Why You Need Tractor Insurance

While not every tractor owner will need an insurance policy for their equipment, those of you who’ve invested quite a bit of money into your machine, or rely on your farm to make a living, will benefit greatly from an insurance policy. To learn more about tractor insurance, what it covers, and where to find it, feel free to read through our helpful article below.

Tractor Insurance Coverage

When shopping for insurance, the first question buyers tend to ask is: what does it cover? Unfortunately, there’s not a clear answer to this question, as it varies quite a bit from company to company. However, common tractor coverages include repairs, accidents, thefts, bodily injuries, and natural disasters. Which of these coverages are offered to you will depend on the agency you choose, and you’re often free to select or opt out of as many as you like. Other popular coverages include property damage and out-of-commission reimbursement, however, these are less commonly offered.

Tractor Insurance Companies

When browsing insurance companies, you’ll find your options are often broken into three general categories. Large-scale insurance companies, farm-focused insurance companies, and online insurance companies. While the first two options tend to be the most popular, online-only agencies can offer some impressive rates and are worth looking into. However, farm-oriented and large-scale companies are often preferred thanks to their helpful bunding deals, as many buyers prefer to combine home, auto, and tractor policies together in order to receive a hefty discount.

Still searching for a high-quality tractor for your farm? Come visit us here at Magnum Power in Lawson, Missouri to browse our expansive inventory of models! We proudly serve the nearby areas of Clay County and Kansas City, Missouri, and offer a variety of farm equipment for sale, as well as helpful financing services.