Blaine Home Insurance

Having your own travel insurance policy is the most essential purchase that you should make from before hand so that you can make your journey trouble free and enjoyable. It may be tricky to purchase a travel insurance policy for those people who are buying it for the first time. However, with the help of Internet and proper research, you will be able to find out the most suitable one that meets your needs and requirements.

5 Important questions you need to ask yourself about travel insurance

Go through this article to know about the 5 important questions that you should ask yourself when you are planning to purchase a travel insurance policy.

Has the policy been written by a genuine underwriter?

When you are planning to buy a travel insurance policy, it is very important that you find out whether or not the policy has been written by a genuine underwriter. This is because the company from whom you’re buying the policy is not the one who has written the policy. It is advisable that you should never purchase a travel insurance policy from any local travel agent other wise, you may have to pay the odd charges on your policy.

Have you compared between various insurance companies?

There are innumerable insurance companies in the market offering you the policy with same benefits but at different rates. It is advisable that when you’re planning to buy a travel insurance policy, you shop around thoroughly and compare between various insurance companies. This will enable you to choose the most suitable policy that fulfills your essential requirements.

Are you getting the required amount of coverage?

You buy a travel insurance policy so that you may be able to get the required amount of coverage in case any mishap happens suddenly while you’re on a trip. As such, it is important that you find out if the policy that you’re buying can provide the required amount of coverage that you want to have in your policy. In case, you find that the policy cannot fulfill your criteria, it will be of no use buying that policy.

Have you read the clauses of the policy carefully?

Before purchasing a travel insurance policy, it is advisable that you go through the clauses of the policy very carefully. Many times it has been found that the insurance company does not tell you about the hidden charges that are included in the policy due to the fact that they may lose their customers. Avoid falling into such unnecessary situations by reading the terms and conditions of the policy from before hand.

Are you getting sufficient medical coverage?

It may happen that you have suddenly fallen sick while you are on a tour. In this situation, it is important that your travel insurance policy offers you sufficient medical coverage. Shop around thoroughly to find out if the policy that you’re purchasing can cover the medical costs and hospital bills in case you fall ill while being on a trip.

Thus, before buying a travel insurance policy, consider the above questions in your mind so that you may be able to buy the most suitable one for your own benefit.

New Ham Lake Location 14954 Aberdeen St NE 763-425-2145 We are in the same building as Route 65 classics Insurance specialists Team

See the life insurance page for tips and get easy fast term life insurancew quotes. Life Quotes http://www.blainehomeinsurance.com/life-insurance-mn

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7 Steps to Getting Your Home Insurance Claim Paid Fast

There are few places in America that aren’t subject to some type of natural disaster. Whether it’s severe weather like tornadoes and thunderstorms, floods, earthquakes or wildfires, or water damage from a burst pipe, it is important to be aware of the potential hazards that could affect your family and your property.

This means having a plan in place in the event of a natural disaster — and understanding the best strategies for dealing with insurance companies in the wake of such an event. Knowing how to get your insurance claim filed, processed and paid as quickly as possible can be a major help in getting your life back in order.

1. Take Pictures and Inventory

Even before a disaster strikes, photograph and take inventory of your home and possessions that you can show to the insurance company as a reference. Digitize and catalog the photos as a back up on a cloud computing site such as Flickr, Photobucket or Picasa; this will enable you to show immediate proof of your possessions even if they are completely destroyed.

2. Move Quickly

Insurance companies deal with claims on a first come, first serve basis. In a large storm that may impact hundreds or thousands of people, you’ll need to act fast to get the quickest response possible. Contact your insurance company to begin your claim as soon as possible following such an event. Keep copies of all of your important documents in one convenient folder — such as mortgage information, land titles and insurance forms — that can be quickly retrieved as part of your essentials in the event of an evacuation or for easy reference following a natural disaster.

3. Make Emergency Repairs

If there is a hole in your roof, don’t wait for the insurance adjuster to examine the roof before you fix the problem. Take a picture of the damage and do what you need to do to keep the problem from getting worse. This level of diligence is required by most homeowner’s insurance policies. Be sure to keep receipts of any supplies purchased or expenses you incur, as they may be reimbursed.

Additionally, if you are unable to live in your home because of the damage, keep track of all expenses you’re responsible for during the interim. You may also be reimbursed for these costs, or you may be given a stipend to cover your expenses.

4. Keep Records

It might be difficult, but it is vital to keep track of all of the correspondence you have with the company. This can be as simple as a notebook or as deatiled as an Excel workbook. It is important to keep track of the date and time of correspondence and a brief description of the conversation. An easy way to do this is to interact with your agent through email, which ensures you have a digital record of the entire process. Print the conversations and store them in a safe place as a back up.

5. Meet Your Adjuster

Even if you have to evacuate for the disaster, make sure to be there when your adjuster inspects the damage. By being there in person, you can help explain what happened and answer any questions that may arise on site. Offering detailed instructions and having first-hand proof can help you get the highest possible amount from your claim.

6. Get a Second Opinion

Did you know you could get an independent adjuster to review your claim if you don’t feel the insurance adjuster is looking at the whole story? If you feel like the adjuster is short-changing you on a claim, find out your insurance company’s policy on contesting claims. Don’t be afraid to get a second opinion.

The National Association of Public Insurance Adjusters has a list of accredited public adjusters that can offer a professional assessment of your claim. The initial cost of this could save you thousands in legal fees down the road should you decide to challenge the adjustment your insurance offers.

7. Be Diligent

Don’t just file the claim and sit back and wait — the work is far from done. It’s vital to maintain contact with the insurance company to see to the progress of the claim and offer feedback in the event of a dispute. If the company denies the claim, be sure to find out the language in the policy that caused them to deny it. Perhaps they have overlooked something or made a mistake. If you feel like you are being mistreated, you may want to contact a lawyer or file a complaint with your state insurance department. They may be able to mediate the claim without requiring you to take it to court.

The Investing Answer: Preparedness is one of the best ways to protect yourself and your family against natural disasters. This means having a plan for disaster — and for the aftermath. While filing an insurance claim can be stressful, if you prepare before an accident happens and stay organized during the process, you can handle the claim quickly and efficiently.

By Brian Reed
September 27, 2011

Cheapinsuranceinmn.com

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Also, you would Never be liable for the personal property of a tenant (except if you were completely negligent). However, as a landlord I would require your tenants to carry a renters policy simply for the Liability portion of the policy. Liability is the coverage that protects you from you tenants or your negligence. Like, if you were at your property one day to do some yard work & left the hose out on the sidewalk & the postman trips over it. He would probably sue you. Liability covers that. I would suggest no less than $300,000 per occurance. It’s usually pretty inexpensive (around $40.00 a year) to bump it up from $100,000.00 to $300,000.00.

FYI: The insurance company probably would not deny the claim but after the claim was closed they would most definitely set you up for non-renewal. That looks very bad when shopping for a new company. One of the questions will be: Have you ever been non-renewed & why?

You just sustained a fire loss to your home but, thankfully, no one was injured. The fire department reached your home quickly enough that only the garage, family room and part of the kitchen were damaged. It is an emotional process to see your home and your possessions lost, but you have home insurance, and that should take care of the financial loss. The insurance adjuster arrives to the home and after sympathizing with your loss they calculate the damage to the home to be $100,000. However, the story goes from bad to worse when the insurance adjuster hands you a check for $80,000. Suddenly you become disappointed, then angry and frustrated. How could this be? Why do I pay for insurance if it doesn’t take care of me when I need it? I don’t have an extra $20,000! This is when the insurance adjuster mentions a phrase you never want to hear again, “Insurance to Value”.

What is “Insurance to Value”

Insurance to Value is a provision in most home insurance policies that states you must insure your home to a specified percentage of the value of the home. This requirement is normally 80%-100% of the cost to replace or rebuild the property (not the market value). In return to complying with this provision, the insurance company usually offers lower rates. However, if the Insurance to Value requirement is not met, you are considered “underinsured” and can be penalized when a property claim is filed. The penalty is calculated using the formula below.

Insurance Carried on Property

————————————–     X   Damage Amount  =  Amount Paid by Insurance

Insurance Required on Property

Let’s revisit our example to see why the Insurance to Value provision caused the insurance company to pay $20,000 less than the $100,000 of damage you suffered in the fire. After letting you blow off some serious steam, the adjuster explains that the amount of “Insurance Carried” on your home insurance policy was $200,000 but the “Insurance Required”, based on your 100% Insurance to Value provision, is $250,000. Thus, you are underinsured by $50,000 or 20% and your $100,000 of fire damage is only covered for $80,000*.

$200,000 (Carried)

—————————   X   $100,000 (Damage) = $80,000 (Paid by Insurance)

$250,000 (Required)

How Can I Protect Myself

I know this example may sound extreme but it can and does happen. It is estimated that 60% of homes are underinsured by as much as 20%. Here are some tips to protect yourself from being underinsured and from being disappointed if you have a home insurance claim.

1. Contact your agent to find out what your “Insurance to Value” requirement is on your home insurance policy. The impact can be significant if it is 80% or 100%.

2. Have your agent calculate the replacement cost value of your home and find out if you are underinsured. Even if you have to pay a few extra dollars to increase the coverage on your home insurance, it is much better than going through a claim that leaves you paying thousands of dollars out of pocket.

3. Make sure to contact your agent anytime you upgrade, improve or make an addition to your home because this may change the amount of insurance you are required to carry. See more on this subject in our prior blog post “Don’t Improve Your Home Without Improving Your Insurance”.

4. If you are shopping your home insurance, make sure to ask what the Insurance to Value requirement is and how a partial loss and total loss claim would be handled. Not all insurance companies handle this the same way and this is a great example why shopping insurance solely on price can be dangerous.

Were you aware of this important home insurance penalty? Please leave questions and comments below.

* This example assumes the actual cash value settlement option is less than the Insurance to Value option

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Happening Now! Local Area Residents Saving Big $ On Their Home Insurance.

Home Insurance rates are going up again this year.  When your home insurance goes up – You need to call 763-390-4872

You don’t have to take your insurance companies nonsense any longer.   Drop a bomb on their high rates.   You have other options – like saving  a bunch of money on your home insurance here.  Many area residents have already switched over their insurance and saved a signifcant amount of money.

Some have saved over $1000 on all their insurance.    Maybe you can too.

Some people thought they already had a good deal - until they reviewed their insurance.  Many still can’t believe how much they saved.

It is possible they had good deal when they first started the policy.  However,  It only takes a couple double digit increases – like we’ve had in MN, to be way over paying.  Compound a bunch of little yearly increases and it adds up to paying way too much.

Did you notice how much your insurance went up last year?  How much has it gone up since you started the policy?

Last year over fifty percent of home insurance companies in Minnesota had double digit rate increases. Your insurance rates are likely not going down this year as more companies will have increases.

What could you do with an extra $1000 a year?  You don’t have to hope for a big tax return or another stimulus package to get a break.  It’s right here and easy for you to get your own home insurance stimulus.

This is not the first time you have seen an offer telling you how you can save on home insurance.  So, why is this one different?

Basically, We are not some big corporation trying to cater to the masses.  We specialize in just this area niche and it gives us an advantage.  We are experienced local expert agents - not some customer service rep’s in another state – just working for the company.  We are not captive agents working for just one company either. We represent many companies and work for you.

Our edge is we know this market and we have really good connections.  We know which companies are planning rate increases, which ones already had increases, and which ones have had rate reductions.   We compare policies and quotes everyday.  So, we know this market and the competition too.  We almost always have the best rates.  We actually have some competitors agents as clients.  They like to save money too.

Our experience combined with a  proprietary rating software system will give you a huge advantage you can’t get anywhere else.  We are local so it is much safer too. You can do it all online here, call, or stop in.  We have dozens of companies so you don’t have to shop all around. We are a short cut.

Here are some of the reasons why people are overpaying:

• Some never review their insurance and do not realize how much rates have gone up.
• They tried comparing  once and it was a hassle – so they don’t bother to try.
• People don’t like change.
• People are really busy.
• They don’t know who to trust.
• Insurance is boring – that is until you save money here and get a big refund from your current carrier.
• They really like their agent.
• Some people are just way too lazy.
• Some people have lazy agents.  Most of them won’t offer to review or go after all the discounts available.
• Whatever reason you may have - you should let us review your insurance.

Here is why you should…..

You could use the money saved for something else.

You will know for sure you are not over paying.

We represent all the top companies in this area from AAA to West Bend Mutual.  So, your going to have a solid company.

There are some companies – not many - that actually had rate reductions in Minnesota.   We know which ones had reductions and how to get their lowest rates.

We take the time to get you all the discounts available and it can really add up. We have some of the easiest quote forms.  It won’t take much time.  It will be easy.  You can do it all online, call, or stop by one of our offices.

It’s easy!

Here is what you’ll have:

You will have an experienced local agent who knows the competiton, this local market, and one that is really tough to beat.  You will have periodic reviews to ensure your rates are always good and you are properly insured.

Let other fools spend hours shopping around trying to figure it all out, who to trust, or  keep over paying, etc..   You can take a short cut, have all the advantages without all the hassles, by just calling us or filling out a simple form.  You’ll have more money with equal or better coverage and no hassles.

I am going to make it even easier for you to take a look and put the risk on me.  I want you to review your insurance now – no excuses.  So here is the offer.  It is not only free to see if you can save money – If we can’t beat your current rates for this years policy in 2011 – we will give you a $25.00 gas card for letting us try.  No strings attached. So take action now.   You can’t lose unless you do nothing.  In which case you are likley to lose a lot each year by over paying.  I know you will get busy and we will too.  I am also afraid we are going to run out of gas cards.  So, this offer will end 08/15/2011.  Call or click now.

You also need to know this offer is not for everyone…..   If you are known as uncle “ Cheap Skate Charlie” and you are the type of person who does not care what kind of coverage you have and only have insurance because the bank is forcing you to have insurance….then we are not right for you.  We offer only the best coverage at the lowest cost here.

If you don’t mind paying hundreds more than you need to each year…then you will probably not be interested.

If you are an agent or your brother in law is your agent  - we are probably not right for you.  Unless you really need to save money.

If you are not getting up right now gathering your insurance papers – we are probably not right for you.

However, if you are the type of person who takes action and takes their finances serious and you are not one of those other people listed above… then you really going to like it here.  Click on the home button or call 763-390-4872 and start saving now.

-This offer is only for Anoka and Sherburne county residents. I will try to post some recent home insurance quotes as proof later.  Please don’t wait.  Your insurance company does not need any more of your money.  Take action now before your rates go up again.  You are going to be really surprised.

What people are saying about Tim Peddycoart, BlainehomeInsurance.com and The insurance Specialists Team

” We have had our insurance with Tim for four years now and I figured it has saved us over three thousand dollars so far.  I am glad we reviewed our insurance and switch from American Family.  “  – Mark Beilke

“Our mortgage peron said our insurance looked really high and referred us to Tim.  We were paying close to $1200.00 a year with our old company and now our insurance is less than $600 a year. I had no idea we could save that much.  Awesome”  – Frank Thibault

” I have known Tim for many years.  I’ve been meaning to call him for years.  I finally did when my rates when up again with Nationwide.  Man,  I wish I had called Tim sooner.  I saved over $400. ”  – Robert McMahon  - St. Louis Park, MN

Please ask questions or post your comments and how much you saved below.  Thank you!

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