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Renters & Condominium Owners Insurance

Farmers Renters & Condo Owners Policy

Protect your valuables in the event of a loss.


Homeowners, renters insurance provided by the Norm Foster Insurance Agency of Lakeville MN. Serving Apple Valley Bloomington Burnsville Chanhassen Chaska Eagan Eden Prairie Edina Elko New Market Farmington Inver Grove Heights Lakeville Prior Lake Richfield Rosemount Savage Shakopee


How Renters and Condo Insurance Helps Cover Your Valuables

Imagine for a moment that you’ve just returned home from a long day at work to find that there has been a fire. Everything you own has been destroyed: your TV, VCR, stereo, CDs, dishes, furniture and clothing. Who will pay to replace all of your belongings? Where will you stay until your apartment is renovated?

If the unfortunate should happen and you suffer a covered loss, a Farmers Insurance policy is the answer. It will reimburse you for lost or damaged items, and if the loss makes your home uninhabitable, it will also pay the additional cost of hotel, meals, and related expenses.

While Renters and Condominium insurance can’t prevent a fire or similar loss from occurring, it can bring you back to where you were prior to the loss.

Provides Coverage When Your Landlord/Association Doesn’t

Your landlord/association carries insurance for losses that may occur. Unfortunately, their policy probably will not cover your personal belongings for the same loss. The Farmers package fills this gap with the coverage necessary to replace your lost or damaged items.

Covered Losses

These are some of the types of losses for which your personal property is covered:

  • Theft
  • Vandalism
  • Smoke, if sudden and accidental
  • Sudden and accidental discharge of water or steam from plumbing, heating or air-conditioning system, or household appliance
  • Fire or lightning
  • Windstorm or hail
  • Explosion
  • Class breakage
  • Falling objects
  • Collapse of building
  • Vehicles
  • Weight of ice, snow, or sleet
  • Riot or civil commotion
  • Aircraft

In addition, as a Farmers customer you have access to our unique claims service. You can call 1-800-435-7764 for immediate help, 24/7, free of charge.

Additional Coverages—Renters

Loss of Use
Your coverage pays the additional costs of living in hotels, eating in restaurants, etc., while your living quarters are uninhabitable due to an insured loss. It also pays up to 20% of the amount of coverage on your personal property with no deductible.

Improvements, Alterations and Additions
We cover improvements, alterations and additions to rented property, up to 10% of the amount of coverage on your personal property.

Personal Property Away From Home
This coverage applies to your personal property anywhere in the world. However, if your personal property is located at a secondary residence, such as a vacation home, the policy pays up to $1,000 or 10% of the amount of coverage provided under Personal Property coverage.

Additional Coverages—Condo Owners

Loss of Assessment
You’ll receive up to $1,500 assessment arising from covered damage. This can be used to pay for your share of property damage or injury awards for which your association’s policy does not provide coverage. Up to $50,000 is available, depending on your policy.

Additional Living Expense
If your condominium unit becomes unlivable due to an insured loss, we pay for those extra costs of housing, eating expenses, etc., up to the applicable limit.

Improvements, Alterations and Additions
You are also covered for accidental damage to improvements you make in your unit for which your association’s policy does not provide coverage, up to $2,000 or 10% of your basic coverage amount. You may also arrange higher limits.

Off-premises Coverage
This provides worldwide coverage for your personal property. Your personal property is also covered at a secondary dwelling, such as a cabin or a vacation home. This coverage’s limited to 10% of basic coverage or $1,000, whichever is greater.

Personal Liability Coverage

This coverage gives you and your family living with you 24-hour-a-day liability protection against claims caused by almost any unintentional act, including:

  • The acts of your pets
  • Unintentional acts committed by you or qualified family members, either on or off your premises

We cover reasonable medical payments for other people injured on your premises, regardless ot liability, up to certain limits stated on your policy.

Necessary expenses you incur at Farmers’ request, including up to $60 a day for actual loss of wages, are also covered.

Farmers Renters package even pays the premium on appeal bonds, bonds to release attachments and the cost of bail bonds.

Emergency First Aid

Your coverage pays expenses you incur for necessary medical and surgical aid to other people at the time of an accident covered by the policy.

Damage To Property Of Others

We’ll pay replacement cost up to $500 per loss for damage to property of others caused by a qualified family member, even when you are not legally liable.

Optional Coverages

Personal Articles Floater

This extends coverage for your personal articles, such as jewelry, furs or fine arts, when their value is higher than the limits stated in the policy. It pays up to the insured value of the article.

Contents Replacement Cost

Use this option to extend the coverage on your personal property to include the cost of repair or replacement without deduction lor the depreciation, but no more than the policy limit.

Personal Umbrella Liability (Separate policy)

This provides coverage for $1 million or more of excess Personal Liability coverage and, subject to exclusions, coverage for many situations not covered by your Renters insurance. (Farmers Insurance Exchange, Truck Insurance Exchange )


Non-Smoker Discount

If the qualified family members of your household have not smoked tobacco products in the past two years, you can save money with our Non-Smoker discount.

50 Plus Discount

You may qualify for our 50 Plus discount if you are 50 or more years old.

Auto/Renters Discount

If your personal autos are also insured with Farmers, you may qualify for a discount on your Renters policy.

Protective Devices Discount

Maintaining qualified protective devices, like fire alarms and deadbolt locks, may also qualify you for additional discounts to your policy.

We Offer Flexible Payment Plans

We believe that paying for your insurance should be as hassle free as possible. That’s why we offer several payment plans through Farmers that are both flexible and convenient. Helping you choose the best plan for you is another valuable service provided by the Norm Foster Insurance Agency.

Contact Norm Today for a free consultation or quote.

Street view of the Norm Foster Insurance Agency in Lakeville, MN - Auto, Home, Life, Renters, Umbrella Insurance


Norm Foster Insurance
Norm Foster, LUTCF • Agent
16372 Kenrick Ave, Suite 130
Lakeville, MN 55044
Phone: (952) 929-8922
Fax: (952) 223-2233