I'm waiting for my L3901 tractor on order, so doing various investigations, one of which is insurance.
I'm using the equine discount program, so there is no special financing offer to take advantage of - only "standard rate" financing which would be at 6.59% 12 months to 6.75% 60 month, which means "no thank you, I'll pay cash".
Talking to KTAC, it turns out the full replacement cost only is applied to financed purchase for the term of the loan. Thus I would be paying about $470 per year but coverage is actual cash value. It turns that CHN insurance offers insurance (see https://www.cnhindustrialcapital.co.../Documents/50024_CIH_PDI_trifold_US_FINAL.pdf ) for any brand including Kubota. The policy offers full replacement coverage for a premium of $267.78. Note the deductible is $500 vs KTAC $250, but the lower premium covers the majority of this difference.
Has anyone had any experience with CNH?
Has anyone had a claim with KTAC that didn't have Kubota financing in place?
Should I not be concerned about not having full replacement coverage?
I'm using the equine discount program, so there is no special financing offer to take advantage of - only "standard rate" financing which would be at 6.59% 12 months to 6.75% 60 month, which means "no thank you, I'll pay cash".
Talking to KTAC, it turns out the full replacement cost only is applied to financed purchase for the term of the loan. Thus I would be paying about $470 per year but coverage is actual cash value. It turns that CHN insurance offers insurance (see https://www.cnhindustrialcapital.co.../Documents/50024_CIH_PDI_trifold_US_FINAL.pdf ) for any brand including Kubota. The policy offers full replacement coverage for a premium of $267.78. Note the deductible is $500 vs KTAC $250, but the lower premium covers the majority of this difference.
Has anyone had any experience with CNH?
Has anyone had a claim with KTAC that didn't have Kubota financing in place?
Should I not be concerned about not having full replacement coverage?