Tractor Insurance

J

Johnnykick

Member

• Dec 2, 2017

• #1

I spoke today with a gentleman who runs a tractor salvage yard. I'm restoring an old 1955 International 100 made by Farmall. I told him I would use it as a parade tractor and maybe tow a trailer filled with kids during Halloween. He told me two horror stories about accidents where the tractor owners were sued and lost everything...suggested I get tractor insurance. I'm open for suggestions on where to get such a policy. Thanks.

 

C

centash

Well-known Member

• Dec 2, 2017

• #1

You may be able to get a rider on your homeowners policy, or on your farm insurance.
Ben

 

L

LAA

Well-known Member

• Dec 2, 2017

• #1

I have a liability ''umbrella'' with State farm which is supposed to cover me on just about
anything I can be held accountable for from a tractor or piece of eqipment coming off of a trailer
to a cow getting in the road and many things in between, its under my farm policy and the premiums
are surprisingly cheap.

 

P

PJH

Well-known Member

• Dec 2, 2017

• #1

We also have a farm liability policy. Speaking for myself, before I got in a parade or hauled any people around, I'd check to make sure I was covered for that specifically.

 

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Wheat47

Well-known Member

• Dec 2, 2017

• #1

My liability in through our tractor club, which is a member if EDGE&TA. Very reasonable, but you must be a member of a tractor club which is a member of EDGE&TA.
At the present time, they insure only tractors and equipment. Basicly, "If it can be liscensed (cars, trucks, 4-wheelers, etc) they won't insure it".

 

S

SVcummins

Well-known Member

• Dec 2, 2017

• #1

How cheap is surprising ?

 

J

jeffcat

Well-known Member

• Dec 2, 2017

• #1

Another thing. Is your farm an LLC? ONLY 5 or 6 hund4ed a year
registered in Delaware. Ask lawer to do it.

 

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bigbob1939

Member

• Dec 2, 2017

• #1

I have a million dallor liability policy on my State Farm insurance and it is 120 bucks a year, covers all things I could be found liable for.

 

L

LAA

Well-known Member

• Dec 3, 2017

• #1

A little less than two hundred a year for a million dollars worth, it is strictly liability above and beyond what my homeowners and general farm policy already are good for but the limits of the original policy have to be hit before this one kicks in, the farm policy is 1/2 million liability so I guess it's a pretty safe bet for SF.

 

K

K-Mo

Member

• Dec 3, 2017

• #1

Before insurance, consider your tractor and trailer. Weight of tractor versus weight of trailer loaded with kids. If the tractor weighs less than the load, you no longer have control of your load especially if the trailer does not have brakes. Braking and clutch functions can fail by the failure of one cotter pin. These tractors were made to work in an open field at low speed. If you have such a failure in the field, it's not much of an issue. In a parade with a load of kids could be serious.
I've seen too many near accidents.
I'm not just being pessimistic. Every year at hayride season accidents are reported.
A basic Farmall 100 only weighs about 2600 lbs.

 

K

K-Mo

Member

• Dec 3, 2017

• #1

GOOGLE Hay Ride Safety--
Hay Ride Safety

 

M

moresmoke

Well-known Member

Location

E ND

• Dec 3, 2017

• #1

LLC is worthless unless you have employees. If you are the operator, both you and the LLC will get sued.

 

Oregon Tractor Jack

Member

• Dec 3, 2017

• #1

I too have an $1M umbrella policy from State Farm. I covers everything except any type of "competition events". I am a tractor puller, but since it is a "competition" I am not covered when I haul my tractors to a pull. If I am going to a pull, it becomes a "show" so I am covered. The other part of this is your rig and how well you tie down your equipment. I use transport grade chain and ratcheting binders to hold them down. Four for each piece of equipment. My stuff is not going to fall off the trailer. I see all kinds of tie downs on rigs at pulls and at shows. Single straps pulling the tractor forward to a stop bar on the front of the trailer. Straps that are half worn through. These are the ones that have trouble with their tractor hauling...

OTJ

 

S

SVcummins

Well-known Member

• Dec 3, 2017

• #1

Thanks didn?t mean to sound rude but as my farm is getting bigger and bigger and more equipment some of it I?m financing I was just wondering what a policy might cost

 

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D beatty

Well-known Member

• Dec 3, 2017

• #1

I tractor pull and our club carries a liability insurance that covers members while pulling.

 

Oregon Tractor Jack

Member

• Dec 3, 2017

• #1

Yes the clubs that I pull at have that also. I am only talking about getting to and from the event. Kind of off topic.

OTJ

 

D

DoubleR

Well-known Member

Location

Mid Mi

• Dec 3, 2017

• #1

I carry a million dollar liability blanket policy in addition to my regular farm insurance. I also have a Ryder on my farm ins. for hay rides in the fall which I do along with my pumpkin stand. I have a declared value on all equipment covered on my policy. I have Mi. Farm Bureau Ins.

 

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blue_tractor_man

Member

• Dec 3, 2017

• #1

Your umbrella policy only gives you
increased limits on things you are already
insured for. For example, most every
commercial policy excludes polution. So,
even if you have a million dollar policy you
can be out of luck if you have a diesel
spill into a creek. Your best bet is to
always check with your agent.
Another example is I drive my JD 2755 6
miles to mow some grass behind my church. If
I mow it for free I am covered from home to
church and back with my farm policy. If I
were to charge a fee then I would need a
commercial policy.
Don't think if you have a big claim that
your carrier won't leave you hanging out to
dry.

 

C

colahawk

New User

• Dec 6, 2017

• #1

Having spent 40 plus years in the insurance industry, go to you insurance agent and find out if they sell insurance for American Collectors or Heritage Insurance. These are specialty companies and will cover the physical damage if you wreck it, of if it is stolen, as well as the liability. If you have a farm policy, the liability is already covered on the farm liability portion. I prefer the separate policy. I have a 1948 Farmall H, a 1953 Farmall Super M, and a 1963 Farmall 706D. All on American Collectors. Fairly reasonable, but depends on states also.