A "cause of loss" is also referred to as a "risk" or a "peril".  Different companies and different policies will use one word or the other (and sometimes a combination) but they all mean the same thing - something that causes damage or loss to your home and/or personal property.

At Farm Bureau, we generally only quote our "All Risk/All Perils" policy, unless a client specifically asks us to quote a more limited cause of loss in a policy.

With our regular All Risk/All Perils policy, the following common causes of loss are included:

-Fire & Lightning

-Windstorm, Hurricane, Hail, Tornado

-Smoke and Water

-Explosion

-Aircraft and/or Vehicle Impact

-Vandalism and Riot

-Theft

-Freezing

-Collapse

-Falling Objects

-Sudden & Accidental Discharge of Water (includes pipes, appliances, etc.)

-Glass Breakage

There are many other causes of loss which are covered, but the above are the types that occur 99.9% of the time.

The glass breakage coverage in our policy is 2nd to none.  We will replace broken glass in your home or other structures covered by the policy with no deductible.  This is true regardless of the cause of the breakage.  Glass breakage is one of the most common claims filed on a homeowners policy, so this is a great feature to have - and you won't find it with many other companies!

As with any policy, there are always going to be exclusions.  The 2 on this policy are mold (other than by accidental discharge of water) and acts of war.

As far as the mold coverage is concerned, this is really not an issue in our part of the state, and not an issue at all with newly constructed homes.  While Mold coverage can be added for an additional premium, I do not recommend it in this area.  (Remember, you do have coverage for any mold caused by accidental discharge of water).

Acts of War are excluded from 99.9% of all homeowners policies.  Please also remember that you do have coverage for vandalism and riot, which would take care of most domestic issues.

Now that we've taken a look at what types of losses are covered, let's take a look at determining how much coverage you need to have in Part 3...

Part 3 - How Much Coverage Do I Need?

Part 4 - Optional Coverages 

Part 5 - Deductibles 

Part 6 - What Goes In To Quoting A Policy? 

Part 7 - Paying for a Policy - What Is Escrow???

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