Tractor Insurance

   / Tractor Insurance #61  
I have pretty much same coverage as KTAC for a fraction of the cost.. But I paid cash for my tractor so wasn't forced to KTAC.
Ktac for me is like $500 a year.
I dont remember the exact number that it would have been from state farm to raise my auto to full coverage and to insure two additional properties as they wanted but I know that I could have bought a whole spare tractor for what the monthly insurance payments would have been , and had some left over.
 
   / Tractor Insurance #62  
Ktac for me is like $500 a year.
I dont remember the exact number that it would have been from state farm to raise my auto to full coverage and to insure two additional properties as they wanted but I know that I could have bought a whole spare tractor for what the monthly insurance payments would have been , and had some left over.
Yeah sounds as if it made sense in your situation.
 
   / Tractor Insurance #63  
I could have bought a whole spare tractor for what the monthly insurance payments would have been , and had some left over.
Insurance is a net-losing scenario, proved-out by the mere fact that insurance companies are for-profit entities. It makes sense to insure the things you cannot do without, and cannot replace otherwise, but nothing else.

Personally, I can afford to just pay cash for a replacement tractor. It would suck, I wouldn't be thrilled about it, but it won't make me homeless. Other than liability ($millions), I treat everything this way... only insure it if you (a) can't live without it, and (b) can't afford to replace it on your own.

I have my tractor insured thru my homeowners, since it basically costs me nothing. But I won't be buying a special policy for it, and losing a few thousand dollars on that over 20 years, on the off-chance I might have some small chance at an opportunity to fight an insurance company for a pay-out on it someday.
 

Tractor & Equipment Auctions

John Deere 5115M (A50120)
John Deere 5115M...
2013 PETERBILT 367 (A52472)
2013 PETERBILT 367...
Skid steer auger plate (A50322)
Skid steer auger...
2014 Kubota M8560 (A50120)
2014 Kubota M8560...
2021 International HV507 12ft Dump Truck (A51692)
2021 International...
2017 Nissan Pathfinder SUV (A50324)
2017 Nissan...
 
Top