Category: Home Insurance

When you have your own home, it’s always necessary to keep a home insurance policy for it. Your lender will require you to have it, and if you have a homeowner’s association, it will as well. But even if you have neither of these things, it’s smart to have home insurance to protect what is your largest investment. Contact us at Brittany Olson Insurance Agency LLC in Cloquet, MN to get started.

Protection for Your Home

Your home is a major investment, and it can cost an enormous amount to repair if a damaging incident happens to it. When an accident, disaster, or calamity happens to your home and there is damage to it, your home policy will pay for the repairs that are needed to fix it. If the home needs to be rebuilt after it is destroyed, your policy will also pay for this. 

Possessions Protection

Another large investment that you have in your possessions. When your belongings are in your home, they are protected by your home insurance policy. It’s vital to have this coverage so that you have protection after a serious incident happens. A damaging incident that ruins your belongings can be highly expensive, and your home insurance will pay for them to be replaced. It’s hard to go without this coverage because it is so important to keep. 

Liability Protection

When you have home insurance, it pays for the liability that you carry as a homeowner. If a third party came to your house and have an accident there, you could be held responsible for the lost wages and medical bills of the person injured. With this insurance, you can help pay for those expenses. 

Get Your Home Covered

When you are a homeowner, it’s important to protect yourself and what you own. You can do that with home insurance. Call us at Brittany Olson Insurance Agency LLC in Cloquet, MN.

 

Protecting your home in Cloquet, MN, means protecting one of your largest investments. At Brittany Olson Insurance Agency LLC, we want you to understand your home insurance options thoroughly to obtain the coverage you need.

Protecting Your Home

When you purchase a house as your home, you get more choices for your home insurance than if you bought a condo or RV for your home. You can choose one of the three different policies for a house – dwelling, standard, or all-perils. The main difference between those relates to the named perils they cover.

The term peril refers to a natural or man-made hazard that could damage the home or its contents. Dwelling policies cover ten named perils. A standard home policy covers 16 named perils. An all-perils policy does just what it sounds like and covers all possible perils.

You can increase the number of coverages within the liability or personal property coverage amounts up to the maximum allowed by the underwriter. You can also add coverage to any of the types of home policies.

Add-ons and Secondary Insurance

You can add on a jewelry policy or an umbrella policy. You can also include a rider in the policy that increases coverage to include business liability. A jewelry policy provides replacement value coverage for your fine jewelry, such as a diamond engagement ring. The typical home policy automatically includes about $1,000 of coverage for jewelry.

An umbrella policy covers your liability over and above the home policy. The typical home policy covers your liability to between 10 and 20 percent of the home’s value. An umbrella policy lets you increase that coverage by adding a secondary policy to your primary policy, which refers to your home policy. You can add up to $1 million in coverage for just a few dollars per month.

Protect your Cloquet MN  home with insurance from Brittany Olson Insurance Agency LLC. Contact us today to get a policy that protects your home investment.