Insurance Brokers

Why it’s a good idea to use Insurance Brokers

Independent agents
Use Insurance Brokers for better coverage, bigger savings, and best service

One of the benefits of shopping for insurance using an independent agent or insurance broker is they generally represent many companies – not just one.

So, you don’t have to spend a lot of time going online and filling out forms or locating a number. You don’t need to deal with all kinds of agents, insurance companies, quotes, and trying to figure everything out by yourself. Like which is the best deal as far as coverage and price. Leverage an independent agent or broker

Using an “indendent agent” or “insurance broker” (these terms are often used interchangeable and generally mean the same thing.) However, an insurance broker in some areas just finds good quotes and doesn’t offer advice or service after the sale. Where as an independent agent is like a captive agent who represents just one company – independent agents represent many insurance companies. They also offer advice and service after you purchase a policy. An independent agent offers more choices of carriers and options.

A good insurance professional, whatever they are called or how many companies they represent, will most often have a designation like “AAI” Accredited Advisor in Insurance, “CPCU” Charted Property Casualty Underwriter, or “CIC” Certified Insurance Counselor. There are other designations too. The main thing this signals is that you are dealing with an experienced and knowledgeable insurance professional. They don’t cost anymore to use. Why not have the best?

Many times it makes more sense to shop for a good agent verses shopping for quotes.

There are many insurance professionals at The Insurance Specialists Team. They not only have designations and experience, they specialize in areas like auto and home insurance, commercial insurance, health insurance, life insurance, workers’ compensation. So, if you have many needs you can find good agents and quotes all in one place. Call 612.460.7796 speak with a specialist today and save easy and fast with a local insurance professional.

Insurance Brokers
Get Auto and Home Insurance Quotes

Umbrella Policy

What Does Umbrella Insurance Cover?

If you have a serious car accident involving huge medical bills or an incident on your property, you can quickly find yourself responsible for damages that exceed the limits on your auto, boat, motorcycle or homeowners policies. 

An Umbrella Insurance Can Provide:

  • An extra $1 million to $10 million of liability coverage, which can help protect assets such as your car, boat, rental properties and home.
  • Coverage for claims like libel, slander, defamation of character and invasion of privacy. 
  • An Umbrella also helps cover defense costs, attorney fees and other charges associated with lawsuits. 
  • This coverage also extends to international occurrences.

An umbrella policy is a valuable addition to any auto, homeowners or other policy for extended personal liability protection.

In today’s world, anyone can get hit with a lawsuit. That’s why it’s more important than ever to consider an added layer of protection for your assets – and your peace of mind.

An umbrella policy protects you when your liability limits are exhausted.

If you have assets that are not protected you could get sued for more than the limits of your regular auto or home poliies.

If you have assets like multiple rental properties or other assets you could be a prime target for a lawsuit.

The main thing to do is to make sure you’re propery insured with the same limits as you don’t know where a loss could occur- just raising your current limits may be all you need.  Liability insurance is one of the few real bargains in insurance.  

However, if you have assets and need coverage, the Minneapolis Insurance Specialists Team represents many top rated insurance companies like Travelers and can provide advise and quotes.  Most people are surprised umbrella policies are affordable.

 

 


Image courtesy of: Carol (vanhookc)

Photo By Carol (vanhookc)

Travelers

Umbrella Insurance Calculator

What Could Happen If I Don’t Have Rideshare Insurance?

lyft insurance
Image courtesy of: stockcatalog

Driving for Lyft or Uber can be a great way to monetize your commute. One can earn eatra money or have a job with great flexibility.

However, if you drive for a rideshare company you need to check your insurance policy to see if you are covered.

There are gaps in coverage when driving for rideshare companies like Lyft and Uber.

Lyft and Uber also have large deductibles when you are covered.  Lyft has a $2500 deductible and Uber has a $1000 deductible.

This can really sting if you can’t afford to get your vehicle fixed or you’re not covered – especially if driving is all your income or a big portion of it.  No vehicle – no way to earn!

If you need help reviewing your policy or would like to get quotes contact 612.460.7796.

The Insurance Specialists Team represents many companies that offer rideshare insurance.  Often they can get you a policy for less than you’re currently paying. 612.460.7796