Why do I need homeowners insurance?
For most of us, our home is the single biggest asset we will invest in. Homeowners insurance provides coverage for your personal belongings, coverage for damages to the
structure of your property, and liability
coverage which pays for bodily injuries and property damage to other people if you are liable.
When should I add coverage?
Generally, you should contact your agent about reviewing your coverage whenever you change something significant about your home or its contents, for example:
- When you put on an addition to your home
- When you start a business from your home
- When you make a major purchase
Types of coverage
Whether you own a house or condo, or you rent, your Farmers agent has an insurance program to protect you, your home, and your belongings. You need to ask yourself some
important questions regarding the coverages you
may need.
- For Your Home
- What kind of insurance policy do I need to protect my home?
- How can I make my home safer and possibly save money?
- Do I need mortgage protection insurance?
- How much would it cost to rebuild my home at today's prices?
- For Your Personal Belongings
- What would it cost to replace the contents or personal belongings of my home?
- Is there coverage to repair and/or replace the appliances in my home?
- Do I need to take an inventory and photographs of my belongings?
- For Your Additional Coverages
- What kind of protection do I need against liability claims?
- Do I need Earthquake insurance?
- Should I get Flood insurance?
- Do I need Personal Liability Umbrella coverage?
- Will I be reimbursed for living expenses if I cannot live in my home due to a loss?
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