Insurance
Physical and Property Insurance
Protect your equipment and your business. Did you know when you finance your Kubota through our financing program, you can also protect your investment by choosing a Kubota insurance option that provides you:
Protection On and Off Your Property
Unlike a typical homeowner's policy, which may not meet the financing requirements of Kubota Canada Ltd., this valuable policy offers broader protection for your Kubota equipment. In addition to coverage off property and in-transit, this policy provides protection for larger equipment that is often excluded from your homeowner's policy.
Equipment Replacement
In the event of a total equipment loss the replacement policy gives you back your initial purchase price and start again with brand new Kubota equipment (excl. taxes, fees or delivery charges). (Not available in Quebec).
Convenient Payment Options
When you choose to finance your equipment through Kubota Canada Ltd. you may add the cost of the insurance to your loan payment. This means one convenient bill for all your required payments.
Low Deductible
A low $250 deductible will apply to a loss. This valuable policy is underwritten and issued by Chartis Insurance Company.
Policy Summary:
Feature | Typical Home Policy | Kubota Insurance Program |
---|---|---|
Wind or flood damage, including hurricane | Often excluded | INSURED |
Damage to equipment while being transported | Often excluded | INSURED |
Damage to equipment when used away from your property | Often excluded | INSURED |
Protection for larger tractors | May have limitations on the amount of coverage | Insured to full actual cash value |
Easy to participate | Require separate application and payment | Payment and enrollment included within equipment financing |
Retail Cash Selling price protection | May not be available | 100% payout of purchase price, less taxes, upon total loss if replaced with new Kubota equipment or new equipment of like kind and quality from original manufacturer |
Actual coverage is subject to the language of the policy issued. This policy is underwritten and issued by Federated Insurance.
Life and Disability Insurance
Whether your equipment is new or pre-owned, you're planning to use it for a very long time. You've chosen wisely and budgeted carefully, but the one option you shouldn't overlook is loan repayment protection. It's an option that will protect your investment in case of a financial breakdown.
Reduce the Impact On Your Family
If you were to suffer a fatal injury or illness, life coverage will pay off the insured portion of your loan.
If you are diagnosed with a covered condition, critical illness coverage provides a lump sum payment that will pay off the insured portion of your loan. A 'Living Life' benefit, critical illness insurance is designed to eliminate the financial strain of a loan, giving you the freedom to focus on getting well.
If you become totally disabled through illness or as a result of injury, disability coverage will take care of your loan payments.
Advantages:
- Provides affordable peace of mind to you and your family
- Insurance coverage that makes your liability an asset
- Premium cost is the same for all ages and occupations
- Benefits are non-taxable and paid in addition to your other
- workplace or private plans
- Payments made on your behalf do not have to be repaid
- Protects your savings
- Protects your credit rating
The Kubota Plan 60180 product is developed by iA-SAL, which is a division of Industrial Alliance Insurance and Financial Services Inc., a member of the iA Financial Group,and has been protecting customers and their families for over 50 years.