How to Take Your Health Insurance with You

If you change jobs every three to four years like most of America, health insurance may be something that you haven’t purchased simply because you don’t want to bother switching carriers every time the view out the office window changes. However, you can focus on your future and protect your most valuable asset–your health–when you purchase a stand-alone policy from Hanneken Insurance Agency Inc. serving Little Falls, MN.

How Does It Work

When you find your own health insurance, you will either find a policy that is part of the Affordable Care Act or purchase one straight from an insurance provider. You pay the premiums just like any other monthly bill to maintain coverage. If you switch jobs, your healthcare stays the same without any pause in coverage, change of doctors, or increase of prescription co-pays.

Finding the Right Healthcare for Your Family

Did you know that small and large businesses can spend weeks every year negotiating rates and coverage options for their employees? The variety of policies is huge and finding a policy that takes care of your current health needs and offers protection for emergencies is a serious challenge. When you sit down with a health insurance expert, like our agents at Hanneken Insurance Agency Inc. we can cut through the mountain of choices and speed up your selection process.

Find the Freedom to Flourish

Have you hesitated to leave your unsatisfying corporate position to pursue your dream of building your own business due to health insurance? Take the time to check out the available options and find a policy that works with your current budget and includes the ability to expand coverage when you get off the ground. Once you sever your health insurance from an employer, you will be free to find the perfect position to fulfill your future in Little Falls, MN.

Why do I need farm insurance in Minnesota?

The Little Falls, MN area is well known for its very fertile soil and open terrain, which can make it an ideal place to own a farm. Those that do own farms in this area are very well aware of how valuable a business their farm is. To help protect your Little Falls MN farm and business, you need to have farm insurance at all times. 

Crop and Livestock Coverage

One unique form of coverage that comes with farm insurance is crop and livestock coverage. As an owner of your farm, your financial future rests heavily on your crop and livestock. When you have farm insurance, you can receive coverage for your assets from a variety of catastrophic events including fire damage, extreme weather damage, or tornadoes. This will ensure you receive financial coverage if you do suffer a loss. 

Property Coverage

Farmers also need to have farm insurance because they need to make sure that all of their farming assets are properly covered by insurance. A full farm insurance policy will include insurance for any dwellings on the premises, including barns, farmhouses, and other real estate. You will also want to make sure that you get insurance coverage for your heavy farm equipment, such as tractors and other machinery. This will ensure you are properly covered in the event something catastrophic happens to your farm and you suffer some type of a loss. 

As you are shopping for farm insurance in Minnesota, you should contact Hanneken Insurance Agency Inc. The team at Hanneken Insurance Agency Inc. is very experienced in providing insurance coverage to farm owners. They can help you to build a policy that properly meets the unique needs of farm owners and helps you to protect your very valuable farming assets. 

 

3 Reasons to Buy Whole Life Insurance

Whole life insurance may not be the right choice for everyone, but it can be a policy that protects you and your loved ones in ways you hadn’t considered. If you live in Little Falls, MN, it makes sense to explore your options before settling on a type of life insurance that will actually serve your needs. 

1. Consistent Payments 

When you buy whole life insurance, you’re getting consistency when it comes to how much you pay. In other words, you won’t have to worry about your premium going up as you get older, no matter what happens in the future. It’s also a permanent policy, which means that it’s always available to your loved ones. If you purchase term insurance, the policy will have an expiration date based on your preferences (e.g., the policy runs out when your youngest child turns 21). 

2. You Accrue Interest 

Like most permanent policies, whole-life insurance comes with a built-in savings component. If you needed to take out a loan later on in life, you can borrow from your life insurance policy. This loan is not interest-free, but it is tax-free. It can be exactly what you’re looking if you and your family hit a rough patch. There are also accelerated benefits available through a whole-life policy, which may pay for things like long-term medical treatment. It’s even possible to terminate the policy for a cash payout. 

3. Help When You Need It

When you buy whole life insurance, you have a wealth of options available to you. People in Little Falls, MN who work with Hanneken Insurance Agency Inc. know that they always have someone to turn to if they’re confused or have questions. Call Hanneken Insurance Agency Inc. today to learn more about how whole-life can work for you. 

 

Types of Commercial Insurance

Opening a business in Little Falls, MN can become a very rewarding experience.  Hanneken Insurance Agency Inc. wants to be part of that by helping cover you against losses. This blog covers the types of commercial insurance coverage that protect your business. Depending on your company, you might need one or all of them. 

You might think of commercial auto or commercial property insurance when someone mentions insuring your business, but it goes much further than that. Most businesses require property and liability insurance to protect against damages to their property or someone else’s. If they employee people, they also need a workers’ compensation policy to cover employees injured on the job. Here’s a quick list of policies your business may also need.

  • Equipment breakdown insurance covers the breakdown of boilers, equipment, and machinery. That includes your copier or your tiller or your crane, depending on your business.
  • Debris removal insurance pays for cleanup and debris removal following a covered hazard such as fire or flood.
  • Builder’s risk insurance covers structures you have under construction.
  • Glass insurance covers the glass on your building. If vandals break your store windows, this pays for their replacement.
  • Inland marine insurance covers other people’s property on your worksite and property in transit.
  • Business interruption insurance pays for your lost income and expenses if your business incurs property damage or loss.
  • Ordinance or law insurance could also be called code insurance since it pays the costs of demolishing and rebuilding to code if you partially damaged the building.
  • Tenant’s insurance is renter’s insurance for a business. It also pays for damages to improvements you, the tenant, made caused by employee negligence.
  • Crime insurance pays out when your business becomes the victim of a theft, burglary or robbery.
  • Fidelity bonds cover theft of property or money by a bonded employee.
  • Liability insurance pays for damages stemming from injuries your business caused to third parties. This category includes the specialized policies of errors and omissions ("E & O") insurance,  malpractice insurance and automobile insurance.
  • Directors’ and Officers’ liability insurance covers lawsuits against the directors and officers of corporations and nonprofit organizations. 

If you think that sounds a tad complicated, we can help sort it out. Contact Hanneken Insurance Agency Inc. of Little Falls, MN for a consultation to help you determine which policies your business needs.

How to Increase Your Home’s Security

At Hanneken Insurance Agency Inc. serving Little Falls, MN., we have seen more home break-ins than we would like to. While there is no way to prevent every break-in, the steps and actions you take can help to increase the security of your home and decrease the odds of your home being a target for thieves. Here are a few tips to help you increase your home’s security. 

Make Sure Your Home is Well Illuminated

One of the best ways to protect yourself against burglaries and break-ins is to ensure your home is well illuminated. Using exterior lights around the outside of your home can help you with this task. Trimming back trees and bushes that provide coverage for an intruder can also help. Thieves prefer to stay hidden, so making sure your space is well lit can be a huge deterrent. 

Utilize an Alarm and/or Cameras

Another way to help increase your home’s security is to utilize an alarm and/or cameras. A thief wants to easily get in and out of your home without being seen or heard. If thieves see that you have an alarm system and/or cameras, they may pass your home up. 

Ensure Valuables Are Not Left in Plain Sight

Finally, be sure to keep valuables out of sight. If a thief can look in through a window and see money, jewelry or expensive electronics, your home may be more of a target compared to a home where thieves cannot see anything. 

Having home insurance is important, as it helps to protect against any losses that you sustain as the result of unexpected events, such as a break-in. If you are in the market for a new home insurance policy in the greater Little Falls, MN area, let Hanneken Insurance Agency Inc. help you. Schedule an appointment with one of our insurance agents today. 

What Does Someone in Little Falls Need to Know About Auto Insurance

Most people in the Little Falls, MN area are very aware that they need to have auto insurance in place at all times. However, the process of researching and picking a policy can be a complicated process. There are several things that you need to know about auto insurance to ensure you get into a great policy. 

Coverage that is Required 

When you are shopping for auto insurance, the first thing that you need to understand is what type of coverage is required for your situation. All drivers in Minnesota will need to have liability insurance at all times. While it may not be required by law, many drivers will also need to have collision and comprehensive insurance if they have a loan out against their car. It is important that you know what your personal requirements are. 

Responsibilities

You should also fully understand your policy and responsibilities when you are shopping for insurance. This can include understanding how your deductible will work. The deductible is the amount of money that you will have to pay out of pocket before you can file a claim. Knowing this information will come in handy if you are ever in an accident. 

It is very important that you choose the right auto insurance policy for your Little Falls, MN car. When you are trying to find the right policy for your current or next car, the best place to turn to is the Hanneken Insurance Agency Inc. When you contact the team at Hanneken Insurance Agency Inc. you will receive the expert advice that you need to get into the best auto insurance policy possible for your situation. This will ensure that you are covered with the right amount and from a good provider. 

There is More to Farm Insurance in Minnesota Than You May Think.

Little Falls, MN has many farms and ranches in the region and surrounding areas each providing a vital agricultural service locally or even globally. A farm is a corporation in and of itself when it comes to all the aspects that need to be addressed daily ranging from animals, employees, valuable machinery, and buildings. At Hanneken Insurance Agency Inc. we provide quality insurance services including farm insurance, auto insurance, home insurance, flood insurance, and more. 

In the state of Minnesota, there are many insurance considerations when it comes to farming or ranching. For example, a beginning rancher or farmer will receive certain insurance perks that the first year that may make it easier to purchase affordable insurance. But this is not to exclude people who were raised on farms or ranches who are branching off on their own. Other considerations include which crop you grow in a particular year, your farm’s past performance, and unique risks and assets. Farm insurance is not quite as straight forward as other policies but this is to protect you, the farmer, and make sure you are protected as you run your unique corporation. Come in and discuss your particular insurance needs for your farm assets and risks, and we can help clear up any questions you have about farm insurance in your area. 

Contact us at Hanneken Insurance Agency Inc. for all of your farm insurance needs in and around Little Falls, MN. Or if you have any questions as you begin on your journey or running your own working farm or ranch you can come on in and discuss your farm with our experienced agent. 

Does Health Insurance Cover Preexisting Conditions?

Health insurance is no doubt a wonderful thing. It allows us to have help in paying for medical care that is essential to our being healthy and living a long happy life. For some with preexisting conditions, finding insurance can be difficult, with the right help you can find a policy that fits with you. For those in the Little Falls, MN area, the agents with Hanneken Insurance Agency Inc. can help you to find a policy that works well for you and that can take care of your condition.

The overwhelming number of insurance companies out there are going to ask you to fill out a health questionnaire to determine if you have any specific health issues that are pertinent to the insurance. Some insurance companies are not going to accept those that have conditions when they apply for the insurance. An example may be someone that has cancer, they want to switch to a better insurance that helps pay more for their cancer treatment, they would be required to disclose that they have cancer to the insurance company and the company can then either approve or deny their application. In most cases, a preexisting condition does not disqualify you for insurance but rather makes it necessary to get a different type of coverage that is going to cost more each month to make up for your added costs.

Insurance is something that you have to have and having a great policy that is going to be able to cover and help take care of your bills is a must. You should take the time to find a policy that works for you, no matter what condition you have. For those in the Little Falls, MN area, the agents with Hanneken Insurance Agency Inc. can help you find a policy that works for you.  

What makes car insurance rates go up or down

Life happens, and when it does your car insurance rates could go up as a result. There are things you can do to make them go down as well. The Hanneken Insurance Agency Inc. of  Little Falls, MN can help you sort out your rates, and help you find ways to make your cost lower.

Insurance companies often check your driving record when it is time to renew. If there are speeding tickets or other moving violations, your rates could go up. More serious matters like a DWI will certainly make your rates increase. Minor incidents will go away eventually, but repeated offenses, like repeated speeding tickets, will only make matter worse. Other criminal activity, non-driving related, could also increase your rates.

If you are at fault in an automobile accident, that could also make your rates go up. Filing any kind of claim can increase your rates. Also buying a more expensive car, or a more high-performance car could also make your rates go up. As people get older their rates may go up.  If your credit score declines, or if you move, are also factors.

On the other side, a good driving record can help keep your rates down. If you have teenagers, their rates may go down if they complete a safe driving course. Adding safety features to your car also helps and choosing a car that is not a sports or luxury vehicle will also help. Generally avoiding things that make your rates go up is the best strategy for keeping rates as low as possible.

Call or visit the Hanneken Insurance Agency Inc. today in Little Falls, MN to get the best insurance rates on your car. We are here to answer your questions and help you get the best policy for your situation.

How Does Home Insurance Cover Pets?

Little Falls, MN, is a great place to raise a pet. We all want the best for our animal friends, so some forward-thinking individuals might wonder how insurance does and does not protect their pets. The experts at Hanneken Insurance Agency Inc. have scoured policies to give you a clear answer.

Your Pet Is Harmed

Homeowner’s policies typically do not extend coverage to vet bills or the well-being of your pet. While pets are considered personal property under some purviews of the law, it doesn’t include insurance. Pet insurances do exist, but they’re primarily geared towards covering financially valuable pets. This includes purebred dogs and exotic animals.

Your Pet Breaks Things

There’s a reason for that meme where cats are always pushing things off of counters. Pet-caused damage is a normal part of life. It’s not something that will usually be covered by homeowner’s insurance. That’s the policy that’s made for major stuff. So, even though your pet might lovingly break something you value, the home policy isn’t the one to insure it. You can look into alternative policies for pet damage.

Your Pet Hurts Someone

Pets actually account for a significant percentage of personal liability claims every year, even in Little Falls, MN. It’s a pretty standard part of home insurance, but you do need to check the fine print. Some policies exclude covering dog breeds with the highest incidents of bites, for example.

If you want to be 100-percent sure that you have the best insurance for your furry best friend, talk to your representative at Hanneken Insurance Agency Inc. They’ll help you craft a perfect insurance plan to give the best to all of your pets.