Three mistakes to avoid when you buy health insurance in Minnesota

Health insurance is one of the most important financial products you need to both protect your finances and stay healthy. We provide health insurance policies in Little Falls, MN at Hanneken Insurance Agency Inc.

The following are three mistakes you need to avoid when you buy health insurance in Minnesota.

Selecting the least expensive plan available

It’s important to carefully evaluate any plan before you choose it. Plans are going to vary widely in cost. However, it’s important to realize that less expensive plans won’t offer nearly as much coverage as the plans that cost more.

Choose a plan that best suits your needs and offers the best value. 

Not buying any coverage because you think you’re healthy

Too many Americans make the mistake of thinking they can get away with not having coverage because they’re healthy. 

It’s important to at least have some basic coverage to protect yourself in the event of an injury or illness. You never know what can happen in the future. Most individuals occasionally need health care services even if they are healthy. That’s why it’s so important to have insurance.

Being unaware of government subsidies and assistance you’re eligible for

There are many government programs that help consumers to afford the costs of health insurance.

It’s essential that you look into your eligibility for government subsidies before purchasing a plan. Otherwise, you might end up paying much more than you should have for coverage. 

If you’re on the market for health insurance in Little Falls, MN, contact us at Hanneken Insurance Agency Inc to learn about the health insurance options we offer. We can answer your questions about health insurance in Minnesota.  

Who needs farm insurance in Minnesota?

For those that are in the Little Falls, MN area, owning a farm can be a great way to earn a living. There continues to be a demand for farmers in this area of the country and the industry offers a lot of potential for success. If you are going to purchase a farm here, you need to make sure that you insure it as well as possible. There are several situations when someone would need to get a farm insurance policy. 

Those Taking Out a Loan Need Insurance

A lot of people that own a farm will need to take out a loan at some point. Farm loans can be used to purchase new equipment, build a barn, or pay for inventory. If you do take out a loan of any kind, you will have to get the proper coverage to comply with the lender’s requirements. Lenders usually require insurance as it can protect their collateral and could help keep your farm solvent. 

Those Looking to Expand Customer Base

Another situation when you are going to need farm insurance is when you want to expand your customer base. If someone is going to purchase products from you, they will want to ensure that you are properly covered by liability insurance. Having a good insurance policy could be a requirement in order to grow and find new customers. 

Anyone that owns or manages a farm in the Little Falls, MN area needs to make sure that they protect it as well as possible. When you are looking for a new farm insurance policy here, you should call Hanneken Insurance Agency Inc. The team at Hanneken Insurance Agency Inc. understands the unique risks that come with owning a farm. They can then help you build an insurance policy that will mitigate these risks as much as possible.