Dwelling: Coverage is for the actual value of the house. Our built-in Value Protection Feature adjusts your policy limits based on current construction costs so there is no worry about inflation.
Separate Structures: Coverage for anything built on the property that is not livable. (ie detached garage, shed, brick wall or fence)
Personal Property: Coverage for Property on the Premises (75% of dwelling) and away from Premises. If your personal property is located at a secondary residence, such as a cabin or vacation home, the policy will pay up to $1000 or 10% of the on-premises coverage, whichever is greater.
Loss of Use: If you can not live in your house after a covered loss. We cover the additional cost of living in hotels, meals, etc. Pays up to 50% of the amount of insurance on your house as additional coverage with no deductible.
Personal Liability: Pays for bodily injuries
to other people, or damage to their property, if you are liable,
resulting from:
** The use of your premises, including swimming pools. Other
residential property you use as a rental can be added.
**The acts of your pets.
**Unintentional acts committed by you or qualified family members,
while engaged in such activities as hunting, fishing, and other
sports.
Pays medical payments for other people injured on your premises, regardless of liability.
Guaranteed Replacement cost on Building:
Protection to rebuild your house and separate structures, even if
the cost is higher than the stated limits on the policy.
Contents Replacement Cost: Extended protection
on your personal property to included the cost of repair or
replacement without deduction for depreciation. This additional
coverage pays the replacement cost up to four times the actual
cash value of the item.
Social Security Number: and FPRA Credit scoring is used to determine by far the largest discount Farmers has to offer. Like many other insurance companies, Farmers uses a risk modeling tool to predict the likelihood of future losses. This model is based on characteristics from your consumer (credit) report, but does not include any income, employment, or residence information. We believe that homeowners with a lower likelihood of future losses should pay less than homeowners with a higher likelihood of future losses. By providing your SS# and giving us your permission, we will be able to receive your FPRA score. This score is in the form of a letter of the alphabet from A to Z. We will use this letter to accurately determine your new rate. This will not reflect your credit rating in any way and we will only receive the score value only.
If you have any questions, contact Canfield Insurance Agency at (505) 857-0222 or
Email meCopyright © 1999 RW Canfield All rights
Reserved.