New financing tractor insurance

[coolbrze]

I've read some threads that pertain to needing to have insurance on a Kubota when purchasing & financing. Is this true? If so, what kind of insurance do you need?

 

[Tractor Seabee]

Kubota dealers only have KTAC (owned by Kubota) to offer. I was told it was mandatory on Kubota financed tractors; because it covers just about everything except abuse, wear and tear, or maintenance. That way they are protected till it is paid off. There have been other stories here though, also. It paid my $8K damage claim that other insurance I know of would not have. I keep renewing it now.

Stop by a dealer and they will tell you all about it.

Ron

 

[Fallon]

You need replacement insurance on your tractor if you finance it, just like you would if you financed a car or truck.

I researched alternatives to KTAC... All I found were more expensive options with higher deductibles & more restrictions. Some people have had luck with home owners insurance covering their machine. But homeowners almost always means its only covered in your property for personal use only.

I use my machine for side work & I'd have needed a large rider on my homeowners that would have been more than KTAC for a lot less coverage. Add in the fact KTAC has a great reputation and it was a no-brainer to go with them. I called around a bit other than my homeowners & could not find any better deals than KTAC.

 

[coolbrze]

Appreciate it!

 

[jeff9366]

I have made two claims on my KTAC insurance, one claim on each of two tractors, over seven years.

KTAC is excellent for you to deal with and excellent for your Kubota dealer to deal with.

LINK: KTAC insurance - Google Search

 

[oosik]

I financed my Kubota for a short while - getting my finances in order. During this time I had KTAC insurance - it appears to be good, complete coverage and at a reasonable rate. I now insure my tractor and implements thru my homeowners policy. My homeowners policy provides complete coverage and at no added cost. Only restriction - coverage only while on my property.

 

[JB13502]

Another plus with KTAC is that it will cover your tractor while it's off your property, including trailering. Most other policies will only cover damage incurred on the regisistered policy.

 

[Complete Turf Care]

I financed part of the purchase price of my Grand L6060 through Kubota credit and I did not get the insurance through Kubota.

However, I am required to insure it in order to finance it. I got the insurance with my regular insurance agent who handles all of my insurance.

My tractor is not for personal use, it is for business use, so a homeowner's policy is not an option for me. The policy I have was maybe 10% cheaper than Kubota's cost, and I didn't compare the coverage. I just felt it would be easier to keep all my insurance in one place.

 

[MessickFarmEqu]

KTAC is fantastic, and frankly another reason to buy a Kubota!

 

[Ortimber]

KTAC is fantastic, and frankly another reason to buy a Kubota!

I’d have to agree.