INSURANCE MINNEAPOLISINSURANCE TYPESWe provide options for Insurance coverage for your Home (including townhome, condo or rental), Auto and Umbrella – as well as your Cabin, ATVs, watercraft, rental properties, motorcycles, snowmobiles, RVs and trailers. Because we are independent, we have many companies we can write insurance with including the following: |
 | HOMEOWNERS INSURANCEYour home is likely your greatest asset and understanding what your policy covers is an important part of choosing the policy that is right for you and your property. With access to many companies, we will find you the coverage you need at the best rate we can offer. |
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 | AUTO INSURANCEAn auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you’re financing a car, your lender may also have requirements. |
AUTO INSURANCE PROTECTS YOU AGAINST FINANCIAL LOSS IF YOU HAVE AN ACCIDENT.An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you’re financing a car, your lender may also have requirements. Most auto policies are for six months to a year.
AUTO INSURANCE’S SIX PARTS:
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1. Bodily Injury LiabilityFor injuries the policyholder causes to someone else. | 2. Medical Payments or Personal Injury Protection (PIP)For treatment of injuries to the driver and passengers of the policyholder’s car. At its broadest, PIP can cover medical payments, lost wages and the cost of replacing services normally performed by someone injured in an auto accident. |
3. Property Damage LiabilityFor damage the policyholder caused to someone else’s property. | 4. CollisionFor damage to the policyholder’s car from a collision. The collision could be with another car, a light post, fire hydrant, etc. |
5. ComprehensiveFor damage to the policyholder’s car that doesn’t involve a collision with another car. Covered risks include fire, theft, falling objects, missiles, explosion, earthquake, flood, riot and civil commotion. | 6. Uninsured Motorist CoverageFor treatment of policyholder’s injuries as a result of collision with an uninsured driver. Underinsured motorist coverage can also be included in an auto policy. Underinsured motorist coverage comes into play when an at-fault driver has auto liability insurance, but the limit of insurance is inadequate to pay for your damages. |
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 | PERSONAL UMBRELLA POLICYAn Umbrella policy is designed to provide additional liability coverage on top of the liability coverage you have on your underlying policies (Auto, Home. Boat, Motorcycle, Snowmobile, etc…). |
WHAT is a Personal Umbrella Policy and WHY should you consider getting one? |
Auto ExampleYou may have split limits of 250/500/100 on your Auto policy. Then you may have a $1 million Umbrella liability policy on top of that. If you are in a car accident where you are deemed to be at fault – and the other party suffer serious injuries causing hospitalization, rehabilitation and some permanent disability – you would have $1.25 million in coverage to pay for those damages in the event of a lawsuit. Without an Umbrella policy, you would have $250,000 in coverage. | Home ExampleYou may have a liability coverage limit on your Home policy of $500,000. Then you may have a $1 million Umbrella policy on top of that. If you have a swimming pool in the backyard and someone drowns or is seriously injured OR you have a dog who gets lose and bites a neighbor child in the face necessitating stitches and resulting in scarring and trauma – you would have $1.5 million in coverage. Without the Umbrella, you would have $500,000 in coverage. |
