No homeowner ever wants to see unexpected damage, but sadly, it happens more often than you would like to think. Some of the hazards you may face in Albertville, Minnesota include tornadoes, heavy snowfall, thunderstorms, wind storms, and hail. Therefore, you definitely need a comprehensive home insurance policy. Keep the costs low with these tips.
1. Install safety and security features in your home. Insurance companies look at the age of your major systems, whether you have an alarm, the presence of dead bolts on your doors, and whether you have fire extinguishers and smoke detectors in key areas. If you don’t have any of these, consider getting them to improve your home’s overall protection against disasters and save money on your insurance premiums.
2. Increase your deductible to the highest amount of money you’re comfortable paying. Most people don’t end up needing to use their home insurance policy, and you’re paying extra to keep a low deductible. Take a look at your savings account and figure out how much you could afford to pay if you needed to make a claim. Increasing your deductible to this amount will decrease your premiums in the meantime, and you can use this money in other areas of your budget or add it to your savings account.
3. Use an independent agent in Albertville, Minnesota to help you shop for the lowest cost policy. Not all home insurance companies calculate their rates the same way, and you can pay significantly different premiums on identical policies. Contact us today to have an independent agent gather comparative quotes for you. It never hurts to check whether your current insurance company is really the best one for your needs. You could save hundreds of dollars each year just by switching to another company.
Shopping for auto insurance coverage in Wayzata may seem frustrating, but it doesn’t have to be. All it takes is knowing exactly what to look for when it comes to finding a solid insurance policy for your cars.
Below are some of the most important features that any auto insurance policy you purchase should have:
- Personal Injury Protection (PIP) – This coverage takes care of your medical, hospital and funeral expenses. Minnesota requires all licensed drivers to carry at least $40,000 of PIP coverage per person.
- Bodily Injury Liability – This coverage pays for other people’s injuries or deaths, plus it covers legal fees if the other party decides to sue for further damages. Minnesota requires drivers to carry at least $30,000 of coverage for one person and $60,000 for two or more people.
- Property Damage Liability – This covers physical damage done to the other person’s vehicle and damage to other property. Once more, the state mandates that drivers must carry at least $10,000 of property damage liability coverage.
- Uninsured and Underinsured Coverage – This covers damages caused by motorists without insurance as well as those with paltry insurance coverage. The state requires at least $25,000 of underinsured coverage and $25,000 of uninsured coverage.
- Collision Coverage – With this coverage, your insurance company will cover the replacement or repair of your vehicle in the event of an accident. This coverage is ideal for those who own relatively new vehicles.
- Comprehensive Coverage – Comprehensive insurance covers loss from theft, fire, flood and other non-accident events that may not be covered by your collision coverage.
You’ll also want to learn about all of the discounts that your insurance provider offers and ways you can qualify for them. Get in touch with us to speak to your independent agent about finding an insurance plan that fits your needs.
Disclaimer: The content of these blogs do not represent any type of specific coverage’s offered by the agency.
Every year in the United States there are court cases that involve personal lawsuits against people for various reasons. In some cases the lawsuit will involve some kind of insurance payout or involvement. If you are concerned about the possibility of being sued as a result of an accident or liability claim, then you may want to consider a personal umbrella insurance policy.
The Importance of Having an Umbrella Policy
- An umbrella policy, also known as a PELP policy, extends the coverage of insurance policies already owned by the individual.
- Your current policies will only pay up to the limits that are set and once they are maxed out the umbrella policy will pay out the rest of the claim.
- Without an umbrella policy you will have to pay the difference of the judgment and what the insurance company will cover. In some cases the amount you are stuck with can cause a lot of financial hardship.
- An umbrella policy does not cost a lot of money to buy. For as little as a few dollars per day you can have the added protection of a PELP policy.
- A PELP policy will not only protect you but it will also cover any drivers and people living in your home. It also extends to your home policy, car policies and any other insurance products that you may own.
If you live in the Albertville, Minnesota area and are considering buying an umbrella policy, then there are some things that you may be asking questions about. As your independent agent we can help put your mind at ease about the importance of an umbrella policy. Give us a call today and let us help you get a policy that is right for you.
It’s not uncommon for a Wayzata household to own more than one vehicle. Whether it’s a truck for hauling furniture, junk and other loads, a minivan for driving the kids around or a sporty ride for weekend jaunts through winding roads, having a second, third or even fourth car offers its own set of benefits. The costs of insuring multiple cars, however, can be quite expensive without a decent discount or two to offset those costs.
Loyalty is one quality that the average auto insurance company wants out of its customers, for obvious reasons. As a result, many insurance companies do offer sizable discounts to policyholders who own multiple cars and have those cars listed on the same policy. Multiple car discounts are just one of the many ways that customers can save on their auto insurance premiums and it’s also a great way for companies to retain loyal customers.
Multiple car discounts can easily offer anywhere from 5 percent to 20 percent in annual savings on your premiums. Combined with other discounts, it represents a definite savings of up to hundreds of dollars per year. When you have more than one car to ensure, you’ll definitely appreciate any discount that allows you to keep more money in your pocket. The fine details of multiple car discounts tend to vary among insurers, so it pays to ask before you add additional cars to your current policy.
If you want to know more about multiple car insurance discounts in Minnesota, you’ll want to speak to one of our agents. As your independent agent, we can give you more information that can help you make smart decisions when it comes to getting the most out of your car insurance policy.