4 Important Covers Your Minneapolis Church Insurance Should Include

Insurance is your back up safety plan for unthinkable, unexpected, untoward incidents in professional and personal life. Your insurance plan is your line of defense in different types of situation. Generally, it is seen that when you file for an insurance claim, you feel that you didn’t get a fair and reasonable compensation which you should have. You feel undone and rue about all those premiums that you paid over the years. Often, we are responsible for our own mistakes which we made while purchasing an insurance cover.

This article is composed with intention to underscore some common mistakes which you can avoid while choosing different types of insurance covers for yourself. This article can help you to take the right decision and avoid any confusion during the claim. Here are some common mistakes that you should refrain from doing in order to get the right value for money on your insurance.

Life Insurance: You purchase life insurance policy so that your dependents can receive the financial support when you are not around anymore. At the same time, you would also need to consider how much amount you want your dependants to have. A rule of thumb says that you should calculate your annual salary and consider ten times your annual salary for your dependents. Do not underinsure and do not delay your decision of buying life insurance policy because tragedy can strike anytime and your dependants might struggle to maintain a decent standard of living in your absence. Do not let your insurance agent what’s suitable for you and what’s not; use your own discretion and choose only that policy which caters to your needs and requirements. It makes sense to buy a complete life insurance policy which will prove cheaper and more effective in the long run.

Home Insurance: Many people buy home Insurance which is a sensible decision as your home can get damaged due to natural catastrophes and human error. Renovation and rebuilding costs are too high to be afforded by a layman. However, your task doesn’t end with buying a home insurance coverage. Do not make the mistake of including land in your estimate as you only get paid to rebuild or renovate the structure. Be extra careful if you are residing in sensitive areas prone to natural disasters and before you decide to buy house in such areas, make sure you have checked insurance requirements for that particular area. Also, inform your insurance agency of any structural changes made in your home so that your claim does not get rejected.

Church Insurance: Church needs insurance covers to defend itself against possible lawsuits and receive a fair and reasonable amount of monetary compensation in case its property and assets are damaged/stolen or destroyed due to unforeseen circumstances. Churches have their own building, vehicles, employees, assets and equipments, which are prone to damage through one way or the other. Since a large number of churches rely on donations, they might find it very difficult to compensate for any type of loss by themselves. Helland agency church insurance has the exceptional knowledge in the church industry and an ability to offer diverse coverages from multiple insurance companies.

Five Tips to Find a Home Insurance Broker

Choose a trustworthy and experienced insurance broker for your home insurance requirement to ensure that you are offered the best available deal in the market.

A qualified insurance broker can support and guide you through the process of insuring your house with sufficient cover. They can negotiate competitive insurance rate as they are independent service providers and not affiliated with any specific insurance company.

Below are the five standard tips to find a best home insurance broker for your property–

1. Use Referrals and References to verify the reputation of a broker – Referrals can be a great way to start the search for an experienced insurance broker. You can ask around to your friends in workplace or different apartment communities to provide the reference for trustworthy brokers, for whom they might have used while buying insurance for their homes.

2. Stay Confident Of Your Requirements – When you decide to meet an insurance broker, organize your property details and coverage requirements. This will help you to explain to the broker easily as to what you are expecting from your home insurance policy. You might not be able to calculate the exact coverage amount but insurance broker will assess your information and advise you suitable coverage and expected insurance premium range.

3. Find Their Specialization– Just like any other profession, you can find an expert in insurance broker also who specializes in a certain type of real estate property that you are interested in. There might be some nuances related to each property type that an expert can help you understand. You can ask the broker his work history to know more about his expertise.

4. Consider Other Qualities Also and Not Only the Price – Cost is an important factor but it is not everything. You might want to look for an insurance broker who is helpful and easily accessible. You might come across a broker who would go an extra mile to keep the process of buying a home insurance as easy and stress-free as possible and make you feel appreciated. You would want an insurance broker who is reachable, keen to help with all required information and make the whole process a lot easier.

5. Able to Advice Options Based on Your Requirements – A better insurance broker will keep you updated with details reacted to your insurance policy and can explain its benefit for your property. You can get precise references aligned with your property type and get you maximum benefit at reasonable insurance cost. It can be a big red flag if insurance broker has guarded nature. You might want someone who is upfront with the pro and cons of a policy.

You can make a well-informed an educated decision with the help of a reputed insurance broker. They have access to more coverage options than an insurance agent as they do not work to sell products of any one company and hence can give an honest opinion based on the requirement.

5 Tips for Home Insurance Discounts

Once you are aware of this, it will certainly ease your premium payments to know when you are paying too much and areas where you can easily get big discounts. Here are some tips to get discounts on your home insurance.

1. Old to New: Insurers are always wary of the ‘old’. Older buildings, old wiring or non-weather proof roofing means that they may not be as effective at holding strong through extreme weather, storms, theft or other accidents. Hence, if you have your house renovated, or get new wiring done for the entire home, you should get a discount of up to ten percent. Stats from the Fire department show a high number of accidents due to old wiring, weak roofing, old fire-places etc.

2. Neighborhood safety: Insurance companies feel comfortable when they know you’re doing everything you can to keep your home safe. A safe home, keeps money in the insurer’s pocket. Thus, they like to encourage their policy holders by providing discounts whenever they take steps to reduce possible claims. Initiating or becoming a part of a home owner’s association can mean that as neighbor’s watch out for each other, the risk of loss through theft is greatly reduced. Additionally, having a home in a gated community also reduces risk. Hence great discounts can be obtained simply by informing your insurer about these facts.

3. Automatic Payments: As simple as it sounds, setting up recurring payment for your premium will also provide you a small discount, with the added benefit of not having to manually pay your insurer every time your premium is due.

4. Multi-policy discount: Many insurers provide discounts up to thirty percent, if you buy all your insurance (Automotive, home, business etc.,) from them. The discounts offered are a sort of reward for being loyal clients. The policies need not be of the same type, however, the insurance company does need to be the same. This discount may not always be possible if you’re buying your insurance from an insurance agent.

5. Discount on being claims-free: As mentioned earlier, insurance companies are delighted by anyone who reduces their risks and by those who have not claimed insurance anywhere from five years or more. Each insurer will have a different time period stated to avail this discount, so ask around, and you’re sure to get a discount of up to twenty percent, when you’re claims-free.
These are just five great ways to save on your premium payments, talk to your Insurer and you’re sure to get more discounts you never knew was possible.