Homeowners Insurance

Farmers Next Generation Homeowners policy was made with homeowners like you in mind.

The Farmers Next Generation Homeowners policy is the right choice. Your house, personal property and separate structures (such as a detached garage) are covered for many of the everyday risks you face as a homeowner in protecting your property and assets.

Separate Structures

The Farmers Next Generation Homeowners policy covers separate structures for an amount equal to 10 percent of the amount you choose for your house, However, flexibility allows increased limits for your unique and valuable separate structures (for an additional premium).

Personal Property

Your personal property is covered anywhere in the world. Your personal property usually located at a secondary residence is covered for up to 15 percent of the amount of insurance for your personal property. You can also schedule valuable property for more coverage for an additional premium.

Replacement Cost

A Farmers Next Generation Homeowners policy pays for losses to your home on a replacement cost basis up to the coverage limit you choose. When a house is rebuilt after a major loss, unexpected costs can significantly increase the overall reconstruction cost. That’s why the policy also includes Extended Replacement Cost coverage. This extra protection provides an additional amount of insurance up to 25 percent of the limit of insurance on the house. Contents replacement cost coverage is also included.

Building codes

Building Ordinance or Law coverage, covering the cost of complying with building codes after a covered loss, is included in the policy up to an additional 10 percent of the amount of insurance for your home.

Loss of Use

Loss of Use coverage is noteworthy if your house is rendered uninhabitable by a covered loss. The Farmers Next Generation Homeowners policy will reimburse your for reasonable and necessary additional living expenses to maintain your normal standard of living during reconstruction or repair until the house can be lived in or the policy will pay the fair rental value of the part of your home where you live less any expenses that do not continue while your home is uninhabitable (for the shortest time required to repair or replace the damage). We will also pay the fair rental value of the part of the residence rented to others (for the shortest time required to repair or replace the damage).

Optional property coverage’s

We want you to be able to tailor coverage to fit your needs. You may want to consider getting these optional coverages at additional cost:

Extended Replacement Cost coverage on your house— You can increase the coverage included in the policy to 50 percent (of the limit of insurance on the house) to repair or replace the damage caused by a covered loss.

Personal liability

Covers many instances when you’re legally obligated to pay for bodily injury or property damage to others, resulting from events such as:

  • Use of your premises, including swimming pools
  • Acts of your pets
  • Unintentional acts committed by you or qualified household members, either on or off your premises

Your personal liability coverage also includes expenses we incur defending you against covered lawsuits, such as court costs and attorney, investigator and witness fees.

Optional Coverage’s available

  • Extended Replacement Cost coverage on your home
  • Jewelry Floaters
  • Furs
  • Fine Arts
  • Silverware – Gold ware
  • Coins
  • and much more

Farmers’ wants you to choose coverage that fits your home and your needs. You can add these endorsements for additional premium.