Common Life Insurance Misconceptions

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Brittany Olson Insurance Agency LLC serves the Cloquet, MN community, as well as the surrounding areas. We strive to offer high-quality customer service. We are committed to helping our clients find policies that align with their unique needs. We will consult with you and help you assess your options so that you can obtain coverage to protect you well into the future.

Common Life Insurance Misconceptions

Life is full of unexpected moments. Life insurance provides a safety net for your loved ones in the event of your passing. While your loved ones deal with grief regarding your passing, the policy can help them settle your affairs or finalize funeral arrangements. This ensures a smooth transition of your assets once you’ve passed away. While looking over your life insurance policy, avoid these common misconceptions.

I Have No Dependents So Coverage Isn’t Necessary

Obtaining life insurance is beneficial regardless of your relationship status. Even if you’re single, life insurance can help your loved ones settle your affairs if you pass away. The policy also gives you an opportunity to leave a legacy behind. Life insurance can prevent you from leading your loved ones to handle a burden.

My Children Are Adults Now So I Don’t Need Coverage

Even if your children have moved out and are pursuing careers in the Cloquet, MN community, life insurance is still an asset. If you don’t have coverage, settling your affairs may become complicated. The easiest way to ensure that everything goes smoothly is through obtaining coverage.

Brittany Olson Insurance Agency LLC Will Help You Protect Your Assets

Contact us today to learn more information about life insurance.

 

What add-ons are available for home insurance?

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Protecting your home in Cloquet, MN, means protecting one of your largest investments. At Brittany Olson Insurance Agency LLC, we want you to understand your home insurance options thoroughly to obtain the coverage you need.

Protecting Your Home

When you purchase a house as your home, you get more choices for your home insurance than if you bought a condo or RV for your home. You can choose one of the three different policies for a house – dwelling, standard, or all-perils. The main difference between those relates to the named perils they cover.

The term peril refers to a natural or man-made hazard that could damage the home or its contents. Dwelling policies cover ten named perils. A standard home policy covers 16 named perils. An all-perils policy does just what it sounds like and covers all possible perils.

You can increase the number of coverages within the liability or personal property coverage amounts up to the maximum allowed by the underwriter. You can also add coverage to any of the types of home policies.

Add-ons and Secondary Insurance

You can add on a jewelry policy or an umbrella policy. You can also include a rider in the policy that increases coverage to include business liability. A jewelry policy provides replacement value coverage for your fine jewelry, such as a diamond engagement ring. The typical home policy automatically includes about $1,000 of coverage for jewelry.

An umbrella policy covers your liability over and above the home policy. The typical home policy covers your liability to between 10 and 20 percent of the home’s value. An umbrella policy lets you increase that coverage by adding a secondary policy to your primary policy, which refers to your home policy. You can add up to $1 million in coverage for just a few dollars per month.

Protect your Cloquet MN  home with insurance from Brittany Olson Insurance Agency LLC. Contact us today to get a policy that protects your home investment.

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