Farmers Insurance Extended Replacement Cost. Farmers new world life is not licensed and does not solicit or sell in the state of new york. Your insurance company might divide the amount of coverage you bought ($180,000) by 80% of the replacement cost value ($240,000), or what you should have insured it for:
Farmers does not sell anything similar to an extended warranty, such as mechanical breakdown insurance, either. Life insurance issued by farmers new world life insurance company, a washington domestic company: This endorsement does not extend to any other coverage.