Where do you’se guys get insurance to cover your backyard toy? When it’s not in the backyard – as in when pushing or blowing snow within your neighborhood – on city streets or a private road serving others?
Realistically, it’s very low risk, but high fear of risk by the uninformed.
I’m referring to primarily the liability & P&C portion. And workman’s comp if you do something for a buck?
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Replies
Pete,
I work for one of the larger Property & Casualty insurance carriers. We do tractors on the same policy as a 4 wheeler, a Recreational Vehicle policy, believe it or not. We really don't have a max horsepower, but if it's over about 80 hp, I'll refer them to a specialty company, or the local Farm Bureau company.
70 hp tractor, used, maybe $15,000 to $20,000 in value would come in around $300 to $350 for a year. Covers theft, physical damage, liability, too. We have to have both auto and homeowners for you - it's sort of a courtesy line.
This would not allow for any "for hire" or commercial use. Just hobby farming, etc.
Check with your homeowners insurance company, or if you're using it in the trades. whoever you have your CGL or inland marine coverage with.
Greg
Oh, and we check driving records, too. Couple of speeding tickets might rule you out. My 2640 will do about 18 mph, top end.
Greg
I asked my insurance agent about mine. He said that as long as I'm not using it for hire, I would be covered under my homeowner's policy.
He also mentioned that as long as there was no paper trail to follow, I was officially NOT using it for hire.
.
BTW - My tractor is NOT a toy.
(-:
Hey, I said Recreational Vehicle, not TOY ! As far as I'm concerned, Recreation don't get much better than that !
Greg
I asked my insurance agent about mine. He said that as long as I'm not using it for hire, I would be covered under my homeowner's policy.
Exactly what I've been told by 3 companies. Unlicensed vehicles. Only glitch is if I have a claim while off my property. Some are more suspicious about "hire".
Includes my 23,000 lb Cat. Which I've gotta road in the near future. If I cream anybody I must've been headed for the dealer...
Life has risk.PAHS Designer/Builder- Bury it!
I have a rider on my general liability policy. It's unusual for a civil engineer to carry a general liability policy to begin with, but I occasionally rent equipment to do soils testing and it's nice to have the certificate available - most places won't rent heavy equipment without it. So my tractor is covered under that policy, even though it's only been on a job site once.
not to get too far off the subject... but seems a few guys around here with way too many DUI's to have anything state issued that says they can drive... have purchased tractors as their only mode of motorized transportation... they drive em on the street... no lic required for the tractor or the driver... guess if they wanted to push it they could get a refund for the fuel tax they pay also...
p