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.

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.

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!

What a great question! Here at Rising Star Insurance we always welcome questions like these from our clients. We are thrilled to serve the boating community in the greater Saint Paul, MN area! Of course, the answer to this astute question depends on a number of different factors. 

Let’s Take a Closer Look Your Boat Insurance Policy

Owning a boat is a serious pastime in our neck of the woods, and it’s a smart idea to have comprehensive insurance. And when you have the right coverage for your situation you can rest easy knowing you have the protection you need!

• Dry dock — do you store your boat in the dry dock over the winter? Make sure that you have damage and theft coverage for when your boat is on dry land.
• Marina — is your marina safe? With the right policy, you’ll have the protection you need, wherever your boat may be.
• Transport to and from the water — if you trailer your boat to and from the water, make sure that your trailer, vehicle, and boat are all adequately covered.
• Liability — with robust liability protection you are safe if your vessel is involved in an accident that causes injury, property damage, or the loss of your boat. 

Get ready for boating and lake season by confirming that your boat policy is the right one for all your nautical needs.

Contact us today and review the boat insurance policy options available in MN

If you are a boat owner in the Saint Paul, MN area, it’s time to meet with Rising Star Insurance and review your policy options. There are many different types of boat insurance available, stop by today and let’s make sure yours has the coverage you need!

Having enough insurance is different for everyone. For many people, having enough liability insurance entails getting an umbrella insurance policy. This kind of insurance works alongside the auto and home coverage that you already have. If you are interested in umbrella insurance, call us at Rising Star Insurance in Saint Paul, MN. 

Liability and Auto Insurance

If you have auto insurance, you may know that it comes with a certain amount of liability coverage. This liability coverage, however, is often relatively low. Today’s costs for injuries and property damage are higher than ever, and that can mean that your insurance policy doesn’t pay for everything before it meets its maximum payout. If you have umbrella insurance, that’s when your umbrella policy kicks in. It covers over and above the amount that your auto insurance will pay to give you a much higher maximum payout. 

Liability and Home Insurance

Umbrella insurance works in much the same way with home insurance as it does with auto insurance. It gives you a higher maximum payout after your home insurance has paid its maximum for liability. This gives you another high maximum that can pay off your liability without you having to pay for it out of your own pocket. 

Get More Liability Coverage

In today’s world, medical bills and property have skyrocketed, and your liability insurance coverage may not have kept up with the times. If you want to be protected from the many accidents and incidents that can lead to you paying for medical bills and repairing the property, call us at Rising Star Insurance in Saint Paul, MN. Make an appointment to talk with an agent about umbrella insurance policies and how they can protect you from costly bills and lawsuits. 

Do you have children? If so, you need a life policy from Rising Star Insurance. Having this type of policy can help ensure your kids are taken care of in the event of your death. Keep reading to learn why every Saint Paul, MN parent needs to have adequate life insurance.

Why Parents Need Life Insurance

It’s probably pretty obvious that working parents have a big role in the financial structure of the family. After the death of a loved one, the surviving family can sometimes have a hard time making ends meet or even keeping up with the mortgage. However, the proceeds from a life insurance policy can help fill in gaps, pay off the house, and more.

And, yes, even stay-at-home parents need life insurance coverage. The reason for this is that the adult who chooses to take care of the household may only contribute a minimum financially, but they play a huge role in childcare, household tasks, and more. After a death, the surviving parent would be forced to hire someone to come in and take care of the same things.

Even Divorced Parents Need Life Insurance

Although it might be difficult for some co-parents to arrange, even divorced couples need life insurance coverage. The reason for this is that if one parent dies, the other one will likely still need the support of some kind, whether that’s financial or just an extra babysitter once in a while to fill in the gaps. Plus, having a policy ahead of time can help ensure the children have the resources they need to thrive.

Our Rising Star Insurance Team Can Help

While having a difficult conversation about life insurance is tough for most couples, protecting your children is well worth the discomfort. By ensuring you have enough coverage, you can rest assured that your family will have the financial resources necessary to carry on after the unthinkable.

Are you looking for life insurance in Saint Paul, MN? Please contact our Rising Star Insurance team today to schedule a no-obligation consultation appointment.

Starting a business in Saint Paul, MN? Congratulations on joining the entrepreneurial team. Starting a business comes with many considerations such as location, product or services offered, employees, and security. It is easy to forget about commercial insurance, which is critical for safeguarding your investment. At Rising star insurance, we are all about helping you find a policy that fits all your business needs. With that said, here are tips to help you choose the best commercial insurance for your new business.

Assess your needs and risks 

Every industry has its own risks and challenges. As a first-time business owner, you will need to conduct a thorough research about your industry and know the potential risks involved. If you need to employ workers, you will equally need to purchase the workers’ compensation policy. Other hazards include theft in that location, potential accidents of workers or customers, and natural disasters. 

Know how much insurance you need

Once you know the risks involved and other aspects that need to be covered in your commercial insurance, the next step is to determine how much insurance you need. If you are running a small business in Saint Paul, MN, you may not need much insurance, unlike big companies. However, most states require workers’ compensation, even if it is one employee. Other insurance coverages to consider include; general liability insurance and professional liability coverages.

Choose your insurance agency wisely.

When it comes to choosing the best insurance agency, don’t just go for the cheapest. Most of the more affordable policies are not reliable, and you may end up digging into your pockets to fix damages or pay lawsuits. A good insurance company should look at your needs, assess your risks, and come up with a policy that takes care of all your business insurance needs.

For more information about commercial insurance, feel free to speak to us at Rising Star insurance, and we will be happy to help.

When faced with the task of purchasing life insurance policies many people will struggle to decide between whole and term life policies.  Rising Star Insurance can help people in the Saint Paul, MN area to better understand the basics of each type of policy and can help you make the right decision for you and your intended beneficiary.  The biggest difference to keep in mind is that whole life insurance policies cover you for your entire life whether you live to be 40 or 115; while term life insurance policies only cover you for the term of the policy which can range from one year to twenty.  

Whole life policies were created to balance out problems with term life insurance.  These policies last the insured person’s entire life.  Whole life policy premiums don’t increase during the life of the insured.  This means that premiums, the amount of money you pay each month to keep the policy in effect, will be higher than a term life policy when you first start to pay on it. The extra premium money becomes the cash value for the policy.  The insured can borrow this money or withdraw it early.  Of course, you must repay the loan and continue to make premium payments as well.  Your beneficiary will not pay tax on the death benefit money when they receive it.  However, the beneficiary is only paid the amount of the policy.  They will not receive any cash value money there may be.  

Term life insurance policies only stay in effect for the term the policy is purchased. These amounts of time may range from one year to around twenty years. If the insured dies within the term of the policy then their beneficiary will receive a tax-free cash payout. Most insurance companies require that the potential policyholder be examined by a doctor to make sure they do not have any serious health problems.  This is usually only required for the initial purchase of the policy and not necessary when the policy is renewed.  Premiums often increase every time the policy is renewed and as the policyholder ages.  The death benefit does not increase, however, unless the policy is changed.  The higher the death benefit the higher the premiums usually.

Understanding the basic differences between whole and term life insurance policies will help you decide which is best for you and your beneficiary.  In the Saint Paul, MN area please visit the website for Rising Star Insurance to begin your search for the right life insurance.  

Boat insurance is just as essential as auto insurance and other types of insurance. When you’re in The Land of 10,000 Lakes, the water activities are endless. There are different risks associated with boating and it’s best to have insurance. Here’s what you need to know about boat insurance coverage specifics for Saint Paul, MN.

Types of Coverage for MN Boat Insurance

Types of MN boat insurance coverage for boat owners include:

• Boaters liability
• Physical damage
• Uninsured watercraft
• Medical payments protection
• Special equipment
• Trailer coverage

Boaters Liability Coverage

Liability coverage for your boat handles damages that are associated with an accident in which you are held legally responsible. These damages can include victim injuries and loss. This liability insurance covers expenses associated with third-party medical bills, legal expenses, and property damage.

Physical Damage Coverage

Repairing or replacing a watercraft can be expensive regardless of its age. Physical damage coverage helps with financial losses due to damage, theft, or being destroyed in a situation that is considered a covered loss.

Uninsured Watercraft Coverage

If you sustain injuries due to an accident caused by an uninsured boater, receiving compensation for losses can be difficult. Uninsured watercraft coverage helps with compensating for accident-related injuries.

Medical Payments Protection

If you or your passengers sustain injuries while boating, medical payments protection helps with medical expenses. This insurance protection is valid regardless of who is responsible for the accident. Although this coverage is limited, it can help alleviate some of the financial stress of an emergency hospital visit. 

Special Equipment Coverage

Special equipment coverage handles damages to any special equipment you may have on your watercraft, including GPS and similar devices. These devices can be expensive and special equipment coverage can help with the cost of repairs or replacement.

Trailer Coverage

Replacing a trailer that is damaged will cost a lot less than purchasing a new watercraft, but it is still expensive if you do not have the correct coverage. This insurance can protect your trailer in the event it is stolen or damaged.

At Rising Star Insurance, we provide our expertise to help you find your ideal insurance coverage. We provide a variety of insurance solutions to St. Paul, MN residents, including auto, home, commercial, life, boat, and watercraft insurance, and other types of insurance. Contact us today to learn about your insurance options.

Umbrella policies can provide the provide you need when you most need it.  When you secure an umbrella policy, it won’t activate until other policies have reached their coverage limits.  This can be invaluable if, for instance, someone is injured on your property due to your expenses.  In this scenario, your home or commercial insurance will go into effect.  If their medical or legal expenses exceed what is covered in that policy, the umbrella insurance goes into effect.  Another example is the destruction of your home or business during a natural disaster.  The base policy will help you repair or rebuild.  If expenses exceed what is covered, you are responsible for the additional funds.  In either of these examples, the additional funds could be financially devasting.  An umbrella insurance policy can protect against these situations by providing additional funds when they are needed.  Our agents at Rising Star Insurance in the Saint Paul MN area are ready to talk with you about your options. 

Umbrella insurance is simply a financial tool that is designed to protect home and business owners.  In the instance of someone being injured at your home, your home insurance policy may pay out $300,000 to cover their expenses.  If their expenses exceed that amount, you will be responsible for the additional monies.  When an umbrella insurance policy is put in place, the additional expenses and your assets are protected. 

In the Saint Paul, MN area, our team at Rising Star Insurance can help with any of your insurance needs.  They will provide information so that you can decide if umbrella insurance is right for your family or business.  We’ll provide information about your options so that you can decide if it is the best option for you.  We want you to be adequately protected.  Give us a call today!