Tractor Insurance, do you have it?

[kcflhrc]

So I recently paid off my note with John Deere so with that my insurance through John Deere on the tractor goes away. The tractor is covered for theft under my Homeowners. State Farm will completely insure the tractor for $20k for $250 a year with 0 deductible or $190 a year with a $500 deductible. This is a 2013 3032E. My only question is, do you guys buy this supplemental insurance for damage to the tractor? I'm thinking not. But the theft protection under the Homeowners is nice for free.

Thanks

 

[LS Tractor Owner]

I have fire and damage insurance on mine through State Farm for $160 / yr. Theft is also covered under the H /O policy. Never know if a wildfire comes through or a microburst blows down the building on it.

 

[kcflhrc]

I have fire and damage insurance on mine through State Farm for $160 / yr. Theft is also covered under the H /O policy. Never know if a wildfire comes through or a microburst blows down the building on it.

My State Farm lady said it would be covered by homeowner's just like my mower's, tiller, snowblower, etc for any damage by weather, fire or theft as long as it resided on my property. If I wanted actual accident insurance then that would be additional. My tractor is stored inside my detached garage so maybe that's why it's covered by Homeowners. Homeowners deductible still applies though. Which for me is $1,500

 

[JerryK]

I have AutoOwners. They cover my zero turn and garden tractors via the normal home owners policy. I pay extra and have fire/theft on my three Mahindri [ and associated FEL, implement,hoe,blower, etc bought with the tractor ] over and above the normal policy. And it is only a few hundred more a year. [ about $160 for all three, me thinks ]

 

[TractorNH]

I have a State Farm personal articles policy on mine. Your pricing is in line with what I pay which is just under $500/yr for $40k coverage and zero deductible. It covers everything except mechanical breakdown. If I break a window while I'm using it, it is covered...roll it over, it is covered. The other plus to a personal articles policy is that it doesn't take into account depreciation. You insure the item for the amount you paid for it and if it's stolen 3 years later or burns up in a fire and is a total loss you get paid the insured amount. It is also easy to add implements to the policy like that several thousand dollar snowblower or grapple.

A homeowners policy only covers listed perils so it wouldn't cover the glass unless it was vandalism for example. It is also best to limit claims on your homeowners policy as it gives the insurer a good reason to jack up your rates.

 

[Gale Hawkins]

I have to declare our equipment for it to be covered and the agent said it cost very little. I am a trusting soul I guess.

 

[bunyip]

wE PAY ABOUT $500PA BUT THAT includes $20,000,000.00 public liability which is not covered withh home and contents.

 

[ericm979]

My State Farm lady said it would be covered by homeowner's just like my mower's, tiller, snowblower, etc for any damage by weather, fire or theft as long as it resided on my property. If I wanted actual accident insurance then that would be additional. My tractor is stored inside my detached garage so maybe that's why it's covered by Homeowners.

My SF agent also said my tractors covered under homeowners as you describe though I don't remember them asking where I store it. The UTV next to the tractor in the barn isn't covered by SF as they were expensive for that.

 

[Thomas]

I have it thru home owners fire thief injury,not cover once I leave the property.

 

[STx]

I've got inland marine on all my heavy equipment from the farm bureau for about $600 a year. Covers theft or damage here, on the road or on another property.