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Coverage For Landlords
Get a Quote |
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| A Package of
Coverage for Landlords: |
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| If you own a one- to four-family
dwelling that you rent to others, Farmers has a coverage package
tailored to fit your needs. |
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| Real property |
| Your house and any separate
structures used principally as a private rental residence are
covered for almost any type of damage. The exceptions, such as wear
and tear, earth movement (including earthquake), flood, and nuclear
hazard, are listed in your coverage.
If your house is rented to others, all
attached structures and wall-to-wall carpeting is covered up to the
limit you select.
Separate structures on your rental property, such as a detached
garage or toolshed, are covered up to 10 percent of the amount of
coverage on your rental dwelling. Optional higher amounts are
available.
Separate structures used for manufacturing,
commercial or farming purposes are not covered by this policy.
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| Personal
property |
| Your personal
property is covered for up to 5 percent of the amount of coverage on
your rental dwelling. Optional higher amounts of coverage are also
available. Your personal property at the rental dwelling is covered
for a loss caused by the following: |
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Fire
or lightning
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Windstorm or hail
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Explosion
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Riot
or civil commotion
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Aircraft
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Vehicles
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Smoke,
if loss is sudden and accidental
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Vandalism
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Falling objects
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Weight
of ice, snow or sleet
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Sudden
and accidental discharge of water or steam from a plumbing, heating
or air conditioning system, or domestic appliance
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Burglary |
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Freezing of domestic appliance |
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Sudden
and accidental electrical damage to appliances and fixtures (but not
tubes or transistors)
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Damage
resulting from sudden and accidental bulging, cracking, rupture, and
burning of steam or hot water heating systems and hot water heaters
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| Additional
Coverages |
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| Trees, plants,
shrubs and lawns |
You are covered up to an
additional 5 percent of the amount of coverage, but not more than
$500 per item, for loss by fire or lightning, explosion, riot or
civil commotion, aircraft, vehicles not owned or operated by a
resident, vandalism, and theft.
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| Loss of rents |
If you experience a loss of rents
due to your property being unlivable as a result of a covered
disaster, you will be reimbursed for those losses. We pay for the
shortest time needed to make the rental livable – up to 12 months.
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| Fire
Department Service Charge* |
Your coverage pays up to $500 on
top of your other coverage, with no deductible, for service charges
made by a fire department.
*Not available in Arizona. |
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| Debris Removal |
You are also covered up to an
additional 5 percent of the amount of coverage on the residence
premises for reasonable debris removal expenses following a covered
loss.
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| Liability
Coverages |
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| Expenses |
Your liability coverage includes
expenses in a suit we defend on your behalf, including court costs,
attorney fees, investigator fees, expense of witnesses and witness
fees. Also any expenses you incur at Farmers’ request, including up
to $60 a day for actual loss of wages are covered. In addition, this
policy pays the premium on appeal bonds, bonds to release
attachments, and the cost of bail bonds.
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| Emergency
first aid |
You’re covered for necessary
medical expenses incurred by other people.
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| Business
liability |
You are covered for damages
resulting from bodily injury, personal injury or property damage
arising out of the ownership, maintenance or use of a rental
dwelling.
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| Discounts |
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| New home
discount* |
If your house was constructed
within the past eight years, you qualify for a New Homes Discount.
The actual discount depends on the actual age of your house.
*Electrical systems discount in Minnesota and Missouri.
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| Home
renovation discount* |
If you have recently renovated
your plumbing, electrical, and heating/air conditioning systems, you
may qualify for our Home Renovation Discount.
*Not available in all states.
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| Optional flood
coverage |
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| Coverage for flood is available
from the National Flood Insurance Program. If you are interested,
your Farmers agent can submit an application for you. This is not a
policy contract but a general description. The policy itself should
be read for the coverages and exclusions. The policy deductible
applies to all coverages mentioned in the folder unless otherwise
stated. |
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