am interested in hearing from forum members when they feel annual tractor insurance is no longer needed. currently have M8540 hd12 sp open station that i've insured w/KTAC for 10 yrs since purchased new. long since paid off. very pleased w/KTAC. never filed a claim. they rate the machine around 28k. am currently paying $440/yr for the policy. use is non commercial approx 100 hrs/yr. & not in the woods, etc consider myself a safe operator, park it in a secluded non threatening place, am on good terms w/neighbors.
$440 is a chunk of change. am interested in your own situation and @ what point one might let the policy go.... of course insurance is a gamble & can be looked at as "peace of mind"..... but what are your considerations for continuing your insurance through the years in a low risk circumstance when the machinery is paid off....
thanks in advance
$440 is a chunk of change. am interested in your own situation and @ what point one might let the policy go.... of course insurance is a gamble & can be looked at as "peace of mind"..... but what are your considerations for continuing your insurance through the years in a low risk circumstance when the machinery is paid off....
thanks in advance