Are You Putting Your Tractor Insurance at Risk by Doing Favours?
Helping out and ‘mucking in’ is a great tradition in local farming. That tradition goes right back to the earliest days when times were really hard and even basic survival was often a borderline affair for many people working the land.
Today that continues and here at White’s Tractors we are pleased to hear lots of ongoing stories about people helping each other out when they are in something of a jam.
However, where insurance is concerned, it’s important to pause for thought before diving in head first in your eagerness to do a favour for a mate with your agricultural equipment etc.
We don’t pretend to be experts in insurance but here are a few points you might want to look at carefully in advance:
- You may have one or more policies but they might only cover you, your equipment and your work, when they are used together in pursuit of your business rather than somebody else’s.
- So, some policies might only cover agricultural equipment when it’s used on land the policyholder owns or is contractually working, rather than someone else’s.
- In other situations you may find that lending kit to somebody else immediately invalidates any cover you might have in place including things such as theft and vandalism protection.
- Be a little bit cautious also about various forms of third party liability. If you lend a piece of your agricultural equipment to someone else and while using it they suffer injury due to defects in the kit then you may be legally liable for any damage claims they might lodge against you.
Now none of this is meant to put you off of doing a good turn for your neighbours and friends. Just make sure that before doing so, you understand what exactly it’s going to mean in terms of your various policies.
If in any doubt, don’t hesitate to call your insurance provider, as sometimes all they need to extend cover is for you to tell them what’s going on and get their agreement in advance.