Tractor Insurance . A bit dear or No ?

[Chris1664]

Just been quoted £1010 for a JD 6430 08 and a Case Luxxum with a combined valuation of £70,000 . This is from Cornish Mutual who's service has always been excellent . I thought it looked a bit expensive at nearly £15 per thousand of value . I don't do any contracting and have had no major claims but maybe 3 small £1000 claims over the last 10 years : Frost damage to attached sprayer, Broken windscreen , damaged pick up hitch .

They have quoted about 500 odd for TP F&T but i think that option is a bit too much risk .

What do folks think , is the quote reasonable ?

 

[masseybreaker]

your not insuring the value of the tractor but the damage that the tractor can do which could be 10 million or more

 

[starkey92]

Sounds about in line with what the broker I use has quoted me for this year which is somewhere around the £600 mark for 1 £30,000 tractor doing 60% contracting. That's about £1000 less than what the NFU wanted to charge!

 

[Grassman]

: Frost damage to attached sprayer, Broken windscreen , damaged pick up hitch .

Can you really claim frost damage to a sprayer?

 

[Netherfield]

Like this

 

[Nigel Wellings]

£15 per thousand is expensive for tractor Insurance with no contracting. £10 per thousand is normal rule of thumb rate for Farm and up to 25% contracting, for comprehensive cover. On higher value tractors/larger fleets with good claims history rate will be below this.
Also check out what cover you get on implements. With us if tractor insured comp then implements/trailers automatically insured comprehensively to minimum £100k per implement. PM me if you want an exact quote.

 

[Pateleygrower]

£15 per thousand is expensive for tractor Insurance with no contracting. £10 per thousand is normal rule of thumb rate for Farm and up to 25% contracting, for comprehensive cover. On higher value tractors/larger fleets with good claims history rate will be below this.
Also check out what cover you get on implements. With us if tractor insured comp then implements/trailers automatically insured comprehensively to minimum £100k per implement. PM me if you want an exact quote.

NFUM give £500000 attached or detached cover for any one machine I think.