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Minnesota Homeowners Insurance
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Whether you own a house, condominium or townhouse, for most people their
home is their most important investment. Baecker Insurance Agency offers Minnesota and Wisconsin homeowners insurance policies that have flexibility to meet your individual needs and above all, provide you with the security that comes only from the knowledge that your home is safe. |
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Home Insurance is one of the most popular forms of personal insurance and the
typical Minnesota Homeowners Insurance policy has two main sections:
Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you in case of lawsuits arising
from things that happen on your property) |
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Homeowners insurance is often required by lenders to obtain a mortgage and
nearly everyone, whether you own or lease property, should have the protection of homeowners insurance. |
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Minnesota Homeowners Insurance Policy FAQ
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Click on the link below to fill out a quote request form for a Home
Insurance policy that will provide excellent homeowners insurance coverage at an affordable cost. Or speak with our Minnesota Homeowners Insurance agent specialist toll free at 1-877-730-4678 or locally at (651) 730-6666 to discuss the features. |
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We are your local St. Paul, Minnesota insurance agency, offering affordable Homeowners
Insurance policy premiums in the following Twin Cities area towns and counties: Minneapolis, Bloomington, Roseville, Maplewood, North St. Paul, Oakdale, Woodbury, Cottage Grove, South St. Paul, Inver Grove Heights, Eagan, West St. Paul, Richfield, Burnsville, Edina, Lilydale, Mendota Heights, St. Paul Park, Lake Elmo, Newport, Cedar Grove, Savage, Shakopee, Eden Prairie, Minnetonka, Hopkins, St. Louis Park, Plymouth, Golden Valley, Columbia Heights, New Hope, Crystal, Robbinsdale, Brooklyn Center, Fridley, New Brighton, Maple Grove, St. Anthony, Arfen Hills, Shoreview, Vadnais Heights, Little Canada, White Bear Lake, Mahtomedi, Grant, Bellaire, North Oaks, Gem Lake, Mounds View, Lino Lakes, Blaine, Coon Rapids, Spring Lake Park, Lexington, Afton, Lakeland, Bayport, Stillwater, Apple Valley, Andover, St. Cloud, Mankato, Rochester, Duluth, Anoka, Champlin, Andover, Oak Grove, St. Michael, Hanover, Scandia, Forest Lake, Wyoming, Rosemount, Hastings, Vermillon, Coates, Ramsey County, Hennepin County, Dakota County, Anoka County, and Washington County, MN. We also offer homeowners insurance services in the remainder of Minnesota and throughout Wisconsin. |
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Covered losses under a Minnesota homeowners insurance policy can be paid on either a
replacement cost basis or on an actual cash value basis. When "actual cash value" is used, the policy owner is entitled to the depreciated value of the damaged property. Therefore, the older the item is, the less money you may receive for it. If you choose the "replacement cost" coverage, the homeowner insurance policy will reinburse the amount it costs to replace the property with something of a similar type and quality at current prices. |
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Replacement Cost or Actual Cash Value
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Minnesota Homeowners Insurance Policy FAQ
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An "All Risks" policy provides the broadest Minnesota homeowners insurance protection
because it will cover losses that are due to any peril except those specifically excluded in the policy. A "Named Perils" policy covers losses that are due to only those perils listed in the standard Minnesota Homeowners Insurance policy and typically include fire, hail, windstorm, and other physical losses. |
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All Risks or Named Perils
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Minnesota Homeowners Insurance Policy FAQ
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If your policy limit is less than 80% of the replacement cost of your home, you will face a
"coinsurance penalty," which means you'll have out-of-pocket expenses to cover costs beyond the policy deductible you chose. For example purposes we will assume your home's estimated replacement value (RCV) is $100,000. The co-insurance clause requires you carry at least $80,000 (80% of your RCV). If you chose to purchase only a $40,000 Minnesota Homeowners Insurance policy you would be underinsured by half. Therefore, in the example the insurance company would pay one-half of a loss less the policy deductible, so if you suffered a $10,000 covered loss to your house, condominium or townhouse and had a $500 deductible, your policy would only pay $4,500. |
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Coinsurance Penalty
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Minnesota Homeowners Insurance Policy FAQ
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Personal liability in a Minnesota homeowners insurance policy is also an important part of
having security from accidents that may occur on your property. We suggest you choose coverage limits that are not less than those on other liability insurance you own, such as car insurance. |
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Personal Liability
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Minnesota Homeowners Insurance Policy FAQ
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Click on the link below to fill out a quote request form for a Minnesota Homeowners Insurance
policy that will provide excellent homeowners insurance coverage at an affordable cost. Or speak with our Minnesoata Homeowners Insurance agent specialist toll free at 1-877-730-4678 or locally at (651) 730-6666 to discuss the features. |
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Copyright 2005 - 2008 Baecker Insurance Agency, Inc. - All rights reserved
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Site Built & Maintained by InsuranceWebsiteServices.com
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(also Wisconsin)
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Proudly serving all of Minnesota
and Wisconsin for over a decade! |
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Baecker Insurance Agency, Inc.
373 Pedersen Street, Suite 104
St. Paul, Minnesota 55119
Ramsey County, MN
(651) 730-6666
Toll Free: 1-877-730-4678
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(also Wisconsin)
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(also Wisconsin)
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(also Wisconsin)
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(also Wisconsin)
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**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your insurance needs should be discussed with a licensed insurance agent. |
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Homeowners
Insurance
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Homeowners Insurance Specialists
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