USAA insurance vs KTAC?

[simeonkessler]

I just got off phone with USAA (outsourced to great american insurance)
They quoted me insurance for a 2016 L47 TLB with some implements ($54,765)
$1000 deductible
1 year = $685/year or
3 year = $1746
Both can be paid in full, yearly or bi annually. Each payment has a 3$ transaction fee.

Kubota KTAC insurance rolled into the loan ($250 deductible)
2 years: $1,364.36
3 years: $2021.54
4 years: $2678.72
5 years: $3335.90

 

[KTAC]

Don't forget one huge benefit... "Replacement Option"!

If the equipment is totaled or stolen (within first 60 months policy), you will be paid the original sales price ($54,765) minus the $250 deductible as long as you "replace" the equipment with like kind (in this case a L Series). Based on a previous post, USAA only pays a depreciated value which could be thousands of dollars less depending on how long it took for the total loss or theft to occur.

 

[rjkobbeman]

KTAC knows what they are getting into. They know what they are insuring and they know why. They know tractors, specifically Kubota tractors. They also work with the dealers. The dealers know how to work with them. KTAC knows what kind of insurance is required because they know the Kubota Credit needs. You can't get a KTAC policy that does not meets the demands of your specific loan.

Most home and auto insurance companies are "Jack of all trades" and will say whatever to make you happy. The onus is on you to make sure the policy you get is adequate. Your insurance guy has no clue about a "rear main seal going out and requiring a tractor split to fix." KTAC does.

 

[big bubba]

never filed a claim w/KTAC on my '08 M8540 but will continue the $450 annual policy because of the wide range coverage and dealer support that includes transportation w/the $250 deduct. have checked out other home owner policies, they don't come close.

 

[postalnut25]

We just purchased, and the KTAC just couldn't be beat when shopping around. In fact, the dealer made a point of discouraging the purchase of an extended warranty because the KTAC costs roughly $275-300 per year, and covers everything that the warranty does, and more. Plus the insurance can be kept long after the warranty period expires.

On that note, I used to use USAA exclusively, but as I have grown up and moved around, I found that they can be beat pretty handily. I still have my membership, but the insurance on my truck was $200 a year cheaper than they would give me when I shopped around when I added my youngest son. They also ticked me off pretty bad when a supervisor said that I couldn't remove my oldest son from my policy. He was 19 and in his own apartment, with his own truck and insurance, not through USAA.

 

[KTAC]

Postalnut25...
So there are no misunderstandings, KTAC does not cover everything a warranty does. KTAC is a property damage insurance policy which covers physical damage and theft. If you experience mechanical failure such as an engine, KTAC does not cover that but a warranty may. Speaking as a rep of KTAC, you still can't beat everything we have to offer but I don't want you to confuse the two because a dealer gave you incorrect information.

Thanks!
Brian