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  • Writer's pictureFarmers Mutual SC.

Basic Homeowners Policy Is Sometimes Not Enough- Here Is Why

As your career progresses and your income increases, it’s important to keep your insurance policy up to date. That way, you will avoid any gaps in coverage and prevent paying too much out of pocket in case of claim. Homeowners policy grows with you.

Farmers Mutual Insurance gives you the flexibility to easily add affordable comprehensive coverage to your policy.

Extended dwelling coverage includes full reconstruction costs that your current homeowner’s policy may not accurately reflect. It helps you rebuild if costs change and add up more than your current policy. This policy may cover for debris removal, contractor costs, construction fees and permits, architect’s fees, etc.

Building ordinance or law coverage policy exists to help you cover fees and higher costs that may occur in case of building codes change. In case your home needs to be rebuilt or repaired, you will have to build according to current building codes and this policy may save you thousands.

Replacement cost up-front coverage allows you to choose not to rebuild at the original location following a covered total loss. Therefore, you will get a payout to apply to the purchase or construction of a new home in a new location.

Personal property replacement cost coverage helps cover costs of replacing personal property (electronics, art, jewelry, furniture) with no deduction for depreciation. You get an identical amount instead of settling for something of lesser value.

Personal offense coverage protects you against a variety of lawsuits and damages related to libel, slander, defamation of character, invasion of privacy and other offenses. It may include comments made on social media by you or your children.

If you’re unsure or if you’ve outgrown your current coverage, contact us today to help you get your homeowners policy up to date.

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