7224 Forestview Lane North Maple Grove, MN 55369  ♦  (952) 473-6584  ♦  info@ranagency.com

RAN Insurance Home

MN Home Insurance Policy

Your Home Is Important, Make Sure It’s Protected

Imagine waking up to find your home severely damaged by an unexpected disaster. Would you be certain that your insurance plan has you fully covered for damages and total loss, or could you possibly face significant out-of-pocket expenses for repairs? These are essential questions that every homeowner needs to consider when selecting their insurance coverage. At RAN Agency, insurance specialists in Maple Grove, MN, we’re here to help you understand the importance of comprehensive coverage and ensure the security of your home.

Home InsuranceWhen evaluating your current insurance policy or researching one for a new home, consider the following aspects:

Coverage for Damages and Total Loss: Ensure your policy provides adequate coverage for damages caused by various disasters, such as fires, storms, and other natural catastrophes. In some cases, homeowners may need to purchase additional endorsements for specific hazards like floods or earthquakes.

Replacement Cost vs. Actual Cash Value: Understand the difference between these two types of coverage. Replacement cost coverage provides the funds to rebuild or repair your home to its pre-disaster condition without depreciation, whereas actual cash value coverage considers the depreciation of your home and might result in a lower payout. Opting for replacement cost coverage ensures you receive enough funds to rebuild your home without worrying about potential out-of-pocket expenses.

Personal Property Coverage: In addition to insuring your home, it’s crucial to have coverage for your personal possessions. Assess the value of your belongings, and choose a policy that covers their repair or replacement costs in the event of a loss.

Liability Coverage: Liability coverage protects you and your family against legal claims for damages caused to others or their property. This comprehensive protection gives you peace of mind in case accidental mishaps occur on your property.

Deductibles: Be aware of the deductible amount that you’ll have to pay out-of-pocket before your insurance policy kicks in. Choose a plan that offers deductibles that are affordable for you in the event of a disaster.

What is Home Insurance for?

Home insurance covers the hazards that most homeowners face. When a loss occurs, you will file a claim with your insurance carrier, and you are paid for the expenses, minus any outstanding deductible amounts.

Insurance also covers personal liability exposures, to protect you from many situations that could lead to lawsuits from others.

For instance, if someone slips and falls in your home or is injured somewhere on your property, you can be held responsible. Liability coverage is there to protect you.

You could also potentially need insurance to protect you from having to pay for:

When you see an independent insurance agent like us you have the chance to explore all your options for insurance, and protect the things that are most important to you.

Little-known facts about Homeowners Insurance

There are many things about insuring a home that most consumers aren’t aware of. We are here to make sure you avoid potential problem areas, including:

Who needs to insure their homes?

Why We're Different

While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you. After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your personal policy. At RAN Agency, our experienced insurance specialists strive to provide our clients with tailored and reliable coverage. We will assist you in reviewing your current policy or finding a new one that meets your specific needs and budget. Our goal is to ensure that you’re fully protected and have the peace of mind you deserve. Investing time in understanding your insurance options and working with knowledgeable professionals can make all the difference when disaster strikes. Don’t leave the security of your home to chance; contact RAN Agency today to discuss your insurance needs and safeguard your future.

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Office: (952) 473-6584
Fax: (952) 473-7089

7224 Forestview Lane North

Maple Grove,MN55369


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