Kubota Insurance

[MachAF]

About to purchase a Kubota L3560 and finance at 0%. The dealer said $41 a month or $495 a year for KTAC insurance. Seems a little bit excessive, since he originally estimated $25 a month

Waiting on a quote from my home owners insurance.

What are you fella's paying for similar valued tractor?

Thanks

Yes I am frugal but, I'm trying not to be a cheap ***.

 

[Ortimber]

KTAC insurance likely covers more than your home owners policy. At least mine did. I take some of my equipment off of my property. Homeowners policy wouldn’t cover that w/o an additional rider.

 

[CincyFlyer]

KTAC insurance likely covers more than your home owners policy. At least mine did. I take some of my equipment off of my property. Homeowners policy wouldn’t cover that w/o an additional rider.

Exactly. My policy ends at my property line, unless I pay a few hundred bucks a year extra (depending on whether I want commercial coverage, or just "off property" for personal use.)

 

[sdquick]

When I researched, it seemed like the price for the homeowners (marine rider) policies varied by region so that some were cheaper and some more expensive than Kubota. I went with the Kubota insurance because in addition to off property coverage, the other factor that was the ability to have the Kubota dealer deal with both the repairs and insurance rather than the typical conflict between what the repair shop charges and what the insurance company wants to pay.

 

[MachAF]

I called KTAC, they told me it must insured off my property. I stated that I will never use it off my property, she went on and on about if I needed to take it to the dealer for maintenance.....

 

[kthompson]

Most likely the Kubota insurance covers better than your homeowners. Homeowners might cover as well but I expect the Kubota covers accidents damage and doubt your home owners does. HO may cover theft and say fire and might cover liability and the Kubota might not cover that.
Each company should be able to give you simple list of their coverage. This from an insurance agent and yes coverage on such varies between companies and states.

 

[scatterlandsfarms]

I bought a new tractor 2 weeks ago.. Farm bureau is my Ins 150.00 a year covers about everything

 

[seasled]

I bought a new tractor 2 weeks ago.. Farm bureau is my Ins 150.00 a year covers about everything

Without an insured value, your price is meaningless.

 

[seasled]

I bought a new tractor 2 weeks ago.. Farm bureau is my Ins 150.00 a year covers about everything

Without an insured value, your price is meaningless.

 

[scatterlandsfarms]

Without an insured value, your price is meaningless.

19500.00