Is auto insurance a necessity?

Posted on November 22, 2021December 8, 2021 by admin

Are you a car owner or aspiring to buy a new or second-hand car in Woodbury, MN? It’s imperative to understand that auto insurance is not only vital for your vehicle but also for your financial liability as well. If you are involved in an accident, you could plunge yourself into paying hundreds of dollars if not thousands for resulting damages and injuries out of pocket. Therefore, it’s paramount to buy prolific auto insurance in Woodbury, MN because it helps you cater to damage to your vehicle or any overall medical costs for you or your passengers sustained after an accident. Please feel free to speak to our dedicated agents at Kriener Insurance, and they will assist you in designing a customizable auto insurance quote that matches your lifestyle and budget.

Is auto insurance a necessity?

The versatile benefits of auto insurance are plentiful, particularly when you are involved in an accident. Devoid of magnificent insurance in Woodbury, MN you will be required to pay for injuries and damages out-of-pocket and navigate the aftermath on your own. Auto insurance harbors the following benefits.

It safeguards you against lawsuits.

Did you know that you could lose your assets after causing a significant accident propagating massive injuries and damage to the other party’s properties? Luckily, with auto insurance, you get assistance with claims that third parties file against you after an accident. That encompasses legal defense if you require it.

It’s a legal requirement.

Many states, including Minnesota, advocate for all drivers to carry a car insurance policy to drive on their roads to guarantee their protection. Minnesota is also a no-fault insurance state. Driving without the minimum requirements mandated by the state may attract dire consequences such as losing driving privileges and sometimes being sent to jail.

Liability protection

Liability protection is a legal requirement in many states to drive a car. Liability coverage helps you cater to expenses emanating from injuries and property damage you inflict on other parties after being deemed responsible for an accident.

Asset protection

Owning a car is a significant milestone for any Woodbury, MN, resident. Therefore, it warrants formidable protection from imminent perils like theft and other calamities. Comprehensive coverage repairs or replaces your vehicle after being stolen or damaged by non-collision events like fire. Additionally, collision coverage repairs or replaces your car if it gets physically damaged through collision with other vehicles or stationary objects.

Do you have auto insurance in Woodbury, MN? If not, you need to get one as soon as possible to guarantee your protection and that for your car. Please call or visit us at Kriener Insurance and get detailed information about auto insurance.

Which coverages should freelancers buy to protect their businesses?

Posted on October 15, 2021October 5, 2021 by admin

Many people are choosing freelancing due to its innumerable self-employment benefits. It gives you the right freedom to explore the world, spend time with family and earn your income as you want. However, if you’re planning to start your own freelancing business in Woodbury, MN; you need to get the right commercial insurance coverages to protect your business. At Kriener Insurance, we recommend learning about different business insurance policies to determine which ones work best for you. Here are a few examples to get you started.

General liability insurance

Every business owner, including freelancers, should have general liability insurance, which helps protect people from liability claims and other common accidents in the workplace. Even if you work from home, accidents happen everywhere, which can leave you dealing with deadly and expensive lawsuits.

Professional liability insurance

While general liability protects your liability claim for personal injuries and damage, professional liability or errors and omissions help cover legal bills for lawsuits related to your professional services. For instance, if you are a freelance writer and a client decides to sue you for delivering poor quality work, professional liability insurance can help pay the legal fees.

Cyber liability insurance

Cyber liability is critical, especially if your freelance work involves working or managing jobs online, which most freelancers do. Data breaches, fraud, and other cybercrimes can be very expensive to deal with, but if you have cyber liability insurance, your finances and business will keep running smoothly.

Commercial property insurance

Even if you’re a freelancer who mainly works from Woodbury, MN home, it’s essential that you have commercial property insurance to protect your office. Remember, home or renters insurance does not cover damages related to your business property. Whether you own a small apartment, office or simply use your living room as your office, this coverage may help pay for any accidents that could happen to your workspace.

Need to get several business policies for your freelancing business? You are in the right place. Kriener Insurance helps you choose the most appropriate coverages and take you through the entire purchase process. Feel free to call us to book an appointment.

Does Home Insurance Cover Other Structures?

Posted on September 30, 2021October 5, 2021 by admin

Not all of life’s problems are predictable, and you want to be covered just in case. Every property has different insurance needs. If your home has at least one other structure on its property, you want to make sure that it is covered by your homeowner’s insurance policy.

Kriener Insurance, which serves Woodbury, MN, understands your desire to protect all of your personal property. Here’s what you need to know when it comes to protecting structures on your land.

Homes Are Not the Only Structures You Want to Cover

There are plenty of structures you might have on your property, including a garage, guest house, shed, or personal gym. In many cases, a home insurance policy does cover other structures on the property designated for personal use. Likewise, homeowner’s insurance policies may encompass the personal items inside these buildings.

There are many exceptions, which is why it is crucial to discuss your home’s structures with an insurance agent. For example, different policies may have different stipulations for structures used for business purposes, even if they are on your personal property.

What Kind of Coverage Should You Consider?

Each insurance policy is different. No matter the kind of insurance you choose, you may want to consider coverage for personal property and liability for other structures on your land.

If you are still unsure if your home insurance policy will cover your entire property, you should speak with an insurance agent. A professional can tell you whether your office, tool shed, pool house or guest house is covered by your policy. Kriener Insurance helps residents of Woodbury, MN choose an insurance policy that suits their needs.

How Renters’ Insurance Works

Posted on August 16, 2021August 1, 2021 by admin

When you live in a rented home, you need to have renters’ insurance to protect yourself and your finances. If you don’t have one of these important policies in place, call us right away at Kriener Insurance in Woodbury, MN to talk to an agent.

Your Possessions

When you rent a home, chances are that everything you own is inside it. That makes it vital that you have a renters’ insurance policy. This type of policy protects you by covering your belongings against being ruined or destroyed. If an accident, calamity or disaster results in your items being seriously damaged or completely destroyed, your renters’ policy would help you to get them replaced. This is valuable for every renter so that they never find themselves without anything after a serious incident.

Covering Your Standard of Living

If you live in a rental, what happens to you if it is seriously damaged or destroyed? If you don’t have any insurance, chances are that you would be out of luck and have to try to come up with enough money to live elsewhere while the repairs were being made. However, with a renters’ policy, your policy will pay for you to move to a habitable address and to stay there until you can return to your rental. This allows you to keep a stand of living that is similar to what you had before the incident happened.

Protecting Your Finances

If you were to have someone in your rental that had an accident and became injured, you would likely be liable for their medical bills. If you don’t have renters’ insurance, you are likely to be sued for those bills. However, with a renters’ policy, those bills get paid by the policy, and no lawsuit is required.

Get Your Renters’ Policy

If you don’t have this policy in place, call us at Kriener Insurance in Woodbury, MN.

Understanding Umbrella Insurance

Posted on July 28, 2021August 1, 2021 by admin

Investments come in many packages. Your home, bank accounts, and business ventures are all considered investments. As such, they each need protection so that they can best serve you in the future. At Kriener Insurance, serving Woodbury, MN, we can help you better understand how to protect all of your investments with umbrella insurance.

What Is Umbrella Insurance?

Umbrella insurance is a unique insurance product which can bring added protection and security to your investments. If you already have home, vehicle, life, or commercial insurance in place, umbrella insurance can be an add-on policy for catastrophic events.

Each type of insurance product will have limits to the coverage the policy will payout. If an event takes place that exhausts these policies’ limits, your assets could be left vulnerable to make up the difference. Umbrella insurance can kick in to provide additional coverage and payouts.

Who Needs Umbrella Insurance?

Anyone can benefit from umbrella insurance, but it is often most beneficial for those who have significant assets they wish to protect. This can include retirement accounts, investment accounts, properties, and more. If your current policies are exhausted after a claim, those assets can be held liable by law to satisfy the expenses. Umbrella insurance will provide that needed extra layer of protection to make sure this doesn’t happen.

How Much Coverage Do I Need?

Each individual will have a unique situation which will require evaluation. Sitting down with an insurance representative is a great way to better understand your insurance needs and to figure out how much coverage you will need.

If you would like to learn more about insurance products and services, please contact us at Kriener Insurance, serving Woodbury, MN.

Who Needs Life Insurance in Woodbury, MN?

Posted on June 24, 2021June 24, 2021 by admin

According to the Insurance Barometer 2020 Report, approximately 41 million Americans said they need life insurance, but they don’t have it. Part of the failure to invest in life insurance is that most people assume it’s expensive. For others, they wrongly assume that they don’t need life insurance at all.

While not everyone needs life insurance, if you are in the below categories described by Kriener Insurance of Woodbury, MN, you need life insurance ASAP.

You have dependents

Of course, most people take life insurance to supplement their income when they die. If you have a spouse, aging parents, kids, or siblings that depend on your income, think about how they would survive in your absence. It would be hard, right? For this reason, invest in life insurance today to safeguard the financial future of your loved ones.

You are planning to get a baby

If you are expecting a baby or about to adopt one, now it’s time to buy life insurance. Since your health declines with age, waiting to buy life insurance until your kid attends school will be expensive. Instead, purchase life insurance today – it will be cheaper, and it will step in to cover child care expenses if you die unexpectedly.

You have debts

When looking for a life insurance plan, financial experts advise you consider your total debts so that your beneficiaries can pay off your debts in full. Without life insurance, you are likely to burden your loved ones and cosigners with debts like mortgages, student loans, and credit cards.

You have a business

If you would like your business to succeed even when you pass on, invest in life insurance. This coverage ensures your employees and other stakeholders are paid in your absence. Besides, life insurance can help finance any outstanding business loans.

Buy life insurance today!

Now that you have seen life insurance benefits, it’s time to invest in a plan. If you are in Woodbury, MN, and its environs, please contact Kriener Insurance for an affordable quote.

4 Popular Myths About Auto Insurance

Posted on May 28, 2021May 30, 2021 by admin

The auto insurance industry is large and can be difficult and complex to understand. With all the information going around, it becomes challenging to differentiate between facts and myths. Getting yourself and other users protected when you are behind the wheel is one of the best things to do. However, these myths have bound and left people misinformed about auto insurance coverages.

Like other myths, car insurance myths start from the truth, and then the truth is distorted as the information circulates. To help put your mind at ease and clear the misinformation, Kriener Insurance of Woodbury, MN, is here to demystify four popular auto insurance myths.

The color of your vehicle affects the premium rates

Perhaps this is the most common myth in the auto insurance industry. The truth is the color of your car does not affect your auto insurance costs. The cost has several determining factors such as the model of the car, the make, the engine size, body type, age of the car, and driving records.

Your credit does not affect your insurance rates

Your credit history is a significant factor that determines your premium cost. Insurance companies usually look at your credit score to check how well you can manage your finances and your likelihood of filing a claim. Those with good credit history pay less since they are seen as having a lower risk.

The minimum liability coverage is adequate

Although almost all states require you to carry the minimum liability coverage, it may not be sufficient in the event of an accident. It means you will dig from your pocket if your vehicle gets damaged, or you sustain an injury in an accident.

If someone else was driving your car during the accident, their insurance would pay for damages

This is also a common myth in the auto insurance industry. It’s important to understand that that auto insurance follows the vehicle — not the driver. If you lend your car to a friend or relative, your car insurance is the one that will be at play and not theirs. Regardless of who was behind the wheel, the vehicle owner’s insurance will take the day.

Get the facts in Woodbury, MN

With all the myths going around about auto insurance, you need to get it right when buying your policy. It would help if you worked with a trusted insurance agent like Kriener Insurance. Contact us today for all your auto insurance needs.

How does commercial insurance protect a business?

Posted on April 22, 2021April 22, 2021 by admin

Business owners all over the Woodbury, MN area can continue to find that it is a good place to be their own boss and own a business. If you are going to start a business in this area of the state, you can be quite successful if you continue to be diligent and protect your business. A proper commercial insurance plan can be a great way for someone to protect their company.

Insurance Offers Liability Risk Protection

A key reason why commercial insurance can protect a business is that it can mitigate your liability risk. Business owners should be aware that they will take on the risk of a liability claim regularly. As this could hurt your company and even threaten insolvency, mitigating this risk is important. With a full commercial insurance plan, you will get the protection needed to offset this business risk.

Insurance Covers Business Assets

You can also benefit by getting a commercial insurance plan because it can help to protect business assets. Those who would like to build a business will have to invest in assets for the company. As these assets are crucial and necessary, protecting them is important. With a commercial coverage plan, you can get the protection you need to repair or even replace these assets.

When you are going to own a business in the Woodbury, MN area, it is imperative to protect your company with commercial insurance. A great company to speak with when you are assessing your insurance needs is Kriener Insurance. The insurance team with Kriener Insurance can help you better assess your business’s insurance needs. They can then offer the guidance that you need to build a commercial insurance plan that will properly protect your organization.

Preparing a home inventory and storing it safely

Posted on March 25, 2021March 25, 2021 by admin

Home is where the heart is, and it is also where you keep most of your possessions. When a covered peril hits, and chances are it will hit eventually, you will need to file a claim with your insurance carrier. It is not a particularly easy process, but it can be very manageable if you have a home inventory. It’s a matter of creating one at your leisure or being forced to create one in the most trying circumstances you can imagine. At Kriener Insurance in Woodbury, MN, we are passionate about providing our customers with the best possible experience in getting insurance products.

Deciding to create your home inventory is best done when you have the time you will need. Depending on how many rooms you have, it can be quite extensive. You can do it digitally or the old-fashioned way with a pad and pen. Whichever way you choose, you will need to go into as much detail as possible. Gather all your receipts and invoices to use as backup, especially for any of your larger, more expensive items. Use a camera to take pictures of each room from a few different angles.

Open every closet, every drawer, and every cupboard. Record the brand names, serial numbers, and model numbers, especially for electronics. Go into the attic, the basement, the shed, and the garage. When you are finished, you need to store your inventory in a safe place. You can make a digital copy and store it in the cloud, which means it will always be available to you no matter what gets damaged or destroyed. You can also choose to get a safe deposit box or at the very least a fire and water-resistant box or bag.

Contact Kriener Insurance in Woodbury, MN when you are ready to review your home insurance or are a new home buyer.

Why would I need umbrella insurance?

Posted on January 27, 2021January 27, 2021 by admin

There continue to be many different insurance coverage forms that the typical Woodbury, MN area resident will need to have. While most people here will need a home or auto policy, people should also consider their additional personal insurance needs. One type of coverage that you should consider getting is umbrella insurance. There are several reasons why you may need to get a new umbrella insurance policy.

Insurance Gives Covered for Significant Claims

A lot of people will want to get an umbrella insurance policy because it will give coverage for significant claims. If you are ever at fault for an accident, you may get coverage through your home or auto policies. However, these policies do have coverage limits. Fortunately, you can still get coverage for significant claims if you get an umbrella insurance policy on top of your existing policies.

Insurance Protects For Unforeseen Scenarios

You will also want an umbrella insurance policy as it can give coverage for situations that you cannot predict. While other policies cover some liability risks, there are always situations that can be hard to predict. When you have umbrella insurance, you will get broad coverage that can cover these unforeseen situations.

There continue to be many great reasons to invest in an umbrella policy in the Woodbury, MN area. This type of insurance offers many advantages and benefits to policyholders but can be complicated to choose from. When you are interested in getting this additional coverage, you should speak with the Kriener Insurance team. The team with Kriener Insurance understands how important this coverage is, and they can help you build a policy that will provide you with the right type of coverage.

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