tjkubota93
Veteran Member
Wow, were you injured?Insurance for Preventable incidents. Unloading tractor on hill, rear truck wheels lifted off ground contact, you can see result.
Wow, were you injured?Insurance for Preventable incidents. Unloading tractor on hill, rear truck wheels lifted off ground contact, you can see result.
Unless you are a multi millionaire it would be foolish not to insure something that is 194k. Tractors come in all price ranges but say you buy a new 20k tractor. After several years it is worth 10-15k. If that amount of a loss would be catastrophic to you then yes insure. If it isn't, and your risk is low then maybe don't. Some people leave their tractors at remote properties unattended. Others keep them locked inside a shop with an alarm system in their backyard. Some people have crazy terrain and the likelihood of an accident is greater than those with flat ground. Maybe flooding is a concern. Maybe it isn't. Lots of variables come into play.
I don't insure my tractor. The risk of something happening to it and the cost to replace it if something did don't scare me. I do have an inland marine policy with over a million in listed items that I do worry about because of their cost, and the fact they travel to remote locations.
Good points.
So, if I have a $10K tractor that I can afford to replace and a $6K tractor that I can afford to replace and a $20K truck that I can afford to replace, and a $25K Jeep that I can afford to replace and a $15K Jeep that I can afford to replace and $10K of ATVs that I can afford to replace and $50K of tools that I can afford to replace and a $50K building that I can afford to replace all parked in the same spot should I insure them all or just selectively?