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!

 

[pizzaguy]

Just to let you know KTAC, the adjuster was the deciding factor. My insurance agent quoted me a "Grounds Maintenance Policy" which was very close to what you offer for less money. This is also the the same company that tried to screw me on hail damage to residence and Fifth wheel Rv ( 2 different incidences ) and both times the adjusters were a**holes. Knowing my dealer takes care of everything made all the difference to me. I hope I never need to use the insurance,but at least I know I will be treated fairly.

 

[Kubota 2007]

I purchased my sixth Kubota Tractor two years ago, I financed it through Kubota, I was told I must take their insurance, or show proof that my home owners cover the tractor. I called my insurance, Travelers, and tractor was cover fully under my homeowners, Travelers signed the fourm and I was able to purchase with additional insurance. I have owned Kubota equipment for 30 years, never had a reason to make a claim, never a serious break down or any expensive repairs. Personally I think insurance is great for a home, great for auto's for the libablity, but when it comes to repairs it's useless,insurance polices want repairs must be done by a tech, there is always something in small print, used parts,remanufactured parts. Invest your money where it will make money,it has worked for me!

 

[KTAC]

Kubota 2007... I respect your opinion when it comes to how to invest your money even if I may disagree with it. Normally, I wouldn't take the time to correct someone because I believe everyone has the right to their own opinion and mine isn't anymore valuable (except this time). You are completely wrong with your opinon on insurance. A homeowner policy does not fully cover a tractor per your finance terms. Trust me... I have more insurance licenses than anyone in this country (credit life, property, casualty, accident, health, and in all 50 states) so I know what I am talking about. I am not saying that to brag because it really isn't that hard. KTAC isn't a typical insurance company so I took offense when you state "insurance polices want repairs must be done by a tech, there is always something in small print, used parts,remanufactured parts". The truth is we want our customers to go to an authorized Kubota dealer and we pay for Kubota parts, not the cheap remanufactured parts. The fact is Kubota makes great products and it ain't cheap if you do have to repair damage caused by something out of your control (flood for example). I am not saying you have to use KTAC, just be sure you are looking at the risks of using a home owner policy (claim against your tractor impacts the potential of premium increasing on the coverage for your house). Sorry for the rant... just passionate when it comes to being lumped in with "insurance companies".

 

[grsthegreat]

as an added note to above post... beware if your ins agent tells you...ya its covered. Have him really check into it. My agent first told me that it was included, but i had him really dig deeper and check it out wiith underwriters.... Came to find out...nope, it wasnt. not without a rider.

The time to find out is before you have a claim

 

[dragoneggs]

as an added note to above post... beware if your ins agent tells you...ya its covered. Have him really check into it. My agent first told me that it was included, but i had him really dig deeper and check it out wiith underwriters.... Came to find out...nope, it wasnt. not without a rider.

The time to find out is before you have a claim

Totally agree here... insurance guys usually say yes first. I then give them a specific and they say, well let me check for sure. Then I ask for it in writing. Then sometimes, "oh, you will need a rider". In my brief comparison between KTAC and my homeowner's policy, all things considered, I decided on KTAC was best for me.

 

[DT86]

...In all fairness, I have been called an a**hole on occasion...

I like your style.

 

[timswi]

I checked my HO ins and it only covers fire, theft and some natural disasters. If I roll the machine or wreck it on my property it's not covered. As soon as I cross my property line, not covered. On the trailer, not covered. To get a rider would have been $600 per year..Through KTAC, around $160 for my BX23 and that is full coverage for everything, more than fair.

My RTV1100 is another story..$300 per year for 19K in coverage...I'm gonna have to do it but that premium is getting expensive on that one given the damage I can do with a TLB vs an RTV.

 

[grsthegreat]

I checked my HO ins and it only covers fire, theft and some natural disasters. If I roll the machine or wreck it on my property it's not covered. As soon as I cross my property line, not covered. On the trailer, not covered. To get a rider would have been $600 per year..Through KTAC, around $160 for my BX23 and that is full coverage for everything, more than fair. My RTV1100 is another story..$300 per year for 19K in coverage...I'm gonna have to do it but that premium is getting expensive on that one given the damage I can do with a TLB vs an RTV.

wooo, i got commercial coverage for $300/yr. its a rider that allows me to hire out.

 

[Kubota 2007]

KTAC, I can see your standing behind what YOU SELL. Insurance is a business, business's need to make money. I'm a consumer, I need to be Smart how I spend my money, never used or needed additional Tractor Insurance, so I'm ahead of the game. What I saved by not purchasing unnecessary Insurance, I can put that money towards a new tractor. I'm a firm believer, if an item or service is a good deal it will sell itself,the fact someone needs to point out why this insurance is better than any other insurance make me wonder! Happy Thanksgiving.

 

[timswi]

KTAC, I can see your standing behind what YOU SELL. Insurance is a business, business's need to make money. I'm a consumer, I need to be Smart how I spend my money, never used or needed additional Tractor Insurance, so I'm ahead of the game. What I saved by not purchasing unnecessary Insurance, I can put that money towards a new tractor. I'm a firm believer, if an item or service is a good deal it will sell itself,the fact someone needs to point out why this insurance is better than any other insurance make me wonder! Happy Thanksgiving.

In my area no one can touch KTAC's rates and coverage. I shopped around for insurance on my BX23 and the cheapest I could find was $600 on a commercial policy...I only want the insurance so it's covered when transporting it or God forbid I would have an accident....I insure everything I own, peace of mind for me and in the case of the BX, less than $200 per year...The RTV is getting a little expensive though..I have no affinity whatsoever with KTAC, they just have a good product at a generally fair price.