5 Things You May Not Know About Minnesota

Even through its bitter winters, Minnesota is a beautiful place to call home. How much do you know about the Country’s 12th largest state?

Here are 5 things you may not know about “The Land of 10,000 Lakes”.

  1. The state’s slogan is not only NOT an exaggeration, it is an underestimation. Minnesota actually has 11,842 lakes that are OVER 10 acres.
  2. Minnesota is huge, but 60% of the population lives in the Minneapolis-St. Paul Metropolitan area.
  3. The state’s record high temperature and its record low temperature spans an amazing 174 degrees! The record low of −60 °F occurred at Tower on February 2, 1996. The record high was 114 °F in Moorhead on July 6, 1936.
  4. Minnesota has 52 state parks, with its first, Itasca State Park, the source of the Mississippi River.
  5. Our state leads the nation in the production of sugar beets, green peas and sweet corn for processing and in farm-raised turkeys.

You may not have known some of the above facts, but if you don’t know the difference in basic form vs special form commercial property insurance, it could be costly for your business. Basic form policies spell out the specific perils covered. In Special Form policies, perils are covered unless they are specifically excluded. A majority of businesses prefer the more far-reaching coverage of Special Form commercial insurance.

If you are unsure of your commercial insurance coverage, or if it has been a while since you’ve had a review, contact us at the Hanneken Insurance Agency. We are an independent agency offering coverage for both businesses and homeowners. If you would like a comparative quote online for your homeowners or auto insurance coverage, visit our website. For commercial insurance coverage, contact our office.

What you may know about Minnesota can be interesting. What you don’t know about your commercial insurance can be costly. Contact Hanneken Insurance Agency today!

The Commercial Insurance Difference You Should Know About

Minnesota is a big state with some big differences. We have the metro area of the Twin Cities, and the rural areas of Superior National Forest. We have the small town feel of Fargo and the shipping at the Port of Duluth. We are even home to International Falls, which gets more than its fair share of publicity in the winter. Even the accents are different between parts of the state, although only locals may notice the difference.

If you operate a business in the state, do you know the difference in commercial insurance? It is not as complicated as it may first seem.

When it comes to property insurance, there are two main forms, Basic Form and Special Form. With Basic Form insurance, each covered peril is specifically spelled out. If it is not mentioned in the policy, it will likely not be covered. On the other hand, Special Form insurance takes a more encompassing view. It states that all perils will be covered EXCEPT those spelled out in the policy. Most business choose Special Form insurance because of the broader range of protection it provides.

There’s another big difference in insurance you should know about. That is the difference between captive and independent insurance agencies. While captive agencies can only offer the products of the single company they work for, independent agents can work with multiple companies to locate the best rates. Hanneken Insurance Agency is an independent agency. If you would like to know more about your coverage, please feel free to contact us. We can review what you have and make any needed recommendations.

Compare your auto and homeowners insurance rates online from our website. You’ll discover the differences an independent agency can make. If you would like to discuss business insurance, contact us. We look forward to working with you.