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.

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. 

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!