If you’ve got a number of motorised farm machinery, including farm utes, motor-bikes and quads, a Farm Motor policy is your best bet.

What does Farm Machinery and Motor Insurance cover?

Similarly to private motor and commercial motor insurances, there are three types of cover you can select on your motorised farm machinery and vehicles;

Comprehensive

Cover for repair or replacement of your machinery or vehicle as a result of loss or damage, included legal liability for damage or injury to third party property or persons.

Third Party Fire & Theft

Cover for repair or replacement of your machinery or vehicle as a result of fire or theft only, and includes legal liability for damage or injury to third party property or persons.

Third Party Only

Legal liability for damage or injury to third party property or persons.

Suited for people on farm property needing cover on different types of vehicles and machinery, a Farm Motor policy offers flexibility, market value and agreed value (on certain vehicle types). Usually a  lower rate than a standard private motor or commercial motor vehicle insurance, a Farm Motor policy can be either standalone (separate to your farm insurance) or combined into your Farm Property policy.

Why do I need Insurance on my Machinery?

Machinery can be expensive to fix! When you add into this your usually rural or remote location, availability of repairers and assessors, towing costs and the cost to hire replacement machines while you’re down, it pays to insure your machinery so that a quick repair or replacement can be arranged, getting you back in the seat fast.

If your machinery is leased or financed, your lender will want to see it comprehensively insured so that they are also protected if a loss or damage occurs, but even if you own the machine outright, you still have an expensive asset to protect and repairing or replacing will come out of your pocket!