What happens to my life insurance if I go on an unpaid leave of absence from work?

When your life insurance policy is provided by your employer, it may be worrisome to take an unpaid leave of absence due to the possible impact on your plan in Little Falls, Minnesota. Even though the leave of absence may be worrisome, your insurance provider may offer solutions to put your policy on hold or find an alternative solution so that you are still covered while you are away.

Contact Your Insurer

The only way to determine the exact details of the policy and the options that your insurer provides is by calling the company’s customer service number and asking. Every insurer has a different method of handling differenti situations, so the details of your plan may vary.

Ask a customer representative about the impact of taking a leave of absense before you leave your work for any period of time.

Consider the Options

Depending on the situation and the insurer, you may be given a few options to maintain your coverage while you are away. The customer service representative of the insurance company may ask questions regarding the reason for your leave of absence, so explain the situation and the reasons that you are taking time off. For example, if a loved one is in the hospital in a different state, then you may be out of the area to find out more about the situation.

Insurers may offer a few options, such as paying the premium in advance or putting your policy in hold until you return. The options may vary based on the insurer and the situation.

Protecting your loved ones against financial strife does not mean you are tied to your work. Contact Hanneken Insurance to talk to an independent agent for more information about your options.

My house is under construction and I want to insure it. What type of policy options do I have?

When you have a house that is in the middle of construction in Little Falls, Minnesota, you still want to obtain a homeowner’s insurance policy that is appropriate for your house. Depending on your goals, the final product and the level of construction, the policies that may be available for your house can vary.

Basic Coverage

A homeowner’s policy is still appropriate when your house is in the middle of construction. Depending on the type of plan you bought, your insurer may put certain limitations on the coverage. For example, you may have coverage against fires and similar situations, but you may not have protection against theft until you have a door and can lock the space.

During construction, you may also want to insure your property against liability concerns because the risk of injuries is much higher than a home that is finished.

Additional Plans

Even though a homeowner’s plan may be appropriate, you may also want to consider additional protection against certain conditions and problems. Depending on the situation, the options that are available and the details about your insurance policy may vary.

Additional protection can take many different forms. During the process of construction, you may want to protect materials, equipment and the individuals who are working on your project rather than focusing on the value of the property based on market prices and the plans.

Protecting your home from damages and problems can start before the project is completed. Even if you are having the house built from the foundation to the roof, it is important to obtain an appropriate insurance policy. Contact Hanneken Insurance to talk to an independent agent for more information about your options.

Can mold damage be covered under my home insurance policy?

Mold isn’t just a threat to your home’s structural well-being – it’s also a potential health hazard that could adversely affect you and your loved ones if left unresolved. Mold damage can also be very expensive to fix, which is why many homeowners turn to their insurance providers for assistance. If you’re dealing with mold in your home in Pine River, Minnesota, you want to be sure that your covered under your current homeowners insurance policy.

Whether or not your homeowners insurance policy is able to cover the costs of repairing mold damage often comes down to the fine print. Some policies exclude coverage when it comes to mold damage while others cover it under specific circumstances. For instance, your homeowners policy may cover mold damage if it’s the result of an accidental event such as a burst pipe.

On the other hand, it’s unlikely that your insurance will cover mold damage resulting from a lack of home maintenance or general neglect. As an example, a mold damage claim resulting from repeated water leaks is likely to be rejected by your provider. Mold damage caused by flooding might not be covered under your regular homeowners policy, although it may be taken care of under your flood insurance policy, if your home is covered under one.

Insurance providers often differ when it comes to mold remediation claims, so it’s important that you get in touch with us at Hanneken Insurance. As your independent agent, we can give you specific details pertaining to your circumstance, which can not only make you more informed, but also make the claims process much smoother.

Is the coverage for my business vehicles similar to the coverage for my personal car?

Business vehicles and personal vehicles have very different needs and concerns to address. When you are looking for coverage for company cars and trucks in Little Falls, Minnesota, the appropriate type of policy and coverage will differ from a plan that is designed for a personal car.

Commercial Plans

A commercial insurance policy for vehicles is different from a personal policy because it focuses on the specific needs of a company. Unlike an individual driver, a company has a higher risk of facing court cases and liability concerns if an accident occurs.

Companies have a higher concern regarding the possibility of facing a liability lawsuit. Furthermore, a business must protect every potential driver, even if a particular employee is unlikely to operate the vehicle.

Number of Vehicles

The number of vehicles that the company owns may also contribute to the appropriate insurance policy. Depending on the situation, you may need to purchase protection for a fleet of cars, which is a very different type of commercial plan. A fleet of vehicles means that you need to obtain appropriate protection for all of the vehicles that are registered to the company.

Even if your business only has one or two trucks, it may still be necessary to buy a plan that is different from a personal policy. The reason relates to the possible risk of other individuals driving the car. Depending on the number of employees with access to the car, the amount of coverage that you need will vary.

A company has very different needs when compared to an individual. As a result, the type of insurance that you need for vehicles may differ dramatically. Contact Hanneken Insurance to talk to an independent agent for more information about your options.