A Personal Insurance Update
Two thousand nineteen is just around the corner, and it is time for you to update and evaluate your finances and insurance. We recommend everyone do a yearly evaluation of his or her personal insurance needs. As your life changes so should your insurance. We can help you better understand how having the right personal insurance can help protect your family and your most important investments.
Your first resolution is to get “insurance fit” in 2022. Remember a little planning now may help if you have a claim in the future.
Set up a personal insurance meeting with one of our agents.
We like to review your insurance needs to make sure you have the best possible combination of coverage, price, and service. Your personal needs tend to change over time, and your insurance should keep up with these changes. We will sit down with you and ask questions about your life and activities. We can then offer a personal insurance program designed just for you. Often this includes new insurance discounts offered by insurers. You may qualify for discounts, and we can point out ways to help you save money—like getting a multi-policy discount!
Make sure your life insurance is up to date.
Life insurance is one of those things that tend to be neglected. However, life insurance is critical, especially for families. If you have a change in marital status or had a child, your life insurance may need to be adjusted.
Often, you can get a term life insurance policy for $50 a month or less, depending on policy limits, your age, and health status.
Make sure your current auto insurance ID card is placed in all vehicles.
People often forget to make sure their current auto ID card is placed in their vehicles. There are significant fines for not having proof of auto insurance.
Keep your insurance documents organized.
We recommend keeping a copy of all your personal insurance policies. It also is a good idea to photo the cover pages of each policy and keep them in an electronic file.
Create a home inventory.
After a fire or other loss, it can be challenging to remember all the personal property you have. Making a list of items in your home before a disaster occurs helps guarantee you will not forget to claim anything. It is helpful to use your smartphone to create a video with a description of major items.
The best way to get the best rate on your life insurance is to stop smoking and get healthy.
Communicate with your family regarding your insurance and financial plan.
Familiarize key family members with your financial and insurance plan. Let them know where your policies are located and who the beneficiaries are on your life insurance policy.
Use Insurer and agent apps.
There are many good apps offered by personal insurance companies. In California, you can also show proof of auto insurance through an electronic format.
Make sure you have the necessary personal insurance coverage.
We offer many different kinds of personal insurance products that you may need, including:
• Renters Insurance
• Earthquake Insurance
• Flood Insurance
• Personal Umbrella Insurance
• Insurance for Ride-Share Drivers
• Insurance for Rental Homes
• Boat Insurance
• Watercraft Insurance
• Classic Car Insurance
• Motorcycle Insurance
• Snowmobile Insurance
• Travel Insurance
• ATV Insurance
• Mobile Home Insurance
• RV Insurance
Have you considered long-term care insurance?
Part of any solid financial plan is dealing with end-of-life issues including the need for long-term care insurance. Selecting long-term care insurance is an important decision that is often overlooked due to the unpleasant nature of the topic.
Ask about your billing options.
Many insurers offer insurance payment options online. If you bundle your insurance, you may be eligible for other discounts as well. You may want to pay your premiums in advance to receive greater discounts.
Add a personal umbrella policy.
A personal umbrella policy is very cost-effective and can provide added protection for you and your family. A personal umbrella policy provides additional limits over your home, renters, auto and other personal insurance policies. A $1,000,000 umbrella policy usually ranges from $150-$300 for the year.
Protect your identity.
Millions of people have their identities stolen each year. Let us provide you with identity theft options that can be added to your personal insurance products. Change your passwords on a regular basis, back-up your computer, and update the antivirus and malware programs on your computer.
Let us help you find gaps in your personal insurance.
One experience you do not want is to be told you do not have coverage for a loss but you could have if you had bought the right kind of insurance. As part of our insurance review, we can help you identify any insurance coverage gaps and recommend coverage to fill those gaps. If you have certain high-value items such as art, coins, jewelry, or collectibles, they may not be fully insured under a homeowner’s policy, despite coverage being available elsewhere under an add-on called a “personal articles floater.”
Contractors insurance provides insurance and risk services to the construction industry. Insurance can play an important role in; on time and on budget projects. If your insurance coverage is not written correctly, your business may not survive financially. Your success depends on proper planning, whether you're estimating a project, hiring good people, protecting your business with comprehensive commercial insurance, or selecting your insurance agent.
You can depend on our team of construction professionals to design, build, negotiate, and implement an insurance program that fits your individual needs. As your insurance partner, we will create and deliver insurance solutions today to keep you in business tomorrow.
Our insurance agency has created and developed strategic partnerships with many highly rated insurance companies. Our goal is to create the right combination of coverage, price, and service that exceed your expectations.
Over the years our construction professionals have worked with many different kinds of construction firms, including:
Having the right insurance coverage and the right agent is an important part of managing construction risks. As a contractor, your insurance needs can change quickly. You need an insurance agency partnering with you to make sure your company’s unique needs are addressed.
Protect what matters most to you and your family with Car, Home, Health, Life & Business insurance. We offer the best combination of competitive rates, coverage and personal service in St. Louis Park.
Comprehensive insurance is coverage that is part of your overall auto insurance program. Comprehensive is an optional coverage that protects you from losses that are not accident-related. Some people opt to remove comprehensive coverage on old vehicles. While there may be some premium savings for doing this, we hope you will consider these points before making the decision to remove comprehensive coverage from your auto policy.
Comprehensive Insurance Covers Losses that Are “Other” Than Collision
You may not have thought of these losses that are covered under comprehensive insurance:
Fire - If your car catches fire, comprehensive coverage provides protection; this would include a defect in design.
Animals - If your vehicle hits a deer you would be covered. If any kind of animal causes damage, comprehensive coverage would apply.
Theft - If your car is stolen or someone breaks into your car and causes damage, comprehensive coverage would apply.
Windshield damage is covered under comprehensive. Not only is such damage covered by your comprehensive policy, but also many companies offer the option of no-deductible coverage for glass damage specifically.
Community riot - If your car is parked and a group of activistsdecides to trash your car; you would be covered under comprehensive coverage.
Falling object - If a tree falls on your car comprehensive insurance would cover that. (This also includes baseballs, airplane parts, and more).
We have the ability to customize your insurance coverage. Collision, towing, and rental car coverage are a few additional coverage’s you might consider.
Comprehensive Car Insurance Doesn't Cover It All…But It Does Cover A Lot.
If you have any concerns about hitting an animal, theft, vandalism, or glass damage, consider adding comprehensive coverage to your car insurance policy.
Personal Insurance Update
Did you get an ugly tie or sweater last year for Christmas? If this Christmas is a repeat of last year, the good news is that you can probably exchange the gift for something you can actually use. However, many other ugly things can happen during the holidays that you may not be able to take back. While the holiday season is a great time to celebrate with family and friends, it can also lead to fire, theft, and losses that will dampen your holiday spirit.
Now would be a good time to have us review your personal insurance to make sure you understand your coverage, and provide optional coverage for you to consider.
Typical Holiday Mishaps House fires – Due to increased use of electrical cords, home fires rise during November and December. Make sure you use only UL approved appliances and electrical cords. Do not over-use outlets to string inside or outside lights. If you have a natural tree, keep it watered. Invest in a fire extinguisher, and keep it in the kitchen. The median cost of fire damage due to candles and fireplace claims can be around $9,000.
Theft –Criminals love the holiday season because they know you may have expensive items in your home. Keep your doors locked. Do not place gifts next to windows. It is not necessary to post all your holiday purchases on social media. Criminals love to “like” your posts, and then steal your gifts.
Use of alcohol - Resist the pressure to drink or serve alcohol at every social event. Designate a driver before the party begins. Offer non-alcoholic beverages at your party.
We are committed to providing clients with the highest quality insurance plans available combined with some of the lowest possible rates. Whether you are shopping for auto insurance, home insurance, life or business insurance, we can help you obtain the best coverage available at the lowest rate possible.
Homeowners don't always review their policies until they have a claim. Only to discover that their coverage isn't what they expected. That is why it is critical to understand what you are paying for. We believe it is important to understand what you are purchasing. So let's start with this overview.
Here are a few of the coverage you need to consider. So what's in your policy?
Are you covered for flood loss?
Most basic homeowner's insurance policies exclude flood coverage. A separate flood insurance policy is required, which can be acquired through the National Flood Insurance Program. Your agent can assist you.
Do you know your deductibles?
You will be responsible for a deductible if your house and goods are harmed in a covered loss. Your agent can tell you the amount if you don't know.
Do you have ACV or replacement cost coverage?
Actual Cash Value (ACV), which reflects depreciation, and Replacement Cost (RC), which is what it costs to replace the item today, are the two ways claims are settled. Ask your agent if you're not sure what you have.
Have you considered a personal umbrella policy?
Umbrella insurance is a type of personal liability insurance that covers claims in excess of regular homeowners, auto, or watercraft policy coverage. Get a quote today.
Our agents will give you great service and the products you require, whether you need to safeguard your car and home, want insurance for the contents of your apartment, or need a general umbrella policy for peace of mind. We take satisfaction in providing personal insurance coverage that safeguards your most valuable possessions. We want to make sure that your insurance coverage covers your most important people and resources.