Home, Auto, Life, Health

Home Owner’s

Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself, other structures, and your personal property.

Homeowners insurance covers both damage to your personal property and your liability, or legal responsibility, for any injuries and property damage you or members of your family cause to other people.

Most disasters are covered but there are exceptions (i.e. floods, earthquakes, and poor maintenance). For perils such as these, you must buy separate policies for the specific coverage. Another area to watch out for is backup sewer coverage.  Most policies don’t come with this type of coverage, however it can easily be added to any new, or existing policy.


In the state of Minnesota, it is required that all drivers on the road have auto insurance. Auto insurance protects you against financial loss if you are involved in an accident, or if some other disaster causes damage to your vehicle. It is a contract between you and the insurance company. You agree to pay a premium, and the insurance company agrees to pay your losses as described in your policy. Auto insurance provides property, liability and medical coverage:

  • Property coverage pays for damage to or theft of your car.
  • Liability coverage pays for your legal responsibility to others for bodily injury or property damage. (Required by law in most states.)
  • Medical coverage pays for the cost of injuries, rehabilitation and sometimes lost wages and other expenses such as funeral.

An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of the coverages offered. Banks may require you to purchase a certain amount of coverage as they want to protect their investment.