Why should I have renters, condominium or homeowners insurance?Insurance gives you the freedom to rest easy. Nothing compares to the peace of mind you get from knowing your home and property is protected in case a covered loss occurs. When a covered loss occurs, your Farmers home insurance will rebuild your home and replace your belongings. The most common types of Texas home insurance coverage include:
- Dwelling - With few exceptions, our homes are our single largest and most valuable investment. Our Farmers Next Generation policy covers your dwelling used as a private residence, including attached structures. We also cover materials for use in construction or repair of the property that are temporarily stored on the premises
- Separate Structures - Farmers covers separate structures on the premises that are either separated from the home, or attached to the home by a fence, utility line or breezeway. We don’t provide coverage for separate structures utilized for business purposes.
- Personal Liability - Farmers will pay all damage from an incident in which an insured is legally liable to pay because of bodily injury or property damage. The incident must be covered by our policy and we will pay up to the policy limit. We will, at our expense, defend an insured against any covered claim or lawsuit.
- Guest Medical - Should bodily injury occur, Farmers will pay the required medical expenses incurred by the invited guest at a home up to the policy limits and within three years of the injury.
- Personal Property - Most of us never stop to consider the cost of replacing all our furniture, clothing, appliances, and home electronics, but the out-of-pocket cost to replace all of these items at once would be overwhelming. Whether you own a home, condo, townhouse or you rent, your Texas home insurance will provide coverage for your personal belongings and the contents of your home owned or used by an insured anywhere in the world.
- Loss of Use - For a homeowner after a covered loss, Additional Living Expenses are paid when a dwelling becomes uninhabitable, and the homeowner must move out while repairs are made. For a landlord after a covered loss, Loss Of Rent is paid when a rented dwelling becomes uninhabitable, and a tenant must move out while repairs are made.
- Personal Liability - If someone is injured on your property or you cause damage to someone else’s property, you could be held legally responsible to pay for the injury or damage. Texas home insurance provides you with liability and personal protection coverage.
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