Your home is likely your biggest investment and needs to be protected. At Wagner Insurance Agency LLC, we have policies for all kinds of homes and can find the one that will best fit residents of Minnesota and North Dakota.
Fire insurance is the basic homeowner's insurance, and that is likely the first thing you need. This can cover a minor fire or a fire that destroys your home. Other types of policies cover things like smoke, storm damage, theft, and other kinds of damage. Flood insurance is a federal program, but we can help you get started with flood insurance if you like.
The kind of policy you get affects the cost, and that is based on how much coverage you get. "All Perils" means you are covered for damage of all kinds. "Named perils," means you are covered only for damages you name when the policy is created. There is also a broad policy and a comprehensive policy whether you have all perils or named perils. These terms are also significant when it comes to insuring the contents of your home.
When insuring your home, you should also understand fair market value and replacement cost. These two items relate to the broad or comprehensive type coverages. If you have a couch you bought 10 years ago for $1,000, it will not be worth that today. Replacement cost would be the amount it takes to get a new couch like the old one, and fair market value is what it is worth today. Deductibles your cost, and that can be used to offset the cost of a policy that gives you more coverage.
Call or visit Wagner Insurance Agency LLC today to get your Minnesota and North Dakota homes protected. Our online tool can give you an idea of what the cost will be, but for more specific costs, come see us. We can answer your questions and find the policy that best fits your situation.
With offices located in Lake Park and Hawley, MN, we serve clients across Minnesota and North Dakota.
