Farmers Insurance Homeowners Insurance Review

Farmers home insurance is appropriate for a wide range of homeowners. Its coverage is divided into three tiers, and its standard policy includes several money-saving features that help offset a higher annual rate than its competitors.

Let’s Learn More About Farmers Insurance

Farmers Insurance was founded in 1928 by Californians John C. Tyler and Thomas E. Leavey. Their fledgling company survived the Great Depression to become the Farmers Insurance Group, which is now headquartered in Los Angeles.

Farmers Insurance is made up of 46 separate companies that offer a wide range of products and services, including home, auto, and business insurance, life insurance, and financial services. Farmers Insurance Group serves over 10 million households and has over 19 million policies in force. It has approximately 48,000 exclusive and independent agents, as well as 21,000 employees.

Farmers Provides What Kinds of Home Insurance Coverage?

• Farmers standard policies include the following coverages:
• Dwelling coverage to protect against weather damage, as well as coverage for a detached garage, shed, guesthouse, greenhouse, or other outbuildings.
• Coverage for temporary lodging and food while your home is being repaired or rebuilt following a claim.
• Non-weather-related damage, such as fire, theft, and vandalism, is covered.
• Personal property insurance to cover your home's furniture, appliances, clothing, and other possessions. Please keep in mind that jewelry and collectibles may necessitate additional coverage.
• If you are found to be at fault, liability coverage will pay for medical and legal expenses incurred as a result of an injury to someone else on your property.

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Farmers Provides What Homeowners Insurance Discounts?

Farmers provide a number of homeowner insurance discounts. Because discounts vary by state and circumstance, it is worthwhile to research your options online and speak with an agent for more information.

• Combining homeowners insurance with another Farmers policy, such as auto coverage, can help you save money.
• Claim-free discount: If you haven't filed a claim in three years or more, you may be eligible for a 10% discount from Farmers, even if you're new to the company.
• Customers who have been claim-free with Farmers for five years or more may be able to avoid a rate increase following their next claim.
• Electronic Funds Transfer (EFT): a discount for using the Farmers Insurance website to set up automatic monthly payments.
• Farmers offer a good payer discount if you pay your premiums on time, and the company also offers an automatic payment plan.
• Installing fire alarms, sprinklers, a home security system, deadbolts, or window locks may qualify you for a discount.

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