Why do I need homeowners insurance?

For most of us, our home is the single biggest asset we will invest in. Homeowners insurance provides coverage for your personal belongings, coverage for damages to the structure of your property, and liability coverage which pays for bodily injuries and property damage to other people if you are liable.

When should I think about adding coverage?

Generally, you should contact your agent about reviewing your coverage whenever you change something significant about your home or its contents, for example:

• When you put on an addition to your home
• When you start a business from your home
• When you make a major purchase

Types of coverage

Whether you own a house or condo, or you rent, your Farmers agent has an insurance program to protect you, your home, and your belongings. You need to ask yourself some important questions regarding the coverages you may need.

1. For Your Home
   • What kind of insurance policy do I need to protect my home?
   • How can I make my home safer and possibly save money?
   • Do I need mortgage protection insurance?
   • How much would it cost to rebuild my home at today's prices?
2. For Your Personal Belongings
   • What would it cost to replace the contents or personal belongings of my home?
   • Is there coverage to repair and/or replace the appliances in my home?
   • Do I need to take an inventory and photographs of my belongings?
   • How do I protect my identity?
3. For Your Additional Coverages
   • What kind of protection do I need against liability claims?
   • Do I need Earthquake insurance?
   • Should I get Flood insurance?
   • Do I need Personal Liability Umbrella coverage?
   • How can I make sure there is adequate coverage for my valuables?
   • How much should my deductible be?
   • Will I be reimbursed for living expenses if I cannot live in my home due to a loss?