Homeowners insurance protects you from potential financial losses to your home and attached structures. Dwellings included under this coverage can be a single-family home, townhouse, duplex or four-plex. Farm Bureau also offers different home insurance coverage if you live in a mobile home or condominium, or if you rent.
Chances are, your home is your largest and most important investment. Homeowners insurance coverage from Farm Bureau Financial Services helps protect you from financial loss if something unexpected — such as fire, windstorm or other covered loss — happens to your home.
With Farm Bureau Financial Services, you can choose the home insurance coverage that best fits your needs and budget. Talk to a Farm Bureau agent to determine which option is best for you.
Replacement Cost — Pays the full amount to repair or replace the damaged area of the home, without regard to depreciation. You must insure your home for at least 80 percent of the replacement cost, and replacement cost must be indicated in your policy.
Guaranteed Replacement Cost — Pays up to 125 percent of the amount of insurance you have on your home if you need to repair or replace it. This coverage helps when a storm does widespread damage and pushes the cost of labor and materials above the amount it would normally cost to replace your home.
Actual Cash Value (ACV) — This basic home insurance will reimburse you for covered losses to your home up to current value ― the age, condition and worth of your home are taken into account when settling losses.
Farm Bureau Financial Services also offers coverage for your special personal property, as well as for other buildings on your property, including garages or storage sheds.
It’s also important to include coverage in case someone is injured while visiting your home or you accidentally injure someone or damage their property while away from your home. For increased liability coverage, consider umbrella liability insurance.
The cost of your insurance, your premium, depends on the coverage you need and any discounts available to you. By insuring your home in combination with personal property, liability, vehicle and other insurance needs, you can save money with our one-deductible, customizable package policy, Farm Bureau Member's Choice.
Talk to a Farm Bureau agent today for a home insurance quote to make sure you’re protected from the unexpected.