Posted by gordy from Iowa on January 06, 2008 at 13:36:27 from (69.45.121.14):
Have been thinking about putting insurance on a couple of old tractors. I would insure them for what I would like to be paid if they burn, get stolen, slide off the trailer, shed falls in on "em, or any other act of God I guess.
However, I"ve had a machine lost and the insurance will only pay a so-called "book value". This is regardless that I paid a premium for a lot more. So if I pay a premium for what I think the tractors are worth, are they going to tell me a 55 year old tractor is worth $200 and I can take a hike if I don"t like it?
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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