3 Reasons to Shop Your Home Insurance

1) Minnesota Home Insurance policies change coverage almost every year.  Insurance Companies are not adding coverage. They are either limiting coverage or taking it away.  This potentially leaves you with a significant gap in coverage. If you are not made aware of these changes in coverage, it could cost you thousands of dollars. Typically when the insurance company changes coverage, you are often able to buy this coverage back with an endorsement. Your Minnesota Insurance company may not automatically include this endorsement, which could leave you with inadequate coverage.  

2) Your deductible may have increased or there could have been an additional wind/hail deductible added. Minnesota Home Insurance Companies do not adequately notify you when they make these changes, so you have to review your Policy Declaration page to verify it. How does a separate wind/hail deductible work?  Your home insurance policy will have what’s called an “All Perils” deductible.  This means that whatever loss that you have, you will pay your All Perils deductible before the insurance company pays for the remainder of the loss.  The Wind/Hail deductible is a specific deductible for a wind or hail loss.  This deductible is set higher than the All Perils deductible.  Usually the wind/hail deductible is $2000 or more. The higher deductibles are when the insurance company uses a percentage of your Dwelling Coverage limit. If your dwelling coverage is $350,000, and your wind/hail deductible is 1%, than your deductible for a hail loss is $3500. If your damage to your roof is $5000, you pay $3500 and the insurance company pays $1500. Not such a good deal for you as the insured.   

3) The Price of Your Home Insurance Policy may have increased over the years so much that you are paying way too much for the current insurance market.  Most Minnesota Home Insurance carriers have taken minimal increases (3% to 4%) over the course of the last few years.  However, due to all the rating factors that there are now.  Home Insurance increases can be much larger over a 3 to 5 year period.  You may have started off with good rating 3 to 5 years ago and now you just may be paying way more than you need to. 

If you would like a review of your Minnesota Home Insurance Policy you can contact us by phone, text, here on this website using the contact form below.

1) Minnesota Home Insurance policies change coverage almost every year.  Insurance Companies are not adding coverage. They are either limiting coverage or taking it away.  This potentially leaves you with a significant gap in coverage. If you are not made aware of these changes in coverage, it could cost you thousands of dollars. Typically when the insurance company changes coverage, you are often able to buy this coverage back with an endorsement. Your Minnesota Insurance company may not automatically include this endorsement, which could leave you with inadequate coverage.  

2) Your deductible may have increased or there could have been an additional wind/hail deductible added. Minnesota Home Insurance Companies do not adequately notify you when they make these changes, so you have to review your Policy Declaration page to verify it. How does a separate wind/hail deductible work?  Your home insurance policy will have what’s called an “All Perils” deductible.  This means that whatever loss that you have, you will pay your All Perils deductible before the insurance company pays for the remainder of the loss.  The Wind/Hail deductible is a specific deductible for a wind or hail loss.  This deductible is set higher than the All Perils deductible.  Usually the wind/hail deductible is $2000 or more. The higher deductibles are when the insurance company uses a percentage of your Dwelling Coverage limit. If your dwelling coverage is $350,000, and your wind/hail deductible is 1%, than your deductible for a hail loss is $3500. If your damage to your roof is $5000, you pay $3500 and the insurance company pays $1500. Not such a good deal for you as the insured.   

3) The Price of Your Home Insurance Policy may have increased over the years so much that you are paying way too much for the current insurance market.  Most Minnesota Home Insurance carriers have taken minimal increases (3% to 4%) over the course of the last few years.  However, due to all the rating factors that there are now.  Home Insurance increases can be much larger over a 3 to 5 year period.  You may have started off with good rating 3 to 5 years ago and now you just may be paying way more than you need to. 

If you would like a review of your Minnesota Home Insurance Policy you can contact us by phone, text, here on this website on the contact form below.

Please complete the form below for a quote.

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Are you ready to save time, aggravation, and money? The team at Ameriguard Insurance Agency is here and ready to make the process as painless as possible. We look forward to meeting you!

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