America. | Farms With CASE - 10/12/2025 21:23
Really going to depend on what coverage you have, the insurance adjuster, and your agent. Our equipment is insured to a value we define. In a total loss they write a check minus the deductible. It's that simple. In a partial loss they ask for an estimate from a dealer and write a check for that repair estimate up to the covered amount minus the deductible. Again, that simple.
Now, if you have insurance like most automobile policies it gets a bit trickier as they want to low ball you and depreciate it and find any thing else to cut their responsibilities.... depend on the things I first mentioned.
Yeah, no. You can assign a value on a piece of equipment but they will use market value of that equipment. If you have a tractor with $100k actual market value and insure it for $200k, you ain't going to get $200k, unless you can prove it's value. Tough in this market environment. |
Combine fire, ins questions?
