Insurance Finance insurance coverage question

[Catman1]

In my case, bird is correct. My insurance company told me the same. My homeowners insurance company ( State Farm ) told me it would only cover "named perils" such as fire and wind. No coverage for damage like CJ4 had or if it fell over a hillside.

They told me that coverage like that would cost $2.50 a hundred. Seemed a little pricey to me. I will check out the coverage Kubota and others provide for my new tractor that is coming.

I called Farm Bureau last week and they emailed me they would have someone call from my state but no call yet.

 

[mathey]

if you go to this link there's a lot of info on CNH insurance...

CNH Capital | INSURANCE | Physical Damage Insurance

It's unclear if coverage continues if the note is paid off early...I thought I read it was, but the brochure says "Additional coverage is available on request when your retail contract or lease agreement is paid off"

if it costs extra, then there's little point in paying it off early (if your % rate is low)

http://www.cnhcapital.com/insurance/content.aspx?page=6744403&RL=ENNAUS&navid=168