Vacant Home Insurance Coverage
Types of coverage:
- Named Peril Coverage
This means we cover "perils" (fire, explosion, lightning, winds and hail damage) which are specifically named in your policy, subject to policy exclusions and conditions.
- Vandalism and Malicious
Many companies don't offer this important coverage on an unoccupied home, but Farmers does.
- Full 12 Month Policy
This means that we offer flexible payment plans and a pro-rated cancellation, in case you need to cancel before your year is up. Agreed Loss Settlement - If your home is destroyed by an insured loss, you receive the full amount of agreed upon insurance for your home (minus any applicable deductible). No hassles.
- Agreed Loss Settlement
If your home is destroyed by an insured loss, you receive the full amount of agreed upon insurance for your home (minus any applicable deductible). No hassles.
- Liability Coverage
This provides coverage if you're found legally responsible for an accident that causes injury to someone on the vacant premises or causes property damage.
- Actual Cash Value
In the event of a covered loss, this covers the cost to replace or repair your damaged property, with a deduction for depreciation, which reflects the age and condition of your home.
This brief summary is not a policy document. Please read the actual policy documents for your state for important details on coverages, exclusions, limits, conditions and terms. If there is any conflict between this summary and the policy documents, the policy documents will control. Not all products and discounts are available in every state.