Farm Bureau homeowners insurance company is an offshoot of the original Farm Bureau. While it does have permission to use the Farm Bureau logo, it is an independent company with separate goals. However, it still focuses it insurance products to aid farmers and ranchers in its coverage areas. To learn more about Farm Bureau homeowners insurance companies, take a few minutes to read through this article.
Farm Bureau Homeowners Insurance Company History
The first Farm Bureau was created in 1911 by John Barron, as he separated the Broome County Farm Bureau from the county Chamber of Commerce. The first statewide Farm Bureau was formed in 1914 in Missouri and the national organization was created in 1919. These organizations were designed to provide an educational and social function to farmers and ranchers, but evolved into providing financial services, such as multiple lines of insurance. Today, Farm Bureau homeowners insurance companies are separated into state and regional organizations.
Farm Bureau Homeowners Insurance Company Policies
Farm Bureau homeowners insurance company policies will vary based upon the location of your home. You do not have to be a farmer or rancher to qualify for a Farm Bureau homeowners insurance policy; however, if you are a farmer or rancher, you may receive additional benefits as the policies are tailored specifically to the needs of farmers. If you are not a farmer or rancher, you can insure your home against the most common perils endangering homes. You will also be able to tailor your policy against specific perils common to your specific geographic location.
Farm Bureau Homeowners Insurance Company Additional Policies
In addition to homeowners insurance, Farm Bureau insurance companies offer other product lines. You can insure your farm and ranching buildings and equipment. You can purchase auto insurance, life insurance and health insurance. There are also annuity products that go along with Farm Bureau life insurance. Finally, you can find pet insurance, marine insurance, mobile home insurance and crop insurance. These policies will vary based upon the specific Farm Bureau agency in your area.
Farm Bureau Homeowners Insurance Company Financial Stability
Though each Farm Bureau agency in your region is separate, they all share a common brand name. This brand name provides the foundation of their financial stability. Most of the regional Farm Bureau agencies receive high financial stability ratings. A.M. Best, the leading financial ratings organization has continually rated the various Farm Bureau agencies with A or higher ratings. These ratings are reserved for the most stable financial organizations. Farm Bureau homeowners insurance companies are backed by significant assets and policyholder equity to provide stability through the toughest of economic times.
Compare Farm Bureau Homeowners Insurance Company Rates With Other Providers
While Farm Bureau homeowners insurance focuses on farmers and ranchers, that does not mean that non-farmers/ranchers cannot find a quality policy at the right price. The easiest way to determine if Farm Bureau can compete with other homeowners insurance companies in your area is to compare costs. This is easily done through homeowners insurance rate quotes. In only a few minutes, if done online, you can find multiple quotes from the best homeowners insurance companies in your area. Using these quotes you can find the most affordable homeowners insurance for you.