Ask the Insurance Expert

Insurance in Minneapolis

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Tim Peddycoart  with Insurance Specialists Team in Minneapolis explains how an independent insurance agent can help you meet personal and business goals. You can reach Tim at (612) 460-7796 and his website is https://minneapolisinsuranceteam.com/
Minneapolis Insurance Specialists Team
333 N Washington Ave, Minneapolis, MN 55401
(612) 460-7796

Minneapolis Insurance Team

Independent agents represent many companies and provide choices and options.

A business or a person’s insurance needs can be unique. An independent agent can help tailor a policy that not only covers you.  It makes it easier to get you or your business the best prices.

Do You Need a Personal Umbrella?

Are you really protected?  In today’s litigious society – you probably don’t have enough liability insurance coverage.

Aren’t personal umbrellas just for the super rich or wealthy?  Ummm No.

Minneapolis Insurance Coveage

Whether it’s a serious at-fault auto accident, boating accident or an incident on your property, you can quickly find yourself responsible for damages that exceed the limits on your auto, homeowners, renters ,boat, motorcycle or snowmobile policy.

If it’s an expensive judgment it’s is the last thing you want to worry about – especially if you’re just starting to get ahead after years of hard work. Accidents happen and it could all be gone. And when you find out how inexpensive an umbrella policy is – it will be even worse.

Fill out the form below and do some quick calculations.  Check easy quick and see if you think you should consider an umbrella. If you prefer call or chat with a specialist.

 

 

 

We offer limits ranging from $1 million to $10 million for customers meeting eligibility criteria. And, when you require legal defense for a covered claim, the policy helps cover defense costs such as attorney’s fees and other expenses.

Judgment amount $2,000,000 – $30,000 auto liability limit = ruined… everything ruined. 🙁

The good news…Use the calculator below and then call and speak to a specialists.  It’s highly possible to not only get better coverage – you’ll save money too.  🙂

 

Do you have the coverage you may need?

Total amount you have At Risk:

Current Insurance Protection

Gap in coverage?

Yes

No

"At Risk" Gap (What you need vs. What you have):

Call me to talk about ways to fill the gaps!

If responsible for an accident, you may have to pay for...
  • Car Damage
  • Loss of Use
  • Towing
  • Car Rental
  • Damage to Personal Property
  • Damage to Business Property
  • Environmental Cleanup
  • Modification to a Home
  • Pain & Suffering
  • Towing
  • Loss of Essentials Services
  • Attorney Fees
  • Loss of Wages
  • Medical Bills

 

 

Staying safe on the road during a hailstorm

It sounds surprising, but there are approximately 3,000 hailstorms in the United States each year. The size of hail can widely vary – from golf-ball size to softball size. And when it starts building up size, hail can cause not just severe property and vehicle damage, but also bodily harm and even death. On average, hailstorms annually cause over $1 billion in damage to property, approximately 1,500 injuries and 80 deaths annually.

Hail Damage

One of the most frightening places to be during a hailstorm is on the road in your car. Obviously your vehicle is at great risk of damage, but even more importantly, you are in danger in the event you can’t see well enough to drive or your windows are broken in by the power of the storm.

 

 

 

 

 

At Insurance Specialists Team, we want to ensure you, your loved ones, and your vehicle stay safe this hail season. Here are some pointers for navigating a hailstorm while on the roads in Minnesota.

 

  • It’s not a bad idea to have a blanket in your car at all times. It can help protect you from glass injuries in the event the hail breaks your windows  or windshield.
  • Turn on your low-beam headlights, and slow down.
  • Make sure you have more distance than usual in front of you so you have ample space to brake if necessary.
  • Turn on the local weather radio station to stay apprised of the status of storms.
  • If there is enough space on the shoulder of the road, pull over.
  • Turn on your hazard lights, regardless of whether you are pulled over or moving slowly; this will help other vehicles to see you and avoid accidents.
  • If there is a covered shelter to pull underneath, do so; this will reduce the damage sustained by your vehicle.

At Minneapolis Insurance Specialists Team, we hope you stay hailstorm-free this season!

Life Insurance Costs for Smokers

Everyone knows – especially smokers – that cigarettes are expensive.  Below is an info graphic showing the cost of life insurance for smokers vs. non smokers.  Smokers die 10 years earlier and may really have a need life insurance.

Life Insurance QuotesAre you considered a smoker?

 

In the life insurance world, you’re considered a smoker if you answer “yes” to the smoking question on your insurance application. If you’re asked if you’ve used tobacco products, including cigarettes, cigars, and chewing tobacco, within a specified time frame – and you have – your answer should be yes. If you enjoy a good cigar from time to time or smoke just two cigarettes per year, you are considered a smoker. Occasional cigarette smokers and just a cigar once in a while are still considered smokers.

Are E cigarettes or” vaping” considered smoking?

National (life) underwriters , say as long as there is nicotine delivery, they’re going to keep the same stance, There is only one major life carrier that doesn’t – Prudential will allow nonsmoker rates for e-cigarette use.

There is still a lot of discussion and research going on in regards to E cigarettes and impact on health isn’t totally clear. However, it’s still an addiction and a cost. For that reason alone it doesn’t make much sense. Regardless of what E cig manufacturers and outlets biased and counter arguments are – there doesn’t seem to many positive benefits.

If you’re in excellent health and haven’t smoked in five years because that reduces your chances of dying sooner. Being just “normally healthy” requires that you haven’t used nicotine in the past three years and still gets you lower premiums. A standard rate requires that you have not used nicotine within the past year.

If you’d like to get a life insurance quote – click the button below and quickly fill out the form below to view policies & rates from the nations top Life Insurance providers or call 612.460.7796 and speak with a life insurance specialist.

Life Insurance Quotes

How are premiums determined?

An insurance company takes many factors into consideration when determining your insurance prices (premiums).  Some factors may seem unfair. For example, drivers with higher education or who are married will generally receive better rates than a driver with a similar driving record. Below are the major factors affecting rates

  • Driving record and accidents. Moving violations, DUIs, and accident claims trigger higher rates.
  • Credit score. Bad credit scores trigger higher rates.
  • Miles driven.  Drive less, pay less.
  • Occupation. Jobs involving driving or heavy commutes may trigger higher rates.
  • Location. Higher crime rates in your neighborhood or a density of population (cities) will cause rates to rise.
  • Age. Drivers under 25 pay more; drivers between 50 and 65 pay less.
  • Gender and marital status. Women have fewer accidents and pay less than men. A married person is considered more stable and will receive a lower rate than a driver with a similar record.
  • Type of car. The more powerful or expensive, the higher premium because high performance cars attract riskier drivers and expensive cars are more costly to repair.
  • If you don’t have your insurance packaged you are likely not getting packaged discounts.  An insurer can spread it’s risk if they have more than one line.

Insurance companies analyze all sorts of data and use many factors to determine risk and what to price for the risk.  They would be out of business if they didn’t tier and rate risks or all drivers would pay more – which wouldn’t be fair to those who are careful drivers or risks or promote safe driving

Some carriers have determined only certain risks are profitable for them and some may have too many in a certain area or pool.  So, it’s wise to work with an independent agent who represents many companies and will know which insurance companies would be best for you, in your area, your specific needs and situation.

Minneapolis Auto Insurance

You want to pay the lowest costs for your Minneapolis auto insurance coverage and also you desire peace of mind that your auto insurance policy is trusted in case anything should happen to your auto? It’s impressive the amount of people are paying for insurance coverage or just what they believe is insurance policy coverage when actually, they could not be properly insured or under guaranteed. It’s most likely they are overpaying for inadequate coverage. We find that the most effective method to really get completely shielded from an accident is to have appropriate insurance policy coverage. It seems like it would be simple to just purchase online and also be okay and it can be less if done. Most often when there are issues at case time it is not from the insurance business trying to obtain from paying â instead the insured did not purchase the right or sufficient protection. It’s not as simple as it would certainly show up. Taking a few actions to make certain the right protection and afterwards the lowest rates is the way to go. Trust me, this is one point you will certainly thank on your own for when you get into a crash and also get your vehicle amounted to. There a number of points you must think about when catching an insurance quote. Noted and also clarified are several of the important things you may like to thoroughly think about and ideally will lead to a wise choice when it involves not only your Minneapolis car insurance policy or any place you live, yet to other cover you make a decision to purchase in the future.

One point you should consistently think about is the reputation of the insurance policy firm or company. You do not want to merely acquire a quote from merely any sort of site offering Minneapolis auto insurance coverage or any type of one agent offering Minneapolis vehicle insurance. How much encounter does your Minneapolis car insurance coverage representative have?

Minneapolis vehicle insurance policy quotes.

Because there are numerous alternatives on exactly how investments could be made, consider exactly how a possible Minneapolis vehicle insurance company is ready to go in terms of repayment flexibility. A car insurance company that has wonderful client satisfaction will certainly offer the very same fulfillment also after a mishap. It is how you are addressed and exactly what you acquire back from your Minneapolis Automobile Insurance – if you must ever before need it – that counts.

This info is for people looking for Minneapolis car insurance coverage – yet, the pointers could be gettinged in any sort of city.

AAA Minneapolis Associates are HALF PRICE – through Labor Day

If you have AAA Minneapolis – associates are half off till labor day…

Also, AAA Minneapolis now offers Bicycle roadside assistance. If a member is out riding and their bike becomes disabled, AAA Minneapolis will provide transportation for the member and their bike*

 

 

AAA MinneapolisCall 612.460.7796 for AAA Minneapolis Membership

Insurance in Minneapolis

The best way to get insurance in Minneapolis – Great Rates for All Drivers and Homes

Minneapolis Insurance

Minneapolis Insurance Specialists represent many companies – not just one. It makes getting affordable rates easier.

Great Auto Insurance and Homeowners in all Minneapolis and Minnesota

Call 612.460.7796 for Insurance in Minneapolis. Auto or Home Insurance for people living in Minneapolis and all of Minnesota. We professionally select rates from some of the best companies licensed in Minnesota including AAA, ASI, Allied, Encompass, Dairyland, Foremost, Integrity, Safeco,Travelers, West Bend and Progressive. We offer the best coverage at the lowest price – not cheap policies for a good price. We know how to get all the discounts and get insured.

We write auto insurance for all drivers. We have companies that offer many discounts that are specially designed to get best bottom prices for the preferred driver. We offer have programs for the driver that is inexperienced or has not had recent insurance or has tickets or accidents or is required to prove insurance to the State with a SR22 certificate. We offer non-owners or named operators insurance for the driver required to carry insurance but does not own a vehicle. We have companies that offer ATV, Boat, Cycle,RV and Classic car Insurance. For Home or Residence Insurance we have companies that will do builders risk, secondary homes and cabins. We guarantee the best Condo, Townhome and Renters Insurance coverage and prices.

Don’t settle for those companies that spend a ton on advertising and only represent one company. Don’t pay high insurance prices for those Super Bowl Commercials. Get choices and options. CALL 612.460.7796 for your Insurance in Minneapolis.

Do I Need a Personal Umbrella Policy?

Most people – whether they need one or not – are unsure what a personal umbrella policy is or what it covers. We will  offer a brief explanation of a personal umbrella policy and how it may benefit and protect you financially.

Umbrella insurance Minneapolis

When you’re outside and there is a light rain or breeze you generally don’t need or want an umbrella. However, if it is pouring heavy rain with severe winds, you definitely take your umbrella or wish you had taken it. An umbrella insurance policy works much the same way.
Personal umbrella insurance provides extra protection or limits above the liability insurance you currently have. Just as an umbrella protects you from heavy rain, an umbrella insurance policy protects you from losing the entirety of your wealth and assets in the event of a claim. Umbrella insurance can provide limits above your personal auto and home policies.

Most insurers will require a minimum of 250/500 or 300 combined single limit or a $500,000 single limit.  The umbrella will be cover above those limits.  Most often if you can purchase from your current insurer an umbrella is very affordable

Here is an example: Jane Doe – Smith falls asleep while driving and hits a van with a family inside. The accident results in $600,000 of medical bills, but Jane Doe – Smith’s auto policy has a $500,000 limit. Fortunately, She also has a $500,000 umbrella policy, and the additional $100,000 would be covered under the umbrella policy
It’s true that a personal umbrella may not be for everyone, but if you’re building financial resources for your future, are a professional, own your home, boat or recreation vehicle, you should consider an umbrella insurance policy. Having assets to lose makes you a target for attorneys and lawsuits – unfortunately.  The added protection of an umbrella insurance policy is coverage no one should go without.

You should review your insurance periodically to ensure there are no gaps and that you are properly protected if something should happen.  It doesn’t make sense to work hard all your life to have it taken away by some unfortunate circumstance.  A solid financial plan should begin with an insurance review.
Umbrella insurance is generally very affordable – probably around $100-300 a year avg.

Please call the Minneapolis Insurance Team and allow us to give you a quote! 612.460.7796