If you live in the Woodbury, MN area and are a licensed driver, make sure you have car insurance. Kriener Insurance can provide the coverage you need to make sure you are in compliance with the law.
Why Auto Insurance?
There are only two states in the country that do not require drivers to be insured. If you live in Virginia or New Hampshire, car insurance is not required. But residents in the other 48 states are by law required to have it.
If you are at fault in a car accident, you will be held responsible for any resulting expenses. These expenses could be legal fees, the injured party’s medical costs, or lost income if they are unable to work. If you are driving without car insurance, the financial consequences can be disastrous.
Uninsured motorist coverage is also required in many states. This pays for medical expenses for you and any passengers you have if you are hit by a driver that does not have enough car insurance or none at all. This does not cover other drivers.
States that have a no-fault car insurance system in place require drivers to have PIP (personal injury protection). This pays your medical bills no matter who is at fault.
There are three types of automobile coverage:
- Liability coverage protects you if you are at fault in an accident. It pays for another individual’s costs to repair their vehicle and their medical expenses resulting from the accident. Most states have legal minimum requirements regarding how much liability coverage is needed. It is wise to purchase more than is needed to lower your chance of out-of-pocket costs later.
- Collision coverage protects you if you hit another car or non-moving object. It will help cover the costs of repairing your car regardless of fault.
- Comprehensive coverage protects your vehicle from vandalism, theft, fire, weather events, etc. This coverage is usually sold along with collision coverage.
Contact Us Today
If you live in or near the Woodbury, MN area, contact Kriener Insurance for a quote or an answer to any questions you may have. You will be glad you did.
Kriener Insurance is the commercial insurance partner business owners in the Woodbury, MN area can rely on. If it’s been a while since you have taken a close look at your company’s commercial policy, now is a great time to do so. Contact our team with any questions that you may have!
Signs it may be time to upgrade your commercial policy
If you have been in business for a while, your company has likely gone through a number of changes over the years. These changes can have an effect on your bottom line as well as your insurance needs. These signs below are just a few of the many indicators that it’s time to upgrade your firm’s commercial policy. Now is a great time to fully review your insurance needs!
- You have made a large purchase, such as heavy equipment or machinery. Equipment replacement costs can add up quickly! Be sure your policy provides an adequate level of coverage.
- The company is now carrying a larger amount of inventory. If you have more inventory on hand, you also have a higher level of exposure that needs to be protected.
- The firm’s liability needs have increased due to higher revenues and a larger number of employees. As a firm grows, its need for liability protection often increases as well. If your needs exceed your current policy, an umbrella insurance policy is often an effective solution.
We look forward to working with you!
Business owners in the Woodbury, MN area can turn to the team at Kriener Insurance for all of their commercial insurance needs. If it’s time to upgrade your commercial policy, we are here to help. Give our office a call today and schedule a consultation.
Home insurance is a must for anyone who owns the property. If you’re like most people, you probably don’t give your home insurance policy much thought until you need to use it. That’s why it’s important to review your policy regularly and ensure you’re getting the coverage you need. Consult with Kriener Insurance in Woodbury, MN for expert insurance advice.
Here are five questions to ask your home insurance agent at your next policy review:
1. What Coverages Does My Policy Include?
The first step in ensuring you have adequate coverage is understanding what coverages are included in your policy. Your home insurance agent should be able to go over each coverage with you in detail so that you understand what’s covered and what’s not. If there’s something you’re not clear on, don’t be afraid to ask for clarification.
2. Do I Need Any Additional Coverages?
Once you know what coverages are included in your policy, your agent can help you determine if you need any additional coverage. For example, if you have a high-value item like jewelry or art, you may want to purchase a rider to make sure it’s properly protected.
3. What Discounts Am I Eligible For?
There are several discounts available that could help lower your premium, so be sure to ask about any that apply to you. Some common discounts include bundling your home and auto insurance policies and installing security features like smoke detectors and burglar alarms.
4. How Much Coverage Do I Need?
Once you know what type of events your policy should cover, you need to make sure it covers enough. Start by getting a home inventory to get an idea of the value of your belongings. Then, talk to your agent about how much it would cost to repair or replace your home if it was damaged or destroyed by a covered event.
5. What Would Happen If I Needed to File a Claim?
No one likes thinking about having to file an insurance claim, but it’s important to know how the claims process works in case something does happen. Ask your agent about the steps involved in filing a claim and what documentation you’ll need to provide. Knowing what to expect ahead of time can help make the process as smooth as possible if something does happen.
Get Home Insurance Today
If you’re a homeowner, it’s important to review your home insurance policy regularly to ensure you have the coverage you need. Asking your home insurance agent the right questions can help ensure that you’re getting the best possible rate. Kriener Insurance in Woodbury, MN can help you review your home insurance policy and ensure you’re getting the coverage you need. Contact us today to get started.
As a renter, you may not think that you need insurance. After all, your landlord’s insurance should cover any damage to the property, right? Wrong. Renters insurance is a vital form of protection for anyone who is currently renting. Consult with us at Kriener Insurance in Woodbury, MN to learn more about your options.
Here are five things you need to know about this form of insurance:
1. It’s Not as Expensive as You Might Think
One of the biggest myths about renters insurance is that it’s expensive. The truth is, it’s actually quite affordable, and when compared to the cost of replacing your belongings, it’s a bargain.
2. It Covers More Than Just Your Belongings
While most people think of renters insurance as protection for their belongings, it does much more than that. Renters insurance also provides liability coverage if someone is injured while on your property. This is important because it can help protect you from being sued.
3. It’s Not Just for Those Who Own Valuables
Another common misconception about renters insurance is that it’s only for those who own expensive items. This simply isn’t true. Even if you don’t have any expensive belongings, it’s still a good idea to have this type of insurance.
4. You May Need Extra Coverage for High-Value Items
If you own any expensive items, such as jewelry, you may need to purchase additional coverage to be fully protected. Most renters insurance policies limit the amount they will pay for certain items, so it’s important to check with your agent to ensure all of your belongings are covered.
5. It’s Worth the Peace of Mind
At the end of the day, renters insurance is worth it for the peace of mind it provides. Knowing that your belongings are protected can give you a sense of security and help you sleep better at night.
Give Us A Call
Now that you know more about renters insurance, it’s time to get protected. Contact us at Kriener Insurance in Woodbury, MN for all your insurance needs. We’ll work with you to find the right policy for your situation and help you get the coverage you need at a price you can afford. Give us a call today to get started.
When you have home and auto insurance policies, you have some protection, but you might not have as much as you thought. Many home and auto policies are lacking in one key area of coverage, and that can leave people vulnerable to lawsuits and overages when the coverage isn’t enough. Getting umbrella insurance is a great way to get more coverage without a major cost increase.
If you are interested in umbrella insurance, give us a call today at Kriener Insurance in Woodbury, MN.
Get More Liability Coverage
Your home and auto policies each have some coverage for liability, which pays for medical bills and certain other expenses when an accident happens. This is an accident in your home with home insurance and an auto accident that you cause for your auto insurance. The problem is that these policies often come with very little liability coverage when you consider the high cost of medical bills, lost wages, etc.
Umbrella insurance is a way to add more liability coverage to both of these policies at the same time. And, it costs much less to get umbrella insurance than it does to add more liability coverage onto your home and auto policies.
How It Works After an Accident
When there is an accident that you caused with a vehicle or that happens to a third party in your home, your auto or home insurance weighs in first. It pays what it can toward the medical bills and other costs until it reaches its maximum. After this, when there is an overage left to pay, your umbrella insurance comes in to pay that overage. This can save you thousands on medical bills after your home or auto coverage has maxed out.
Get Your Umbrella Policy
To get started with an umbrella insurance policy, call us at Kriener Insurance in Woodbury, MN.
Choosing the right life insurance coverage is integral to protecting your family and their future. If you should pass away, you want to be sure you have a policy that will give them what they need. That could mean updating your policy or changing it from time to time, but the main area of focus is understanding how to choose the right policy. If you’re in the Woodbury, MN area, Kriener Insurance can help.
When you start looking for a policy, there are two things to consider. The first is what you want to leave to your family and how much help and support they may need if you’re not around. The second is whether you want a term life or whole life policy because they can vary in what they provide and the level of coverage that may be easily obtained. The more you know about the differences, the easier your choice will be. Working with a trusted insurance agent is the best way to make that choice.
Asking questions about the right insurance for your needs is important. Agents who typically work with life insurance can answer those questions for you. That allows you to make an informed choice, which means more security for your family, and fewer worries about how they would keep important assets if you were to pass away. While not everyone has a life policy, it’s a convenient way to leave something behind for the people you care about.
Contact us today at Kriener Insurance if you’re in the Woodbury, MN area and need a good life insurance policy. Our knowledgeable agents can help you find the right coverage for your needs. That can help you protect your family and increase your peace of mind.
Every motorist understands that a car insurance policy protects their vehicle when accidents happen. However, most don’t understand that car insurance has exclusions. We understand because what is covered is usually in bold, but exclusions are found in fine print and often in jargon difficult for a layperson to understand.
If you don’t understand your policy document, consult with Kriener Insurance in Woodbury, MN. In most cases, your car insurance may not cover the below:
If your laptop is lost or damaged while inside your car, it will be wrong to assume that your car insurance will cover the loss. You have to claim using your home or renters insurance for lost or damaged personal items.
You started a small business, and suddenly, your client base is expanding. You use your car to run business operations since you don’t have the capital to buy a business vehicle. While there is nothing wrong with this, all you need to do is upgrade your personal auto insurance to commercial. Otherwise, you will be walking a tightrope if you are still using personal auto insurance to run business errands.
Normal wear and tear
Like most things, your car will wear down over the years due to use. When your paint starts chipping away, or your suspension starts caving in, don’t expect your insurer to cover the damage. Your insurer expects you to take proper care of your car to derail wear and tear.
Accidents outside the geographical area of operation
Most car insurance policies will cover you within the borders of America. If you travel abroad, always purchase an add-on because your standard auto insurance won’t cover damage and injuries outside American borders.
Want to learn more about car insurance? Please get in touch with Kriener Insurance for more information. We will also help you get an affordable car insurance policy.
Business owners in Minnesota have certain requirements when it comes to commercial insurance. It doesn’t matter whether you are a small business owner or a large business owner; when it comes to commercial insurance you are all businesses. At Kriener Insurance in Woodbury, MN, we know just how risky it is to own a business and how many businesses fail. We work with our customers to make sure they have the right commercial insurance so that they can survive no matter what hazard hits them.
Commercial Insurance Requirements
In Minnesota, the only mandated commercial insurance is workers’ compensation. If your business has any employees, they need to be covered by workers comp either through an insurance policy or through self-insurance. This protects your employees but it also protects you from being sued by an injured employee.
Businesses are required just as any vehicle owner is in the state of Minnesota to have the mandated amount of auto insurance.
There are other types of commercial insurance that are not required but are a very good idea for any business to have. Commercial liability and property insurance are both very helpful in the event your business runs into any covered issues.
Commercial property insurance will protect the business building if you own it but it also protects the content of the building, which may include things like machinery, office equipment, electronics, raw materials, tools, inventory, and display units. Basically, the things you use to run your business.
Commercial liability insurance will help protect your business from the results of legal action against you. You may not want to think about it, but up to 35% of businesses get sued in any given year, which means the risk to you is real.
Contact Kriener Insurance in Woodbury, MN when you have questions or are in the market for new commercial insurance.
Most people have no idea how much home insurance they need. Many people don’t even know what it is. Home insurance is a type of insurance that covers damage to your house and its contents in a disaster, such as fire or theft. It’s essential to have the proper insurance in place if anything happens to your home.
The first thing you need to know about home insurance is that it’s not one-size-fits-all. It would be best if you got a plan that matches your needs. How much insurance do you need? It depends on the value of the home and its contents. The cost of rebuilding your home, plus the price of replacing personal property like furniture, clothing, and appliances, should be factored into the equation.
Homeowners’ policies offer three different types of insurance: Actual Cash Value (ACV), Replacement Cost Coverage (RCC), and Extended Replacement Cost Coverage (ERCC).
Actual Cash Value (ACV)
This type of insurance is the cheapest, but it covers only what your home and possessions are currently worth. With this coverage, your insurer subtracts depreciation from the replacement cost to arrive at a dollar amount for reimbursement.
Replacement Cost Coverage (RCC)
This type of policy insures your home and possessions for their replacement value. Replacement cost coverage doesn’t consider depreciation, so it costs more than ACV insurance.
Extended Replacement Cost Coverage (ERCC)
This is the most expensive policy, but it offers the best protection. An ERCC policy will pay to replace your home and possessions even if it costs more than the original value.
Understanding How Much Home Insurance You Need
Insurance comes down to two basic numbers: the replacement value of your home and its contents and the deductible. Your insurance agent can help you determine how much insurance you need to keep your home, possessions, family, and future intact.
Home insurance is something that every homeowner should have. Kriener Insurance offers an array of home insurance options in Woodbury, MN. Call us today for a free quote.
Whether you are getting your first place of your own, or you are downsizing and need to rent for a little while, you want to ensure that you consider renters insurance in the midst of everything else you need to do. Some view renters insurance as unnecessary, but if there is an unexpected disaster that crops up, this type of insurance can save you from financial hardship. Kriener Insurance, serving Woodbury, MN, wants to share a few things you need to know about renters insurance.
How It Works
Renters insurance offers a bit of a safety net for you when you are living in a property you must pay monthly rent on. Renters insurance covers primarily structural damage, but it may also pay out for the damage or theft of some of your personal belongings.
What It Covers
Basically, a renters’ insurance policy will offer coverage to repair/replace your belongings if they are damaged by a covered peril or stolen. As a general rule, renters insurance will pay to put you up in a temporary home in the event that a covered peril leaves your home inhabitable. This coverage also covers medical and legal expenses if an individual injures themselves on your property.
Is It Required?
More often than not, renters insurance is not mandatory. However, a landlord has the right to require renter’s insurance from their tenants. Even if it is not required, you may want to consider purchasing a renters’ insurance policy. Your personal possessions, from clothes and furniture to appliances and electronics, hold a lot more value than you think.
If you are renting and would like to obtain your own renters’ insurance policy or learn more about how you can benefit from this type of coverage in Woodbury, MN, contact Kriener Insurance.