|
Renter’s insurance is a form of property insurance designed specifically to meet the needs of people who do not own their home. Whether you live in a house, duplex or apartment, renter’s insurance covers losses to your personal property. It helps provide the security of knowing that if you lost everything today in a covered loss, you wouldn’t be forced to start from scratch tomorrow.
- What is the value of your personal property? A Farm Bureau
Home Inventory Kit may be a useful resource to help you record your property and its value.
- Do you have any special items such as jewelry, cameras or electronics that may need extended coverage? Be sure to visit with your Farm Bureau agent about such items.
- Be sure to add liability insurance coverage in the event someone is injured while visiting your home or in case you accidentally injure someone or damage their property during personal activities away from your home.
- Do you want Replacement Cost or Actual Cash Value?
-
– If you have replacement cost insurance, Farm Bureau will pay you the full amount of what it would cost to replace the damaged item(s). Even if the item(s) has depreciated in value, you will receive the amount of money it would cost to replace it today with a brand new item(s). Limitations apply to items that are worn out or obsolete.
-
– With ACV, you will receive only what your damaged item(s) is worth. For example, if your refrigerator is 10 years old and is damaged beyond repair, Farm Bureau would pay you for the current value of your 10-year-old refrigerator, which would be less than it would cost to replace it with a brand new refrigerator.
|
Because it provides better coverage, replacement cost coverage is typically more expensive. Be sure to visit with a Farm Bureau agent to determine which coverage is best for your situation.
- Named Causes of Loss
- Special Causes of Loss
|
Provides coverage on your rented residence for the following causes of loss:
- Fire or lightning
- Explosion
- Windstorm or hail
- Riot or civil commotion
- Aircraft
- Vehicles
- Smoke
- Volcanic eruption
|
- Theft
- Vandalism or malicious mischief
- Falling objects
- Weight of ice, snow or sleet
- Accidental discharge or overflow of water or steam
- Rupture of heating, air conditioning or sprinkler systems
- Freezing
- Sudden and accidental damage from artificially generated electrical current
|
|
Note: If there is a loss that does not fall under one of these categories, it is not covered under the Named Causes of Loss policy.
Provides broader coverage than the Named Causes of Loss policy. This policy insures your residence against direct physical loss, unless the cause of loss is specifically excluded in the policy.
|
-
Loss of Use– Covers additional living expense if your home is not fit to live in because of a covered loss.
-
Property Loss Assessment– Coverage is provided for the policyholder’s share of loss assessment charged during the policy period by a corporation or association of property owners.
|
Earthquake Coverage– Covers direct loss caused by an earthquake.
Note:
Liability coverage for bodily injury or property damage to others is not included in the Renters insurance coverage. Look in the Related Links for additional information about Liability insurance.
|
|  |
 |
For additional information regarding Farm Bureau's products and services, please contact your local agent using the
Agent Locator. |
|
|
IMPORTANT: The information and material contained on this Web site is not an offer to sell or a solicitation to buy any security or any insurance product in any jurisdiction. No security or other insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction. Not all products are available in all states. Exclusions, limitations and reductions may apply. This Web site briefly highlights Farm Bureau's insurance policies and their benefits. The contract is contained only in the policy. Farm Bureau products are offered by Farm Bureau agents -- for more information about any Farm Bureau product, please contact your local agent or nearest office using the Agent Locator.
Property casualty insurance products are offered through Western Agricultural Insurance Company+ and Farm Bureau Mutual Insurance Company+/West Des Moines, IA in AZ, IA, KS, MN, NE, NM, SD, UT.
|
Back to Property Insurance
