jmf7112001
Silver Member
I have been reading these chats for sometime and have learned a lots by just listen. I guess it time for me to speake up. From what I'm reading I believe there is several out there that buys and sell tractors. Its a hobby with me. I'm retired and have income to live, but I enjoy making a buy and resaleing and seeing somebody made happy. My question is Where does this become a business in the insurance company world? Do I need business insurance? I'm sure if I ask my agent he say "Yes" Because it more money for him. I sure this is a fine line in the insurance field. If I sell one or two tractor a year is it a business? If I sell 15 a year is it a business? I can buy and sell from a garage sale and its not a business. I bought several lawn mowers and resold them, Is this a business? I bought and sold 3 houses in a year, but they were mine. I didn't need real estate license. If some of you guys who buy and sell would post the name of your insurance agent I would appreciate it. I got a quote from one company the other day of $6,000 per year. I sure they just didn't want to write a small business insurance. Help - Help