A Beginner’s Guide To Farmers Insurance

Homeowners insurance protects your home and its contents from damage caused by fire, theft, vandalism, storm, hail, windstorm, flood, floods, hurricanes, tornadoes or earthquakes, to name a few. Farmworkers and other workers who farm produce for others benefit from protection. With Farmers Insurance you can protect yourself and your family no matter where they go — whether it’s an accident that occurs at work, a trip to the beach on vacation, or simply a medical emergency. You may need additional coverage, depending on your needs. Learn more about what it covers in this step-by-step guide.

Home – Personal Liability Coverage This section will cover any personal injury, illness or disability that occur at your house or business while you’re away. Medical coverage is available for anyone staying home with serious health conditions. The cost of this coverage depends on your policy coverage amount and policy type. You can also have peace of mind knowing there are limits to how much you can spend on medical payments. See your plan’s details to see if it offers any limitations on coverage. Auto Protection Coverage For those traveling in automobiles, auto liability coverage may provide coverage for injuries you cause when in or near your car. It covers damage to your vehicle while using it to transport employees who work for employers, customers, visitors or business owners. Motorcycle Accident Insurance Many people use their vehicles to travel to their jobs, schools or college classes. When their vehicles get into accidents, this coverage pays for the costs related to repairs, replacement or repair of your vehicle(s). This coverage is sometimes referred to as comprehensive coverage. If you own a commercial vehicle, its owner’s liability coverage can provide financial protection no matter to whom it may injure. Some businesses offer coverage such as “Owners Non-Owners Commercial Vehicle” which provides liability coverage if one or more drivers and passengers cause bodily harm or property damage (such as trees or equipment) when operating one of their vehicles. Uninsured/Underinsured Motorist Coverage Some insurance plans allow drivers to carry collision and general liability coverage on their policies. They may also offer uninsured motorist coverage or optional coverage that allows them to pay additional money when their car is damaged due to another driver’s negligence. Workers Compensation What happens if you get injured while working on someone else’s property? Most workers compensation laws require that if someone else causes you an injury or illness during a covered trip, you must also share these expenses with their insurer. Typically, that means paying out-of-pocket for treatment and lost wages. Common Causes Of Losses An insured person loses property and coverage because of theft, fire, violence or natural disasters. Another common loss is that an insured employee has been diagnosed with cancer or other life threatening condition resulting in long term disability benefits. The insurance company would pay out that portion of the disability benefits to the individual in case the person is unable to work. Property Damage While you are driving your vehicle, the owner’s insurance policy might cover damages while traveling in a stolen vehicle or vehicle involved in a motor vehicle collision. Other types of losses include water damage and tree or fence damage. Also, some homeowners insurance policies might not cover accidental discharge of contaminants.

Theft Because theft happens all the time, home insurance covers many situations. But you may want to purchase special coverage to insure things like jewelry and expensive electronics if you frequently steal items from homes and businesses. Flood Insurance Coverages for flood damage vary widely among major insurance companies. This coverage pays for the full cost of your vehicle, plus up to your deductible, if you cause extensive damage to it. Think about it like roadside assistance.

Your insurer may provide payment if you’re behind on your car payments, or if you break down in a minor accident. Some states only pay you in the event it’s permanent damage. Health Only This type of coverage pays for all medical bills and services you experience while you’re ill. That includes doctors, hospital stays, prescriptions, lab tests, x-rays and physician visits. However, you must stay within limits so your claims must be denied if you don’t.

Payroll A separate type of coverage that focuses specifically on payroll. Employers pay on a monthly basis through direct deposit and by combining salary deductions and overtime. Small Business Owner’s Policy This insurance covers most small business owners, including landlords, construction contractors, engineers, architects and landscaping professionals. It can also help a homeowner minimize their potential losses by protecting against fire risk (such as blazes or smoke), pest infestations and vandalism. State Farm’s Basic Commercial Lines Policy As you plan on having an employee over, you should discuss if a company owner’s policy is right for you. Like larger insurance packages, a state farm policy offers extra coverage for you and your family’s cars and homes. Types of Coverage No matter what kind of coverage you have, it helps you understand your options. You can compare policies from different providers to find the best fit. Here’s a look at the following coverage types: Physical Damage This coverage pays for the full cost of your vehicle, plus up to your deductible, if you cause extensive damage to it. Think about it like roadside assistance. Your insurer may provide payment if you’re behind on your car payments, or if you break down in a minor accident. Some states only pay you in the event it’s permanent damage.