Does my homeowner’s insurance policy cover my compact tractor?

A compact tractor is one of the fastest-selling products in farm equipment sales.

These tractors typically range from 25 to 60+ horsepower and cost between $15,000 and $60,000+. However, most fall outside the coverage of a standard homeowner’s insurance policy. This gap can lead to expensive repairs or replacements.

Many homeowner policies limit coverage for lawnmowers and garden tractors to 25-30 horsepower. Even an older tractor used for snow removal may exceed these limits.

For example, a John Deere 2720 (30.5hp) with attachments costs ~$32,000, while a John Deere X300 (17hp) costs ~$4,000. Some policies also cap coverage at $5,000, including attachments.

With a compact tractor, you likely invest in attachments like a mower deck, bucket, snowblower, or backhoe. Your homeowner’s policy may not cover these items if stolen, damaged, or destroyed.

Even if your tractor meets the horsepower limits, you may not recover its full value in case of loss.

Are You Covered for Personal Liability?

Many homeowner policies exclude liability coverage if you own or operate a lawnmower or tractor over 25-30 horsepower.

If you cause property damage or injury, you could be personally responsible for the costs. This includes damaging a neighbor’s car or causing a serious injury from a rollover accident.

How Can You Insure Your Compact Tractor

Most home insurers don’t provide coverage or charge high additional costs for compact tractors. Many cater to urban homeowners and don’t consider the needs of rural property owners.

To protect yourself, contact your broker to confirm if your tractor is covered. Check for horsepower and monetary limits in your policy.

If you are not provided insurance coverage, ask for a quote from your current property insurance provider.  Compare the coverage and price you can get with Tractor Protect.  

This solution is offered throughout Ontario by Duliban Insurance Brokers of the Niagara Region and underwritten by Trillium Mutual Insurance of Listowel, Ontario. Together these companies have over 200 years of farm related insurance experience.

Tractor Protect provides a comprehensive all risk policy designed for tractors, their equipment and accessories. There are no horsepower limitations or restrictions, and you can get coverage up to $80,000 on a replacement cost basis if your unit is 5 years or newer. You are also provided the peace of mind of $2 million in personal liability coverage specific to the use and operation of your tractor.

The interpretation of horsepower and values are removed and your investment and financial well-being is secure.

Through the Tractor Protect website in less than two minutes the policy can be:

• Quoted
• Purchased and Paid for
• Policy documents sent immediately to your email

The last thing anyone wants is to find out after the fact that they did not have the right policy for their needs. Nobody ever plans for things to go wrong but when they do, you will be happy to have the proper coverage.

Mike Virley

VP Member Services

Trillium Mutual Insurance