Demont Insurance Agency Blog

The Importance of Farm Truck Insurance

A farm truck is an essential tool that farmers rely on to keep their fields harvested and livestock fed. When a truck, tractor, or other type of farm equipment no longer works as it should, the price you must pay will be far greater than the cost of repairs. You may not be able to take care of your farm or livestock the way you once did, and that can cause you to have a drop in your income in the months ahead.

For most states, insuring farm vehicles is optional. However, many farmers have concerns when it comes to keeping their costly equipment protected from harm. Since farm trucks and tractors are a major investment for many farmers, taking out an insurance plan on these vehicles is a great way to protect your investment and your livelihood.

Vehicles That Fall Under the Category of Farm Equipment

Farm trucks, tractors, and other vehicles are classified as vehicles that are designed solely for farm use. To say that a truck or other vehicle is used as a farm truck, it must be used on or around the farm property. And it can only be used to complete farm-related tasks such as transporting feed for the animals, hauling fertilizer, grass, hay, or to transport equipment for repairs.

Farm truck insurance is intended to provide coverage only for farm vehicles. There are some insurance providers that will require the vehicle to have farm plates. However, it usually isn’t required to register farm vehicles with the DMV in most states.

A Change in Farm Equipment Insurance Standards

The specifications for farm vehicle insurance changed around the year 2000. Before those changes took place, farm vehicles were often covered under a farm liability insurance plan. However, the changes in farm truck insurance put separate insurance policies in effect for farm vehicles. Farmers now have the option to purchase an insurance plan that is designed for their farm vehicles such as their tractor or truck. These laws and regulations also apply to farm vehicles that are not registered with the DMV.

The Benefits of Farm Vehicle Insurance

When a farm vehicle is registered and insured, it can be used for extended personal use. These vehicles, often referred to as F-tagged vehicles, can be used for family care, shopping and other errands. All farm vehicles, regardless of if they are registered or not, must be titled. But, registering your farm truck will allow you and your family to get more use out of your investment. By using your farm truck for both business and personal tasks, it will become a bigger priority to have it insured.

Good Reasons to Have Your Farm Vehicle Insured

When you begin to think about the benefits of insuring your farm equipment, you will see how worthwhile it is to take out this form of coverage. Especially if you own a vehicle that can be used for personal tasks as well as for farming. A farm truck can be a great investment, and it is crucial to the operation of your farm. A farm truck that is registered can travel on public roads and may encounter an incident where they are in an accident with another vehicle.

If that occurs, you will want to have the right amount of coverage so that you avoid any out-of-pocket costs. Taking out an insurance plan on your farm truck will help you avoid these issues and keep you and your passengers safe while you are on the road.

Different Types of Coverage Available

Just like with car insurance, there are different types of insurance policies available for farm trucks. Most insurance companies will offer the same type of coverage; however, you should ask your agent if a certain form of coverage is available for your farm equipment. They can help you decide which type of coverage you will benefit from the most and how your vehicle is used to determine the coverage plan that suits your needs. You can choose to have the following added to your policy.

  • Bodily Injury Liability
  • Property Damage Liability
  • Medical or No-Fault Coverage
  • Comprehensive
  • Collision
  • Uninsured and Underinsured

To learn more about Farm Truck Insurance Policies, contact the experts at at (850) 942-7760. Our licensed insurance experts will be happy to answer any questions you have.”


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