I have a small tractor that is registered in NH, i want to be able to go on the road occasionally and homeowners will not cover if it is registered... seems strange to me. Anyone recommend an insurance co that might cover the liabilty angle. Im not contracting out..just want coverage if i get in an accident. Physical damage insurance is covered by the tractor mfg. thanks for any advice...
Insurance need liability insurance
- Thread starter gravelman
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Sprinklerman
Platinum Member
Erie insurance , you are now a landscaper
daugen
Epic Contributor
if you don't accept money for hire, or technically goods or services in compensation, you aren't commercial and your liability is minimal.
Yes, once your tractor leaves home premises your homeowner coverage falls off. Usually....Some companies have added benefits riders that cover this, and sorry
can't tell you the names in your area. I'm assuming due to Kubota finance you are covered the same way I am, full coverage for damage to the tractor. But NOT, for sure, bodily injury
or property damage to others. (i'm a retired insurance underwriter...)
Foremost or Progressive might be able to write an inexpensive liability policy for you. I have one with Foremost covering my UTV and golf cart for just this purpose, and then my umbrella liability picks up after that.
First you should ask if your existing homeowners can add the coverage by rider. Am assuming you've been told no there, so most agents have access to Foremost or Progressive. Erie is good too but often wants all your business along with the "little stuff".
You bring up a good question. My small farm has road frontage on two roads. I have to travel the public roads when the fields are planted, can't cut through to the other side.
So with all my lights on and flashers flashing I head off.
But if some yahoo high on something runs into the back of me, I just know it will be my fault. Or so says the plaintiff attorney to my insurance company.
Once you take penny one for your work, your liability world changes, but you said you weren't contracting out. With your first penny you are, as Sprinkerman said, a landscaper.
hope this helps
Yes, once your tractor leaves home premises your homeowner coverage falls off. Usually....Some companies have added benefits riders that cover this, and sorry
can't tell you the names in your area. I'm assuming due to Kubota finance you are covered the same way I am, full coverage for damage to the tractor. But NOT, for sure, bodily injury
or property damage to others. (i'm a retired insurance underwriter...)
Foremost or Progressive might be able to write an inexpensive liability policy for you. I have one with Foremost covering my UTV and golf cart for just this purpose, and then my umbrella liability picks up after that.
First you should ask if your existing homeowners can add the coverage by rider. Am assuming you've been told no there, so most agents have access to Foremost or Progressive. Erie is good too but often wants all your business along with the "little stuff".
You bring up a good question. My small farm has road frontage on two roads. I have to travel the public roads when the fields are planted, can't cut through to the other side.
So with all my lights on and flashers flashing I head off.
But if some yahoo high on something runs into the back of me, I just know it will be my fault. Or so says the plaintiff attorney to my insurance company.
Once you take penny one for your work, your liability world changes, but you said you weren't contracting out. With your first penny you are, as Sprinkerman said, a landscaper.
hope this helps
daugen
Epic Contributor
for about twenty years I was an independent insurance agent in my very small home town of New Hope PA.
Had enough contracts with enough carriers that I never had to turn someone away but the casualty property insurance industry
back then was whipsawing around from profit to no profit, and often no profit. So entire regions of the country would find their carriers dropping
them like flies. Once a valued customer, now you were toxic and told to go away. Terrible way to run a business.
The industry has grown up since then, and thankfully is now highly regulated with lots of oversight and consumer protections built in.
My personal feeling is backhoes ruined it all. Too many people blowing up houses and whole neighborhoods when gas lines were hit,
power lines, you name it, Harry Homeowner will hit it. All you guys with your little backhoes digging all over the place...
Call before you dig. For what? Pizza?
I kept current in insurance claims for thirty years, and paid claims for almost twenty.
Amazing what kind of excitement folks can get into...
and if you have assets you want to hold on to, yes you'd better be insured.
Had enough contracts with enough carriers that I never had to turn someone away but the casualty property insurance industry
back then was whipsawing around from profit to no profit, and often no profit. So entire regions of the country would find their carriers dropping
them like flies. Once a valued customer, now you were toxic and told to go away. Terrible way to run a business.
The industry has grown up since then, and thankfully is now highly regulated with lots of oversight and consumer protections built in.
My personal feeling is backhoes ruined it all. Too many people blowing up houses and whole neighborhoods when gas lines were hit,
power lines, you name it, Harry Homeowner will hit it. All you guys with your little backhoes digging all over the place...
Call before you dig. For what? Pizza?
I kept current in insurance claims for thirty years, and paid claims for almost twenty.
Amazing what kind of excitement folks can get into...
and if you have assets you want to hold on to, yes you'd better be insured.
TheMan419
Veteran Member
We are with Nationwide (I'm from Indiana I blame Peyton Manning). My agent put me into a farm policy. Covers the home, equipment etc. Will cover my wife training horses on the property when that happens here in the next couple months.
Frankly I am not sure at this point if the policy covers the tractor when it is off property. I will look into that, but I am sure they can add that for an additional premium if not already covered.
Also I have a $1M umbrella with them that would kick in as well if I damage anything with the tractor.
NOTE I do not do any work for others with the tractor. The only time it is off my property is when I am snow plowing at the end of the driveway or if I bush hog the front part of the property.
I am also sure that Nationwide would have a policy to cover me if I were doing work for hire, again for an additional premium.
I would look for a local independent insurance agent that does farm work. They will know what policy you need and be able to shop it. You will get better results if you are also willing to change your home and auto over to the new company as well.
Frankly I am not sure at this point if the policy covers the tractor when it is off property. I will look into that, but I am sure they can add that for an additional premium if not already covered.
Also I have a $1M umbrella with them that would kick in as well if I damage anything with the tractor.
NOTE I do not do any work for others with the tractor. The only time it is off my property is when I am snow plowing at the end of the driveway or if I bush hog the front part of the property.
I am also sure that Nationwide would have a policy to cover me if I were doing work for hire, again for an additional premium.
I would look for a local independent insurance agent that does farm work. They will know what policy you need and be able to shop it. You will get better results if you are also willing to change your home and auto over to the new company as well.
this is great information, i m getting an education...never too old to learn stuff...thats what i say I had a "contractors" policy before and it was costing me a fortune...i was told that is all i could get.. i don't think so. im calling a local agent this am.
