Farmers Insurance Reduces Homeowner, Renter and Auto Rates.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--June 15, 1998--Farmers Insurance Monday announced it has lowered auto rates for California customers who also place their homeowners and/or renters insurance with Farmers. The discounts are a result of lower claims costs. Currently, customers who have Farmers' homeowners and auto policies receive a 5 percent discount on their auto policy. This discount will be increased up to 9 percent on average. The new renter/auto-insurance discount, effective July 1, offers customers a discount up to 4 percent on auto policies. Also effective June 1, throughout California, Farmers reduced auto rates on motor homes up to 15 percent. And drivers with 6 to 8 years of driving experience will also receive up to 10 percent discounts on their auto-insurance rates. "Our research indicates that customers who insure Insure can mean:
"Our goal is to reward these customers with the best rates we can provide. Unlike many companies in the industry, we offer a multipolicy discount to renters who represent 45 percent of the California marketplace." Renters can rest assured they are protected for their personal property, which is similar to the coverages provided in a homeowners policy, such as theft, burglary burglary, at common law, the breaking and entering of a dwelling house of another at night with the intent to commit a felony, whether the intent is carried out or not. , vandalism The intentional and malicious destruction of or damage to the property of another. The intentional destruction of property is popularly referred to as vandalism. It includes behavior such as breaking windows, slashing tires, spray painting a wall with graffiti, and , fire, glass breakage, and some natural disasters. Also, for the first time, renters can now receive auto-insurance discounts previously available only to homeowners. "Many renters mistakenly mis·tak·en v. Past participle of mistake. adj. 1. Wrong or incorrect in opinion, understanding, or perception. 2. Based on error; wrong: a mistaken view of the situation. assume their personal possessions are covered under their landlord's policy, but they're not," added Feely. "Like homeowners, renters should purchase a separate policy to protect their personal belongings personal belongings npl → efectos mpl personales ." Farmers' 4,400 California agents are familiar with servicing auto- and property-insurance policies, as well as commercial and life insurance. These agents work personally with customers to determine the appropriate amount of insurance coverage for their situations, and can offer many discounts to provide a competitive price. For more details on Farmers Insurance, visit the Farmers Web site at www.farmersinsurance.com, or check the local Yellow Page listings for a Farmers Insurance agent. With headquarters in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Farmers Insurance Group of Cos. is the nation's third-largest auto and homeowners insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. , a leading commercial insurer, and operates a major life-insurance subsidiary. CONTACT: Farmers Insurance Group of Cos., Los Angeles Lorraine Enriquez, 213/932-3016 |
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