HOME INSURANCE

HOME INSURANCE DEFINED

 

Your home is perhaps your most valuable possession, so you’ll want to make sure your insurer has withstood the test of time. Farmers® has been providing home insurance products for over 80 years and will be there in the event disaster strikes and your home is damaged in a fire or due to another covered cause of loss. Plus, get competitive rates with our multi-line insurance discounts. 

The Home Insurance industry loves its jargon. And unless you’re around it every day, as we are, there is a strong possibility it may leave you scratching your head, so here is a brief overview of the primary types of Business Insurance coverage.

 

PROPERTY
Home Insurance provides coverage for damage to your home and separate structures, such as a detached garage, typically caused by wind, fire, and vandalism (subject to limitations and exclusions).

POSSESSIONS
Your personal property is covered anywhere in the world. Coverage is comprehensive, including many types of damage and broad causes of loss (subject to exclusions). Contents Replacement Cost is included and pays for the cost of replacement without deduction for depreciation.

LIABILITY
Covers you when you’re legally liable for someone else’s bodily injury or property damage resulting from an accident, negligent acts by you or household members – on or off premises. Included are:

  • Costs to resolve claims or defend lawsuits brought against you
  • Acts of your pet both on and off your property; however, pets that have a “vicious” history may be excluded from coverage

MEDICAL EXPENSES
Pays medical costs for people injured at your residence (other than residents of your household), regardless of who is liable.

ADDITIONAL LIVING EXPENSES
Covers additional living expenses up to 24 months (depending on the policy type)is a covered loss makes your home unfit to live in.

 

 

OPTIONAL HOME INSURANCE COVERAGES

 

FLOATER POLICY
Provides extra coverage for specific items like art, jewelry, collectibles and more – stuff that has a little more value and falls outside the limits of your home policy.

IDENTITY SHIELD
Provides assistance in the resolution and coverage for losses due to identity theft, credit and public records monitoring and identity or travel documents replacement.

PERSONAL UMBRELLA
Supplements the liability coverage you already have on you home and auto policies, providing an extra layer of coverage when you need it most. (Your home policy must have certain limits in order for you to qualify.)

FLOOD
Flood insurance is a natural disaster that is not automatically covered under your home policy. Coverage for floods is available from the National Flood Insurance Program and we can help you submit your application.

EARTHQUAKE
Although extremely rare in Michigan, it has happened a couple time recently and is another natural disaster that is not covered under your home policy. Earthquake insurance can provide reimbursement for damage to your home resulting from an earthquake but must be purchased separately.

 

HOME INSURANCE DISCOUNTS

 

You may be eligible for a variety of discounts that may help to lower your home insurance premium.

  • Business/Professional Groups (i.e. Police Officers, Firefighters, Military, Doctors, RN’s, Engineers, Dentists, Teachers, etc.)
  • Multi-Policy (i.e. having your home and auto policies together with Farmers)
  • Home Renovation
  • New Roof Discount
  • New Home
  • Non-Smoker
  • Protective Devices
  • Fire Safeguards
  • Age 50+
  • And More!

 * Discounts apply to selected coverages, perils and policy types. Eligibility and actual percentage of discounts may vary.

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BUSINESS

Managing your small business can be complex, selecting the right Business insurance for your unique operation doesn't have to be. No matter the type of business, a Farmers agent can help you customize an insurance package to reduce your risk and protect your investment. Request a Business insurance quote today to get started.

HOME / RENTERS

Your home is perhaps your most valuable possession, so you'll want to make sure your insurer has withstood the test of time. Farmers® has been providing insurance products for over 80 years and will be there in the event disaster strikes and your home is damaged in a fire or due to another covered cause of loss. Get a Home insurance quote now.

AUTO

Comprehensive coverage? Collision coverage? Deductibles? Medical Payments? Where to begin? Your local Farmers agent can take the mystery out of selecting the right Car insurance coverage for your needs and budget. Get started with an online Auto insurance quote and learn about our insurance discounts that can help you save money.

LIFE

Have you asked yourself: "Do I really need Life insurance today?" Remember, Life insurance isn't just about you and it may not be about today. If you have a mortgage, plan to send your kids to college or just have long term financial goals, a Farmers insurance agent can help you with your unique needs. Request a quote today.

Famers Insurance | Jerffrey Peters Agency

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