Home insurance provides protection against catastrophic loss. Such losses can include fire, tornado, vandalism, etc. Most policies also include coverage for personal belongings, other structures and personal liability. While most perils are covered there are a few exceptions, including flood. Certain personal property may also have limitations, though coverage can usually be endorsed back to the policy.
Auto insurance protects you financially should you be involved in an accident. The auto policy has three main parts: Liability coverage protects your assets and income if you are held legally responsible for the bodily injury or property damage of others. Property damage, in the form of collision and comprehensive coverage, protects your vehicle in the event it is damaged (this constitutes what is commonly referred to as full coverage). Medical (also known as PIP in MN) provides coverage for your injuries and in certain states may also cover lost wages and other expenses.
Term Life Insurance
Term Life insurance provides pure insurance to cover one's income should he or she die within the term of the policy. Common policy lengths are 10, 20 and 30 years. There is no cash value associated with term life insurance and therefore it is very inexpensive when compared to whole life insurance.
Motorcycle insurance, like auto insurance, protects you financially if you are involved in an accident. The three main parts of the policy are similar to the auto insurance policy, the biggest difference being that medical coverage is not legally required on a motorcycle in MN. A common addition to motorcycle policies is coverage for after-market parts. Many policies come with coverage for after-market parts, be sure to ask us about this.
Boat insurance provides liability and property damage coverage for your boat. As a boat operator you have the same legal responsibility for injuries and property damage that you do as an automobile operator. The liability portion of the policy protects your assets and income from loss if you're legally responsible for someone's bodily injury or damaged property. Property damage provides protection for your boat. Many boat policies provide property coverage on a stated value basis which means the coverage amount is agreed upon by you and the insurance company beforehand.
ATV insurance provides liability and property damage coverage for your ATV. As an ATV operator you have the same legal responsibility for injuries and property damage that you do as an automobile operator. The liability portion of the policy protects your assets and income from loss if you're legally responsible for someone's bodily injury or damaged property. Property damage provides protection for your ATV.
An umbrella insurance policy is designed to provide additional liability coverage should you be help legally responsible for bodily injury or property damages that exceed the limits of liability provided by your auto, home, boat, ATV, etc. Lawsuits can add up quickly with medical bills, lost wages and pain and suffering. An Umbrella policy is a very inexpensive policy to provide extra coverage for your assets and income.