Farmers Renters Insurance
How renters
insurance
helps cover
your valuables
Imagine for a moment
that you’ve just returned
home from a long day at
work to find that there has been a fire. Everything
you own has been destroyed: your TV, VCR, stereo,
all of your CDs, dishes, furniture and clothing.
Who will pay to replace all of your belongings?
Where will you stay until your apartment is
renovated?
If the unfortunate should happen and you suffer a
covered loss, a Farmers® Renters Package will
reimburse you for lost or damaged items. And, if
the loss makes your home uninhabitable, the
Farmers Renters Package will also pay the
additional cost of hotel, meals, and other such
related expenses.
While renters insurance can’t prevent a fire or
similar loss from occurring, it can bring you back
to where you were prior to the loss.
Provides coverage when your landlord doesn’t
Your landlord carries insurance should a loss occur.
Unfortunately, your landlord’s policy probably
won’t cover your personal belongings for the same
loss. The Farmers Renters Package fills this gap
with the coverage necessary to replace your lost or
damaged items.
Covered losses
These are some of the types of losses for which
your personal property is covered:
-
Theft
-
Vandalism
-
Smoke, if sudden and accidental
-
Sudden and accidental discharge of water or
steam from plumbing, heating or air
conditioning system, or household appliance
-
Fire or lightning
-
Windstorm or hail
-
Explosion
-
Glass breakage
-
Falling objects
-
Collapse of building
-
Vehicles
-
Weight of ice, snow, or sleet
-
Riot or civil commotion
-
Aircraft
Additional coverages
Loss of use
Your coverage pays the additional costs of living in
hotels, eating in restaurants, etc., while your living
quarters are uninhabitable due to an insured loss. It
also pays up to 20 percent of the amount of
coverage on your personal property with no
deductible.
Improvements, alterations and additions
We cover improvements, alterations and additions
to rented property, up to 10 percent of the amount
of coverage on your personal property.
Personal property away from home
This coverage applies to your personal property
anywhere in the world. However, if your personal property is located at a secondary residence, such as a vacation
home, the policy pays up to $1,000 or 10 percent of the amount of coverage provided
under personal property coverage.
Personal liability coverage
This coverage gives you and your family living with you 24-hour-a-day liability
protection against claims caused by almost any unintentional act, including:
- The acts of your pets
- Unintentional acts committed by you or qualified family members, either on or off
your premises
We cover reasonable medical payments for other people injured on your premises,
regardless of liability, up to certain limits stated on your policy. Necessary expenses
you incur at Farmers’ request, including up to $60 a day for actual loss of wages
are also covered. Farmers Renters Package policy even pays the premium on appeal
bonds, bonds to release attachments and the cost of bail bonds.
Emergency first aid
Your coverage pays expenses you incur for necessary medical
and surgical aid to other people at the time of an accident covered by the policy.
Damage to property of others
We’ll even pay replacement cost up to $500 per loss
for damage to property of others caused by a qualified family member where you are
not legally liable.
Optional coverages
Personal articles floater
This extends coverage for your personal
articles, such as jewelry, furs or fine arts, when their value is higher than the
limits stated in the policy. It pays up to the insured value of the article.
Contents
replacement cost
Extend the coverage on your person property to include the cost
of repair of replacement without deduction for the depreciation, but no more than
the policy limit, with this option.
Personal Umbrella Liability (Separate policy)
This provides coverage for $1 million or more of excess personal liability coverage
and, subject to exclusions, coverage for many situations not covered by your Renters
insurance.
Discounts
Non-Smoker Discount
If the qualified family members of your household have not smoked tobacco
products in the past two years, you can save money with our Non-Smoker Discount.
50 Plus Discount
You may qualify for our 50 Plus discount if you are 50 or more
years old.
Auto/Renters Discount
If your personal autos are also insured with Farmers,
you may qualify for a discount on your Renters policy.
Protective Devices Discount
Maintaining qualified protective devices, like fire alarms and deadbolt locks, may
also qualify you for additional discounts to your policy.