Do You Farm? Protect Your Livelihood with Farm Insurance

If you make your living by farming, make sure it is protected. Farm insurance provides liability protection for bodily injury, medical expenses, and property damage like home insurance. The Hanneken Insurance Agency Inc. provides the insurance needs of those in and around Little Falls, MN.

Farm insurance is a hybrid form of coverage for commercial and personal protection. Farm insurance covers personal property related directly to the farming operation. The three categories of coverage are:

  • Farm equipment and machinery
  • Livestock
  • Farming products such as seed, silage, fertilizers, pesticides, and animal feed

In addition to the liability protection it offers, it will pay legal fees if you are sued for any injury or damage that is farm related. This is important if you have people employed to work on your farm.

The difference between homeowners insurance and farm insurance is that farm insurance is designed to provide wider coverage for outbuildings, such as barns, equipment, and vehicles used for farm operations.

Like a standard homeowners policy, farm insurance will cover your home and possessions and provide personal liability coverage. But it also provides coverage for livestock and machinery but does not provide coverage for your crops.

Farm insurance is a highly customized policy. You start with basic coverage, then add additional options based on your business and home needs. Because each farm is unique, it is not unusual for an agent to visit the farm to ensure the property is adequately covered.

To ensure your livelihood is protected from loss, contact Hanneken Insurance Agency Inc. insurance professionals to meet with one of their experts. Don’t allow your means of income to be put at risk. You will be glad you did.

Protect Yourself with Health Insurance

Do you think you are too young for health insurance?

You feel you have always been healthy, so there is no need for protection? This is incorrect thinking. If you live in or around Little Falls, MN, the Hanneken Insurance Agency Inc. can explain why health insurance is important.

Accidents or illnesses can occur to anyone at any time or age. Traffic accidents often involve young people. Sports injuries that can cripple a young man for life also happen. Don’t let an illness, injury, or accident dictate your financial future.

Did you know the cost of a broken leg can be as high as $20,000? Major surgery can destroy the finances of a family without health insurance. Why not allow the expenses of a catastrophic event to be shared by a health insurance provider?

Health insurance protects you from paying high out-of-pocket costs if an illness, injury, or accident befalls you. An ambulance and hospital bills on top of that can quickly add up to thousands of dollars. Four out of ten Americans cannot cover an unexpected $1000 medical bill. Therefore, it becomes a huge, almost insurmountable burden without the help you can receive from health insurance.

Here are some additional reasons why health insurance is necessary.

  • Our changing lifestyles have made us more prone to various health conditions. Commuting, unhealthy diets, hectic work schedules, poor food quality, and rising pollution put us at risk of developing health problems.
  • Coverage for pre- and post-hospitalization expenses are covered. The outpatient expenses, such as diagnostic testing, have also risen. No need to pay these costs out of pocket. Let health insurance handle the payment.
  • Preventive care is probably the best reason to purchase health insurance. Most companies will provide a yearly exam at little or no cost to the patient. This care prevents or catches an illness by early detection.

Don’t be caught without health insurance! It’s good for the entire family. Let Hanneken Insurance Agency Inc. provide a quote to get you started. Contact us today.

Three steps to choosing the best commercial insurance solution for your company

You need to invest in commercial insurance to protect your company from unforeseen expenses. Hanneken Insurance Agency Inc. is an insurance provider offering coverage in Little Falls, MN.

There are a few steps that you should go through when you are choosing a commercial insurance plan. The following are three steps to choosing the best commercial insurance solution for your company. 

Consider what types of commercial coverage your company needs

There are numerous types of commercial coverage available. You need to evaluate the needs and risks that your company faces. 

Types of commercial insurance include commercial liability, property, and auto coverage. Other types include product liability and workers’ compensation. Depending on your company’s industry, structure, and size, you may need one or several of these insurance types. 

Consult a few providers of commercial insurance for quotes

Getting quotes from commercial insurance providers is essential in finding insurance coverage for your company. Identify insurance providers offering commercial coverage in your area and provide them with your company details and insurance needs. 

You can then compare policies’ costs and consider which is best for your company’s budget and coverage needs. 

Choose a policy and remember to update your policy annually

You’ll need to choose a policy after evaluating your options and purchasing that policy. After choosing a policy, you’re not finished with commercial insurance considerations.

You’ll want to reevaluate your coverage annually to update your coverage according to changes at your company. 

We’re here to offer our expertise when you have questions about commercial insurance in Little Falls, MN. Send us your questions and inquiries at Hanneken Insurance Agency Inc. We’ll be happy to provide you with info on our commercial insurance offerings. 

Update Your Minnesota Life Insurance Policy Now

Why do you need life insurance? It’s one of those things that’s easy to put off until later. But the truth is, life insurance is one of the most important investments you can make. Not only does it give you and your family peace of mind, but it also provides financial security in the event of your death.

Life insurance is critical if you have young children or dependents. If something were to happen to you, life insurance would ensure specific financial needs are met even after you pass.

When to Update Your Coverage

But life insurance is not a one-time purchase. As your life changes, so too should your life insurance policy. That’s why it’s essential to review and update your coverage regularly. Here are a few key life events that should prompt you to reevaluate your life insurance needs:

  • Getting married
  • Having a baby
  • Buying a home
  • Getting divorced
  • Starting a business
  • Changing jobs
  • Your children leaving home
  • Retirement
  • New health conditions

If any of these events have happened in your life recently, now is the time to update your life insurance policy. Contact us today for a free quote! Hanneken Insurance Agency Inc.’s team works with you to find the right coverage for your needs and budget. We can explain the options and how your life changes influence your policy.

Choose Hanneken Insurance Agency Inc. for Life Insurance

Don’t wait to update your life insurance policy. A life change can happen anytime, and your life insurance policy should reflect that change when it does. Hanneken Insurance Agency Inc. specializes in finding the right coverage for families in Little Falls, MN.

The Benefits of Participating in a Defensive Driving Course

At Hanneken Insurance Agency Inc., serving the greater Little Falls, MN area, we are often asked many questions about auto insurance. This includes questions about getting the best auto insurance rates, keeping teenage driver’s insurance rates low, and keeping drivers as safe as possible on the roadways. Defensive driving courses are one of the answers we often give to these questions. Read on to learn more about defensive driving courses and the benefits of these courses. 

What is a Defensive Driving Course? 

A defensive driving course is a class that helps teach defensive driving techniques. Most of these classes have two parts; a classroom instructional part and a behind-the-wheel part. Each part is designed to help teach you what to do if your car is sliding on ice, if you are dealing with an aggressive driver, or if you are facing other road hazards. This helps prepare you in case one of these events happens while driving. 

What Are the Benefits of Defensive Driving Courses? 

The most significant benefit to a defensive driving course is that you learn how to drive defensively. Many studies have shown this reduces your chances of being involved in an accident. Defensive driving can reduce your accident risk so much that many insurance companies will offer a discount to drivers who participate in these courses. 

Taking a defensive driving course may help you to get lower auto insurance rates while also helping you to be a better and safer driver. If you are in the market for a new auto insurance policy, Hanneken Insurance Agency Inc., serving the greater Little Falls, MN region, would love to help you. Call or email us today to schedule an appointment to discuss your auto insurance needs. 

Tips for preparing your home for an emergency

Minnesota is an area where emergencies are not unknown. The weather can be unpredictable and between winter storms, tornados, and flooding, being prepared for an emergency is something that everyone needs to be aware of. In Little Falls, MN, residents count on Hanneken Insurance Agency Inc. to have the products they need along with personal and friendly service. 

Losing your power is a normal part of most emergency conditions. When you don’t have power, that can affect your heating and cooling. It can also mean you have no water or sewer. Not to mention lights and power to run your appliances. A generator can provide the power you need. Generators run on gasoline or propane and, depending on the type and size, can run your entire home or can, at the very least, keep you warm and your food cold. 

Depending on the emergency, you should have plenty of bottled water. Many different types of emergencies can result in public water contamination. You also should have water to flush the toilet. This usually means filling the bathtub with water. 

If you have a propane grill, you have a way to cook. Having a propane camp stove can also be a blessing. Make sure you have canned and packaged food that doesn’t require refrigeration. 

Battery-operated lanterns can provide lighting, and candles add atmosphere, but they are also a fire hazard. LED lighting doesn’t require many small lanterns to keep your home lit and bright. Having a charging device like a Halo, you can keep your electronics charged, and the Halo can be recharged in your vehicle if needed. Once your cellphone, laptop, or tablet is charged, you can keep up to date on what is happening with repairs in the area. 

In Little Falls, MN, contact Hanneken Insurance Agency Inc. to get a no-obligation quote for your home insurance. 

What Are Some Common Exclusions In Commercial Insurance Policies?

Most business owners assume that purchasing commercial insurance means their business and property are covered against all risks, which isn’t the case. Some risks aren’t covered, and it’s vital that you are aware of them. As a business owner in Little Falls, MN, the knowledge will enable you to implement best practices to mitigate excluded risks. The standard commercial insurance exclusions are:

1. Catastrophic Events

Risks of catastrophic events such as war and the effects of war aren’t covered under commercial insurance. For instance, if a war breaks out and an explosive damages your commercial property, your business property policy won’t cover the damage. However, you can get specialized commercial coverage for catastrophic events like earthquakes and flooding.

2. Equipment Maintenance Issues and Wear and Tear

Business equipment coverage is a necessity if you are utilizing any equipment in your business operations since it covers it from loss or damage. However, this coverage excludes equipment loss or damage resulting from maintenance issues and wear and tear. This means that risks that can be mitigated with regular maintenance, such as corrosion, rust, and insect infestations on your equipment, won’t be covered. This is why at Hanneken Insurance Agency Inc., we advise our clients to implement outstanding equipment maintenance practices.

3. Risks Against Public Policy

No commercial insurance covers risks against public policy such as violations of the law, crimes, and intentionally caused injuries. Threats against public policy are excluded because providing coverage might encourage people and commercial enterprises to violate the law. Therefore, if a company’s management intentionally commits fraud, commercial insurance won’t offer any coverage.

4. Refunding or Repairing Faulty Products

Most businesses also get product liability coverage, but this only covers bodily injury and property damage resulting from faulty products. It doesn’t cover the cost of refunding or repairing defective products.

Contact Hanneken Insurance Agency Inc. for more info on commercial insurance in Little Falls, MN.

What Are The Different Types Of Life Insurance Policies?

If you seek life insurance in Little Falls, MN, it’s essential to familiarize yourself with the different life policy options available. This will enable you to get life insurance coverage sufficient to protect your family financially in case you die. Here are the basic types of life insurance policies. 

1. Term Life Insurance

Term life policy is arguably the most affordable life policy. It provides coverage for a limited period, typically 5 to 30-year spans. An annual renewable term life policy is usually renewed annually without proof of insurability; however, the premium may increase after every renewal. 

2. Permanent Life Insurance

A permanent life policy offers coverage for your entire lifetime. You will be required to pay premiums for this life policy for as long as you live. It also offers a “cash value” savings element. Under permanent life insurance, there is whole life insurance, universal life insurance, and variable life insurance. At Hanneken Insurance Agency Inc., we recommend you consult an insurance expert to determine which of the three permanent life insurance options best suit you. 

3. Final Expense Insurance

Final expense insurance is a life policy designed to cater only to the end-of-life expenses like funeral and burial costs. You will have to pay premiums for the final expense policy throughout your life, and it has no cash value/investment component. 

4. Group Life Insurance

Group life insurance can only be bought as part of a group, such as via a membership organization or your employee benefits package. This life policy is usually term; in most cases, it doesn’t provide sufficient financial protection to your family. This means that if you have group life insurance, it’s prudent to get additional life insurance life a permanent life policy. 

Contact Hanneken Insurance Agency Inc. for exceptional life insurance offers in Little Falls, MN.

What Are Some Common Discounts Offered By Auto Insurance Companies?

If you plan to get auto insurance in Little Falls, MN, you should know that you might be eligible for discounts on your premiums. These discounts will make your premiums more affordable. Here are some common discounts that we at Hanneken Insurance Agency Inc. believe every auto insurance policyholder should request. 

1. Multi-policy Discounts

You are eligible to receive this discount if you purchase your auto insurance policy and other policies like homeowners insurance and medical insurance from the same insurance provider. The discount can be 5% to 25% if you get your car and home insurance from the same insurer. 

2. Multi-Car Discounts

You can access this discount if you have insured more than one vehicle with the same insurer. The discount can be between 8% and 25%, depending on the number of cars you have insured with the insurance company. 

3. Vehicle Safety Discounts

Insurers offer vehicle safety discounts to car owners with extra safety equipment like airbags, daytime running lights, and anti-lock brakes. While daytime running lights have a small discount, if you have full front-seat airbags, you can get up to 40% discounts applied to your personal injury protection coverage. 

4. Anti-Theft Device Discounts

You are eligible for this auto insurance discount if your vehicle has anti-theft features like stolen vehicle recovery systems, VIN etching, and GPS-based systems. This discount will be around 5% to 25% and will be applied to your comprehensive coverage. 

5. Good Driver Discounts

Car insurance providers offer discounts to good drivers with an incident-free driving history. Your clean driving history can give you a 10% to 40% discount. 

Do You Require Auto Insurance in Little Falls, MN? 

At Hanneken Insurance Agency Inc., we are a top-notch auto insurance provider serving the Little Falls community. Call us today.

What every new homeowner should know about home insurance

For new homeowners, there are many concerns. Owning a home is a lot more than just paying a mortgage. It would be best if you protected your home and yourself from some of the perils that can happen. That is what home insurance covers, but most new homeowners aren’t experts at home insurance and may not know some important things about it. In Little Falls, MN, you can count on Hanneken Insurance Agency Inc. to provide the expert service you need to make the right decision. 

You can choose your deductible.

The amount of deductible you choose does affect your rate. The higher the deductible, the lower your rate. But if you have trouble coming up with the money for a higher deductible, stick with a typical $500 or $1000. 

Your mortgage holder requires home insurance.

If you have a mortgage, you will need to have home insurance. If you don’t get it, your lender will, and it may not be the best rate or the best policy. It is advisable for you to choose your policy and to make sure you maintain it for the life of your loan. 

You have content choices.

Regarding covering your content, the total amount will be a percentage of your property coverage. Do you want to replace everything you own? Maybe not. You can choose to replace it at the current value. The other option is to replace it at the cost today. Some categories have limits, you may need to add a rider. 

Your policy has exclusions.

Not everything is covered. Read your policy carefully. Most policies exclude floods, owner neglect, termites, mold, earth movement, sewer backup, war, and nuclear accidents. 

Contact Hanneken Insurance Agency Inc. in Little Falls, MN when you need to get home insurance for your new home.