USAA insurance vs KTAC?

[XSFMED18D]

Hello,
I am about to pull the trigger on a Kubota B series here in the next month and I am trying to get my ducks in a row here. I have USAA and figured that since they've been great for all of our insurance needs that they would be be great in covering the tractor as well. I am getting the impression, however, that KTAC is superior to USAA in almost every way.

KTAC will cover the tractor on my property, in transit and on property that I dont own. Additionally, KTAC has a $250 deductible and will replace at what the original purchase price. USAA will cover my property and in transit but not on others property and will only replace at the current market value at time of accident.

I guess my question is whether its worth buying KTAC vs USAA? It seems like the smart money is on financing the cost of KTAC with the cost of the tractor. Right?

Thanks,
John

 

[k0ua]

In my opinion KTAC is hard to beat for tractors. Some have claimed they have coverage just as good for less money, so it might pay to look around. I have KTAC.

 

[IslandTractor]

I have USAA for home and car but I got a lousy quote from them to cover my tractor. I used Chubb for the tractor initially and then realized that the homeowners covers most of what I was concerned about so dropped the marine policy. No clue why USAA is so bad on this type of policy. They are a great company to deal with otherwise.

 

[Midniteoyl]

Hello,
I am about to pull the trigger on a Kubota B series here in the next month and I am trying to get my ducks in a row here. I have USAA and figured that since they've been great for all of our insurance needs that they would be be great in covering the tractor as well. I am getting the impression, however, that KTAC is superior to USAA in almost every way.

KTAC will cover the tractor on my property, in transit and on property that I dont own. Additionally, KTAC has a $250 deductible and will replace at what the original purchase price. USAA will cover my property and in transit but not on others property and will only replace at the current market value at time of accident.

I guess my question is whether its worth buying KTAC vs USAA? It seems like the smart money is on financing the cost of KTAC with the cost of the tractor. Right?

Thanks,
John

Did they outsource you? I know when I tried to get insurance on the RV they sent me to 'a rep' who actually ended up being Progressive.

 

[lennyzx11]

I just got a letter from USAA that their rates were going up for everyone. I have KTAC on the tractor and USAA on all else.
Usaa quote was twice the KTAC one in Dec 2015.

 

[MessickFarmEqu]

Some have claimed they have coverage just as good for less money, so it might pay to look around. I have KTAC.

I'd be willing to bet those who have a cheaper policy do not have coverage as good as KTAC (or even coverage meeting the minimums required on the loan docs). Looking at this stuff every day, pretty much the only people who really can do better on their own are those with commercial business polices covering millions of dollars of stuff.

 

[k0ua]

I'd be willing to bet those who have a cheaper policy do not have coverage as good as KTAC (or even coverage meeting the minimums required on the loan docs). Looking at this stuff every day, pretty much the only people who really can do better on their own are those with commercial business polices covering millions of dollars of stuff.

Plus KTAC has a proven track record of paying. Many on this forum have testified where KTAC has payed on even some questionable claims. Claims that others may have disuputed.

 

[C4Ranch]

USAA covers mine on my homeowners policy as its used to "maintain " the property. Just like a lawnmower. I just increased the value of the contents of the policy.

 

[IslandTractor]

USAA covers mine on my homeowners policy as its used to "maintain " the property. Just like a lawnmower. I just increased the value of the contents of the policy.

That's what I ended up relying on too. Only downside is that I use my tractor off my property as a volunteer to help maintain a national historic site farm. Not a huge risk but not IMO worth spending another $280/yr to insure with a marine inland policy.

 

[XSFMED18D]

So I spoke with the tractor insurance guy at USAA. It would have to be a separate policy on the tractor and they would want $255/yr with a $500 deductible. Its an inland marine policy so it would cover tractor at my place, in transit and then at someone else's property if something were to occur.

I think its between KTAC and just keeping it on my homeowners/personal property policy.

BTW, I know this topic has been beat to death but as a USAA member, I have often felt the do a great job with all things financial so it was somewhat surprising to see how much better KTAC seems to be.

Thanks too all who chimed in!

 

[simeonkessler]

I just got off phone with USAA (outsourced to great american insurance)
They quoted me insurance for a 2016 L47 TLB with some implements ($54,765)
$1000 deductible
1 year = $685/year or
3 year = $1746
Both can be paid in full, yearly or bi annually. Each payment has a 3$ transaction fee.

Kubota KTAC insurance rolled into the loan ($250 deductible)
2 years: $1,364.36
3 years: $2021.54
4 years: $2678.72
5 years: $3335.90

 

[KTAC]

Don't forget one huge benefit... "Replacement Option"!

If the equipment is totaled or stolen (within first 60 months policy), you will be paid the original sales price ($54,765) minus the $250 deductible as long as you "replace" the equipment with like kind (in this case a L Series). Based on a previous post, USAA only pays a depreciated value which could be thousands of dollars less depending on how long it took for the total loss or theft to occur.

 

[rjkobbeman]

KTAC knows what they are getting into. They know what they are insuring and they know why. They know tractors, specifically Kubota tractors. They also work with the dealers. The dealers know how to work with them. KTAC knows what kind of insurance is required because they know the Kubota Credit needs. You can't get a KTAC policy that does not meets the demands of your specific loan.

Most home and auto insurance companies are "Jack of all trades" and will say whatever to make you happy. The onus is on you to make sure the policy you get is adequate. Your insurance guy has no clue about a "rear main seal going out and requiring a tractor split to fix." KTAC does.

 

[big bubba]

never filed a claim w/KTAC on my '08 M8540 but will continue the $450 annual policy because of the wide range coverage and dealer support that includes transportation w/the $250 deduct. have checked out other home owner policies, they don't come close.

 

[postalnut25]

We just purchased, and the KTAC just couldn't be beat when shopping around. In fact, the dealer made a point of discouraging the purchase of an extended warranty because the KTAC costs roughly $275-300 per year, and covers everything that the warranty does, and more. Plus the insurance can be kept long after the warranty period expires.

On that note, I used to use USAA exclusively, but as I have grown up and moved around, I found that they can be beat pretty handily. I still have my membership, but the insurance on my truck was $200 a year cheaper than they would give me when I shopped around when I added my youngest son. They also ticked me off pretty bad when a supervisor said that I couldn't remove my oldest son from my policy. He was 19 and in his own apartment, with his own truck and insurance, not through USAA.

 

[KTAC]

Postalnut25...
So there are no misunderstandings, KTAC does not cover everything a warranty does. KTAC is a property damage insurance policy which covers physical damage and theft. If you experience mechanical failure such as an engine, KTAC does not cover that but a warranty may. Speaking as a rep of KTAC, you still can't beat everything we have to offer but I don't want you to confuse the two because a dealer gave you incorrect information.

Thanks!
Brian