Homeowners insurance can help you ease the financial burden of repairing or rebuilding your home and replacing your belongings after certain commonplace disasters — like a fire, lightning strike, tornado or even a break-in. It also can help cover your costs in a lawsuit over an injury or property damage. With fast claims payments and multiple discounts available to help you build an affordable policy, find out why Farmers® home insurance is a smart choice.
Personal property coverage
Personal property coverage helps you repair or replace your personal belongings if they are stolen or damaged.
Example: Burglars break in and make off with your computer, jewelry and mountain bike. Depending on the type of coverage you select, this coverage could help you pay the cost of replacing them.
Personal liability coverage
Personal liability coverage can help pay costs if you’re responsible for accidental property damage or bodily injury to others.
Example: If your teenager accidentally hits a ball through a neighbor’s window, this coverage could help pay for a new window. Or if a guest slips on your icy sidewalk and hits their head, the coverage could help with medical bills and even legal bills from a lawsuit.
Dwelling coverage
Dwelling coverage helps you pay for repairs to your home and structures permanently connected to your home if an unexpected event that’s covered by your policy, such as a fire, windstorm, lightning or hail, causes damage.
Example: High winds topple a tree onto your roof. This coverage could help pay for roof repairs or a new roof. Tree removal may also be covered.
Loss of use coverage
Loss of use coverage, including additional living expenses, can help you pay to stay elsewhere if you can’t live at home because of damage caused by a covered event.
Example: Extensive repairs are needed after a fire guts your home. This coverage could help you pay to rent a home, condo or apartment while repairs are made, as well as reimburse temporary costs, like temporary internet service or increased commuting costs.
Water damage coverage
Certain, but not all, types of water damage are covered in a home insurance policy. If a leak is sudden and accidental, it’s generally covered. But flooding is not.
Example: If an appliance springs a sudden leak and water damages your floors, the damage is usually covered (unless poor maintenance was the cause). But if a sewer overflows into your basement, a homeowners policy typically does not cover repairs.
Other types of coverage
Medical bills
Medical payments to others coverage provides limited coverage for medical costs if someone outside your household is injured on your property, no matter whose fault it is.
Example: If a neighbor’s child breaks his arm while playing in your yard, this coverage could help pay for the trip to the emergency room.
Guaranteed replacement cost
In a time of escalating construction costs, if you have a covered loss, this optional coverage guarantees payment for the full cost to repair your home, even if it exceeds your policy limits.
Example: A tornado rips through your home, requiring a full rebuild. Your dwelling limit is $250,000 but lumber and construction labor push rebuilding costs to $300,000. This coverage can pay the difference.
Personal Umbrella coverage
Personal umbrella insurance provides additional liability coverage, in $1 million increments up to $10 million, over the liability limits in other policies you already have and for unusual risks that aren’t covered by your other policies. It can help protect your assets from lawsuits.
Example: A guest trips over a toy your child left in a hallway. He won’t be able to work for some time due to the injury, and the liability limits of your home insurance may not be high enough to cover his medical bills and other compensation. Umbrella can help cover the difference.