
Many homeowner policies declare coverage for equipment used to maintain the premises. That said, one insco may include a <"x" hp SCUT by default and another may require a rider for a >"x"-deck ZTR. We have to ask 'em and be sure, that's all.
I'd still rather pay for insurance I didn't need than get stung thinking I had coverage on a $10k yard tool and really didn't.
Many homeowner policies declare coverage for equipment used to maintain the premises. That said, one insco may include a <"x" hp SCUT by default and another may require a rider for a >"x"-deck ZTR. We have to ask 'em and be sure, that's all.
I'd still rather pay for insurance I didn't need than get stung thinking I had coverage on a $10k yard tool and really didn't.
robertm
Veteran Member
Insurance is required when a note is on the tractor, but KTAC IS NOT required. Proof of homeowners is acceptable.
Does anyone know what the specific requirements Kubota requires for home owners insurance when financing a tractor?
My dealer stated Kubota requires it covered on and off property (I don't see how a home owners insurance can cover off property unless you specifically get a add-on), $1000 deductible, covered for rollover and cover the total cost of the tractor in event of a total loss.