Homeowners Insurance: The largest investment many people will make in their lives is the purchase of a home. People purchase homeowners insurance to be able to rebuild in the event of loss or replace the contents at current replacement cost. Replacement cost of your home and it's contents changes as building costs rise and as you acquire new possessions. Homeowners policy consist of dwelling coverage, other structures coverage, personal property coverage, loss of use coverage, personal liability coverage and medical payments to others coverage. Even renters should purchase contents coverage to protect their belongings.
Auto Insurance: The focus of auto insurance is to keep your liability limits high enough to protect your income and assets if an accident should result in a lawsuit. Different cars generate different premiums. Rates are also based on the age of the driver and any incidents on a drivers record. Mandatory coverages in the State of Minnesota are Bodily Injury, Property Damage, Personal Injury Protection, Uninsured/Underinsured Motorist coverage. Based on the year and value of your car you can also purchase other than collision, full glass coverage, collision coverage, towing & labor and rental reimbursement coverages.
Personal Umbrella: It is always possible that the liability coverage on your homeowners and automobile insurance policies may not provide adequate protection if you are sued. Personal Umbrella insurance provides a layer of coverage above and beyond your primary limits. It is available in million dollar increments.
Life Insurance: One should maintain enough life insurance to replace the income of those upon whom the families financial responsibilities rest. A general rule of thumb is to carry coverage equal to five to eight times your annual income. Life insurance can help your loved ones continue to pay bills and maintain their current lifestyles if something should happen to you. Be sure to adjust the coverage as your income increases and as you go through major life stages, such as birth of a child or retirement.
Disability Income: Your chances of becoming disabled during your working years are much higher than your chances of dying. Disability income insurance provides income if you are unable to work. The limit you receive is based on your income and also on what waiting period you choose. You can buy a policy for 2-5 years or up to age 65. Being proactive pays - once you've experienced major health problems, it may be difficult or impossible to obtain disability income insurance.
Health Insurance: Health insurance is designed to help pay for reasonable and customary medical bills and conditions. Normally, an employer will have a plan available. There are group plans that work as an HMO, where the employee pays a small co-pay for services. Or you can purchase individual medical insurance where you are responsible for a deductible, and then the plan pays on an 80/20 basis, meaning the insurance company will pay 80% and you will pay 20%. Most plans have a cap on the amount of out of pocket money you will have to pay in any calendar year. If you are temporarily between jobs, you may want to consider a short-term policy.
Specialty Insurance
Daycare Liability: Insurance for in-home daycare providers is becoming a hot issue in our society. We value the importance of quality care for your children and want to make their environment safe and sound. Our policy provides liability, medical expense coverage, abuse/molestation and optional coverages are available for dogs/cats; water activities and automobile coverage. We write this line of coverage in Minnesota, Wisconsin, Iowa, South Dakota and Arizona.
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