Security & Theft Tractor insurance?

[nike]

I had it added to my house insurance...Fire and Theft plus, liability insurance (just in case I hit someone when I am out on the road..

 

[rustedduck]

Got a seperate maine policy on mine from my insurance broker.
Quite reasonable.

 

[andrec999]

I would recommend a farm insurance company as they know what tractor insurance is . The local broker in rural areas is the best person to talk to.
The dealers insurance does not cover liability and that is very important specially with a tractor, just think of a kid getting to close to a pto or snowblower.
On top and above the basic coverage, an umbrella personal policy is a very good idea.
We have worked very hard to have what we do, it would be a shame to lose it all for a 200. policy.

 

[grnspot110]

I have my JD 790 insured through State Farm, separate policy. Agent has farms & equipment, so he probably knows what policy to use!

I do haul mine to the farm quite a bit, so it needed to be separate from my homeowners. ~~ grnspot110

 

[Diamondpilot]

I have it covered under my Home Owners/Small Farm Policy. I am covered for theft, fire, natural disasters, ect. If I am trailer it I am covered via my auto policy for liability only.

Chris

 

[QRTRHRS]

Can I buy some kind of insurance for my tractor like auto insurance? For what I paid I would like some piece of mind should something happen. Thanks for your replies.

You may wish to check with these folks. I had an umbrella policy with them that covered my house, the barn's, our horse operation, equipment, supplies, but my not wife's Explorer. My Dodge though used for both farm and personal use at the time cost about 275 a year for complete coverage with 250 deductable. One possible drawback is that they require every piece of farm equipment on or off road to be listed though the cost was again, minimal. It has been three years since I dropped them only due to relocation outside of their coverage area so things may have changed.

 

[jk96]

You might keep in mind the need for liability policy as well if ever working off of your own property. Mine is insured through American Family as an individual policy for around $450/yr. This includes replacement, damage, theft, etc and also includes liability, medical, etc similar to a car policy. I could have gone through CNH for half the price but would have only covered replacement, not liability.

 

[andrec999]

Homeowner policies have a limit of coverage, something to check very closely, mine is 5000.$, it is ok for my riding lawnmower, but not for my tractor.
Also a limit on H.P. on liability section.
Dont assume it's covered ,check your policy under "special limit" section.

 

[tsterkel]

Homeowner policies have a limit of coverage, something to check very closely, mine is 5000.$, it is ok for my riding lawnmower, but not for my tractor.
Also a limit on H.P. on liability section.
Dont assume it's covered ,check your policy under "special limit" section.

Here is the Texas/State Farm answer, direct from the company:
"Dear ,
Your Homeowner policy provides coverage for your tractor on the homeowner policy in the same way it would cover a riding lawn mower as long as it is used solely to service your insured location. It is covered on your premises only, personal use only, any loss to it is subject to regular Homeowner deductible ($yyyy for wind and hail losses and $xxxx for all other covered losses) and covered for the same perils as the Homeowner policy provides. There are exclusions if it is used for farm or business or off premises.
Thanks,
"
Ok, my take is that I am fine. But, due to possible insurance company/state variations, each person has to get a clear, unambiguous statement from your insurance underwriter.
hope this helps!