Home Insurance
Rebuilding Costs Are Rising Is Your Coverage Keeping Up?
Why Most Home Policies Fall Short
Most home policies only cover what your home is worth — not what it costs to rebuild. At Fallon Insurance Agency, we focus on real coverage that reflects modern construction costs, supply chain challenges, and the financial risk of being underinsured.
Home Insurance in Minnesota & Wisconsin
Fallon Insurance Agency is licensed to serve homeowners in Minnesota, Wisconsin, and Iowa. Every state has its own risks, rebuild costs, and coverage requirements — our licensed agents tailor every Farmers Insurance policy to the specific conditions where you live. Select your state to learn more about local coverage options and get a free quote.
What We Include in Every Quote
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Extended Replacement Cost
Covers rebuilds beyond your home’s current value
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Sewer & Drain Backup
Up to $25,000 in water damage protection
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Service Line Protection
Up to $10,000 to repair underground pipes & wiring
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Equipment Breakdown
HVAC, appliances, water heaters — covered when they fail
Bonus Add-ons
Ordinance & Law Coverage
Identity Theft Protection
Home Insurance — Frequently Asked Questions
Common questions from Minnesota and Wisconsin homeowners about coverage, costs, and what a Farmers Insurance policy actually includes.
How much does home insurance cost in Minnesota?
The average cost of home insurance in Minnesota is approximately $2,400–$2,800 per year, which is higher than the national average due to Minnesota's severe hail seasons and harsh winter weather. However, your actual premium depends on several factors including your home's rebuild value, location, age, credit score, and the specific coverage options you choose.
Bundling your home and auto insurance with Farmers Insurance through Fallon Insurance Agency typically saves Minnesota homeowners $400–$900 per year compared to carrying separate policies. Request a free quote to see your exact premium.
How much does home insurance cost in Wisconsin?
Wisconsin homeowners typically pay around $1,800–$2,200 per year for home insurance — slightly lower than Minnesota but still above the national average. Factors that affect your Wisconsin premium include your home's proximity to Lake Michigan, the age and construction type of your home, and whether you're in an urban area like Milwaukee or a rural community.
Wisconsin homeowners who bundle home and auto with Farmers Insurance often save $350–$800 per year. Our free policy review compares your current premium against what you should actually be paying.
What is extended replacement cost coverage and why does it matter?
Extended replacement cost coverage pays to rebuild your home even if the actual construction cost exceeds your policy's dwelling limit. This matters because construction costs have risen 30–40% since 2020 due to supply chain issues and labor shortages — meaning most standard home insurance policies now leave homeowners significantly underinsured.
Without extended replacement cost, you could face a $50,000–$150,000 out-of-pocket gap after a total loss. Fallon Insurance includes extended replacement cost in every Farmers Insurance quote as a standard feature — not an expensive add-on.
Does home insurance cover sewer backup in Minnesota and Wisconsin?
No — standard home insurance policies do NOT cover sewer or drain backup. It must be added as a separate endorsement. This is especially important in Minnesota and Wisconsin where spring snowmelt causes significant sewer backup claims every year — particularly in older neighborhoods with aging municipal sewer infrastructure.
Fallon Insurance includes up to $25,000 in sewer and drain backup protection in every home insurance quote at no extra cost. A single sewer backup claim without this coverage can cost $10,000–$30,000 out of pocket.
How does Fallon Insurance's free policy review work?
Our free policy review is a 15–20 minute call or video session with licensed agent Leland Fallon. He compares your current home insurance policy line by line against what you would actually need to fully rebuild your home after a total loss — including current labor and material costs in your specific area.
Most homeowners discover at least one significant coverage gap — and many save $400–$1,200 per year by switching to a Farmers Insurance policy through Fallon. There is no obligation and no pressure to switch. Schedule your free review here.