Tractor Insurance

[Nissan197]

My tractor is covered under my homeowners. I always check rates every couple of years to keep them honest. Have been with State Farm and Safeco for autos/residence. Had Progressive for autos for several years until they hiked their rates for unknown reasons. Still with Safeco.

 

[kenstrac]

I had State Farm for a long time and I thought they were getting a little pricey,So I went shopping and found I could do better with an independent dealer so I switched the house,3 cars 2 farm trucks 2 motorcycle's and 2 farm tractors this was fine for 2 years came time for renewal and I noticed my inland marine policy was not on the yearly invoice so I called the person that sold me the policy and asked him if they had made a mistake in the billing.He informed me that the ins.carrier for the inland policy had gone under 8 months ago I was never notified and was travelling the roads doing haying in 4 towns putting on about 150 miles without insurance in that time frame.
I told him to take his insurance and put it (you know where) and went back to State Farm so watch out where you get your inland policy from!

 

[DonWorrell]

I am with Farm Bureau. My premium is 1% of value. My tractor cost me $8950 so my insurance cost $89.50.

Don

 

[RPW]

Mine is covered under my homeowners while on my property. If in transit it's covered under my auto policy.

 

[nap61]

RPW,
I would ask your agent to put that in writing. Most auto policies will only cover liability on any attached unit (trailer, tractor, etc.). In other words, if your tractor gets loose and causes damages/injury, your auto policy will cover the other party's damage/injury but not the damage to your tractor.

Norm

 

[LBrown59]

Mine is covered under my homeowners while on my property. If in transit it's covered under my auto policy.

But it may not be covered for liability in either case.

 

[buck12]

RPW,
I would ask your agent to put that in writing. Most auto policies will only cover liability on any attached unit (trailer, tractor, etc.). In other words, if your tractor gets loose and causes damages/injury, your auto policy will cover the other party's damage/injury but not the damage to your tractor.

Norm

That is exactly what my agent told me. I added a rider policy for $109.00 that covers the tractor anytime its away from home including theft.

 

[Carykong]

you may have coverage during transit with your car/truck insurance.

 

[BruceWard]

I notice there is no liability coverage is that correct ?

That is correct. My KTAC insurance does not cover liability.

 

[aczlan]

BTW the company I have is WAYNE COOPERATIVE INSURANCE, in Clyde NY, I believe its a farmers coop. company.
So get covered, even if you don't plan to use it off your property, get protected.

Ah, Wayne Coop, have you had a claim with them??

Back in 1995 my parents had 5 outbuildings burn to the ground (including Dad's shop full of tools that he had collected since he was a teenager) and Wayne Coop fought tooth and nail to not have to pay the claim. "Why did you have 8 pairs of vise grips?" (in a shop) was typical of the objections they had to the claim. Then they claimed that we were making up things (like the snowblower for the bolens tractor, the remains of which were clearly visible) or the horse drawn grain drill (the remains of which were also clearly visible)

IIRC they paid about 1/2 of the replacement cost of what was lost (on a "replacement cost" policy), the state ins comission wouldn't do anything "because there were disputes as to whether or not everything we claimed was actually lost in the fire".

This is after Mom and Dad made a spreadsheet with everything that was lost and the replacement cost (including sources to replace them).

There was another person we know in Butler who had his shop burn down about a month before ours did and he got the same BS from them (and also got about half of the replacement cost from his "replacement cost" policy).

YMMV (and they may have changed since 1995/1996) but that was my parents experience with them.

Aaron Z

 

[RPW]

I'd have to go back and check the limits but the way it was explained to me is that (keep in mind that my homeowners and auto are with the same company) usage of my tractor for maintenance of my primary residence is covered under my homeowners and when transporting it to my other property is covered under my auto (I do have full coverage). But nap61 you're correct I should make sure it's in writing.

 

[LBrown59]

This sounds odd or suspectious to me .

Ah, Wayne Coop, have you had a claim with them??

Back in 1995 my parents had *5 outbuildings burn to the ground (including Dad's shop full of tools that he had collected since he was a teenager) and Wayne Coop fought tooth and nail to not have to pay the claim. "Why did you have 8 pairs of vise grips?" (in a shop) was typical of the objections they had to the claim. Then they claimed that we were making up things (like the snowblower for the bolens tractor, the remains of which were clearly visible) or the horse drawn grain drill (the remains of which were also clearly visible)

IIRC they paid about 1/2 of the replacement cost of what was lost (on a "replacement cost" policy), the state ins comission wouldn't do anything "because there were disputes as to whether or not everything we claimed was actually lost in the fire".

This is after Mom and Dad made a spreadsheet with everything that was lost and the replacement cost (including sources to replace them).

There was another person we know in Butler who had his shop burn down about a month before ours did and he got the same BS from them (and also got about half of the replacement cost from his "replacement cost" policy).

YMMV (and they may have changed since 1995/1996) but that was my parents experience with them.

Aaron Z

 

[aczlan]

This sounds odd or suspectious to me .

The fire marshal determined that it was started from burn barrel, there was trash that had been rained on and someone put new trash on top of it and burned it, he said that it appeared that a piece of trash flew out and lit the loose hay in one barn on fire and the rest went from there. Three of the barns were almost touching and the milkhouse and the other barn that burned were less than 50 feet away (and were downwind from the burning barns). The fire department had an unheard of 5 minute response time (they are 3-4 mins from the house) and they were barely able to save the house and one barn. There ended up being 5 fire departments who responded to the fire and the smoke was visible 5-10 miles away.

Aaron Z