Insurance Tractor Insurance question

[Double6]

When I got my tractor I insured it with the same company as the rest of my vehicles/ home etc. I have Farmer's Insurance.
The problem they are telling me is that it is only insured when it is on my property. If I haul it to my Dad's place to help him out they are telling me its not insured if something were to happen at his place such as fire, theft, vandalism etc.
They are also telling me when I haul it on the trailer to the dealer for any work or to my Dad's place I'm not covered.
I'm not a commercial business.
What are any of you doing so your covered with insurance in these circumstances?
Thanks!

 

[Stonehaller]

It sounds like it is just covered under the personal property coverage of your home owners insurance. This generally the cheapest coverage, but like your agent says it is only covered on your property. Think of a piece of furniture. If someone breaks in your house and steals your chair you are covered. But if your chair falls off your trailer when you are hauling it down the road, your home owners is not going to cover it. You can usually add a rider specifically for the tractor where you tell them how much the tractor is worth and then you pay accordingly. You will pay more for this coverage but it will cover it on and off your property. If you regularly use the tractor off your property, you should consider the additional coverage.

 

[LBrown59]

When I got my tractor I insured it with the same company as the rest of my vehicles/ home etc. I have Farmer's Insurance.
The problem they are telling me is that
*it is only insured when it is on my property.
If I haul it to my Dad's place to help him out they are telling me its not insured if something were to happen at his place such as fire, theft, vandalism etc.
They are also telling me when I haul it on the trailer to the dealer for any work or to my Dad's place I'm not covered.
I'm not a commercial business.
*What are any of you doing so your covered with insurance in these circumstances?
Thanks!

Most polices work that way.
Mine is on my home owners policy and only covers when the tractor is on my property.
*You have to add them to your policy and pay an extra premium for such coverages.

 

[gordyy]

I bought the inland marine (I think that is what it is) was about $300 I believe for a year on mine
after all according to the homeowners policy you get out the drive onto the city or county road somebody hits you or you hit somebody or something you are not covered
cheap for the piece of mind

 

[JANDG]

Ironically, I was talking to Farmers yesterday about same subject. I assumed my JD tractor was covered for a tree smashing thru my shed/ shop,as it is surrounded by 150'+trees, they said no & everything else including my 7-10k ZTR lawn mower was covered as they are property maintance items. I argued that the tractor is #1 in maintance & that is what it is for. Did not matter & would have to add it. Then I remebered I had insurance thru JD. Called them & the insurance department told me it didn't matter what happened to my tractor or were it happed at , it was covered in full. Even told me it could fly off the trailer in transport & all would be fine. I explained a tree cutting it in half scene & he laughed & said not to worry & to skip adding tractor to home owners. I suspect your JD is payed for & you need the added insurance on your homeowners. If not.... you are covered nicely thru JD.
Joe

 

[Double6]

Thank you all for the input, I will look into the rider option for the tractor.

Its ironic, insurance companies with names such as Farmers, State Farm, etc. started their existence many years ago insuring farms & or farm equipment and now make it hard for non-farm people who own a tractor to get the coverage needed.

 

[crbr]

Same stuff here. Home Owner's rider guaranteed to cover it all. I don't believe it regardless just because they say so. Each to their own....

Called Kubota insurance last Monday, they had me right there in their database as a tractor owner. I ask questions, they put it in writing...full, full, fuller, and fullest coverage for $120 per year. I paid by debit right then, got my policy in the mail on Friday. Done deal. Covered and no questions in my mind anout home owners' coverage.

 

[bp fick]

This topic of insurance comes up often.

I also added a rider to my homeowner's policy as the standard product was not sufficient for either my tastes nor Kubota Finance. I frankly think I would go with Kubota next year. There have been so many good reports of Kubota Insurance covering all kinds of situations that my home owners policy would never cover, such as extended repairs, etc. I don't think I saved enough money with my local agent to have passed up on the added benefits of Kubota Insurance, FWIW. Still mulling it over.

 

[NH-Rob]

I have the kubota ins and while I think it is great ins for the tractor it does nothing for me if I hit somebody else or do damage to something. If trailering and it falls off the tractor is covered but if a car smacks into it when it comes off the trailer I would be screwed.
Rob

 

[wampum]

I have Nationwide,and last week finally got a reply that my Tractor is not covered under the home owners, off of my property. They want 900.00 a year to up grade my tractor to commercial. I use to be covered under a farm policy,but went to home owners after I retired because of expense.

 

[rambler]

They are also telling me when I haul it on the trailer to the dealer for any work or to my Dad's place I'm not covered.

Anyone remember the long discussion a year or 2 ago here on these forums, where it also needs _your_ coverage at the dealer's lot as well? We were told the dealers do not have coverage on the machines they are working on.

--->Paul

 

[Bear Foot Farm]

If not.... you are covered nicely thru JD.

Does that cover replacement costs for YOU, or does it just pay off what you still owe to THEM?

 

[N80]

I have a rider on my homeowners. Covers theft and damage from weather, etc. Got a flier in the mail about horse and farm insurance. I contacted them and they offer the equivalent of an inland marine policy (which I have not been able to find anywhere!) but they want $600 a year! I feel like that is too much.

I almost never tow my tractor anywhere but hate to do it with no coverage. Otherwise it never really leaves my property. Seems like $600 a year is a bit much when I might tow it once every three years.

I guess I'll just stick with my homeowners.

Here's the irony. If I'd have been sticking $600 in the bank every year since I bought it, I'd have $3000 already saved up in addition to what homeowners and auto would cover. For a tractor worth maybe $16,000 just saving up your own insurance seems like a better option than an expensive policy. But then who of us could keep our hands off the money we were saving for insurance? Not me!

 

[beckmurph]

If trailering and it falls off the tractor is covered but if a car smacks into it when it comes off the trailer I would be screwed. Rob

With Nationwide, my agent explained to me that when towing, your auto coverage is extended to what you are pulling. Such as liabilty ins for your tractor if it falls off your trailer and hits another vehicle.

 

[N80]

I'm pretty sure that's what USAA says as well, but it only covers a nominal amount on the load (the tractor) that you are pulling. So you may be okay on liability but you won't get anything on the tractor itself.

 

[wampum]

Tractor coverage at Nationwide was $175.00 a year. The rest,or liability was $725.00 a year. Liability is the sticker,if you are on the road and cause an accident,you are in a world of hurt,with out insurance. Say you go to a friends house and unload,if you have to unload on a street you cause an accident you have a problem. Now you are off the road and working on the friends property,any damage you cause(backing into a visitors car,causing physical damage to some one) you are up the creek with out a paddle. If I understand the Kubota insurance,it only covers replacement of the tractor,liability is not covered. At least thats what the local Kubota dealer told me,please correct me if I am wrong. The other day I was plowing my daughters drive way,(she has 5 acres beside me I gave her) her sister in laws van was stuck in the drive way. If I would have slid into the van or did damage to it,I would have been liable. Just some things to think about.

 

[NH-Rob]

With Nationwide, my agent explained to me that when towing, your auto coverage is extended to what you are pulling. Such as liabilty ins for your tractor if it falls off your trailer and hits another vehicle.

What my agent told me is that I would need seperate coverage for the trailer. It seems to me that you never get done buying ins. always something else that needs it.
Rob

 

[greasemonkeyok]

"but they want $600 a year!" If you move the tractor infrequently, it would be cheaper to hire someone to move it for you.

 

[Ironhand]

Lots of misunderstood insurance concepts out there. Handling claims is what I do for a living. I would strongly urge you to speak with someone at your insurer's claims department and read your entire policy. Unfortunately, many agents provide incorrect advice about coverage.

Many if not most homeowner policies provide coverage for your personal property (which your tractor is...) worldwide. There are coverage limits for items if used for business, and may be limitations for which perils (fire, vehicle damage, theft, etc) are covered if the tractor is away from your home.