Farmers Insurance has announced it will resume offering coverage for multiple lines of insurance in California to new customers, in a phased reintroduction beginning December 14, 2024.
Farmers Insurance’s expanded coverage will include condominium and renters, which will reopen from December 14, 2024; umbrella will reopen from December 24, 2024; landlord from March 1, 2025; and vacant and manufactured home reopening for new customers effective March 15, 2025
These will open alongside Foremost’s owner-occupied Manufactured Home program, which reopened in September of this year and its Manufactured Home FAIR Plan Companion Endorsement offering, which reopened in July.
Many of the reopened coverage offerings had been temporarily paused for more than a year, Farmers noted.
Additionally, Farmers stated it will increase the number of homeowners policies it will accept from new customers to 9,500 per month, from its previous commitment of 7,000 monthly.
Farmers was one of the few insurance carriers that did not halt offering new homeowners insurance coverage in Florida.
“Farmers Insurance has decided to take these steps to increase coverage availability for California consumers because we recognize that the state’s insurance marketplace has indeed improved,” said Behram Dinshaw, president of personal lines for Farmers Insurance.
He continued: “In addition, with the impending implementation of Commissioner Ricardo Lara’s Sustainable Insurance Strategy in the coming year, we want to be well-positioned to provide even more coverage options to residents in the state.”
