7 Things Nobody Tells you About Homeowners Insurance

Congrats! You’re a homeowner. Or, maybe you’re touring houses for sale and about to be a homeowner. Either way, welcome. Welcome to a stream of never-ending projects, fun surprises and a place to call your own. We all know houses keep us busy, so it makes sense that your homeowners insurance isn’t something you dwell on.  And besides the initial set up of your homeowners insurance, why should you dwell on it?

Well, in some cases you may be underinsured or even missing out on potential discounts! So, we’ve rounded up seven things you may not know about your homeowners insurance coverages:

1. It’s a good idea to start with an independent insurance agent

Buying a bath mat online is convenient, but buying insurance is a bit more complicated than a bath mat. A local independent insurance agent will help you with an “insurance checkup”. This will evaluate any home updates and coverages to help you avoid potential gaps. They can also help you compare quotes from multiple insurance carriers to fit your specific situation.

2. Your homeowners insurance policy may not cover water damage

This can be devastating! Most polices only cover certain types of water damage. Water damage that originates from inside your house or from a storm-created opening is typically covered by homeowners insurance. However, this often excludes floodwater, broken water mains, and other water-related damages. Before storm season hits, it’s important to know what’s covered and if you should consider purchasing separate flood insurance.

3. Your policy has exclusions and special limits, and you need to know what they are

It’s easy to buy and forget about your insurance. But, every insurance policy has exclusions, like floods and earthquakes. Your policy may also include special limits on items such as jewelry, trailers and watercraft on your property. Exclusions are listed throughout your policy. A good way to understand your policy’s exclusions is to review it with your local independent insurance agent. They can break it down for you to make sure you avoid potential gaps in your coverage.

4. Tell your agent about updates and changes to your house

You buy your house, you buy insurance, they send you a packet, and then you don’t think about it again. But, now let’s say you’ve lived in your home for a few years. Maybe you renovated your kitchen, or put on a new roof. Or, maybe you added a central alarm system. Updates like this can change the value and rebuilding cost of your home. If you don’t update your policy and tell your agent, you may be underinsured and might be missing out on a possible discount for your new alarm system.

Coverages like guaranteed home replacement cost may be greatly effected as time goes on. Some coverages may even be void.

5. Maintaining a personal home inventory may help your claims process

The last thing you want to think about after your home suffers a devastating loss is, what did I have in there? An easy way to create and maintain a personal home inventory is to take pictures of each room of your house every year. This may help jog your memory about what was inside your house. This is important to keep updated since homes seem to accumulate more and more things as time goes on…

6. Your coverage amount may not be the same as the cost of your house or the market value

There is a big misconception that your homeowners insurance coverage amount is the same as what you paid for your house. That is wrong! If your house needs to be rebuilt you may need coverage for debris removal, materials, and labor. Which, in some cases, exceeds the amount you paid for your house or the market value. It’s also important to note that both the market value of your home and the cost to rebuild will vary greatly.

7. Cheapest is not always best

Comparison shopping is in our blood. And, if you’re a self-proclaimed frugal shopper you’ve likely found that sometimes, you get what you pay for. Similarly, when comparing insurance quotes the cost may not be the best indicator of the best fit for you. You need to ask yourself is the insurance company financially sound? What is their claims service like? Are they a stable company?

We know owning a home can certainly be hard, but we don’t think your homeowners insurance should be. To learn more about our homeowners insurance coverages, give us a call today!

The content of this article is from Auto-Owners Blog.

Do you need Rental Car Coverage?

Do I need to buy rental car insurance?rental car insurance

The trip you’ve been planning is finally here. After a long flight, you collect your luggage and head to the rental car counter. As you review the paperwork, the agent asks, “Do you want insurance on the car?”

You frantically try to remember if your auto insurance policy covers rental cars. And wasn’t there something about rental car coverage in that last email from your credit card company? It seems like you may not need it, but you really can’t remember the details. You end up buying the coverage just to be safe. 

Did you waste your money? It depends: There really isn’t a one-size-fits-all answer when it comes to buying rental car insurance. However, there are a few things to consider that will help you determine if it’s right for you.

What does the rental car company offer?

Typically, car rental agencies offer four types of coverage:

  • Collision damage waiver means that the rental car company won’t charge you if the vehicle is damaged or stolen during your rental period. 
  • Supplemental liability protection covers costs to others if you cause an accident in the rental.
  • Personal accident insurance will pay in the event of injury to or death of the rental car’s driver and/or passengers.
  • Personal effects coverage will reimburse you if personal items are stolen from the rental car.

What kind of coverage do I already have?

Your personal auto insurance policy will likely provide the same level of coverage for your rental as it does for your own car. This usually includes liability insurance; it can also include collision, comprehensive, and medical payments, depending on your policy. There are exceptions: Some insurers won’t cover rentals in a foreign country or rentals that are being used for business.

Your credit card may also offer some protection, but the degree of coverage can vary greatly. Coverage is usually secondary, designed to step in and pick up where your auto insurance leaves off. Most cards require that you decline the rental company’s collision damage waiver and use the card to pay for the car rental in full. 

In addition, your health and life insurance policies may cover your medical costs if you are involved in an accident. If you have homeowners, renters, or condo insurance, you may also have personal property coverage to help repair or replace valuable belongings that are lost, damaged, or stolen from your rental car. Your deductible and policy limits will apply.

What am I missing?

Your regular policy may not cover loss of use and diminished value fees if something happens to the rental car. Loss of use is the income that the rental agency loses while the vehicle is being repaired. Diminished value is the calculated reduction in a vehicle’s resale value as the result of an accident. Your credit card may cover these fees, but be aware that they may require documentation that rental agencies can be reluctant to provide.

Before you take your next trip, call us or your independent insurance agent and verify the coverage available for your destination. Contact your credit card company to find out exactly what is covered when you use your card. Being prepared will help you make an informed decision about buying rental car insurance.

Umbrella Insurance – What is it and do I need it?

What is umbrella insurance?

Life is unpredictable. Common situations like having a teenage driver, owning a pet, posting on social media, or having people visit your home carry a certain amount of risk. An unexpected incident can quickly turn into a lawsuit that costs you thousands of dollars, if not more.

You don’t have to be a millionaire to be sued like one. If something happens on your property or you are at fault, do you have enough coverage? 

What does umbrella insurance cover?

An umbrella policy adds an extra $1 million (or more) of coverage above and beyond your existing policies. Many people only carry $100,000 of liability coverage. Although that sounds like a lot of money, it doesn’t go very far when a serious injury occurs.  Medical bills, lost wages, and other bills can add up quickly.

That’s why umbrella insurance is so important. It gives you greater peace of mind and protects you against life’s unexpected surprises. 

Do I need umbrella insurance?

 Umbrella coverage isn’t just for high earners. It’s for everyone, especially if you:

  • Own a home
  • Have regular income
  • Have retirement savings and other assets to protect
  • Entertain guests in your home
  • Have a teenage driver
  • Host sleepovers, children’s parties, carpool children, or allow your teen to babysit
  • Serve on a volunteer board or participate in your HOA
  • Use social media
  • Own rental properties
  • Travel outside the U.S.
  • Own a watercraft, RV, snowmobile, ATV, golf cart, or other “toy”
  • Have pets
  • Own firearms or other recreational weapons

But doesn’t my home or auto insurance policy cover a loss?

Unfortunately, home and auto insurance policies don’t protect you against every type of liability.

Consider these two scenarios:

1) You hear a juicy piece of gossip about one of your neighbors. You spill the tea to your closest friends at a BBQ and swear them to silence. Unfortunately, your neighbor finds out what you said. You get sued for slander, and it isn’t covered by your homeowners policy.

2) You go on a vacation to Europe. Instead of taking a tour, you decide to rent a car. You forget to drive on the other side of the road and cause a collision. Someone is injured, but your auto policy doesn’t cover you because you were outside of the U.S. and Canada.

In both of these instances, an umbrella policy may have provided coverage to protect you. Without an umbrella policy, your assets, savings, and even your future income could be at risk if you are held legally responsible for a claim.

Peace of mind costs less than you think.

For about the cost of a dollar a day, an umbrella policy offers an affordable way to prepare for the unpredictable. Schedule a risk assessment with your independent insurance agent to understand your coverage needs and find out if an umbrella policy is right for you.

7 Reasons to Choose an Independent Insurance Agent

Insurance can be complicated.  How do you know you’re making the right decision when it comes to protecting the most important things in your life?  Find out how an Independent Insurance Agent is a simple solution to this!

    We give you more choices and options

    The beauty of working with an independent insurance agent is that we represent many different insurance carriers that offer a wide variety of coverages at varying price points.  We do the work of shopping your quotes around with those different companies to determine which one is the best fit for the types of coverage you need with the best rates for that coverage.  We shop, you save!

    We are industry experts

    Insurance is complicated, let’s be real!  We are licensed and trained in industry verbiage and terminology and are equipped to be able to explain to you, in simple terms, which help you to make informed decisions.  Why go to google and confuser yourself on the different kinds of insurance that are available, when we are just a phone call away?

    We are your advocate

    Since we work for YOU and not the insurance company, we are your advocate!  We will assist with claims, billing or changes your coverage directly with the insurance company.

    We are your neighbor

    We are a small, local business that shares your passion for our community and famillies.  We are woman-owned and have a pusle on the local community and its benefits and challenges.  You won’t sit on hold in a quete, but can walk right into our quaint office in Rosemount.

    We are a one-stop-shop

    With the ability to write with so many different insurance companies, we are able to meet all of your insurance needs.  Everything from Home, Auto, Life & Business coverages, we work with tons of companies that offer a variety of coverages.

    We are your personal advisor

    Insurance isn’t just about finding the cheapest prices.  It’s about making sure that you aren’t suprised by unexpected expenses if a loss were to happen.  Through working one-on-one with you, we listen to meet your specific, unique insurance needs.  

    We are your lifelong advisor

    We love building life long relationships with our customers and often times, they become good friends.  We know that life is ever-evolving and we work with you throughout those stsages.  Everything from buying a home, getting married, growing your family, teen drivers and getting ready for that retirement home.

    Fall Home Maintenance Checklist

    Your Fall Home Maintenance Checklist

    It would be amazing if all you needed to prep your home for fall was to hang a wreath and light a bunch of pumpkin spiced candles. While yes, those are a crucial part of getting ready for the change of seasons, there are more important (and not exactly fun) preparations that come with being a homeowner. Consider this everything you need to know before your house transitions from hot summer days to cool fall nights…and eventually freezing temperatures.

    1. Clean, or possibly replace, your gutters.

    Real talk: You’re so used to your gutters working properly — and draining thousands of gallons of water from your roof yearly — that you forget they could use a little TLC. If they’re clogged, you can end up with a flooded interior and damaged exterior. So clean them, and if necessary, replace them.

    2. Check for drafts.

    Heat loss through windows is responsible for 25-30 percent of heating energy use, according to the U.S. Department of Energy. But it doesn’t have to be that way, because weatherstripping is simple and probably the most cost-effective way to keep heating costs down.

    Pro tip: To check if you have a draft issue, close a door or window on a strip of paper. If the paper slides easily, you need to update your weatherstripping.

    3. Drain your outdoor faucets.

    Say it with me now: “I will turn off all outdoor faucets before winter!” Drain and disconnect all garden hoses from outside spigots to prevent any water freezing. Not doing this can result to pipes bursting, so yeah, do this.

    4. Bring your outdoor furniture in.

    Yes, your furniture is outdoor furniture. No, that does not mean you should test the label by leaving it outside through hurricane-like weather and snowstorms. It cost you money and time to set that outdoor space up, so if you want to get another summer season out of it you should store it in a garage or shed. If you don’t have anywhere to store the items, you should cover it in a waterproof furniture cover.

    5. Fix any cracks in your driveway.

    I know, I know — this seems tedious and is one of those things where you’re like, “eh, it’ll be fine!” But, it could very easily not be fine. When water gets into cracks it freezes, expands, and can make the crack even bigger. Enough small cracks can turn into big cracks, and eventually the concrete can crumble. Plus, uh, you’d probably prefer a driveway without a giant pothole. So, using concrete crack sealer, fill it up and be done with it.

    6. Change your filters.

    Found: Another thing in your house that might be costing you more money then it should be. If your filters are clogged, it’s harder to keep your home at the temperature you want it too be which will increase your heating bills. Clean these filters monthly, not just before the fall, and thank me later. FYI: Disposable filters can be vacuumed one time before you replace it, and foam filters can just be vacuumed and not replaced.

    7. Fertilize your lawn.

    You know what they say: The best offense is a good defense. If you want to keep your lawn looking great in the spring and summer, you need to prep it for the fall and winter. Roots are still active when the grass isn’t growing, so applying fertilizer will prevent winter damage. Doing this will also help your lawn turn green faster in the spring, which is crucial, because who wants to look at a sad lawn once it gets nice out?

    8. Test winter equipment.

    Hi, I’m here from the future, where your snow blower isn’t working and you’re stuck inside and can’t get your car out to buy a new one. Seriously, just check it all now and make your life easier later.

    9. Change your batteries.

    Once a year you should be checking to make sure all smoke detectors and carbon monoxide devices are working. Since you’re already testing everything else out, you might as well add this on.


    Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home2/mysejen5/public_html/wp-includes/functions.php on line 5275