Umbrella Insurance: A Helping Hand When You Most Need It

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!

How you are covered with auto insurance in Saint Paul, MN

For people all over the Saint Paul, MN area, owning a car can be a necessity. If you are going to purchase this car, it is important that you protect the valuable asset. One way that you can do this is by getting an auto insurance policy as it will cover you in several ways. 

Protection for Liability

One way that you are covered with an auto insurance policy is that you can receive protection for liability. Even if you are a very safe driver, there is always a small chance that you could cause an accident. If this occurs, you are going to be required to cover any damages that are caused. Since this can be a big expense, you need to have a liability insurance policy in place to cover against this risk.

Protects Assets

Another way that your auto insurance policy can protect you is by providing you with property coverage for your vehicle. If you have a car that you would like to be able to replace if it is damaged or stolen, you should get a full policy with comprehensive and collision coverage. This will give coverage for almost any situation that could result in a loss. 

Anyone that is in the Saint Paul, MN area will benefit from auto insurance as it provides several forms of protection. If you are looking to buy a car or are evaluating your current coverage, you should call Rising Star Insurance. The insurance team at Rising Star Insurance is aware of how important it is to get into a quality auto insurance policy. When you contact them, they will be able to help you pick a policy that provides the right coverage and ensures you are in full compliance with the law. 

Three things to do before you purchase motorcycle insurance

Choosing a motorcycle insurance policy in Saint Paul, MN is a big choice. To make this choice, you need to do your research and contact insurance providers like us at Rising Star Insurance.

The following are three things you should do before you make a purchase on the right motorcycle insurance policy for your needs. 

Compare rates between different providers

There are a lot of different insurance providers out there to choose from. You can shop around and compare rates between providers to find the best solution for your needs. 

Most motorcycle insurance providers will provide you with a free quote on a policy. It’s a good idea to get a few quotes before you make a decision on a particular policy. 

Look out for discount opportunities

You may have some discount possibilities available to you when you’re purchasing motorcycle insurance. You could be offered a discount for having a good riding record or a long history without infractions as a motorcyclist. You could also be given a discount if you bundle policies or if your bike has certain safety features. 

Understand state requirements

Motorcycle insurance is more than just a good thing for bikers to have. In the vast majority of states, it’s also required by law. In the state of Minnesota, motorcyclists need to carry $30,000 in coverage for death or injury for one person. They also need to carry $60,000 in coverage or death or injury for multiple people. Another insurance requirement for motorcyclists is at least $10,000 of property damage coverage. 

If you’d like to learn more about motorcycle insurance coverage in Saint Paul, MN, we can help. Contact us with your questions at Rising Star Insurance. 


When would someone in Minnesota need boat insurance?

While the Saint Paul, MN area is often considered a cold place to live, it does have a long period of the year when the weather is great. Due to the vast amount of local lakes and waterways, it is also a great place to buy and use a boat. When you are looking to get a boat, it is important to consider all of your boat insurance needs. There are several reasons why someone here may need to have boat insurance.

When a Local Requirement

One situation when someone in the Saint Paul, MN area may need boat insurance is if it is a local requirement. Depending on where you live and use your boat, you may be obligated by local or private ordinances to have boat insurance. Normally, boat insurance is required to make sure you are able to pay for damages if you cause an accident. 

Satisfy Loan Agreement

Another situation when you may need to have boat insurance is if you need to satisfy a loan agreement. Most people have to take out a loan when they buy a boat. However, there are a lot of rules that come with these agreements. One requirement that you will likely have is to have boat insurance. Normally, you will need to prove that you have boat insurance before you close on the boat loan. 

If you need a new boat insurance policy, it would be a good idea to reach out to Rising Star Insurance as soon as you can. The team at Rising Star Insurance knows how important it is to have boat insurance. They can work with you to assess your personal situation and help you to get into a policy that provides you with the right type and level of boat insurance coverage. 

How To Protect Your Business With Umbrella Insurance

When a Saint Paul, MN business is looking to protect themselves over the short term and long haul, Rising Star Insurance is here to help. The concept of umbrella insurance may be a difficult one to understand but there is no shortage of benefits to be enjoyed. A company that does not have umbrella insurance is leaving themselves exposed to major lawsuits that can wipe out a business completely.

Saint Paul, MN businesses that have already obtained insurance may wonder if umbrella insurance is truly necessary. In order to preserve assets and property, umbrella insurance is one of the key components of this process. Let’s take a closer look at the following benefits:

Property Damage

A garden variety insurance will not provide the protection that a business owner requires in these instances. If property damage takes place and there is no umbrella insurance policy to speak of, a business owner is often forced to shoulder the full financial burden. This is especially crucial when the costs exceed a general liability plan. 

Bodily Injury

Any business owner that has opened their company to the general public will need to purchase an umbrella insurance policy. The typical policy is only able to offer coverage up to a certain number. If bodily injury occurs on the premises, the business owner remains liable for what has taken place….even if their policy cannot offer the necessary assistance.

Offsite Damages

Let’s say that the company employs workers who are responsible for offsite jobs. When one of these employees has an accident or incident that causes damage, an umbrella insurance ensures continued protection. There are increased liability risks associated with working offsite that have to be addressed in a proactive manner. 

If you have any further questions about the best ways to protect a business with umbrella insurance, be sure to stop by Rising Star Insurance and receive a free quote with no obligation. 

How Much Life Insurance Do You Need?

Life insurance is one of those things no one really wants to think about. However, it is a certainty. Sooner or later your family will need it. How much do you need? How can you know that your loved ones will be financially stable when you pass away? If you need life insurance in Saint Paul, MN, Rising Star Insurance has a plan that’s right for you. 

Do You Need Life Insurance?

Before you answer the question of how much, you must first determine if you need it in the first place. Do you have the financial means to cover your final expenses? Not just burial costs, but unpaid medical bills and other debts? Do you have dependents or a spouse that relies on your income?

Life insurance makes good financial sense if:

  • Others rely on your income
  • You have debt
  • You don’t have enough to cover final expenses

How Much Life Insurance Is Enough?

The simplest way to figure out if you have enough life insurance is to multiply your yearly income by 6 or 10. This should give you a ballpark figure. However, there are other considerations as well.

First is debt. You want enough insurance to cover any debt you may leave for your loved ones. This includes mortgage, credit cars, auto loans, medical bills, and any other debts.

Final expenses for a funeral are normally between $10,000 and $20,000. It’s a good idea to check in your local area ahead of time. In fact, you may be able to select a plot and plan your funeral ahead of time, so you have an exact price and your loved ones won’t have to arrange things.

Lastly is leaving enough money for those who depend on your income. If your spouse also works or would be capable of working in the event of your passing, 6 to 10 years’ worth of income can be suitable. However, if your spouse has no other income or there is a special situation like a disabled or ill child, you will want to take this into consideration. How much would it take for them to be taken care of until retirement?

Life insurance isn’t fun to think about, but it can be comforting to know that your loved ones will be cared for if you pass. Rising Star Insurance in Saint Paul, MN can offer you and your family peace of mind, which is priceless. 

How Would Commercial Insurance Protect a Company in Saint Paul

Saint Paul, MN area is very well known for having a good local economy. Due to a strong population basis and good median income, it can be a great place for anyone to start a small business. While this area offers a lot of potential and promise for small business owners, there are still risks that come with starting a company. One way that you can protect your company is by getting commercial insurance as it can protect your organization in many different ways.

Ensures Your Investments are Secure

One benefit of getting commercial insurance is that it can help to ensure that your business investments are secure. If you are going to start a company, you will need to invest some money in assets to get it off the ground. If you have commercial insurance, these assets will be covered in the event of damage, theft, or other situations that could result in a loss.

Minimizes Liability Risk

All businesses take on the risk of liability on a daily basis. Since the repercussions of liability can be significant, you want to make sure that you have good insurance in place. A commercial insurance policy will give you the liability protection that you need. 

If you would like to open up a business in the Saint Paul, MN area, it is clearly a very good idea to get commercial insurance for your company. When you are ready to start looking for your next commercial insurance policy, a great company to reach out to is Rising Star Insurance. The insurance professionals at Rising Star Insurance have helped many small business owners better understand their insurance needs and options. This will ensure that your company receives the protection that it needs through a quality commercial insurance policy. 

How to protect your St. Paul property with home insurance

One of the best long-term investments that someone can make would be to buy a home. This is especially true for those that are in the Saint Paul, MN area, which is known for having a good housing market and economy. When you are looking to buy a home in this area, it is important that you have it properly covered by insurance. A home insurance policy can protect your Saint Paul property in a number of different ways. 

Protect Your Home

The main reason why people should make sure that they have a home insurance policy on their Saint Paul property is that it will protect the home. If your home is damaged by bad weather or a fire, you could end up suffering a significant amount of damage. When you have a home insurance policy, you will receive protection against these situations. This will give you the money you need to rebuild your property and cover any damages.

Personal Property 

Having home insurance will also protect your personal property. You likely have thousands of dollars of personal assets sitting underneath your roof. When there is a fire or theft that causes damage or loss, you want to make sure you’re protected. A home insurance policy will provide you with protection for your personal belongings and cover many different situations that could cause a loss.

There are clearly many benefits that come when you get home insurance. To ensure that you are properly covered for your Saint Paul, MN home, you need to call Rising Star Insurance. When you reach out to Rising Star Insurance, the company will help you to figure out your full home insurance needs. They can then help you get into a policy that will give your liability coverage and protect your most valuable asset. 

How auto insurance can protect you

Driving a car on a daily basis is a basic necessity and responsibility for people that are all over the Saint Paul, MN area. When you do own a car, you need to remember that you are driving an asset that also comes with a lot of responsibilities. One important responsibility that you have will be the need to carry auto insurance. Having a quality auto insurance policy can protect you with a number of different ways. 

Protects Your Car

When you receive a full auto insurance policy you will receive great coverage for your vehicle. This can include receiving coverage if your car is damaged, stolen, or vandalized. Since your car is such a valuable asset that you need to invest a lot of money in, this type of coverage will prove to be very valuable. Further, it likely will also be required by an auto loan provider. 

Provide Liability Coverage

While most people think of how auto insurance can protect their car, it can also give you very valuable liability coverage. If you are ever involved in an accident and determined to be the party at fault, you will be required to pay for all damages caused. If you do not have liability insurance in place, you could end up having to come out of pocket to cover these expenses. 

Auto insurance can provide you with some great coverage when you are behind the wheel. Before you start driving your next car in the Saint Paul, MN area, you should reach out to the team at Rising Star Insurance. The professionals at Rising Star Insurance know what type of coverage will provide you with the best protection possible. They will then explain your options and make sure that you have all of the information you need before making the important decision. 

Upgrading Your Boat? Don’t Forget to Give Your Insurance a Boost Too

It seems like once you experience the pleasures of owning a boat, there’s no going back. If anything, you simply begin a lifelong obsession that includes trading in one boat for another, better one. If you have upgraded your boat recently, it’s important to also take a look at your insurance to make sure that it remains sufficient. The team at Rising Star Insurance has been serving the boating insurance needs of the greater Saint Paul, MN community and understands that spending time out on our area lakes is an important part of summer! We are here to provide any guidance that you may need when upgrading your insurance policy upon purchasing a new boat.

Don’t Forget to Upgrade Your Insurance Too!

A new boat is a time for celebration and excitement, but don’t let that make you complacent about your insurance coverage. Too many people wing it when it comes to their insurance. Sure, they sit down with their agent and discuss all of their options when they take out their initial policy, but after that, there’s not a lot of attention given to making sure that their policy coverage is keeping up with their needs. Your coverage needs will change as the value of your boat increases, your teenage children start operating it, or if you alter your storage and docking practices. Don’t forget to make sure that your coverage is keeping up with your needs.

Is it time for a boat upgrade? If you have plans to trade in your Saint Paul, MN area craft for a newer or bigger model your coverage needs will likely change. Contact the team at Rising Star Insurance today, and we will get you out on the water with the protection you need!