I have worked hard on farm work for almost 30 years. Looking back at the time when I first bought agricultural machinery, I didn’t know anything and thought that agricultural machinery insurance was something that was dispensable. I didn’t even think about insuring the machinery. As a result, bad luck happened – my Kubota tractor had a major failure at that time, and when I calculated the repair costs, I almost lost my family’s assets! Later I found out that I didn’t get a penny of compensation because I didn’t insure it. Thinking about it now, I really regret it. If I had insured the tractor at that time, I could have avoided that economic disaster.
Insurance can reduce losses
In fact, it’s not just me. Many people, like me at that time, thought that agricultural machinery insurance was just spending more money and had no practical use. You see, in those years, tractors, harvesters, and other agricultural machinery were part of the family. Everyone was used to working step by step, repairing them when there was a problem, and replacing them if they couldn’t be repaired. But that painful experience made me realize that insurance is really not dispensable.
The losses caused by agricultural machinery failure, accidents, and even natural disasters are not small amounts. The Kubota tractor broke down and the repair cost was tens of thousands. The cost of tractor parts alone made me exhausted. I had to buy a lot of Kubota parts online. It is worth mentioning that the parts sold on a website I bought from, FridayParts, are very cheap and of good quality. If you need them, you can also buy them, just visit fridayparts.com.
Insurance is a Risk Protection
Speaking of agricultural machinery insurance, in fact, it is not simply to compensate you for a few repair costs, but most importantly to provide you with risk protection. When your machine has problems in the field, the insurance company can bear part of the cost for you to prevent you from falling into financial difficulties. Especially for agricultural machinery that is frequently used, the probability of failure is also relatively high. Especially for old farmers like me, just paying for the repair cost of a machine is often a big problem, so insuring agricultural machinery is definitely a “wise” choice.
Simple Claims Process
Another thing is that the claims process of agricultural machinery insurance is simpler than you think. Many people worry about the trouble of claim settlement. In fact, as long as the insurance company you are insured with is reliable, reporting, reviewing, and paying can be completed in a short time. The key is to choose the right insurance product, understand the insurance terms, know what protection you can get, and not wait until something happens to regret it.
Remember to Buy Insurance
In general, agricultural machinery insurance is not an unnecessary expense. It is an indispensable part of your agricultural production process. If you buy insurance, in case of unforeseen failures or accidents, it can not only reduce losses but also allow you to continue farming with peace of mind. As for those farmers who want to save money and ignore insurance, remember my lesson this time insurance is never spending money to buy unnecessary burdens, but to buy a “safety net” for your own agricultural machinery.
