Tractors are an essential part of your operations, but they are vulnerable to several perils that could create the need for costly repairs. Additionally, liabilities may arise through their use. Tractor insurance can help cover these exposures.
Our knowledgeable agents can help you secure the tractor insurance you need. Contact us today to get started.
What Does Tractor Insurance Cover?
Tractors insurance policies vary, but causes of loss that may be covered include:
Coverage for glass breakage and foreign object damage may also be available. Additionally, tractor insurance may provide liability coverage if bodily injury or property damage to third parties occurs while you are operating your tractor. Your agent can discuss terms, limits and exclusions.
What Type of Policies Are Available?
If you have multiple tractors, they generally may be insured on an individual or blanket basis. With blanket coverage, damage to all tractors may be insured up to a specific dollar amount, while with individual coverage, each tractor may be covered up to a separately listed value.
Additionally, actual cash value or replacement cost policies may be available. Actual cash value coverage may provide payments based on the tractor’s value at the time of the loss, factoring in depreciation, while replacement cost coverage may provide payments to secure a new tractor of similar type or quality. Our team can provide information on the different options. We can also discuss limits and exclusions and help you address your other insurance needs.
Elite Insurance Group is ready to help you get the optimal tractor insurance policy. Contact us today for more information or a quote.