What other watercraft can you cover with boat insurance?

When you own a boat, you probably also own other watercraft. You might own a jet ski or two, a Seadoo, and athletic gear like water skis. You probably also own a canoe or kayak. They all need insurance, but did you know that you can insure them under your boat insurance policy from Rising Star Insurance?

The same boat insurance protects you while you navigate the waters of the lakes near Saint Paul, MN. While you don’t need a separate policy to protect all of the items you own, you need to list them all in your insurance policy. The list of property you provide to our insurance agent and the cost of your purchase of each of those items forms the foundation of our calculations for your premiums. Still, it also includes the basis for the property amount that your policy covers.

What That Means to You

Let’s say you buy a boat, a Seadoo, and a Kawasaki Jet Ski. You insure the boat for its purchase price of $150,000, but you leave off the Seadoo and jet ski. Even if you transport the three items on the same trailer and an accident damage them all simultaneously, your policy only covers the items named in it so that it wouldn’t cover the other watercraft. That means you’d lose about $14,000 that you would have to pay out of pocket to replace it.

Contact Us

Contact Rising Star Insurance serving the Saint Paul, MN area, for a boat insurance policy that covers all of your watercraft. We can help you obtain coverage for every watercraft you own, so you can avoid an expensive out-of-pocket cost if you have an accident.

How To Choose the Right Motorcycle Insurance Policy

Motorcycle insurance is a must for all riders. But with so many policies to choose from, which one is the right one for you? Here are tips to help you choose the right policy.

1. Get to Know Your State Requirements

All states have minimum requirements for motorcycle insurance, but you should know what they are so that you can make sure your policy meets them. If it doesn’t, you could be found uninsured if pulled over or involved in an accident with another vehicle. In MN, the state requires at least bodily injury liability up to $30,000/$60,000 and property damage liability of at least $10,000. Liability covers another person’s medical expenses if you are deemed responsible for an accident.

2. Understand the Coverage Type

There are many different types of coverage, and it’s important to understand the differences. Bodily injury liability covers another person’s medical expenses if you are deemed responsible for an accident. Personal injury protection (PIP) will pay for your own injuries or that of your passengers regardless of who is at fault. Property damage pays for repairs to another vehicle in an accident you caused. Collision pays for repairs to your own bike after a collision, and Comprehensive covers the cost of stolen or damaged parts on your motorcycle not involved in an accident.

3. Look at the Deductibles

Deductibles are the amount you pay before insurance kicks in. The higher your deductible, the lower your cost, but if you choose a high deductible and an accident occurs, it could be quite costly out of pocket. You may also want to consider who your motorcycle policy covers as well as your policy.

There are plenty of options when it comes to motorcycle insurance. Make sure you understand your state requirements and choose a policy that fits your needs and budget. Looking for motorcycle insurance in Saint Paul, MN? Rising Star Insurance is here to help. Call us today for a free quote.

How does boat insurance work?

Boat insurance is a must because it provides you with both essential protection. And more than just protecting your boat, it protects you as well. Rising Star insurance, in Saint Paul, MN, offers two types of quality insurance coverage designed to meet your needs. Both levels provide personal liability protection if you are sued by someone injured while they were on your boat.

Boat insurance is a method of risk management used by boat users to mitigate financial losses from perils, particularly physical damage or loss resulting from accidents or negligence. Boats are insured against many but not all risks. Insurance coverage varies in the amount and type of risk it covers.

How does boat insurance work?

Boat insurance covers damage to your boat and the things you keep in it. Like a car, your boat, and everything you own on it is covered by insurance when you have a comprehensive policy. This protects against theft, fire, vandalism, malicious damage, and acts of God. Collision cover is there to pick up the pieces if someone hits your boat or if you run into something.

Boat insurance covers your boat from theft and financial losses, including loss due to fire, storm, explosion, and sinking. Most boat insurance policies also cover personal items on board, such as clothing, toiletries, and fishing equipment. If you have an accident or your boat is vandalized, your third-party liability cover will pay for the damage you cause to a third party’s property and legal costs in defending you. When choosing boat insurance, it is essential to understand precisely what you want to be covered for and how much protection you want for your boat and its contents.

Why do you need boat insurance?

Why do you need boat insurance? You need to protect yourself against unexpected damage, theft, or total loss of your boat. Whether a boat insurance policy covers you or not, anything can happen to your boat. On top of normal wear and tear, your boat is exposed to the elements and may become damaged if not properly maintained. Even if it’s well-maintained, you never know when an accident might happen while you’re enjoying your time in the water. Having a standard insurance policy on your boat is essential for when accidents occur and for unforeseen problems that can affect your boating enjoyment.

Rising Star insurance is dedicated to all kinds of boats, including fishing and cruising boats, so if you’re looking for excellent insurance for your boat, we are here to help. Please speak to one of our agents in Saint Paul, MN, and get boat insurance coverage today!

The Reasons Why You Need Life Insurance

Are you debating life insurance for your Saint Paul, MN family but aren’t sure if it’s right for you? Let us help you at Rising Star Insurance. There are many reasons why you need life insurance. However, these simple reasons all help to make your family safer after you pass. Here are three of the most common reasons people get life insurance and what you need to know about them.

Death Can Come at Any Time 

Are you still relatively young and in good health? That’s wonderful, but death can happen even to the most prepared person. We’re not trying to scare you here, but it is essential to remember that things like car accidents, cancer, and much more don’t care about your overall health and youth. 

Your Loved Ones Need Protection 

Are you the primary breadwinner in your family? Then it would help if you had life insurance for after you pass. This policy will help your family take care of your after-life needs and recover after losing you. Money is not enough to replace you, but it can help make life a little easier to handle. 

Life Insurance is Usually Not Taxed 

When you leave money to your family after you pass, much of it will be heavily taxed, and your family won’t see that portion ever again. However, a life insurance policy is not taxed, meaning that they’ll get the vast majority of the payment, making life easier after you pass away. 

Give Your Family This Help 

If you want life insurance that Saint Paul, MN can trust to handle your after-life needs, please call us at Rising Star Insurance right away to learn more. Our team will work with you to find a meaningful policy and ensure that you are satisfied. 

Can commercial insurance protect a Minnesota business?

The Saint Paul, MN area has continued to be a good place to own and operate a business. If you do own a business in this part of the state, you can find that there is a lot of support for small organizations and that you can be quite successful. While there are clear opportunities for those in this area to do well, there are risks as well. A way that some risks can be offset is by getting a commercial insurance plan as it can protect a company in several ways.

Mitigate Liability Risk

A great way that someone can benefit by having a commercial insurance plan is that they can offset their liability risk. Business owners should always be aware that there is a chance that they could be held liable for an accident that results in a loss. As the damages can be significant, getting commercial insurance to mitigate the risk is helpful. 

Protect Assets of Company

You can also be protected by commercial insurance as it can cover your assets. A commercial property insurance plan can cover a wide range of assets that are owned by a business. If they are stolen, damaged, or destroyed, your commercial insurance plan can give the coverage you need to repair or replace them. 

Businesses all over the Saint Paul, MN area are going to need to have proper insurance support in place. If you would like to get commercial insurance protection here, it is always beneficial to speak with someone that you can trust and that is experienced. In this area, Rising Star Insurance is always a great group to call. The team with Rising Star Insurance can help you carefully assess all insurance options and give any support needed to build your next plan. 

When Should I Review My Life Insurance Plan?

When you think about life insurance, you see a safety net that protects your family and loved ones when you are long gone. While life insurance protects what matters most, have you thought about updating your policy? Life insurance isn’t a “buy and forget” policy. Rising Star Insurance in Saint Paul, MN, recommends you update your policy from time to time to ensure it meets your needs.

Not sure when you should update your life insurance policy? Here are the reasons you should review your life insurance policy.

Change of beneficiaries

A beneficiary is a person entitled to receive your life insurance proceeds when you die. Always have an up-to-date beneficiary list. Remove or add your beneficiary list should you marry, add a child, or divorce. Updating your beneficiaries smoothens the claim process when your loved ones lodge one.

You have a new job

Landing a new job is a big step in your life. As such, you need to check with your life insurance agent to see if your needs are still covered adequately. It’s essential to account for the changes in your income and lifestyle in your life insurance policy.

You have started a business

Life insurance isn’t for individuals only – it can benefit your business, too. Life insurance is pivotal for a business as the proceeds can be used to settle commercial loans or buy your shares to keep your legacy in the business.

You have added debts

Added a mortgage to your debt portfolio? Your life insurance agent should know about this and adjust your policy accordingly.

Learn more about life insurance in Saint Paul, MN

Still not sure when you should review your life insurance plan? Don’t worry. Life insurance can be a confusing topic for many. Fortunately, at Rising Star Insurance, we are here to become your lifelong partner when it comes to life insurance. Contact us today to get the conversation started.

Should all Minnesota residents get life insurance?

Anyone that resides in the Saint Paul, MN area will have various insurance needs. One form of life insurance that people in this area of the state should consider getting is life insurance. This form of coverage can provide financial protection to the beneficiaries of the policy. There are several reasons all people in this area of the state should consider getting a life insurance plan. 

Coverage Provides Financial Support

A key reason to have a life insurance plan in this part of Minnesota is that it will offer financial support. Life insurance is designed to provide an insurance payout if the policyholder passes away during the term of the policy. This can be a great way to protect the financial future of those that you care most about. It can also cover end-of-life expenses, which otherwise may be a burden on your loved ones.

Coverage Offers Investment Incentive

You may also want to have a life insurance plan as it can provide a good investment incentive. If you choose to get a whole life insurance plan, some of the monthly payments will build up in an account and accrue interest. This can make whole life coverage a good low-risk investment and is a good addition to your total financial plan. 

People that are in Saint Paul, MN area would always benefit by having a proper life insurance plan. If you are in the market for a new policy in this area, it would be a good idea for you to call Rising Star Insurance. There are a lot of choices that come with life insurance and Rising Star Insurance can help you simplify your options. This can help ensure that you will receive the ideal life insurance coverage for your situation. 

How Much Does Boat Insurance Cost?

A boat is not an ordinary asset in Saint Paul, MN and owning one is pride. Getting decent insurance for your boat is not an overnight affair, as there are factors you must never overlook. It is prudent not to merge your homeowner’s policy with your boat insurance, lest you miss coverage like Wreck towing and salvage services. It is also wise to choose your insurer wisely since working with an institution such as Rising Star Insurance is a rewarding experience.

What To Consider

Insurance institutions look into several factors when engaging their clients on boat insurance. Luckily, almost every vessel has a matching policy with a reasonable price. Factors such as the value of your boat, current condition, physical size, horsepower, and the operating region, are among the primary ones when looking for a policy. Such determine the amount of money you pay for your policy.

What Insurance Options Do You Have?

Boat insurance policies come in two options, actual cash value, and agreed value. The approach employed to calculate the value of depreciation is the only factor that brings the difference. The second option concentrates on the initial value of the boat at the time of writing the agreement. It is more expensive but does not consider any depreciation, even in situations of total loss. The actual cash value is less costly because depreciation is a primary consideration. It compensates your boat depending on its current value after devaluation.

Getting boat insurance in Saint Paul, MN is not debatable as it falls among the most crucial requirements. You must buy a cover for your vessel in most states. You may have challenges trying to dock your boat without an insurance policy. Whether your state has laws governing boat insurance or not, failure to get a policy is not worth the risk. Contact Rising Star Insurance today to enjoy a smooth operation, knowing your vessel or finances are not in jeopardy.

How Does an Umbrella Policy Work?

Safeguarding assets is a number one priority for most people in Saint Paul, MN. With an umbrella insurance policy with Rising Star Insurance, you can enjoy extra protection over and above the existing limits of other insurance policies.

What Does an Umbrella Policy Cover?

An umbrella insurance policy protects you against significant liability claims that aren’t covered by other liability policies you have. An umbrella insurance policy will generally cover damage to property, injuries, and particular lawsuits.

While you might have other policies like homeowners insurance that cover some of those occurrences, it is vital to get umbrella insurance to cover you beyond the limits of those coverages.

An umbrella insurance policy doesn’t cover for:

  • Deliberate or criminal actions leading to damage to other people
  • Liability under a contract
  • Business losses

Do You Need an Umbrella Insurance Policy?

Umbrella insurance can come in handy for everyone. That’s because everyone is prone to accidents. Umbrella insurance policies help to avoid paying a high cost to a person’s legal or medical bills if you’re found responsible.

Let’s put it into perspective. Suppose you’re found responsible after a visitor is injured while walking or playing in your yard. Umbrella insurance will cover the resulting costs up to the limits of your policy.

 Your umbrella insurance policy can also extend to your children, spouse, and other relatives residing in your home. That means that you will have everything covered in case your teenage daughter causes an accident.

Get an Umbrella Policy Today

We’re in a world where anything can happen at any time. Your neighbors can sue you for anything, bringing about a significant financial burden. Even if you’re the most cautious person, you can end up being caught up on the wrong side of the law.

Are you seeking to find the most affordable insurance company in Saint Paul, MN? Check out Rising Star Insurance to stay protected.

Motorcycle Insurance Options in Minnesota

You bought a motorcycle so that you can enjoy the feeling of freedom it brings as you are riding down the highway, and you will want to protect the investment you made in your bike. To do that, you will need to have an insurance policy in place and the motorcycle insurance agents at Rising Star Insurance in Saint Paul, MN understand the importance of being protected.

Liability Motorcycle Insurance

All motorcycle owners in the state of Minnesota must have at least liability insurance to drive the motorcycle legally on the roadways. There is a minimum amount of liability insurance that you must carry at all times that will cover injuries and property damage to another person that you were involved in an accident with that is your fault.

Underinsured and Uninsured Insurance

Although not required in Minnesota, it’s a good idea to have underinsured and uninsured insurance coverage for your motorcycle. This will protect the investment you made in your motorcycle if you are involved in an accident that is the fault of someone who has no insurance or not enough insurance to cover the damage to your bike or injuries that you sustain in the crash.

Collision Motorcycle Insurance

Collision insurance will cover any damages to your motorcycle that occur if you collide with another vehicle or an object.

Comprehensive Motorcycle Insurance

Comprehensive motorcycle insurance will cover the repairs or replacement of your bike if it is destroyed or damaged in a fire, a natural disaster, or due to vandalism. It will also cover your motorcycle if it is stolen.

Obtain Your Policy

To obtain a motorcycle policy to protect you and your bike, you may contact the motorcycle insurance agents at Rising Star Insurance in Saint Paul, MN to obtain a quote and to get your policy started today!