Don’t Catch Yourself Unprepared: Why You Should Ensure You’re Insured

Farming requires a great deal of time, patience, effort, and dedication in order to be successful. Also, of the utmost importance? Having the right equipment, which often involves a substantial investment.

As with any large investment, such as a home or a car, investing in the proper insurance policy for your farm equipment is a financial requirement that should always be top of mind. The practice includes several unpredictable risks, such as collision, theft, weather damage, or vandalism. However, many don’t realize equipment insurance is not typically included as a part of property insurance.

Physical Damage Insurance (PDI) coverage offers comprehensive physical damage coverage for production farmers, landowners, and hobby owners. Having the right policy in place offers peace of mind and ensures your investments and financial assets are protected and serves as a financial safety net should your equipment be damaged, cause damage to your property, or if it causes damage to another person.

DLL is proud to partner with Holmes Murphy in order to offer clients and customers the ability to bundle tractors, implements, attachments, and property damage insurance into one financing contract. This benefit also allows us to help dealers increase their revenue potential. Additional benefits to partnering with DLL and Holmes Murphy to bundle insurance with a financing package include:

• An easy, simplified process. Because the insurance is part of your financing deal, there is no need to provide proof of insurance when finalizing the purchase. It also only requires a one-time payment, which further simplifies the process. In addition, your premium is locked in for the life of the loan, regardless of whether or not interest rates rise.
• Excellent customer service. Making such a large purchase can often be stressful. DLL and Holmes Murphy have a dedicated team always on hand to assist with the process from start to finish, in addition to any claims you may need to make in the future.
• An industry standard for coverage. By adding coverage as a part of your financing deal, you can ensure that your tractor is covered whether or not an incident—including damage such as fire, theft, or wind— happens on or off your personal property.

Additionally, did you know Holmes Murphy also offers floorplan insurance? There are a number of additional benefits to our 25-year partnership that can protect you, your equipment, and your livelihood. Please call (800) 873-2474 x5129 to work with our knowledgeable team to protect your equipment for the entire life of your lease.