Got boned all the way around!
Car insurance will not cover the trailer because it was not mine so that makes the tractor a no go too.
Called my home owners and they really boned me. I told the agent I took the tractor to my friends to sow sunflowers for a dove hunt. He told me that the policy states the tractor is covered if it is "SOLEY!" used at the insured address.
Because I took it off my property they will not cover it. He said if my policy would have said "MOSTLY" instead of "SOLEY" they would have covered it. BS and yes I am shopping for new insurance.
I just want offer some insurance advice to anyone reading this. This is just general, typical info and based on my experience in PA.
If you are concerned about your tractor being covered while in transit for a collision loss, the only way I’m aware of providing that coverage is through a separate personal Inland Marine policy (like many contractors have for all their equipment).
Your car insurance only extends liability (for the other guy) to your trailer. It does not extend physical damage coverage to the trailer or anything you’re hauling. I have my 16 footer insured on my auto policy for a $3700 value and the annual premium for it is exactly $20 - crazy not to add it for that price.
Your home insurance only covers your personal property (tractors included) for typical home owners types of risks (fire, lightning, windstorm, theft etc) - collision is not one of them. Never has been and probably never will be. People that are moving face the same dilemma. Your “stuff” is covered in the moving truck if it catches fire or is stolen but it is not if that truck rolls over on the highway and everything is destroyed. Which is why most moving companies offer coverage for your stuff they are moving, and why you should buy it if it’s a long move especially.
The only iron clad way you’re gonna get your tractor covered for a collision loss while it is in transit is if you have a separate Inland Marine policy on it (or possibly the Kubota insurance, not sure there as I’ve never seen the policy they can sell you on new equipment).
I guess it’s possible some company somewhere may have some crazy rider you can add for your home or auto insurance that they developed on their own to fill that gap in coverage but in my 30 odd years as an agent I’ve never seen one.
I’ve had a few people over the years with a personal Inland Marine floaters for tractors, skid steers, mini excavators and such they own personally and use for non-commercial stuff and the prices haven’t been too bad (a couple hundred bucks a year depending on the amount of coverage). Honestly though most just roll the dice and hope nothing happens while in transit rather than pay extra once I explain the situation and solution to them.
