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re: homeowner insurance
My homeowners (Amica) covered my 35hp tractor and implements, but only as long as it is on my property and not doing any work for hire.
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re: homeowner insurance
Just got off the phone with my insurance company. Near as I can tell, Amica (in NY) covers my 35 hp tractor and implements for loss (fire, theft, vandalism, accident, etc.) as part of my homeowners without a special rider as long as the tractor is on my property, is not used on a highway, and is not used for hire. The relevent clause in the policy classifies it as a non-registered motor vehicle used to service the property. My homeowners liability coverage extends to this also. When I asked "what if I drive down the road to my father's property to do him a favor", they said the coverage was not so clear because NY has cracked down more on non-registered vehicle highway use, and they will have to further investigate this and get back to me. I also asked if the fact that my land is classified as agricultural (tree-farm) and that I derive income from farm activities impacts the coverage. They have to get back to me on implications of that also. Getting interesting.
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re: homeowner insurance
Todd, I'm also a fan of being well-insured. This whole thread is what prompted me to call my insurance company, and the result will probably be that I get a rider or whatever to cover me and my tractor in the event of any uses I foresee (driving on the road, someone else's property, etc.). It will be interesting to see what Amica says I'm exactly covered for now. Also remember that the state you are in makes a difference with insurance. I've been with Amica for auto and homeowners for over 25 years back and forth in three states (including VT!) and the policy terms and coverage were different in each of the three states.
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re: homeowner insurance
My insurance company (Amica) got back to me on my tractor coverage questions. As I stated earlier, my tractor is covered under homeowners as long as it is being used or stored on my property and not when it is on a public road, even if that is to go between properties I own. It seems that NY state laws have changed and now I have to register my tractor for highway operation, even if it is for personal farm use and not for hire. Once I register the tractor, my homeowners won't cover it and I need to get some kind of motor vehicle policy, and then the tractor would be covered for liability and loss even if it was being used on someone else's property, as long as that use was not for hire. I'm waiting for a quote on that type of policy now.
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re: homeowner insurance
Steve, thanks for more information. That sure sounds like the code I was used to here in NY. Is it up to date? The insurance person implied that the NY state code had changed on this recently. This covers farm use; I wonder if the insurance company is assuming industrial/excavation use instead because I have a backhoe and loader? Getting more interesting...
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re: homeowner insurance
Got a quote from my insurance company. This is basically an auto policy on a tractor, not contractor's insurance. It is to cover the tractor on the highway and on other's property, though not for hire. The annual premiums are: $288 for the JD4400, $34 for the loader, $79 for the backhoe. This is for $1,000,000 liability coverage with either a $200 or $500 deductible for collision (accident) loss (can't remember which). Covers fire, theft, etc. The premium sounds high to me, but I think a lot of that is due to the million dollar liability. I'd probably be better off getting a umbrella liability policy and cover the tractor at a lower liability. Still don't think I need to register the tractor because of farm use, but I'll want the insurance if I'm doing favors for friends and relatives.
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