Posted 2014-04-24 5:36 PM Subject: Who/how do you insure farm equipment?
Shelter Dog Lover
Posts: 10277
Just bought a tractor and our St Farm agent is treating it just like a vehicle. Quote they gave seem high. We don't have a farm operation so no other equipment to cover. I am having a hard time finding an ins rep who will insure just one piece. I am in Texas. Thanks
Posted 2014-04-24 9:15 PM Subject: RE: Who/how do you insure farm equipment?
Queen Boobie 2
Posts: 7521
I have my house and vehicles with State Farm...I don't like my agent...I have become aquainted with a Shelter agent who has some cattle and understands agriculture. When I bought my tractor a year ago I went to him for coverage. I pay $90 a year. That's on a $16,000 tractor with loader and brush hog
Posted 2014-04-24 9:32 PM Subject: RE: Who/how do you insure farm equipment?
Elite Veteran
Posts: 729 Location: south central usa
have house and land through one company and everything else through Farm Bureau. Have a one-off type policy that has the tractor and a zero-turn mower (tractor valued at $20k and mower at $3500 - premium is about $125 or so annually)
Posted 2014-04-24 9:37 PM Subject: RE: Who/how do you insure farm equipment?
Toy Story Fanatic
Posts: 4148 Location: Oregon
My backhoe is covered under my homeowners policy. Hoping to get a cheap tractor this summer and it will go there also. I am with Foremost because I am in a Manufactured home. Horse trailer is on my auto policy. It is just a 3 horse slant but a 2011.
Posted 2014-04-24 9:48 PM Subject: RE: Who/how do you insure farm equipment?
Shelter Dog Lover
Posts: 10277
Thanks for the replies. Tractor was 48k, St Farm said because of value not covered under homeowners. Their quote was $720 annually. Our smaller tractor is covered under homeowners. I have some calls in to some farm agents.
Posted 2014-04-24 10:45 PM Subject: RE: Who/how do you insure farm equipment?
Fire Ant Peddler
Posts: 2881
New Holland put the insurance in with the loan. It was pretty reasonable. I am almost sure that it was about $600 for 5 years. My tractor was around $17,000.
Posted 2014-04-25 9:47 AM Subject: RE: Who/how do you insure farm equipment?
Extreme Veteran
Posts: 495 Location: Washington
Ours is covered under the home owners insurance and we paid $25K for it, husbands Christmas present. We use Country Financial, they might be local for WA, I'm not sure.
Who/how do you insure farm equipment?
