Is home insurance a good investment for Rochester property owners?

Those that live in the Rochester, MN area will have a lot of options when it comes to housing. One great housing option to consider is to buy a home as it will provide you with plenty of long-term benefits including price appreciation and a stable place to live. If you do decide to invest in a property here, you need to carefully consider your insurance needs. Home insurance can be a great investment for Rochester property owners due to several factors.

Coverage Protects Assets

The main reason your home insurance will be a good investment for you is that it will cover and protect your assets. A home insurance policy will give coverage to repair or even replace your entire home as well as your personal belongings. If you have personal items that are valuable and exceed the policy limit, you can also invest in a side rider policy that will give specific coverage based on that asset’s value. 

Liability Protection

Property owners should never underestimate their personal liability risk. If your home somehow causes damage to another property or a guest is injured while on your premises, you could be considered at fault and would have to pay damages. Fortunately, you are able to offset this risk if you get home insurance as it will include a liability insurance component. 

Those that want to get home insurance in the Rochester, MN area should call the Safechoice Insurance Agency. If you do call the Safechoice Insurance Agency, you can learn a lot more about how great of an investment the home insurance policy will be. The team here will then help you choose a policy that is ideal based on your individual needs. This will help to protect your valuable asset and investment. 

Common Myths About Auto Insurance

Every responsible driver and car owner understands how important car insurance is. It protects a driver, vehicle, passengers, and other parties on the road. Unfortunately, there is a lot of unverified information and misconceptions about auto insurance that may not let you make the right decision and get the auto insurance policy you really need. For this reason, Safechoice Insurance Agency serving Rochester, MN decided to debunk some common myths about car insurance:

You Auto Insurance Premium Is Determined By The Color Of Your Car

The truth is that the color of your car does not affect the cost of your insurance. There are other factors that may have an impact on auto insurance premiums, including the model of the vehicle, its engine size, age, the cost to repair it, and some others.

Older People Have to Pay More For Auto Insurance

It is another common myth that has nothing to do with truth. Actually, older drivers are often qualified for special discounts. For example, if a driver at the age of 55 and older successfully completes an accident prevention course, he or she may get a discount on their auto insurance premium. 

The Credit Score Does Not Affect The Cost of Insurance

Unfortunately, it does. Most insurance companies evaluate your credit score in order to understand how likely you will have an insurance loss and file a claim. Therefore, the lower your credit score is, the more likely you will have to pay more for your auto insurance. 

If you are a car owner from Rochester, MN or any other surrounding area and you are looking for a proper car insurance policy for your vehicle, Safechoice Insurance Agency will be glad to assist you and help you find the coverage according to your insurance needs and budget. Give us a call today and get your insurance tomorrow. 

What are the benefits of a Rochester motorcycle insurance policy?

Anyone that lives in the Rochester, MN area is going to need to have a mode of transportation in order to get around the city. One form of transportation that can be fun to drive and be very efficient is a motorcycle. When you get a motorcycle here, you also need to carefully consider your insurance needs. Getting a full motorcycle insurance policy could provide someone with a range of benefits. 

Provides Coverage for Asset

One of the reasons that you should get a motorcycle insurance policy is that it can give you coverage for your asset. Buying a motorcycle is a big purchase and investment that you should protect as well as you can. One of the best ways that you can do this is by getting motorcycle insurance. When you get this type of insurance with collision and comprehensive coverage, you can be protected from almost any situation that could result in a loss. 

Gives Liability Protection

Another reason that you should get a motorcycle insurance policy is that it can give you valuable liability protection. If you cause an accident that results in damages, you will be responsible for covering them. If you get a full motorcycle insurance policy, it will include liability protection. This could prove to be extremely valuable if you are at fault in an accident. 

When you are looking for insurance for your motorcycle in the Rochester, MN area, you should call Safechoice Insurance Agency. Having motorcycle insurance is very important and picking the right policy can be confusing. For those that have questions or want guidance, Safechoice Insurance Agency is a great resource. The team here is able to carefully assess your situation to make sure that you are fully covered at all times with an appropriate policy. 

Beginner’s Guide to RV Insurance

RV insurance provides protection for your recreational vehicle. This can include everything from travel trailers, small campers, fifth-wheel trailers, and truck campers. RV insurance acts much like your auto insurance policy. However, RV insurance also offers many protections found in a home owner’s policy. Here are some important points you should know before purchasing your first RV insurance in the Rochester, MN area. 

Is RV Insurance Required? 

Minnesota law states if you drive an RV vehicle, on the road, then you are required to have RV insurance. While there are no insurance requirements for towing an RV in the state of Minnesota, it is highly recommended that you get coverage. This can protect your RV in case of an accident. 

What is Covered in RV Insurance? 

RV insurance covers your vehicle much like auto insurance. However, RV insurance goes a step further by also covering the living spaces inside the RV as well as the personal belongings inside the RV. If you would like to cover the attachments to your RV, such as antennas and awnings, then you will want to get Attachment Coverage with your RV insurance policy. Other additional coverage includes Pet InJurt coverage in case your pet is injured during an accident. 

Full-Time and Part-Time RV Coverage 

There are two general types of RV insurance coverage. if you are planning to live in your RV full time, then you will want to get full-time RV coverage. if you are only planning to use your RV part of the time, then you will want to get part-time RV coverage. Safechoice Insurance Agency is able to provide both full-time and part-time RV coverage policies.

Getting RV Insurance in Rochester MN

If you are looking for RV insurance coverage in the Rochester, MN area, then you will want to consider Safechoice Insurance Agency. They have a full range of RV insurance coverage for both full-time and part-time RV users. 

Why Minnesota Residents Should Consider The Benefits Of Toy Insurance

Based in Rochester, MN, Safechoice Insurance Agency offers residents multiple types of insurance policies. We are committed to providing our clients with first-class service while we help them find the insurance coverage that they need. As an independent insurance agency, we are able to provide our clients with an assortment of options to help them make informed choices.

Toy Insurance

If you have valuable items besides your home and vehicle, toy insurance can be a major asset. Perhaps you own an ATV or a snowmobile that you like to use during those cold Rochester MN winters. Toy insurance allows you to protect these valuable items. The policy covers you in the event that your valuable items are damaged or stolen. The policy also protects you in the event that your items are damaged in a natural disaster such as a fire.  The policy covers different types of land vehicles such as RVs, trailers, and motorcycles. You can also cover any watercraft vehicles that you own, including sailboats. If you use any of these valuable items on a regular basis, then you should consider the benefits of toy insurance.

Toy insurance allows you to protect your investment. The policy also covers your items in the event of a mechanical breakdown. You will be able to receive emergency roadside assistance so that you will not be stuck or stranded. You’ll also be covered in the event that you are involved in an accident in which you may be held liable. You can amend your policy to include liability protection in the event that someone is injured while they are riding on your vehicle.

Consult With Safechoice Insurance Agency

For more information about how we can help you protect your valuable toys, visit our website today!

The Basics of ATV insurance

According to the American National Standards Institute, an all-terrain vehicle (ATV) is a single operating vehicle that possesses handlebars for steering, operator straddles and utilizes tires of low-pressure. ATVs operate similarly to motorcycles, but these vehicles have more than two wheels and are slower than motorcycles. These vehicles come in either three wheels which are called three-wheelers or four wheels which are typically called four-wheelers, quads, or ATVs. 

ATVs are usually used for recreation driving over uneven and rough terrain. Families and friends will typically spend hours together driving through more challenging areas and exploring new places. Others use these vehicles for camping and hunting for easier transporting of supplies in the woods and difficult areas that are hard for regular vehicles to drive on. Other practical uses for ATV include snowplowing, material hauling, and so forth.

Since ATVs are vehicles, each state has its own requirements concerning these vehicles. And when it comes to insurance, the state of Minnesota requires you to have ATV liability insurance just like many states do.  

ATV insurance in general covers the following: 

  • Liabilities from an accident or damage to another person’s property

  • Any replacements or repairs to your vehicle

  • Your vehicle needing repairs due to vandalism or theft of your vehicle

However, ATV Liability insurance offers protection from legal liability of ATV ownership or operation. It covers the third party’s injury, including death, and/or property damaged you caused.

When it comes to ATV insurance, do not get caught without it or risk getting in an accident without it. Contact Safechoice Insurance Agency today. Located in Rochester, MN, Safechoice Insurance Agency has licensed and experienced insurance agents who have been serving the Rochester MN and surrounding areas for several years. They can do the same for you- contact them today!

When to update your life insurance

Life insurance is something few people know much about but everyone needs to consider buying. It offers valuable savings options as well as providing protection for those who depend on you. Life insurance goes up in price depending on your age and health, it is something best purchase as soon as possible. Your need for life insurance will change over your lifetime and at times you will want to update your life insurance. Having an insurance agent you trust makes that easy. Safechoice Insurance Agency in Rochester, MN has been in business for 16 years and aims to provide first-class service and the best possible prices. 

Assuming you have purchased your life insurance right after college or when you get your first job, update your insurance when you purchase a home. You want to increase the amount of insurance you have so you won’t leave your family with the debt of your mortgage. 

Marriage is a good time to take a look at your life insurance. It is time to change your beneficiary so your spouse is the recipient and to adjust the amount of insurance you have. If your spouse is employed you may not need to increase the amount have. 

Children are the future and you want to make sure yours have guaranteed security in the event you should pass away while they are still young. You may want to save for their college and even to take out a small policy on them. 

When your children move on with their own life and if you retire, you should examine your life insurance needs as you enter this new phase in your life. 

Life insurance needs do not remain the same throughout your life. The knowledgeable agents at Safechoice Insurance Agency in Rochester, MN are here to help you to have the coverage you need through all the times of your life. Call our office or stop by to get a no-obligation quote. 

What kinds of work vehicles are covered by commercial auto insurance?

Rochester, MN is big enough to give you all the big city benefits without feeling overwhelming, especially with its university, parks, and great music scene. This makes it a great place to own a small business, and at Safechoice Insurance Agency, we want to help you protect your investment.

One of the most important things you can do for your small business is to make sure you have the right insurance. It can be confusing when it comes to making choices about the best way to make sure you are covered if there is ever an accident or other event that causes damage to your property, employees, or customers. Commercial auto insurance can seem really tricky, especially if you have vehicles that you use for both personal and business reasons.

When it comes right down to it, you can insure pretty much any kind of motor vehicle that you use for your business. That includes:

  • passenger cars that you may use to transport people or run errands;
  • trucks or vans that you may use to deliver flowers, food, furniture, or other kinds of goods;
  • farm vehicles, such as pick-up trucks or livestock trucks;
  • dump trucks used for construction and other similar jobs;
  • snow plow vehicles;
  • and work vans used to transport crews and equipment.

It is important to remember that an insurance policy for a personal vehicle will not provide coverage in an accident if the vehicle is used mainly for business or if the vehicle is owned by the business. Even if your personal policy covers the accident, it may not be enough coverage for a business-related accident. If your small business is in Rochester, MN, call Safechoice Insurance Agency today so we can help you make sure you have the protection you need.

Do I need home insurance in Minnesota?

When you live in the Rochester MN area, you likely know that there are many local factors that can make it a great place to own and purchase a home. While there is a lot of great opportunities provided to property owners here, there are also some risks. One way that you can mitigate these risks is by getting a quality home insurance policy. In fact, there are several reasons why someone may need to have home insurance in Minnesota.

When Financing Purchase with a Mortgage

While it is always a good idea to carry insurance, one situation when having home insurance will be an actual requirement that comes when you finance the purchase of your home with a mortgage. Most people that buy properties today need to take out mortgages to do so. As long as you have your mortgage outstanding, the lender will continue to require you to carry an insurance policy. This is often administered with an escrow account where you pay into it monthly.

When Living in an Association

You could also be required to carry home insurance if you live in an association. Those that own condos, townhomes, and other types of properties that are located within an association are often required to carry home insurance. This is often a basic rule as it ensures the rest of the association that you have the capacity to repair or rebuild your home and that you are covered by liability protection. 

As you are searching for a new home insurance policy in the Rochester, MN area, you should also speak with the team at the Safechoice Insurance Agency. When you reach out to the Safechoice Insurance Agency, you are going to learn a lot more about how insurance can protect you and your property. 

What Are Minnesota’s Auto Insurance Minimums?

Many Rochester, MN drivers who buy the legal minimum of insurance don’t put much thought into it. You simply go to Safechoice Insurance Agency, ask them for liability, and assume that they can work it out from there. But what does that liability protection actually cover? Let’s break it down simply:

  • $30,000 in bodily injury per person per accident
  • $60,000 in bodily injury total per accident
  • $40,000 in PIP, Personal Injury Protection
  • $25,000 in uninsured motorist coverage per person per accident
  • $50,000 in uninsured motorist coverage total per accident
  • $25,000 in underinsured motorist coverage per person per accident
  • $50,000 in underinsured motorist coverage total per accident

Roughly half of all US states require uninsured and underinsured motorist coverage. It’s sort of ironic that the law states that those of us who buy insurance have to cover for those of us who do not, but so it goes.

The legal minimum is a good starting point, but it’s not really the best idea to settle for that. You would rather not settle for minimum wage, minimum portions, minimum effort, so why settle for the minimum mandatory insurance? The least amount of insurance legally possible will help you to keep from being bankrupted in the event of an accident that was your fault, but you will at least need comprehensive and collision if you want to protect your car, and you may want to consider gap insurance and replacement cost coverage if you’re still paying a new vehicle off.

If you’re still shopping around for auto insurance in Rochester, MN, get in touch with Safechoice Insurance Agency. Call us up or visit the Safechoice Insurance Agency website and we’ll connect you with the coverage you need.