Kubota KTAC Insurance

robert2601

New member
Aug 18, 2021
27
5
3
Afton,Tn
I purchased a new B2601 and would like some info on the Kubota insurance plan. Is it a good value? I declined the extended warranty but I guess it is not too late for me to change my mind as my tractor has not delivered yet.
 

mcfarmall

Well-known member

Equipment
Kubota M5660SUHD, Farmall C
Sep 11, 2013
463
385
63
Kalamazoo, MI
It's an excellent value when you need it. If you never need it, it's a horrible expense. I purchased it because they will cover losses off of my property. My homeowners insurance only covers losses incurred on my property, not on my neighbors property, the road, or anywhere else.
 
  • Like
Reactions: 1 users

Goz63

Active member

Equipment
Kubota L2501, LA525 loader, QH15,Land Pride RCR1860, BB2560, SGC0660, forks
Jun 19, 2021
223
234
43
Mississippi
It is a hit for sure but if you are going to really use your tractor it is great peace of mind. ANYTHING you do to it or any implements you bought with it is covered. If it falls off the trailer going down the road you are covered. Mesicks has a good video on it. Talks about a guy who had a barn fire and the loader was in the barn and burned up. $250 and here is your new loader.
 
  • Like
Reactions: 1 users

Elliott in GA

Active member

Equipment
LX 2610SU w/535,LP RCR1860,LP FDR1660,LP SGC0554, LP FSP500, DD BBX60005
Mar 10, 2021
172
139
43
North Georgia
It seems to be a good value for the coverage; I bought it. You will sometimes hear people quote lower costs with third party insurance (homeowners add-on or separate policy), but you need to ensure that you are making an apples to apples comparison. KTAC provides for replacement coverage (not value at time of loss), covers you off your property and has 200K liability coverage (verify your umbrella threshold if applicable).
 
  • Like
Reactions: 1 users

PaulL

Well-known member

Equipment
B2601
Jul 17, 2017
1,207
388
83
NZ
It's good value if you need comprehensive insurance. Insurance (to my mind) is there to protect you against unforeseeable and potentially crippling losses. So it makes sense if:

1. You think you may unforeseeably break, burn or lose your tractor. Some of that is within your control so you could be careful instead. Some of it isn't. Like any insurance, it's a collective thing - so if you're more careful than the average person, and less likely to have a fire or theft than the average person, then you're likely to on net lose money on it

2. You need your tractor, and you couldn't take the financial hit if something bad happened. In that sense it's like reverse gambling - most of the time you lose a small amount of money, once in a while it saves you from a really big loss. Actually, maybe that's just like gambling. But anyway, it makes sense if you can't afford the loss. If you can afford it, then across the portfolio of things you own and over 15-20 years, you'd probably be better off self insuring.
 
  • Like
Reactions: 1 users

RichardAaronlx2610

Active member

Equipment
Lx2610 Cab, Fel, Backhoe, Grapple, Box Grader, Forks
Aug 3, 2021
173
189
43
New Jersey
From all the research and Stories ive read about others having it. It sure seemed like a good deal to me. I got It for my lx2610
 
  • Like
Reactions: 1 user

Elliott in GA

Active member

Equipment
LX 2610SU w/535,LP RCR1860,LP FDR1660,LP SGC0554, LP FSP500, DD BBX60005
Mar 10, 2021
172
139
43
North Georgia
It's good value if you need comprehensive insurance. Insurance (to my mind) is there to protect you against unforeseeable and potentially crippling losses. So it makes sense if:

1. You think you may unforeseeably break, burn or lose your tractor. Some of that is within your control so you could be careful instead. Some of it isn't. Like any insurance, it's a collective thing - so if you're more careful than the average person, and less likely to have a fire or theft than the average person, then you're likely to on net lose money on it

2. You need your tractor, and you couldn't take the financial hit if something bad happened. In that sense it's like reverse gambling - most of the time you lose a small amount of money, once in a while it saves you from a really big loss. Actually, maybe that's just like gambling. But anyway, it makes sense if you can't afford the loss. If you can afford it, then across the portfolio of things you own and over 15-20 years, you'd probably be better off self insuring.
One other thing to consider is that you need liability insurance - no matter what. You would not want to self-insure for liability; the potential for loss far exceeds the value of the equipment. Simple example, you are mowing on the road in front of your property, and a car collides with your tractor resulting in injuries. Even if you are not at fault, you will want the insurance company to defend you. This example is also potentially more complex, because you may or may not be on your property - depending on your deed, local laws on easements and etc.

You might want to roll the dice on the value of your equipment but not the potential liability.
 
  • Like
Reactions: 1 user

WFM

Active member

Equipment
L3800
Apr 5, 2013
833
127
43
Porter Maine
Its been so long since I bought my tractor but I did get the Kubota insurance as I financed it for the five years 0%.(paid off in four yrs) but becouse I financed I had to get my own insurance or buy theirs. So I did.
And three months after buying my tractor I changed from Pallet Forks to Bucket and didn't lock in one of the quick connect handles fully. Went up the driveway to do some digging in the ditches and after three digs the bucket was loose and headgear was bent. It was like $450. in repair replacement at the local dealer.
I think the out of pocket was $200. or $250. But I was glad I had it.
I have it covered now under my business policy incase I do something stupid again.
 
  • Like
Reactions: 1 user

Drcollie

New member
Sep 16, 2021
12
7
3
Northern Virginia
What is the typical cost of the KTAC insurance? I have a new 2601HST being built (ready in about 10 days) with loader/backhoe/grapple. The Dealer didn't mention it at all, seems like a good idea. My Homeowner's insurance (USAA) only covers $ 3K and they don't offer a rider to increase that amount
 

michigander

Active member

Equipment
B2601
May 29, 2018
433
119
43
Northern Michigan
What is the typical cost of the KTAC insurance? I have a new 2601HST being built (ready in about 10 days) with loader/backhoe/grapple. The Dealer didn't mention it at all, seems like a good idea. My Homeowner's insurance (USAA) only covers $ 3K and they don't offer a rider to increase that amount
My B2601, loader , MMM and rear blade was 1600.00 for 5 years in 2019
 

TomRC

Active member
Jun 16, 2020
139
87
28
KY
Just renewed my B2601 and a number of Land Pride implements. Declared value of the tractor, loader and the Landpride implements was just over $23k.

KTAC $365 / year
 
  • Like
Reactions: 1 user

random

Well-known member

Equipment
L3301, bucket, backhoe, grader, plow, harrow, cultivator
Nov 2, 2020
640
326
63
NC
Just renewed my B2601 and a number of Land Pride implements. Declared value of the tractor, loader and the Landpride implements was just over $23k.

KTAC $365 / year
Granted I don't have anything to compare to, but that doesn't seem to be too bad.
 
  • Like
Reactions: 1 user

WFM

Active member

Equipment
L3800
Apr 5, 2013
833
127
43
Porter Maine
I have Progressive on my side x side and my daughters Polaris Ace. Its like $150.
a year for both. 2014 and 2015. But you might check with them for a quote.
 
  • Like
Reactions: 1 user