TRACTOR Insurance

[CLEE1052]

All I'm located in the good o'l South Carolina. I need tractor insurance for a new LS, any recommendations, and ballpark figures?

Thanks
Chris

 

[JerryK]

It would help if you described the insurance you are looking to obtain. Fire and theft while it is on your property, damage to it while it is on your property to satisfy getting a loan, or if you are talking about any type of off property or commercial use. Also if any off site digging will be involved, etc.... On site fire/theft/damage is usually not that expensive... but it quickly goes ballistic if you are taking it off your home property.

 

[RNeumann]

Most tractors are covered by your homeowners if it’s for personal use. If that’s the case, typically it can’t leave your property. Another option is the Farm Bureau.
If you are a professional then work through your normal carrier.

 

[TractorNH]

Homeowners will typically cover the perils listed on your policy like fire, theft, vandalism but will not cover damage you do to your tractor while using it like if you roll it over. If you crash it into your house, the insurance will cover the damage to your house but not the damage to the tractor. Homeowner's also doesn't follow the tractor if it leaves your property or even if it is on your trailer bringing it to a dealer for service.

In my case I was looking for non-commercial insurance that would cover the tractor entirely (except mechanical breakdown) while on my property and if I took it to a relative's property. State Farm was the best one I found that could do it. They do it with a "personal articles" policy and it covers everything on the tractor similar to how comprehensive coverage on a car works, subject to whatever deductible you pick. The personal articles policy also follows the tractor wherever it is so if it falls off your trailer you're covered, stolen from your brother's yard, covered. The personal articles policy doesn't give any liability coverage though, so if you damage your neighbor's property while helping them or if you run over your neighbor's foot then you're not covered.

Cost on the personal articles policy is entirely tied to the value you're insuring and the deductible you pick. I have $40k of coverage and with a ZERO deductible it was just under $500 for the year. With a $500 deductible it would be in the $375 range.

 

[nybirdman]

In New York State anyway;my tractor was not covered by my home-owners.I had to get an "Inland Marine" policy for $150/year that covers fire/theft on my property only.

 

[Beltzington]

I have had an inland marine policy for several years because I do not keep the tractor at my primary residence. Last year the policy doubled which has me back in the market for next year, it went from 130/year to over $300 for a 25K policy.

Does anyone offer an umbrella policy that would cover any equipment owned, I have several other expensive things I would liked covered that aren't tractors or attachments. I am sure they all wouldn't be destroyed or stolen at the same time but they are all located in the same location.

 

[TractorNH]

I have had an inland marine policy for several years because I do not keep the tractor at my primary residence. Last year the policy doubled which has me back in the market for next year, it went from 130/year to over $300 for a 25K policy.

Does anyone offer an umbrella policy that would cover any equipment owned, I have several other expensive things I would liked covered that aren't tractors or attachments. I am sure they all wouldn't be destroyed or stolen at the same time but they are all located in the same location.

Umbrella policies are for liability.

If you're trying to cover a lot of other things too then check with State Farm about the "Personal Articles" policy I mentioned above. My agent told me I could add implements for the tractor or anything else I owned. They gave examples of other things that could be added to the policy such as camera's, guns, coin collections, just about anything that has limits on a regular homeowner's policy. As a side note, this is the only policy I have with State Farm. All of my other insurance is through a different carrier.

 

[JerryK]

I have my tractors insured via a rider on my main homeowner policy. Costs a few hundred a year to insure for fire and theft since my loan has expired. Most homeowner polices will cover lawn tractors/smaller CUT's, but most would like to specifically list bigger tractors separably along with the serial/model number of the tractor/fel/hoe/etc... I have an umbrella policy that attempts to cover me for liability, and at least has the insurance company involved to help me if I need it snowblowing around the front of my property and mailbox.... out where the idiots drive... And can not see big mean red things with multitudes of flashing LED's and rotating beacons..

 

[George2615]

I insured my LS thru CNH for (PDI) Physical Damage Ins. For about $205. per year. Check their site for what PDI covers.
PHYSICAL DAMAGE INSURANCE* | CNH Industrial Capital

 

[Jstpssng]

I have mine on my commercial auto policy. Full coverage for the tractor is 253 $/year.