Insurance 101 With Elaine Mahr – Expert Contributor
Do you have home owners insurance? When was the last time you reviewed your polity? Your home is where you hang your hat, where your family sleeps, and where you keep your valuable and meaningful belongings. When it comes to protecting your investments, there are few things more important than insuring your home.
That’s because Homeowners insurance can help you:
- Cover your property and possessions if they’re damaged or destroyed by a covered loss.
- Protect your assets if you’re sued for your alleged negligence that caused an accidental resulting in property damage or injury to another.
To know you’re covered the way you want, it’s important to know how much coverage you want, and which coverage options are available to you.
Homeowners Insurance Audio File:
Flood Insurance
Flood insurance is a good buy, even in low or moderate risk areas, as nearly 25 percent of all flood insurance claims come from low-to moderate-risk areas.* *http://www.iii.org/media/facts/statsbyissue/flood/ **Although this statistic is from a reputable source, it comes from a third party website, and Farmers is not responsible or liable for information provided.
Landlord
We’ll insure your tenant-occupied dwelling, other structures, and furnishings. Additionally, we offer a landlord package that includes coverage for personal property, loss of rents, and landlord liability.
Mobile and Manufactured Homes
We insure a variety of home types. From mobile to manufactured, to multi-sectional to modular, and more, we can make sure that your home is protected.
Motor Homes
Shield yourself from a number of troubles, such as being stranded without the shelter of an intact mobile residence. Save thousands of dollars with our Total Loss Replacement coverage option that lets you claim money for replacement parts at the original worth you paid, not the depreciated value after age and usage.
Personal Liability Coverage
Are you protected if someone is injured on your property, for example, by a dog bite that could necessitate reconstructive surgery? Personal Liability provides protection in such an instance. It also extends financial protection to you should you cause an accident to or on someone else’s property.
Personal Property Coverage
Are your wedding bands or other valuables covered? What about your home entertainment system? Personal Property Coverage can make sure that these items and your personal belongings are protected.
Personal Umbrella Liability Coverage
A Personal Umbrella Policy serves to shelter you from exceeding the limits in your coverage.
Renters
This insurance combines coverage for your personal property with personal liability insurance, in the event that someone is injured on your property or you damage your neighbor’s property. Give yourself the peace of mind that your expensive electronics are safe at home.
Residential
In the event that the unexpected occurs, you’ll still have a home, and your personal belongings will also be covered.
Specialty Homeowners
Maybe the home you’re looking to insure is only seasonal or secondary for you. Or it might be more difficult to insure because of a variety of reasons, such as cosmetics, age, low value, or issues with applicant background, including credit issues and previous insurance declines. In all these instances, Farmers can still protect your home.
Travel Trailers
We offer a number of ways to customize your travel trailer insurance options, including comprehensive coverage, emergency express, stationery travel trailer, towing and roadside, emergency expenses, campsite/vacation liability, total loss replacement, and more.
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