I live in South Carolina, getting an 84-month loan from Kubota, they want me to add their insurance for the term of the loan. That is optional coverage. I am covered under the "Personal Property" of my homeowner's policy for 380k. Meaning, under that policy the insurance company will pay up to 10% of the total of the policy for one single loss. (100k policy, with the 10% of the total coverage of unscheduled personal property is 10,000 dollars). They can see I have coverage in case there is damage or loss. Yes, I have to pay the deductible, that's better than paying 3+k over the life of the loan for insurance. I should have the right to decline. Also, that tractor and implements are parked in a garage with monitored security. Do you guys agree with my thinking?