We got our first kubota last summer BX25d. And then added lots of goodies (curtis cab, Snowblower, pallet forks, soon to be grapple and tiller).
The winter rolled through I started getting more and more concerned about theft or fire since its an expensive item.
We didnt finance, own it straight out.
We talked to state farm and Kubota. Kubota has very complete coverage (more then we need as the tractor never leaves the property really). But kubota won't do replacement cost unless we financed it. They do actual cash value at the time of an incident. If we had to rebuy everything new right now - we estimate like $34,000 maybe. Kubota would only cover a portion of that. They said they would get us close enough to rebuy another kubota - its a 2014 so they were thinking an adjuster would give us 80 maybe 85% value currently if we had a total loss (fire/theft).
We are trying to figure out just how much coverage we should buy if we go through kubota. I originally told them 30K (we dont have the grapple or tiller yet). But since they wont give replacement coverage - 30k is too much. They would never give us that full amount.
They quoted 30k at $468 a year and 20k at $312 a year.
How much coverage do you guys have on your machines? 100% replacement value even though they wont give that? Would I be good with $25k and go down each year as the tractor depreciates?
Talking to state farm - waiting to get back to me to see if they would cover replacement cost - as with the rest of the house items is replacement cost. They already told me I wouldn't be AS covered for the tractor as with kubota insurance. Just fire/theft really. But if they do replacement cost (and their insurance cost much less than kubota) that might be the better deal
The winter rolled through I started getting more and more concerned about theft or fire since its an expensive item.
We didnt finance, own it straight out.
We talked to state farm and Kubota. Kubota has very complete coverage (more then we need as the tractor never leaves the property really). But kubota won't do replacement cost unless we financed it. They do actual cash value at the time of an incident. If we had to rebuy everything new right now - we estimate like $34,000 maybe. Kubota would only cover a portion of that. They said they would get us close enough to rebuy another kubota - its a 2014 so they were thinking an adjuster would give us 80 maybe 85% value currently if we had a total loss (fire/theft).
We are trying to figure out just how much coverage we should buy if we go through kubota. I originally told them 30K (we dont have the grapple or tiller yet). But since they wont give replacement coverage - 30k is too much. They would never give us that full amount.
They quoted 30k at $468 a year and 20k at $312 a year.
How much coverage do you guys have on your machines? 100% replacement value even though they wont give that? Would I be good with $25k and go down each year as the tractor depreciates?
Talking to state farm - waiting to get back to me to see if they would cover replacement cost - as with the rest of the house items is replacement cost. They already told me I wouldn't be AS covered for the tractor as with kubota insurance. Just fire/theft really. But if they do replacement cost (and their insurance cost much less than kubota) that might be the better deal
