Insurance Tractor Insurance
- Thread starter MWILLMONT
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Blizzard0308
Member
Your local insurance agent should be able to help you out with a quote and such I pay $61 a year to cover my tractor, fel, mower and blower. I believe it is like a power sport (atv) type insurance but your agent will be able to get you the correct policy for your tractor.
brin
Super Member
I pay $122.00 per yr. but that is for a fixed amount should someone steal the tractor or it is otherwise destroyed..no haggling about depreciation...I learned the hard way - if you have a loss and do not have a guaranteed payout..the ins. co. will use depreciation to whittle you down to almost nothing.
Blizzard0308
Member
MWILLMONT I sent you a PM.
kthompson
Elite Member
- Joined
- Sep 12, 2008
- Messages
- 3,526
- Location
- South Carolina
- Tractor
- Kubotas B2710, M6800, L6060 cab, Volvo EC excavator, 2 ZTRs and various implements.
Your options vary so much from state to state and insurance company to company you really need to check your area. First ask your homeowner's company if they can cover it with a rider. If so probably best option. If they can not good chance if they are such as Nationwide or State Farm they are not able to offer you any option. You don't want to have to buy a true commerical policy but find a company who will cover it as a farm machine.
LBrown59
Super Star Member
- Joined
- Oct 27, 2004
- Messages
- 16,904
- Tractor
- 2003 Kubota BX1500/2004 Kubota Bx23/2005 Kubota BX1500
greggh
Gold Member
Farm Bureau
timswi
Super Member
- Joined
- Nov 18, 2008
- Messages
- 5,301
- Location
- Beaver County Pa
- Tractor
- Kubota BX23 TLB, Kubota RTV1100, Kubota Z724 & Polaris RZR 900 Trail
State Farm has a policy, but it's commercial. In my case it would have been around $600 per year. No Joe homeowner policy for this.
Dead Horse
Platinum Member
12ga
I suggest getting clarification in writing from your insurance carrier as to exactly what's covered on the tractor. Mine covers anything on my tractor while it's on my property (fire, theft, lightening, injury, etc) within the limits of my home/property AND liability umbrella policies. When I'm using it for occasional non-reimbursed work off my property, it's also covered - I framed the query around tractor use at the hunt club I belong to and which has a half dozen "work days" a year. If anyone else uses my tractor while it's off property I have NO coverage. If I get paid for tractor work, NO coverage.
Most tractor dealers can tell you who has the best commercial coverage for tractors in your state - be prepared to pay quite a bit (see prior post).
Most tractor dealers can tell you who has the best commercial coverage for tractors in your state - be prepared to pay quite a bit (see prior post).
I got a policy through State Farm in WV and it is basically full coverage for tractor and implements. Cost is $300 a year. My GF has a horse farm in Pa and they assured me that the tractor is covered while on her farm.
I've got mine covered through American Family. Coverage runs about $430/yr with $250 deductable. It's higher than some others have mentioned but covers me on and off property, includes, theft, damage to other property, collision, insured and uninsured motorist, and also covers commercial use.
Since I do some snow removal and commercial brushhogging on occasion and often travel on public roads at times I felt it was worth the extra money to make sure I was covered well regardless of use.
Since I do some snow removal and commercial brushhogging on occasion and often travel on public roads at times I felt it was worth the extra money to make sure I was covered well regardless of use.
buck12
Veteran Member
Prices seem to vary widely depending on region. I pay $109.00 per year through State Farm.
I think alot depends on the type of coverage. I could have gotten simple theft/damage for under $200 but would not have covered the additional items I listed.
ovrszd
Epic Contributor
- Joined
- May 27, 2006
- Messages
- 33,727
- Location
- Missouri
- Tractor
- Kubota M9540, Ford 3910FWD, Ford 555A, JD2210
Last February I lost my shop due to fire. It was a very expensive lesson in Insurance. I have Shelter Insurance. Didn't have a specific policy on my Kubota B2910 or JD455. My Personal Property coverage was Replacement value. It paid for my two tractors only because their primary use was to maintain the property. It would not have covered them if their use was agricultural. For that I would have had to cover them individually. I'm sure my coverage would not apply off property.
I replaced the Kubota with an L4400. I bought individual coverage on that tractor that includes hauling off property which I frequently do, sorry I don't know the specifics of my coverage and cost, talk to your agent. I left the JD2210 on the personal property coverage because it rarely if ever leaves my dwelling property.
I suggest to anyone, read your Insurance Policy from front to back. Hilight any issues you don't understand and then visit your agent.
An example would be that my Personal Property coverage had a cap of $500 on Motorized Vehicle Parts and Accessories. I had $15K of Jeep parts in my shop that I received $500 for.
Another issue is on Motorized Vehicle coverage. There's a cap of $5K on added accessories. I had a $40K Jeep that I got $24K for.
Read your policies, talk to your agent, nail down all details. Might save you the $40K loss that I suffered.
I replaced the Kubota with an L4400. I bought individual coverage on that tractor that includes hauling off property which I frequently do, sorry I don't know the specifics of my coverage and cost, talk to your agent. I left the JD2210 on the personal property coverage because it rarely if ever leaves my dwelling property.
I suggest to anyone, read your Insurance Policy from front to back. Hilight any issues you don't understand and then visit your agent.
An example would be that my Personal Property coverage had a cap of $500 on Motorized Vehicle Parts and Accessories. I had $15K of Jeep parts in my shop that I received $500 for.
Another issue is on Motorized Vehicle coverage. There's a cap of $5K on added accessories. I had a $40K Jeep that I got $24K for.
Read your policies, talk to your agent, nail down all details. Might save you the $40K loss that I suffered.
ovrszd
Epic Contributor
- Joined
- May 27, 2006
- Messages
- 33,727
- Location
- Missouri
- Tractor
- Kubota M9540, Ford 3910FWD, Ford 555A, JD2210
That's odd..... How would a farmer cover his equipment if he had more than one tract of land?? Maybe talk to a local farmer that falls in that category?? Let us know what you find out. I know there are a lot of underinsured operators on this website.
drilladvisor
New member
- Joined
- Aug 18, 2009
- Messages
- 11
I spoke to my homeowners insurance and they only cover up to $5000. Obviously that won't replace my 3032e and I have been having problems with theft latly so I need to get it covered ASAP. I haven't checked but I assume the John Deere insurance only pays off the balance of my loan if it's stolen
There's an excellent coverage plan from a Kubota-affiliated insurance agency (KTAC) that's not unreasonable and covers most non-commercial situations on-premises and off. Don't know if it's only for Kubota-brand equipment, but I wouldn't be surprised if other makes have a similar program also.
