Physical Damage Insurance

[Hansen Equipment Inc]

After reading all the threads about TBN member G3033H and his mishap,it should be a awakining to every one to cheek there insurance to see what is really covered. Most home oweners insurance is ok to pay off the loan for theft or your garage burns and you loss the tractor. There are a lot of things left open, like if you leave your property to go elsewhere and turn over you probable are not covered. I am not a insurance expert so cheek in to it. We just had a customer damage his loader pushing snow in his drive way. He found he was not covered,SOL. He left here with a $ 1400. bill,and that is after we dicounted his parts 20% to help things along because he purchased the tractor from us. You can go back to your dealer and purchase insurance with Agricredit Acceptance. I now use this story about the loader as a example to my customers that are financing a tractor and are not sure about there insurance. This equipment is to much a investment to loose it,and you really find out how much you use it when its gone.

 

[grsthegreat]

After reading all the threads about TBN member G3033H and his mishap,it should be a awakining to every one to cheek there insurance to see what is really covered. Most home oweners insurance is ok to pay off the loan for theft or your garage burns and you loss the tractor. There are a lot of things left open, like if you leave your property to go elsewhere and turn over you probable are not covered. I am not a insurance expert so cheek in to it. We just had a customer damage his loader pushing snow in his drive way. He found he was not covered,SOL. He left here with a $ 1400. bill,and that is after we dicounted his parts 20% to help things along because he purchased the tractor from us. You can go back to your dealer and purchase insurance with Agricredit Acceptance. I now use this story about the loader as a example to my customers that are financing a tractor and are not sure about there insurance. This equipment is to much a investment to loose it,and you really find out how much you use it when its gone.

theres a policy called Inland Marine thats available thru most insurance companies. these would have paid for that repair less whatever deductible they wanted at the time if getting the insurance. It also covers tractor when used OFF of your property. It also covers commercial use such as snow removal at neighbors, etc.

I have it on my $45,000 worth of tractor and snow equipment and it cost about $450/year. This includes 300,000 /600,000 coverage, plus medical and i chose a $250 deductible.

If i wreck my loader mounted blower while moving snow....covered

If tree breaks off and smashes glass cab.... covered

it also adds $50,000 additional coverage to building where tractor is stored.

Pretty cheap insurance actually