Tractor Insurance

In most cases, yes. Tractors are typically listed under the machinery and equipment section of a farm package policy. However, you need to ensure each tractor is individually listed with an accurate sum insured. Some basic farm policies may have sub-limits on machinery that are insufficient for high-value tractors.

Standard tractor insurance covers accidental damage but not mechanical or electrical breakdown from wear and tear. Some insurers offer optional mechanical breakdown extensions, which can be worthwhile for newer tractors still outside the manufacturer's warranty period.

Many policies cover implements that are attached to the tractor at the time of the incident. However, implements stored separately or not attached at the time of damage may need to be listed individually under your machinery section. Check your policy schedule to confirm each item is covered.

If your tractor is stolen and not recovered within a specified period (usually 30 to 90 days), the insurer will pay the agreed value or market value depending on your policy type. To support your claim, you will need to file a police report and provide proof of ownership such as purchase receipts or registration documents.

You need CTP (compulsory third party) insurance and registration if your tractor is used on public roads. Your farm policy's machinery section covers damage to the tractor itself, but CTP covers injury to other road users. Ensure both are in place to avoid a gap in your cover.

Yes, but options may be more limited. Some insurers set minimum conditions or maximum age limits, and older tractors may only be available on a market value basis. If your tractor is a classic or vintage unit with collectible value, specialist agreed value options may be available through certain insurers on our panel.

Leading farm insurers covering tractors include WFI, QBE, CGU, Elders Insurance, Zurich and Hollard. Each offers different excess structures, valuation methods and inclusion of attachments. At Shielded, we compare across these insurers to ensure your tractors are properly covered at the best available price.

Australian farm insurance typically includes cover for farm buildings and structures, contents and machinery, livestock, crops, public liability, farm motor vehicles, and business interruption. Most insurers offer a farm package policy that bundles these covers together. At Shielded, we compare packages from insurers like WFI, Elders, QBE, CGU, Zurich, Hollard and others to find the right combination for your operation.

Farm insurance premiums vary significantly based on property value, location, farm type, and the covers selected. A basic hobby farm package may cost $1,500 to $4,000 per year, while a large broadacre or cattle operation could range from $5,000 to $20,000 or more. Factors like bushfire or flood risk zones, claims history, and the value of machinery and livestock all affect pricing. Request a free quote through Shielded for an accurate indication.

Crop insurance is usually an optional add-on to a standard farm package, not included by default. It protects against losses from hail, frost, fire, flood and other weather events that affect crop yield and quality. Multi-peril crop insurance (MPCI) provides broader cover but is priced based on your specific crop type, location and historical yields.

Most comprehensive farm insurance policies include cover for bushfire, storm and flood damage to buildings, contents, machinery and fencing. However, coverage limits and excesses can vary significantly depending on your property's risk rating. Properties in high-risk bushfire or flood zones may face higher premiums or specific excess levels. It is important to review your policy details and sum insured amounts regularly.

Farm liability insurance (also called public liability) protects you against claims for bodily injury or property damage caused by your farming operations. If a visitor, contractor or neighbour is injured on your property, or your livestock escape and cause damage, liability cover pays for legal costs and compensation. Most farm package policies include $10M to $20M of public liability cover as standard.

Farm machinery and equipment are typically covered under the contents and machinery section of a farm package policy. However, high-value items like harvesters, headers, tractors and irrigation equipment should be individually listed with accurate sum insured values. Portable equipment and items used away from the property may need additional cover. Review your sums insured annually as replacement costs increase.

Contact us at Shielded Insurance on 1800 97 98 99 or reach out to your insurer directly. We recommend notifying us as soon as possible after a loss event, documenting the damage with photos, and keeping records of all related expenses. Our team will guide you through the claims process.

Yes. Hobby farms and lifestyle properties can be insured under specialist rural property policies or scaled-down farm packages. These policies typically cover the dwelling, sheds and outbuildings, fencing, a small number of livestock, hobby machinery and public liability. Insurers like CGU, WFI and QBE all offer hobby farm products. Premiums are generally lower than commercial farm policies.

We compare farm insurance quotes from a wide panel of Australian rural insurers including WFI, Elders Insurance, QBE, CGU, Zurich, Hollard, Nutrien Ag Solutions and others. The best insurer for your situation depends on your farm type, location, and the specific covers you need. As brokers, we do the comparison work for you.

Review your farm insurance annually at renewal, or whenever there are significant changes to your operation - such as purchasing new machinery, building new structures, expanding acreage, adding livestock, or changing your farming activities. Building costs and machinery replacement values increase over time, so keeping your sums insured up to date is essential to avoid being underinsured at claim time.