Homeowners Insurance
Your home is like no other. And the Farmers Next Generation Homeowners policy was made with homeowners like you in mind. It
fits your home and your needs.
Our homeowners policy covers:
Separate structures
The Farmers Next Generation Homeowners policy covers separate structures for an amount equal to 10 percent of the reconstruction cost of your
home.
Personal property
You'll rest easy knowing that your personal property is covered anywhere in the world. Your personal property usually located at a secondary
residence is covered for up to 15 percent of the amount of the insurance for your personal property.
Replacement Cost
Our policy pays for loss to your home on a replacement cost basis up to the coverage limit on your policy. There is no deduction for age, wear and
tear and other depreciation. In addition, under the extended replacement cost coverage included in the policy, we will pay up to an additional 125
percent of the limit of insurance on the house, if necessary, to repair, rebuild or replace covered damage to your home.
Contents replacement cost coverage is also included. This means your damaged personal property will also be repaired or replaced without
deduction for depreciation.
Building codes
Building Ordinance or Law coverage, covering the cost of complying with building codes after a covered loss, is included in the policy up to an
additional 10 percent of the amount of insurance on your home.
More Coverages
The policy doesn't stop there. It also includes these coverages (amounts and terms of coverage are spelled out in the policy contract):
*Identity fraud including unauthorized use of credit card
*Damage from artificially generated electrical current
*Food spoilage
*Arson, burglary, vandalism apprehension rewards
*Fire department service charge
*Lock re-keying
*Trees, shrubs, plants and lawns
*Golf carts, riding lawn mowers and assisted living devices
The "Loss of Use" coverage is noteworthy. If your home is rendered uninhabitable by a covered loss, our policy will reimburse you for reasonable
and necessary additional living expenses to maintain your normal standard of living (such as staying in a hotel). Under this coverage, we pay you
for additional living expenses you have incurred up to an amount equal to 40 percent of the coverage limit. We will also reimburse you for "loss of
rents" for up to 12 months.
Personal liability
Our policy covers many instances when you're legally obligated to pay for bodily injury or property damage to others, resulting from events such
as:
*Use of your premises, including swimming pools
*Acts of your pets
*Unintentional acts committed by you or qualified household members,
either on or off your premises
Your personal liability coverage also includes expenses we incur defending you against covered lawsuits, such as courts costs and attorney,
investigator and witness fees. It also pays expenses you incur at Farmers' request, including up to $250 per day for actual loss of earnings when
we ask you to attend hearings or trials as well as the premium on the bonds required in a lawsuit we defend. Liability coverage is not subject to
deductible.
Damage to property of others
In addition, at your request, we pay replacement cost up to $1,500 for damage you or your qualified household member caused to the property of
others.
Other optional coverages are available including:
*Extended Replacement Cost coverage on your house up to 150 percent of the amount of insurance on your home
*Higher limits for Building Ordinance or Law coverage
*Scheduled Personal Articles coverage endorsement for jewelry, furs,
fine arts, or silverware/goldware, etc.
When it comes time to insuring your home give us a call and let us help you find a policy that is right for you!
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