Tractor insurance- I'm not covered by homeowners...

[minner]

Yep I let Agco carry my policy on my MF. For $12mo they cover almost everything which is half the cost of what Nationwide wanted.

 

[ajd187]

I called State Farm about this since I'm buying a Deere 1025R, and wanted to know if it was covered. The agent said it'd be covered for everything but a rollover. It's financed, so Deere needs full coverage until it's not. So I went with the Deere policy which is ~$3/month.

 

[adirondackmtnman]

I called State Farm about this since I'm buying a Deere 1025R, and wanted to know if it was covered. The agent said it'd be covered for everything but a rollover. It's financed, so Deere needs full coverage until it's not. So I went with the Deere policy which is ~$3/month.

I could be wrong, but the way it was explained to me, the Deere coverage is only to cover the loan, not a loss on the equipment...i.e. if it's destroyed in a fire, they'll pay off the debt, but not pay for repairs/replacement...

Sent from my LGL35G using TractorByNet

 

[ajd187]

I could be wrong, but the way it was explained to me, the Deere coverage is only to cover the loan, not a loss on the equipment...i.e. if it's destroyed in a fire, they'll pay off the debt, but not pay for repairs/replacement...

Sent from my LGL35G using TractorByNet

That could be. I think my homeowner's would cover the rest though.

 

[bigbull338]

we have a farm ins policy.so it was no trouble to change from the mx5100hst to the 7040.the 7040 will cost $180 a year to ins.

 

[pizzaguy]

I have the KTAC insurance because I hate insurance adjusters, but my homeowners offered what they called " Grounds Maintenance Coverage " that would have covered both on and off my property and same coverage. The reason I chose the KTAC is because it was the same price and the dealer is basically the adjuster. Insurance adjusters are one notch below attorneys in my book!

 

[NWOH_Grizz]

Have State Farm here, spoke to my agent specifically about coverage when I bought the New Holland. A regular State Farm homeowners policy will cover the tractor and attachments up to the limits of the policy, less the deductible, IF -and he emphasized this- it is on my property. Take it off property, no coverage. There is a separate policy available for off-site coverage.

 

[Don87]

With my insurance(Nationwide), my tractor is covered as long as it's on my property. If it leaves my property I have 0, zilch, nada coverage on the tractor.

I neglected to mention that my policy is written for 'full replacement value' for everything except my guns........that only covers 2, not all that I own.

 

[rd_macgregor]

One policy option I had was $20k equipment coverage for about $75/yr (on top of my regular homeowner's policy). However, this option had a limit of $1000 per item. That would have been OK for some of the attachments I have, but the mower, snowblower, chipper and hydraulic PHD would only get partial coverage. So, I went with coverage (after deductible) of full value of the attachments itemized in the policy.

 

[sparc]

I agree with having KTAC and have had them since 2010. They cover all of my John Deere equipment.tractor plus Polaris, barn, generator and other items. Full replacement and all perils without exception. Low price for coverage.
Jim

They wrote you a policy even though you do not have any Kubota equipment?

I was looking at the FAQ on their site but that was not asked or talked about anywhere
I could see.