You’ve realized the dream most Americans strive for – buying a home! Purchasing a new house requires you to make many decisions and financial preparations. Your home is one of your most valuable assets and it’s crucial that you protect your investment in it. Farm Bureau provides a wide variety of dwelling coverages from which you can choose to fit your individual needs.
Homeowner’s insurance is a must for anyone who is purchasing or owns a home. Having a homeowner’s policy in place is the best way to help make sure that when unexpected events occur, you are not caught off guard. Your policy can cover the cost of replacing your clothes, furniture, electronics and other property in the event of a fire, burglary or natural disaster. Do you have an inventory of your personal belongings? The
Home Inventory Kit in the Related Links section may be a helpful resource for you. It is important to protect yourself if someone is injured at your residence or as a result of your personal activities away from home. A Farm Bureau agent can help you decide what type of coverage is appropriate for you.
Personal
umbrella liability insurance provides you with additional liability coverage that starts where your underlying homeowner’s and vehicle limits stop. You may purchase from $1 million to $10 million of coverage in addition to your underlying liability coverage. This additional coverage may protect you against financially crippling lawsuits or claims for bodily injury, property damage or personal injury liability.
A Farm Bureau agent can provide you with many types of
life insurance available.
Term life insurance is a good source of supplemental life insurance for you if you already own an insurance policy. It’s affordable, and it provides coverage during those times when you’re taking care of life’s specific needs, such as buying a house or paying on a mortgage.
Any significant life change – such as buying a home – can be a reason to examine the arrangements you’ve made in the event of your death. An
estate preservation strategy can help ensure that your assets are distributed according to your wishes. With a strategy in place, less money goes toward administrative costs, estate taxes and probate expenses. It is important to make sure your beneficiary designations and other elements of your estate preservation strategy reflect your wishes today. Estate preservation is an ongoing process. Review your strategy often with your Farm Bureau agent and financial advisers as necessary to make sure it is up-to-date with your present wishes.
