Minnesota Home Insurance
Don't Let Disasters Take Away Your Home
Have you ever:
- Seen an uprooted tree rip a home apart?
- Smelled the stench of sewer water a foot high in your home?
- Been a target of the mother of all wild cards, a lawsuit?
Each one is an ugly event.
You not only risk your home and hearth but your health and the well being of your family if you fall victim to one of life's nasty wild cards.
In fact, the life you love could disappear in the aftermath of tragedy that befalls your home.
Contact Insurance Brokers of MN now, to preserve and protect the loved ones residing in your cozy domicile.
A typical policy consists of three things:
- The Declarations Page - that declares who, what and how much you are insuring, along with the date your coverage starts and the premium.
- The Policy Booklet - printed pages that contain the details of coverages and exclusions.
- Endorsements - separate pages, usually with endorsement numbers, that change (or endorse) specific parts of the policy.
Sometimes you are only given the original policy once in the beginning, then on renewal, to cut down expenses, you are just sent the Dec... page (declaration page) with the bill. It's a good idea to save the original policies should you ever need to refer to them.
What About the Rain?
We provide Minnesota home insurance by vigorously pursuing value added protection for you and your home.
For example, has your home value changed? If so, you might need an insurance policy adjustment. If you have increased or decreased possessions, that is worth discussing. If you are concerned about that body of water near you home ever flooding, call us 1-877-323-3314.
Insurance Brokers of MN - Your Home Insurance Expert
Whether you are blindsided by a storm or a lawsuit, thinking afterward about what you should have done before the event is for the reckless. The responsible know better. Remember, we are all just one card shuffle away from the devastation of having to start over.
At Insurance Brokers of MN, we have protected the citizens of Minnesota since 1998. We are friends with the people here. We know home insurance. We also understand that what would take you 100 years to pay on an annual homeowners insurance policy, you could be liable for in a five second tragedy.
Complete the Protection Savings Form today and let the professionals at Insurance Brokers of MN stack the deck in your favor!
All Homeowner Policies are "Package" Policies
The coverage you have depends upon the type of policy you have. Unlike auto insurance, where the policies are pretty much the same, homeowners policies can be quite different, depending on the "form" number.
You get a group of coverages packaged into your policy for one overall premium. They include coverage on your building, your contents (furniture, clothing, etc.) and liability insurance in case you are sued, under the same policy. The property coverage is shown under Section 1, while the liability coverage is described under Section 2.
The most common types of homeowner policies are:
HO1 Basic or Standard policy
HO2 Broad form
HO3 Special (also called Deluxe, All Risk)
HO4 Renters policy
HO6 Condo policy
HO8 Older Home Policies
There is no better way to understand your homeowner policy than to read it! We suggest you pull out your policy and find the parts to your policy that correspond to the following explanations.
More detailed information:
The HO1 policy is very limited in home protection and is not being sold by most companies.
The HO2 policy covers the basic perils of fire, lightning, explosion, smoke, hail, aircraft, riot, glass breakage, theft and damage caused by vehicles. It also adds additional coverage to broaden your policy. Those perils include damage caused by rupture of your water or heating pipes, falling objects (such as trees), collapse of the building, limited to electrical damage to appliances and others.
The HO3 policy is, by far, the most commonly sold policy. It covers everything the HO2 policy covers and more. Instead of listing the perils that are covered these policies cover all damage to the building except what is excluded.
The usual exclusions are:
- Wear and tear,
- Collapse of septic tank
- Earthquake and a few others
Some HO3 policies are referred to as "Deluxe" , "Special" , "All Risk" policies depending upon the company.
Most policies cover your contents or belongings only for the perils named in an HO2 policy so wear and tear and normal breakage is not covered for your furniture and personal belongings. Be careful! Your homeowner policy limits coverage on some items.
To keep the cost of insurance down your policy probably has limits on certain items. Typical limits are:
- Cash - $200
- Jewelry - $1,000
- Firearms - $2,500
- Silverware - $2,500
Check your policy carefully. If you see you don't have enough coverage, find out how much it would cost to increase those limits or to buy special coverage.
In addition to special coverage for jewelry, silverware and furs, you can purchase specific coverage for such possessions as stamp or coin collections, fine arts, camera equipment, collectibles, watercraft and musical instruments, just to name a few.