Farmers Renters Insurance Review (2020)

Jenna Harris September 6, 2020 15 No Comments

Farmers Renters Insurance Review (2020)

Renters insurance coverage covers harm to your private belongings, legal responsibility claims from neighbors, medical payments for visitors who’re injured because of an accident in your house, and extra dwelling bills in case your dwelling is quickly unlivable. Farmers is one such supplier of any such insurance coverage with greater than 90 years of expertise within the trade, low deductibles, and distinctive reductions.

The This Old House Reviews staff desires to make your seek for renters insurance coverage simple, so we put collectively this Farmers renters insurance coverage evaluate with particulars on the corporate’s protection, pricing, customer support, and extra.

Pros and Cons of Farmers Renters Insurance

Here are the benefits and downsides of Farmers renters insurance coverage:

Pros & Cons

Provides a non-smoking low costNot accessible in all 50 states
Has over 90 years of trade expertiseProvides just one add-on protection possibility
Offers a deductible as little as $100

Farmers Coverage

Farmers doesn’t present an inventory of coated perils on its web site, however listed here are a number of occasions which might be coated:

  • Theft
  • Fire
  • Vandalism
  • Damage by automobile
  • Falling objects
  • Water harm not from flooding
  • Extreme climate
  • Weight of snow, sleet, or ice

Before buying a coverage, discuss to a Farmers insurance coverage agent to get a full listing of coated occasions.

A Farmers renters insurance coverage coverage has 4 elements:

  • Personal property—This protects the belongings you have got in your condominium or rental residence. Take stock of your objects, estimate their worth, and add up the prices. You wish to get at the very least that a lot protection so that you just don’t should pay out of pocket to exchange something when a coated peril damages your belongings.
  • Loss of use—If a hearth damages your condominium or a pipe bursts and causes water harm, you might be kicked out quickly for repairs. Your coverage will cowl extra dwelling bills throughout that point, love the price of a resort room or meals.
  • Liability—If you’re discovered answerable for an occasion that injures a neighbor or damages their property, your coverage will cowl the medical or restore prices. Farmers could even pay for any authorized charges in case you’re sued.
  • Medical funds to others—If a visitor is injured in your house, your coverage will cowl their medical payments.

In Virginia, right here’s how a lot insurance coverage protection you will get with a Farmers renters insurance coverage coverage:

Farmers Coverage Breakdown

Area of CoverageAmount Range
Area of CoverageAmount Range
Personal propertyNo restrict
Loss of use20% of non-public property
Liability$100,000, $200,000, $300,000, or $500,000
Medical funds to others$1,000, $2,000, or $5,000
Deductible$100, $100 for theft; $250 for all the things else, $250, $500, $1,000, or $2,500

Farmers Optional Coverage

The solely add-on possibility that Farmers renters insurance coverage gives is id protect. However, you should buy separate insurance coverage insurance policies to enhance your renters insurance coverage. These embody pet insurance coverage to guard the prices of proudly owning a pet and umbrella legal responsibility insurance coverage to develop your legal responsibility protection throughout a number of insurance policies, love renters and automobile insurance coverage.

How Much Does Farmers Renters Insurance Cost?

Farmers doesn’t promote what a typical buyer pays on their web site, so we acquired a quote utilizing their on-line quote instrument to present you an thought of what a month-to-month premium would price. Here’s a quote for a one-bedroom condominium in Alexandria, Virginia:

Farmers Cost Breakdown

Area of CoverageCoverage Amount
Area of CoverageCoverage Amount
Personal property$25,000
Loss of use$5,000
Personal legal responsibility protection$100,000
Medical funds to others$1,000 per particular person
Monthly price$29.86

To get your personal quote from Farmers, have the next data prepared:

  • Name
  • Address
  • Date of beginning
  • Number of models within the constructing
  • Safety options in your house
  • Marital standing
  • Gender

Customer Service and Claims Support

You can handle your Farmers coverage and file a declare utilizing the Farmers buyer portal on the web site or the cellular app. To discuss to a Farmers agent, name 888-327-6335 for normal customer support questions or 800-435-7764 for claims questions. The claims processing middle is open 24/7, however the customer support line is just accessible Monday by Friday, from 7 am–11 pm and Saturday by Sunday, from eight am–eight pm.

Compare Farmers to the Competition

If you’re undecided whether or not Farmers is best for you, examine it to different top-rated renters insurance coverage firms under.

Compare Renters Insurance Companies

CompaniesFarmersLemonadeLiberty Mutual
CompaniesFarmersLemonadeLiberty Mutual
Known forNon-smoking low costGiveback programOver 100 years of expertise
Monthly valueAbout $30As low as $5As low as $5
Customer service24/7 for claims; restricted for customer supportOnline24/7 for claims; restricted for gross sales and repair
BBB rankingA+B+A+

Our Conclusion

Farmers gives customary renters insurance coverage with lack of use, medical funds to others, legal responsibility, and private property protection. Not to say, you will get a deductible that’s as little as $100, whereas different firms solely have deductibles as little as $250. You also can get a reduction for not smoking in your house, which isn’t usually provided by different insurance coverage firms.

Before buying a Farmers renters insurance coverage coverage, we suggest getting quotes from at the very least two different suppliers to be able to examine the protection choices and month-to-month premiums:

Farmers Overview

  • CEO: Jeffrey Dailey
  • Years in enterprise: 92
  • State availability: 36
  • Address: 6301 Owensmouth Avenue
  • City/State: Woodland Hills, CA
  • Zipcode: 91367
  • A.M. Best monetary power ranking: A

Frequently Asked Questions About Farmers

What states is Farmers renters insurance coverage not accessible in?

Farmers will not be accessible in Alaska, North Carolina, South Carolina, Mississippi, West Virginia, New Jersey, Rhode Island, Massachusetts, Vermont, New Hampshire, or Maine.

Why would somebody need renters insurance coverage if their constructing proprietor has insurance coverage?

The insurance coverage that the owner has solely protects the constructing, not your private belongings. Some landlords additionally require renters insurance coverage in order that they’re shielded from legal responsibility claims.

Can I get Farmers renters insurance coverage on-line?

Yes. Farmers has a web-based quote instrument that means that you can fill in your private data and details about your rental property. The web site gives you a quote and you’ll select to buy a coverage after reviewing your choices—all of this takes lower than 10 minutes.

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