Why do I need homeowners insurance?

Protect your Home, Protect your belongings, and Protect the assets you’ve worked so hard for!
Dwellings and other structures - For most of us, our home is the single, largest investment we will make.   Homeowners insurance provides coverages for damage to your home and other structures on your property such as a shed or detached garage.

Personal Property - Homeowners insurance also provides coverage for your household contents and personal belongings. You may think your couch, coffee table, sweaters, shoes, coats, TV, VCR and CD player aren't worth a lot but those items all add up.

Personal Liability - Finally, in the event someone is injured on your property or you damage property that belongs to others, you could be held legally liable for the injury or damage.  A homeowner policy provides liability and personal property insurance to financially protect you should this ever occur.

Enjoy the benefits of Homeowner’s liability insurance even if you rent or own a condominium.  If you rent or own a condominium, you still need coverage for your household contents and personal belongings and personal liability.  There are specific policies designed for those who rent or own condominiums.

Your Home

With your Farmers Homeowners coverage, your house and separate structures on the premises (sheds, detached garages, etc.) are covered for almost any type of damage except for a few exclusions listed in your policy.

Find out more about home rebuilding costs.  Make your home safer and possibly save money on insurance costs.

Additional Living Expense

If your home is damaged and becomes uninhabitable, you may need to temporarily live somewhere else while your home is being repaired. Your Farmers Homeowners policy will pay you for increases in living expenses (housing, food, etc.) you incur while your home is being repaired as a result of a covered loss.

Personal Property

Your policy covers your on-premises personal property (household contents, personal belongings, etc), subject to the policy provisions. Your personal property is also protected anywhere in the world, for example,  if your clothes are stolen while on vacation, you're covered.  But there are special policy limits for your jewelry, watches, furs, silverware, firearms, computers and rugs or carpets made outside the U.S. For a complete list, please check with your Farmers agent.

Typically, your personal property is covered for damages resulting from the following:

Fire of lightning

Windstorm or hail

Explosions

Riots or civil commotion

Falling objects

Aircraft and vehicles

Sudden or accidental smoke damage

Vandalism or malicious mischief

Theft

Sudden and accidental discharge of water or steam from plumbing system or appliances

Building collapses
Personal Liability
Find out more about replacing the contents and personal belongings of your home.   Our inventory checklist will help you identify all your possessions in the event that they become damaged or are stolen.

Personal Liability and Medical Payments

Your Farmers Homeowners policy pays for bodily injury to other people, for which you are legally responsible, that result from unintentional acts by you or a qualified family member.  The policy also provides coverage for damage to of others, again, if you are legally liable.  With some exceptions this coverage applies anywhere in the world.  Find out more about liability coverage.

This coverage also pays medical payments for other people injured on your property, regardless of liability, up to certain limits stated on your policy.

Optional Coverage

There are many other optional coverages that are not part of your homeowners policy. They can be added to provide coverage above what your homeowners policy typically provides.  Some examples are:

Mortgage Protection Insurance
Identity Fraud Expense Coverage
Scheduled Personal Property  (jewelry, silverware, fine arts, etc.)
Personal Umbrella Coverage
Flood Insurance
Earthquake Insurance