Insurance Questions

My equipment was a total loss, what do I do with my insurance check?
When there is a total loss, please endorse the insurance check, send it to the following address and we will apply the amount to your account. Please include your account number.

U.S. and Canada
AGCO FINANCE
Attn: Insurance Coordinator
PO Box 2000 Johnston, IA 50131-0020

My insurance claim check is made out to both AGCO FINANCE and myself. I need to repair my equipment, what do I need to do?
Please send check, along with a copy of the work order and instructions to the following address. We will endorse and return the claim check via regular mail.

U.S. and Canada
AGCO FINANCE
Attn: Insurance Coordinator
PO Box 2000 Johnston, IA 50131-0020

Does my insurance continue after my loan is paid off?
If you purchased physical damage insurance through the AGCO FINANCE arranged program the coverage terminates on the maturity date of your loan or on the insurance expiration date noted on your loan contract.

Will I get a refund of insurance if I pay my note off early?
If you pay off your loan early, the refund of your insurance premium is built into your payoff amount. If you pay off your loan at the end of the term, there is no refund of insurance premium.

If I am late on my final payment when does my insurance expire?
Insurance coverage* usually expires on the scheduled final payment date, not on the date you make your final payment.

*Insurance information is on the acceptance notice "INS EFFECTIVE DATE" and "INS EXPIRATION DATE". Overage dates may not coincide with the date that you make your final payment. The insurance premium is calculated from the effective date to expiration date noted on your agreement.