Farmers Landlord Insurance Review

#7 in Landlord Insurance

Farmers insurance is insurance service that provides coverage for automobiles, residents and businesses. The company also covers pet health, recreational, life, financial, motorcycle and renters. It landlord insurance product provides rental property specific coverage for helping landlords get financial protection against losses incurred while renting their property.

Landlord Insurance Coverage by Farmers

  • Liability Coverage
  • Agreed Loss Settlement (Total Loss)
  • Named Peril Coverage (fire, hail, lightning, explosion, and windstorm)
  • Optional Replacement Cost
  • Optional coverage to protect landlords (loss of rents, personal property coverage, landlord personal injury, and other structures coverage)
  • Optional Extended Replacement Cost of up to 25% of coverage amount to replace a client’s home.
  • Actual Cash Value (Partial Loss)
  • Optional Replacement Cost
  • Comprehensive Property Coverage

Who’s Eligible for Landlord Property Coverage?

  • Row homes
  • Older and lower value homes
  • Vacation rental homes
  • Short term rentals (daily, weekly, monthly)
  • Landlords with multiple properties
  • Homes with minimal cosmetic conditions
  • Properties under minor renovation
  • Single. Duplexes, triplexes, and quads

Services:

Farmers Insurance offers liability coverage for injuries which occurred in the rental premises. It also provides agreement for loss settlement, repair services and protection for dwelling.

This insurance company offers extended replacement cost obtainable up to 25% in case a property is destroyed by any of the covered perils. Perils may be in a form of fire, earthquake, flood, malicious mischief, theft and vandalism.

There are several qualifications to acquire rental property coverage. These qualifications include multiple properties, short-term rentals and homes with nominal enhancing settings, row homes, vacation rental homes and properties under slight renovation.

Farmers payments and premiums may vary upon the applicant’s agreed coverage and services. This insurance company offers discounts for multi-policy holder, newly renovated structures and group savings.             

Services and Features

Claim Assistance

Premises Medical Assistance

Repair Services

Umbrella Insurance

Loss Settlement Agreement

Policy Statement

Coverage and Protection

Personal Liability

Fire

Earthquake

Flood

Malicious Mischief

Dwelling Protection

Fair Rental Income

Comprehensive Property

Legal Fees

Vandalism

Theft

Personal Injury

Inflation

Actual Cash Value

Replacement Costs

Types of Structures Covered:

Condominium

Apartment

Townhouse

Single-family Home

Duplex

Triplex

Quadruplex

Payment and Premiums:

Monthly Premiums

 

Cost of insuring a house

 

Discounts and Deductibles:

Multi-policy

New Renovation Discount

New Customer Discounts

Group Savings Discounts

Help Support and Usability:

Online Quotation

Online Payment

Online Claims

Coverage Calculator

Telephone

Email

FAQS

Landlord Insurance at Farmers

Farmers is a good pick for clients who are searching for cost-effective and comprehensive landlord insurance. The company provides a list of optional coverage which gives policyholders more selections and options. Simple eligibility requirements also makes it easier for property owners to qualify for its landlord insurance offer.  

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