In Minnesota, you are not required to obtain a homeowner’s insurance policy but it sure is a good idea. If you have a mortgage on your home, you will be required by the lender to insure your home so their investment, along with yours, is protected.
Your home will be one of the largest investments you will make in your life so you will want to make sure that you secure the best policy possible to protect your home. Between the harsh Minnesota winters and the potential for hailstorms and wind in the spring and summer, you will want to make sure you have coverage for the actual dwelling of your home.
Dwelling coverage protects the structure of your house, including the roof and walls. This type of coverage will cover your home if it is damaged by a fire, vandalism, or natural disasters, such as a tornado or blizzard.
Personal property coverage will cover the items inside of your home if there is a fire or robbery. This includes items like your furniture, stove, refrigerator, and personal belongings.
Other structures on your property can also be insured, such as barns, garages, and sheds. This can even cover a deck or fencing around your property.
Liability protection will protect you and your property from a potential lawsuit if someone is injured while visiting your home and surrounding property or they suffer property damage while visiting your property.
Guest medical protection will pay the medical bills of a person who claims they were injured while visiting your home and property.
Additional living expenses protection is a nice add-on to obtain in the event your home is destroyed or deemed unlivable after a horrific event such as a fire or tornado. This policy will cover the expense for you to obtain new housing at another location.
To create the best home insurance policy, contact the trust home insurance agents at the Hanneken Insurance Agency Inc. in Little Falls, MN today!