Coverage

Your equipment. Our protection.

Help your customers protect their equipment with UltraGard physical damage insurance. We provide coverage to customers who finance their new, used, or leased equipment with John Deere Financial by building payments into their finance plan.

Included coverages

UltraGard provides multi-peril coverage, which includes but is not limited to:

  • Fire
  • Collision
  • Earthquake
  • Tornado
  • Upset or overturn
  • Damages while in transit
  • Theft
  • Foreign object ingestion
  • Vandalism
  • Hail
  • Flood
  • Wind
  • Lightning
  • Animal damage

Property coverages

The items listed below are covered if they are sold or leased under a loan contract, retail installment contract, or equipment lease:

  • Machinery
  • Equipment
  • Attachments
  • Trailers
Black divider line

Excluded coverages

  • Government, war, or military action
  • Nuclear hazard
  • Delay or loss of market
  • Faulty material or workmanship
  • Unexplained disappearance
  • Wrongful conversion
  • False pretense
  • Unauthorized transfer
  • Wear and tear
  • Mechanical breakdown

Ineligible property

  • Motor vehicles designed for primary use on public roads or highways
  • Drone aircraft

Deductibles and valuations

  • Agricultural and consumer use: $500
  • Commercial and industrial use: $1,000

Deductibles are based on use at the time of loss.

Valuation is an actual cash value up to the cash price, whichever is less.

Effective July 1, 2005, all cotton strippers financed on a John Deere Financial (JDF) retail note or lease, which include UltraGard Physical Damage Insurance, will have a $500 deductible (reduced from $5,000 deductible). This change applies to JDF contracts with an effective date of July 1, 2005 or later.

Effective July 1, 2003, the deductible on cotton pickers will be $5,000 for any loss, except by fire. For loss caused by fire, the deductible is the greater of $5,000 or 3% of the original selling price (prior to any trade-ins or other allowances).

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