With State Farm it is covered but it's covered for the amount that your house is. If your house and tractor where both taken out at the same time you would have to have your coverage for the amount of both.
insuring my tractor
- Thread starter smokeys427
- Start date
- Views: 8999
Lots of blanket statements about coverage here. Call your agents!
I called mine when I was buying the tractor and asked about what sort of policy I'd need to get coverage in various situations. She answered most of the questions right there and had to call me back for some of it, but by the end I was able to understand what my options where, what each of them would cost, and what would be covered depending on what I chose.
Basically, you need to decide if you just want coverage for theft/fire. If you want it covered for other sorts of damage (roll it over or drop a tree on it?) while it's on your property, whether it's covered on/in your trailer, and whether you need coverage to run it over to a neighbor or friend's house. There's also liability to consider.
That's all assuming you are using it for "personal use." If you're going to take a check from somebody that pays you more than your expenses to run the tractor, then you need a whole different tier of insurance.
I called mine when I was buying the tractor and asked about what sort of policy I'd need to get coverage in various situations. She answered most of the questions right there and had to call me back for some of it, but by the end I was able to understand what my options where, what each of them would cost, and what would be covered depending on what I chose.
Basically, you need to decide if you just want coverage for theft/fire. If you want it covered for other sorts of damage (roll it over or drop a tree on it?) while it's on your property, whether it's covered on/in your trailer, and whether you need coverage to run it over to a neighbor or friend's house. There's also liability to consider.
That's all assuming you are using it for "personal use." If you're going to take a check from somebody that pays you more than your expenses to run the tractor, then you need a whole different tier of insurance.
jel1988
Gold Member
- Joined
- Feb 3, 2014
- Messages
- 316
- Location
- Elliot Lake, ON
- Tractor
- 2012 Mahindra Max 22, John Deere D120
I'm insured through Agri Credit, they add it to the tractor payment, roughly $15 a month. Includes liability and loss (not restricted to my property).
HEC
Veteran Member
I contacted CNH insurance and it was $ 198 for $25,000 coverage, $ 500 deductible , for 1 yr. for my B2650hsdc , does not include any maintenance, just physical damage from fire, theft, storms etc. etc. .
They would not cover it under my home owners , needed separate policy . I should switch over to state farm.
They would not cover it under my home owners , needed separate policy . I should switch over to state farm.
George2615
Super Member
If you don't leave your property your homeowners ins. will cover it. I do transport my tractor to other properties so I also went with CNH. Full coverage anywhere I go and reasonable. Also covers implements.
DK35vince
Super Member
No all do.
My home owners does not..
George2615
Super Member
I checked with my homeowners first and they would cover my tractor for theft, damage, etc. but once I left the property, NO coverage. That means if I go down the road to plow my neighbors driveway I'm not covered. My CNH policy (thru Inland Marine) does cover my tractor anywhere I go. Just figured other homeowner policies would be similar maybe by adding a rider. If I chose not to leave my property I could have added the tractor to personal property (sometimes called contents) according to my agent. They did say if I backed out in the road to plow my driveway and was hit by a car they would not cover. So CNH was my best choice.
DK35vince
Super Member
My homeowners will cover 1 lawn mower for up to $5,000. That's it.
So I went with an Inland Marine policy that covers the tractor and attachments on or off my property ( can not be used to make $$)
MinnesotaEric
Super Member
I have an inland marine policy covering $65K of equipment on a five year option contract from CNH insurance.
I want to say that I'm paying just over $1800 on the five years.
I want to say that I'm paying just over $1800 on the five years.
Buggs67
Veteran Member
I had some large tree branches fall on my Jeep and tractor in a recent storm. The Jeep was damaged, the tractor was not. My homeowners insurance agent (State Farm) said my Jeep wasn't covered (car insurance comprehensive would cover that) but damage to the tractor would have been.