Home Insurance

Depending on where you live – a house, apartment or condominium – the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings.

Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.

Homeowners policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.

Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part, so it is important to keep up on maintenance and take pride in the ownership of your home.

Minnesota Lakes Insurance is here to help you find the right insurance for your home. Whether you’re a home or condo owner, a renter or a landlord, We will work with you to find a home insurance policy that fits your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price.

The amount you pay for your homeowners insurance depends on many factors. Think of your personal housing situation and the assets you want to protect.

What is the replacement cost of your home and any detached structures? What is the replacement cost of the personal property you wish to insure? How much personal liability coverage do you wish to have? These, and several other factors, go into determining the cost of your home insurance.

Property or dwelling coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.

Personal liability coverage applies if someone is injured, or their property is damaged, and you are to blame. The coverage generally applies anywhere in the world. When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.

This covers medical expenses for guests if they are injured on your property. In certain cases, it may also cover people who are injured off of your property. It does not cover health care costs for you or other members of your household.

If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses—commonly for up to 24 months—while damage is assessed and your home is repaired or rebuilt.

Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal property insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.

Make an inventory of your home and personal belongings. If possible, in addition to a list of items, also take photos or video. Using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. We encourage storing your photos and video on a cloud to prevent any chance of them being destroyed in the event of a loss.

If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk with us about this additional coverage. It provides broader coverage for specific items. To properly schedule these items on a homeowners policy, we do need to have current appraisals of the items you wish to schedule.

We offer landlord protection policies structured to fit your needs when you have tenants renting a home, or multiple homes, that you own. Landlords have the option to buy liability coverage for the risks posed by tenant-occupied dwellings. It is also important to have your tenant carry a renters policy to insure their personal property and liability is covered. Minnesota Lakes Insurance can help you and your renters secure the coverage needed.