With farms having undergone quite a major commercial transformation, the use of trucks and other farm vehicles has seen a decent rise in the past few years. Farmers are expanding their inventory and using larger vehicles and modern machines to get the work done.
But if your vehicle aaa auto insurance ends up damaged, then the cost of repairs won?t be the only thing you end up paying. Immobilization of critical farm equipment means you might not be able to take care of your farm to the best of your abilities. That might lead to loss or damage of crops, which is detrimental in the long run.
All in all, farm vehicles are a significant investment for farmers, and getting them insured is a wise way to protect your investment, as well as your livelihood. This article discusses the importance of farm truck insurance and why you should get your farm vehicles insured now! Read on!
What Vehicles are Covered Under Farm Truck Insurance?
Initially, all farm vehicles were usually covered under farm liability insurance Texas. But post 2000, with the introduction of Farm Truck Insurance, separate insurance policies were set up for farm vehicles. Farmers can now go ahead and purchase insurance plans for their farm vehicles, i.e., trucks, tractors, etc. These laws apply to farm vehicles even if they aren?t registered to the DMV.
Why Should I Even Get Farm Truck Insurance?
Farm truck insurance generally covers all the perils that come associated with the use of a farm vehicle. That means damage due to unforeseen circumstances such as weather, accidents, and man-made events.
Farm and ranch insurance companies Texas also covers the cost of the third party liabilities of the farmer, which have resulted from any accidental damage that the third party has incurred. Moreover, AAA auto insurance also covers the cost of any damages incurred by the vehicle during transit.
Aren?t convinced yet? Well, here?s another kicker. Once the farm vehicle is insured, it can be taken out for personal use as well. These vehicles are commonly known as F-tagged vehicles and can be used for family care, errands, shopping, and so on.
This way, you and your family can get a lot more out of your investment, making it even more vital to get your truck insured as soon as possible. Even if the vehicle is involved in an incident on the road, Farm and Ranch insurance companies Texas will help you avoid out-of-pocket costs, provided you have the right coverage amount.
What are the Different Types of Farm Truck Insurance Policies?
Every type of farm vehicle has different insurance needs. By understanding the different kinds of farm truck policies available, farmers can opt for the most economical insurance solutions. There are four basic types of farm truck insurance. They are:
- Commercial Auto Policy: Ideal for heavy and extra-heavy trucks.
- Personal Auto Policy: Ideal for small-to-mid-sized pickup trucks used around the farm. That is the most cost-efficient way of ensuring a farm-use pickup truck. But there is a chance that the liability limit Maximus may be lower.
- Farm Auto Policy: This is a commercial auto policy that should be used to ensure the vehicles are exclusively used for farming purposes. That is done to reduce the risk for insurance companies; therefore, it can be a much more economical option for farmers.
- Farmowners policy: Ideal for unlicensed farm vehicles.
Farm truck insurance has a lot more to offer than what meets the eye. So if you haven?t gotten your farm truck insured yet, fret not! AAA Auto insurance has you covered. Get your farm truck insured now!