Saint Paul, MN residents who currently have a homeowners insurance policy that does not feature umbrella insurance may think that umbrella insurance is simply not for them. After all, it’s a common misconception that only the wealthy can purchase umbrella insurance as it is supplementary and not mandatory.

However, this is indeed a misconception. Here are three reasons why umbrella insurance is essential for all homeowners — regardless of your income.

1. It provides liability coverage for your home.

Someone can actually sue you if they are injured on your property and claim that your negligence caused their injury. Umbrella insurance provides coverage for medical bills in these cases and can also provide financial aid for your legal defense.

2. It provides liability coverage for car accidents.

In addition to providing liability coverage for your home and accidents that may occur there and result in lawsuits, umbrella insurance also offers coverage for auto accidents. For example, if you are at-fault in an auto accident and someone sues you, medical bills and legal coverage could be provided by your umbrella insurance.

3. It’s not expensive.

The last reason you should consider umbrella insurance for your homeowner’s insurance policy is that it’s not generally that expensive. Most of any claims you make will be covered by your first-tier homeowner’s insurance plan, so premiums for umbrella insurance are usually not expensive.

Contact Rising Star Insurance Today

If you are a Saint Paul, MN resident, Rising Star Insurance can help you find an umbrella insurance policy that meets your needs. We serve residents of White Bear Lake and the St. Paul area. Speak with one of our agents today about your umbrella plan options by giving us a call or stopping by our nearest location. We look forward to working with you!

Life insurance is something that we have all thought about at one time or another, but it is also something that very few of us fully understand. Though it would take far too long to explain it in detail, knowing what basic types of coverage are out there can help make the entire process of understanding a bit simpler. The agents with Rising Star Insurance, in the Saint Paul, MN area, can help you find the perfect coverage for your situation.

Term Life Insurance

There are two basic types of life insurance; the first is term. This means that the insurance policy is good for a specific term. This means that the policyholder can only use the coverage during a specified term. The term can be anywhere from 5 to 30 years and is ideal for younger individuals and those in certain situations. If you pass during this time, your beneficiaries will receive compensation for your death.

Whole Life Insurance

There is also something called whole life insurance. With this type of insurance, the insured can receive benefits from their passing at any point in their life. This is the type of insurance that most people want to have as there are no limits on when coverage can be used. The issue with this kind of coverage, however, is that this is going to cost more than term life insurance, but if you can to pay this sort of premium, it is more inclusive than term coverage.

If you have any questions about what type of coverage you might need or if you want to learn more, you can always talk to an agent about what is available and have your questions answered. The agents with Rising Star Insurance Brokers in the Saint Paul, MN area can help you get started with a life insurance policy right away.

If you own a business in Saint Paul, MN, you are likely to have an insurance policy to cover functions of your business. Companies come in different sizes, yet almost all of them sign up for insurance policies to cover their assets. The real question is if every business needs to get commercial insurance versus simply personal insurance plans. Regardless of the type of insurance you need, Rising Star Insurance will keep you covered.

The Need For Commercial Auto Insurance

If your business needs a large fleet of vehicles that are regularly used, commercial auto insurance would be the clear winner. If you have just one or a few cars that are used for occasional or non-essential tasks, you are probably better off with standard personal car insurance. Keep in mind; personal insurance typically won’t cover damage to products or personal injuries when transporting goods for business purposes.

Property Insurance

Property insurance is a class of commercial insurance that every small or large business should get. Not only would it cover damage done to your building in the event of a disaster, there are other more specific insurance policies for certain aspects of your business. For example, you can take out a policy to cover your boiler system, insurance to cover the windows in front of your store, or even builder’s risk insurance to cover damage during the construction of your new office.

Malpractice Insurance

Everybody has heard of malpractice insurance used for doctors, but it can also be applied to other professionals that are accused of making grave mistakes. High-class professionals like dentists, accountants, real estate agents, and others should consider malpractice insurance to cover lawsuits.

In reality, most businesses should have some kind of commercial insurance if your company is worth a significant amount. If your business operates in the Saint Paul, MN area, you may find what you need with Rising Star Insurance. Reach out to our agents to have all your questions answered.