Recycling parts from a burned tractor

[jimglassford]

Just looking at the picture, that was a hot fire and there probably will not be much that could be salvaged. Heat alters the metallurgy and weakens the structure. I would not trust the loader arms to carry the same weight. Also, for some reason, once metal has been through a fire, it does not hold paint the same way. I do not know this based on my experience, an automotive body shop told me this. The rims, transmission casing and engine castings have the same issue as the loader arms. Nobody buys used pistons so you have connecting rods and a crank shaft you could probably sell if you want to spend a few days taking the engine apart. If the transmission is hydrostatic, it is worthless. Scrap metal prices are so low right now that you cannot even haul it to a scrap yard. I would give it to the insurance company and let them sell it to a salvage yard.

 

[ovrszd]

My insurance company gave me everything. I then had the scrap yard come and get it all. Got a couple thousand dollars for everything.

 

[bcp]

Know anyone who wants a snow bucket on their truck?

FARM SHOW Magazine

Bruce

 

[jimglassford]

My insurance company gave me everything. I then had the scrap yard come and get it all. Got a couple thousand dollars for everything.

I hope they did not depreciate the tractor too much. Could you prove it had low hours and were you happy with the settlement?

I would be curious on how the salvage yard will advertise and part out the tractor. There is a local tractor dealer here that was advertising a Kioti DK55 that was in a fire. The Kioti had plastic fenders and a fiberglass hood do it looked worse than your Kubota. The dealer was asking $3,500 as a parts tractor. They had it on Craigslist for about 6 months before it was gone. I wonder if someone purchased it thinking it was rebuildable or was it sold to a salvage yard.

 

[fried1765]

I hope they did not depreciate the tractor too much. Could you prove it had low hours and were you happy with the settlement?

I would be curious on how the salvage yard will advertise and part out the tractor. There is a local tractor dealer here that was advertising a Kioti DK55 that was in a fire. The Kioti had plastic fenders and a fiberglass hood do it looked worse than your Kubota. The dealer was asking $3,500 as a parts tractor. They had it on Craigslist for about 6 months before it was gone. I wonder if someone purchased it thinking it was rebuildable or was it sold to a salvage yard.

As a homeowner, and with replacement value coverage, there should be no depreciation of any personal property.
Replacement value coverage will cover the cost of replacement!
Replacement,...... no matter what the cost, of the original item (or practically speaking, the modern equivalent).

 

[Fuddy1952]

As a homeowner, and with replacement value coverage, there should be no depreciation of any personal property.
Replacement value coverage will cover the cost of replacement!
Replacement,...... no matter what the cost, of the original item (or practically speaking, the modern equivalent).

Good point. Everyone should check their insurance coverage carefully. Their agent can explain in a few minutes without reading all the paperwork.
A friend is a landscaper. One trailer was emptied one night. His insurance company paid him $2K (depreciation) and it cost him well over $30K to replace what was stolen.

 

[jimglassford]

As a homeowner, and with replacement value coverage, there should be no depreciation of any personal property.
Replacement value coverage will cover the cost of replacement!
Replacement,...... no matter what the cost, of the original item (or practically speaking, the modern equivalent).

I am not sure you get to buy a new item and the insurance company will cover it. I believe the replacement value of a used tractor is the cost of an equivalent used tractor. If I had an old Ford 8N and the barn burned down, I would be surprised if the insurance company would foot the bill for a New Holland 26 Hp tractor.

I had a theft one time and the insurance replaced the hand tools one for one but the power tools and the notebook computer were depreciated. I did have replacement value coverage but that is how the insurance company interpreted replacement. As Fuddy1952 points out, we should know before we need to use it.

 

[ovrszd]

I hope they did not depreciate the tractor too much. Could you prove it had low hours and were you happy with the settlement?

I would be curious on how the salvage yard will advertise and part out the tractor. There is a local tractor dealer here that was advertising a Kioti DK55 that was in a fire. The Kioti had plastic fenders and a fiberglass hood do it looked worse than your Kubota. The dealer was asking $3,500 as a parts tractor. They had it on Craigslist for about 6 months before it was gone. I wonder if someone purchased it thinking it was rebuildable or was it sold to a salvage yard.

Sorry, I think you are talking to the wrong person. I'm not the OP.

In my case I had replacement insurance. They paid me the cost of replacement and then asked if I wanted the remains. I said yes, and sold it all to the scrap yard.

I don't know if the Op is in a similar situation.

 

[ovrszd]

I am not sure you get to buy a new item and the insurance company will cover it. I believe the replacement value of a used tractor is the cost of an equivalent used tractor. If I had an old Ford 8N and the barn burned down, I would be surprised if the insurance company would foot the bill for a New Holland 26 Hp tractor.

I had a theft one time and the insurance replaced the hand tools one for one but the power tools and the notebook computer were depreciated. I did have replacement value coverage but that is how the insurance company interpreted replacement. As Fuddy1952 points out, we should know before we need to use it.

I'm trying to think of a good example in my case.....

Although this isn't a tractor, it will give you an example of "replacement coverage". I built a 3pt log splitter that was lost in the fire. I estimated it's value at $1,500. That was what I had in it. The insurance person called me and asked how many ton it was? I calculated it at 42T. Based on cylinder size, hydraulic pressure, etc. They called me back and said the only 40T splitter they could find was trailer mounted, would that be alright? I said fine. They gave me $6,975 for a replacement. We purchased that splitter.

Replacement insurance pays to replace the item lost, regardless of original cost.

Tryin to post pics, but my connection isn't cooperating......

If you don't have an understanding of "replacement" insurance I suggest you contact your agent and inquire. I will have nothing else.

 

[fried1765]

I am not sure you get to buy a new item and the insurance company will cover it. I believe the replacement value of a used tractor is the cost of an equivalent used tractor. If I had an old Ford 8N and the barn burned down, I would be surprised if the insurance company would foot the bill for a New Holland 26 Hp tractor.

I had a theft one time and the insurance replaced the hand tools one for one but the power tools and the notebook computer were depreciated. I did have replacement value coverage but that is how the insurance company interpreted replacement. As Fuddy1952 points out, we should know before we need to use it.

Well....my experience was not as you postulate.

10 year old Miller welder equaled a new Miller welder.....pretty much my choice.
20 year old Onan generator equaled new similar generator (I bought a 6500W Honda, water cooled, electric start).
10 year old 2 post garage lift equaled a new 2 post garage lift of my choice.
25 year old 7.6 Gravely walk behind equaled a new Gravely 12 Pro.
And .......so it went.
Everything I lost was replaced, (or I was paid replacement cost) and I got to determine what the equivalent replacement was.

The fire itself was a horrible experience, but there was no financial pain.
I refused final settlement for 11 months, and kept a notepad by my bed, for when I remembered items that were lost.