Insured value at Notes end

[AHNC]

This is just an FYI. My 2660, 5 yr note expired this month and Kubota sent me a new insurance proposal. The proposed insurance value for the 2660 and LA243 MMM are $12,800 & $2,200 respectively. A $250 deductible at $234/yr. I'm going to let me homeowners take over here, but just thought I'd offer the numbers.

 

[azbinder]

Not being a smart a&&, but check w/ your homeowners before you lose out on Kubota's offer. When you match coverage for coverage, most homeowners policies can't touch the Kubota coverage. I've had many customers say that their's would cover what Kubota requires on the contracts, when in fact they didn't even come close.
And to get this coverage for $19.50 per month, I personally think it's a pretty good deal.

 

[AHNC]

No question, it is good coverage. I look at insurance as a bit of a game. A serious game, but even on my auto insurance, I cannot afford to use it unless it is a catastrophic accident. I carry a maximum deductible. If for three years I didn't have a claim I had a "positive" cash flow against the policy. 18 yrs later it is all good.

Kubota covers things my homeowners doesn't at 1/4 the deductible, for only $234/yr. I'll take care of the tractor and bank on my homeowners for both tractors.

 

[KTAC]

Good day everyone...

AHNC, First let me say congratulations on paying off your Kubota! :thumbsup:

As far as the value used for your quote from KTAC, the market dictates the amount of equipment (value) depreciation. For example, with the introduction of Tier 4 engines in the market, several models (not just Kubota) have seen older equipment hold value better in certain regions due to the increase in pricing for newer models. Anyone that receives a quote from KTAC can lower or increase the value (policy coverage) if they choose to do so because we understand every region is different and values fluctuate (benefit of dealing with an insurance agency owned by a tractor manufacturer). The bottom line is KTAC wants your equipment properly insured (both with full coverage and proper value). If you have our insurance, we have better control of making a difficult time (such as filing an insurance claim) an experience that will give you even more confidence in remaining a Kubota Loyalist! :thumbsup:

PS - Be careful on filing a claim against a HO policy, you do not want your premium going up on something meant to protect your home (not a tractor).

 

[gwdixon]

You may consider the Kubota insurance more seriously if the tractors are used off your home property. Most HO insurance doesn't cover anything off the property.

 

[grsthegreat]

I know for an absolute fact that most homeowner house policies wont cover a tractor. When i first called my agent after getting my new tractor he told me...sure, its covered.

Then i had him really check into it to be sure. Turned out a tractor requires an additional rider, like guns and jewelery.

even with this rider, once it leaves the property...on trailer or on tires, all coverage is gone.

I ended up getting an inland marine policy that covers the unit wherever it is. I can even use it commercially and its covered. This policy also covers all implements and the glass on the cab. Its about $300/year, but now if a tree falls on the tractor and crushes $1,00's worth of glass, its covered. Only $250 deductible

If im moving snow on neighbors driveway and have an accident, its covered.

Also includes $600,000 liability coverage.

 

[KTAC]

grsthegreat... KTAC Insurance also offers the same property damage coverage (off property, in-transit, accidental damage, glass breakage, flood, etc) and has a $250 deductible. The difference is KTAC doesn't increase your policy's premium just because you file a claim. Just saying...

I do understand a commercial user would like to have the liability coverage so no argument there.

Have a Great Thanksgiving everyone!!!

 

[rbarker]

grsthegreat... KTAC Insurance also offers the same property damage coverage (off property, in-transit, accidental damage, glass breakage, flood, etc) and has a $250 deductible. The difference is KTAC doesn't increase your policy's premium just because you file a claim. Just saying... I do understand a commercial user would like to have the liability coverage so no argument there. Have a Great Thanksgiving everyone!!!

Love your thumbnail!

Sent from my iPad using TractorByNet

 

[pizzaguy]

I have the KTAC insurance and have one more thing to add. If you have a claim you don't have to deal with a**hole insurance adjusters. Your dealer takes care of the claim. If you have a good dealer as I do you it should not be any problems. In my book, Insurance adjusters are bigger crooks than any attorney or politician.

 

[KTAC]

pizzaguy... In all fairness, I have been called an a**hole on occasion. (The good news... is it was usually by an insurance agent who just lost another customer!):laughing:

Like I've said, we are not your typical insurance agency because we care if you go back and buy another Kubota!