When using the Kubota Zero financing will I be expected to purchase Insurance at a premium? If so would it be better to go through my agent? What types of things should I cover myself for. What types of things might be Overinsured?
Does Kubota require the purchace of their Insurance
- Thread starter StanStarr
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85Hokie
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BX-25D ,PTB. Under Armor, '90&'92-B7100HST's, '06 BX1850 FEL
If I am not mistaken, the Kubota ins. covers a lot of things, WHAT I am not sure of , let say you are hauling it during the 5th year, and it rolls off the trailer and totals the machine......
what do you get exactly back???? A new one, or value of old before it took the plunge !
gonna guess the latter!On the BX series if I recall correctly .....the ins was about 200 a year .....or 1K over the five of the note.
Kubota WILL mandate it - unless you can provide otherwise to their liking!
I believe you get reimbursed market price for it OR original cost $$ towards a replacement.If I am not mistaken, the Kubota ins. covers a lot of things, WHAT I am not sure of , let say you are hauling it during the 5th year, and it rolls off the trailer and totals the machine......
what do you get exactly back???? A new one, or value of old before it took the plunge !
On the BX series if I recall correctly .....the ins was about 200 a year .....or 1K over the five of the note.
Kubota WILL mandate it - unless you can provide otherwise to their liking!
I don't think I will be transporting it, taking it of property, except to service. There is a repair shop 1/2 a mile and the Dealership is 3 miles of mostly county roads for once a year mantaince. My land is relatively flat, 3 1/2 acers with 30 yard of ditch to get stuck in. Besides Theft what should I be worried about that is worth the $1000 plus price tag. I would bet that in my case the insurance premium is the real interest rate. Years ago I payed $800. for a used car insurance premium to cover the loan if I was injuried or lost my job and I do not want to make a similar mistake.
Grouse Feathers
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BX2370, FEL, Snowblower-BX5455, Homebuilt Forks, LP RB1560, LP GS1548
Kubota will require that you have insurance, but you are not required to take their insurance. When I bought my BX a year ago their insurance was about two dollars a month more than a rider on my home owners. I took the Kubota insurance because the shared driveway I maintain extends across a right of way on other private property and state land. My home owners would not cover off my property. The shared driveway has such low traffic to be a negligible risk, but 24 dollars a year is also negligible for the extra coverage.
Kubota Ins. cost about $1.00 a thousand per month. My insurance agent looked over the policy and said he couldn't come close. Mine cost $28 dollars a month on a 2013 B3200 with backhoe.
That is not true. It depends on your policy. On mine for years it covered anything as long as it was on my land and I added a rider to it when I got my new tractor which covers me anywhere I take any of my toys. Even covers my dozer off property which includes hauling it on a trailer
I use mine at my business. I was skeptical at first, but the Kubota insurance came in at a lower price for better coverage. $250 deductible per occurrence, limit 3 per year. Anywhere, anybody (authorized by me) operating or transporting it. Full original purchase price for the duration of the finance agreement if it's a total loss. No insurance adjusters to deal with, dealer handles the whole claim process.