Category: Home Insurance

If you are a homeowner, you have likely had the experience of purchasing homeowners insurance, but not always being clear on all the details. Some terminology may be vague or unfamiliar and may leave you feeling uncertain of what is in your policy.

At Kriener Insurance of Woodbury, MN, we take the time to listen to our customer’s needs and explain the different policy options available to them. 

Understanding Homeowners Insurance

There are many different terms used in homeowner’s insurance, but there are some common ones. Some key terms you may have heard when discussing homeowners insurance are:

• Liability – If someone is injured on your property, this will help protect your finances during any lawsuit. 
• Actual-Cash-Value – This means you are paid what your items were worth before they were destroyed instead of the replacement cost. 
• Full Replacement Cost – This term may come up with a comprehensive homeowner’s coverage. Items must be replaced at full replacement cost if they are destroyed or stolen. 
• Declarations page – These will explain your annual premium and outline your coverage.
• Rider – Extra policies to cover particular personal property. Usually separate from your original policy.
• Replacement cost – This is an easy term. It merely means you will get reimbursement for new items, not the original cost. It doesn’t matter the age; you will receive a new item.

An Insurance Company on Your Side

Contact Kriener Insurance of Woodbury, MN today to speak with one of our agents. We are happy to schedule an appointment to discuss various homeowner policy options and explain all the details. We have years of experience helping our customers know what kind of insurance they need and to get the best coverage possible.

The biggest asset that someone in the Woodbury, MN area will likely ever own is their home. Those that own a property in this area will enjoy the great community and benefits that could make it a great investment. If you do own a property in this area, it is important that you get insurance in place. A quality home insurance policy could protect you and your home in several different ways. 

Ensures the Property is Protected 

One way that your home insurance policy can protect you is by protecting your assets. While a home can be built very well, there is still a risk that a bad storm or fire could cause a lot of damage. When you have home insurance, you can receive the financial support that you need to make these repairs. This could also give you coverage to find a place to live while repairs are being made. 

Liability Protection

While a home insurance policy is important to protect the asset, a property owner also needs to consider their liability risk. Guests that come over to your home are your responsibility to a certain extend. If someone is hurt or becomes ill while they are at your home, you could be deemed liable. This could end up leading to a liability claim. Your home insurance policy will give you protection if this were to occur. 

There are a lot of different ways that home insurance can protect you and your property. If you are looking for a policy for your home in the Woodbury, MN area, you should call Kriener Insurance as soon as you can. The Kriener Insurance team will evaluate your situation to make sure that you and your home are fully covered and that you have the appropriate level of insurance in place.