Now that you have purchased a new RV, it is time to determine what type of insurance coverage you need. The following steps will help you choose RV protection.

Vehicle Value

Assess the value of your RV. The amount you invested may influence your decision to select a full coverage or basic insurance product. Think about what it would take to have your RV repaired or replaced. Having adequate insurance coverage will allow you to repair or replace your RV if necessary.

Usage Plans

Consider how you will be using your RV. For instance, if your RV serves as a primary residence, you will need a high amount of insurance coverage to protect yourself. If you are using your RV for traveling purposes, you may be better off purchasing a basic insurance policy that provides liability protection. Explore various insurance products that are designed to meet your needs as an RV owner.

Furnishings and Accessories

Your new RV may be equipped with modern furnishings and accessories that will allow you to remain comfortable while driving or sleeping in it. If so, consider the value of the items included with your purchase. You can list these items and add them to your insurance policy.

Personal Possessions

You may store personal possessions in your RV that would be difficult to replace. Before adding the items to your RV, decide which possessions you would like to add to your RV insurance policy.

RV Insurance Guidance in Minnesota

Speak with an agent who serves Rochester, MN. An insurance agent who represents Safechoice Insurance Agency will gather information about your RV and the manner in which you will use it. They will recommend RV insurance products to you.

Your motorcycle could be a major source of transportation that you use regularly. Consider the transport essentials that follow. Then, upgrade your motorcycle insurance policy accordingly.

Motorcycle Usage

Your motorcycle should be equipped with liability protection. This protection will cover expenses for an accident for which you are responsible. However, this type of coverage may not be enough. Consider the manner in which you use your motorcycle. Calculate the average distance traveled on your motorcycle. Assess the types of roadways that you use your motorcycle on. If you use your motorcycle a lot, you may need to add a considerable amount of coverage to your current motorcycle insurance policy.

Trailer

There may be occasions where towing your motorcycle will be necessary. Your motorcycle insurance policy should cover the trailer that you are using to transport your motorcycle. The size and type of trailer you use will reflect upon the trailer coverage that you need.

Towing Accessories

You will likely need to use towing accessories when transporting your motorcycle. Straps, lights, tow bars, and other essentials you rely upon should be included when upgrading your existing motorcycle insurance policy.

Storage

You may store your motorcycle in a shed, a garage, or a covered structure. If you do not have access to a covered structure, you may decide to use a tarp or a special cover to protect your motorcycle. Determine if your storage method will require you to update your motorcycle insurance policy.

Motorcycle Insurance Consultation in Minnesota

A motorcycle insurance consultation allows you to pick out the insurance products you need. Call one of our Safechoice Insurance Agency representatives. A representative who serves Rochester, MN, will set up a time to discuss the transferential that you are concerned about.

Toy insurance is often overlooked, as owners may believe that their all-terrain vehicles are covered under other insurance. However, most all-terrain cars are covered under what is called toy insurance. Toy insurance is an added coverage that can keep you and your vehicle safe in the case of an accident, providing you with the peace of mind that your valuables are protected. At Safechoice Insurance Agency in Rochester, MN, we believe in providing this sense of security for our customers.

What’s Covered Under Toy Insurance?

Toy insurance generally covers all-terrain, small, open motor vehicles with either one or two seats. They must have three or more wheels and be fitted with larger tires. However, this also includes golf cars, snowmobiles, and ATVs. Essentially, it covers anything that can be deemed as recreational.

Here is a short list of a few others:

• RV’s
• Air Boats
• Off-road vehicles
• And more

Who Needs Toy Insurance?

Similar to car insurance, toy insurance can ensure that both your property and your health are protected. In the case of an accident, a toy insurance coverage plan can help alleviate the damage to either the vehicle or healthcare bills. For instance, if your ATV gets damaged in a collision or gets injured while riding your snowmobile, toy insurance can help cover the costs. Additionally, toy coverage can help protect the value of your vehicle and ensure that it is repaired if damaged. 

Is Toy Insurance Worth it?

Toy insurance isn’t necessary for everyone. It generally depends on what you’re going to insure. Typically, toy insurance is a good idea when your “toy” is expensive. For example, a snowmobile can range upward of $10,000 at times. This is a considerable cost; having it insured can help protect the value. The decision to opt for toy insurance is in your hands, and if you’re still unsure, then feel free to contact a professional at Safechoice Insurance Agency in Rochester, MN, to get more details and make an informed choice.

All-terrain vehicle (ATV) owners in Rochester, MN, must register their vehicle with the Department of Natural Resources (DNR). State law also requires drivers to have proof of ATV insurance, but how much is enough? We answer this question to help customers avoid penalties and fees.

What Types of ATV Insurance Coverage Are Available in Rochester, MN?

Liability, collision, comprehensive, and uninsured/underinsured motorists are available in most states, including Minnesota. Liability covers damage to drivers, passengers, and personal property. Collision covers vehicle damage, and comprehensive covers damage not caused by a vehicle accident. Uninsured or underinsured motorists cover drivers with no insurance or not enough insurance. We also offer specialty insurance within the ATV bubble for roadside assistance, personal injury protection (PIP), guest passengers, ATV parts, and rentals.

What is the Minimum Coverage in Rochester, MN?

We can tell you that the minimum coverage is liability insurance, personal injury protection, and uninsured/underinsured motorists. Liability insurance must have property damage and bodily injury coverage. The minimum for adequate coverage is $60,000 for bodily injury and $10,000 for property damage. You also need $30,000 for bodily injury per person. 

For uninsured or underinsured motorists, you must have $25,000 minimum coverage for one person and $50,000 for two or more people. For PIP, it’s $40,000 per person per accident. Half of the money covers medical expenses, and the other half covers non-medical expenses. You are free to have more, but you cannot have less.

The minimum coverage in Minnesota may not suit you. We seek ATV insurance coverage that satisfies Minnesota laws and your needs. We factor in deductibles, discounts, and driving history to produce coverage that both parties like. Contact Safechoice Insurance Agency for more information on ATV insurance coverage.

For business owners of all sorts, from small-to-midsize enterprises to expansive corporations, commercial insurance is a must-have protection. Even though the specific benefits of commercial insurance may differ widely among businesses, the value and necessity of insurance protection remain similar. That’s why business proprietors in and around Rochester, MN, choose to collaborate with the professional and experienced agents at Safechoice Insurance Agency for all their corporate insurance necessities.

Commercial Insurance: Critical for Businesses Big and Small

All business owners aim for their enterprise’s success. Even though the vision of what defines success may vary among different business owner’s perspectives, the need for safeguarding their enterprises remains constant. Commercial insurance plays a definite role in managing varying risks, from liability and customer claims to asset protection needs, including property and inventory.

These risks can result in substantial financial burdens for larger businesses. For smaller businesses, it could mean shutting down their operations. Therefore, the shield that commercial insurance provides is vital for businesses of all sizes.

Commercial Insurance Solutions in Rochester, MN

If you own a business in the vicinity of Rochester, MN, and are seeking answers to questions on commercial insurance or require insurance solutions, our approachable and seasoned team at Safechoice Insurance Agency can help. While no two businesses are exactly similar, every enterprise requires the protective measure that only commercial insurance offers. Reach out to us and schedule an appointment to explore the insurance coverage and protection your business needs and rightly deserves.

Life changes may dictate a change in your existing life insurance policy. If you currently hold term life insurance, considering an upgrade to a permanent life insurance policy might be beneficial. Our agents at Safechoice Insurance Agency in Rochester, MN, break down the reasons below.

Comparing Term Life Insurance and Permanent Life Insurance

Term life insurance is coverage that lasts for a specified period, providing beneficiaries with a death benefit. You’ll need to procure a fresh policy upon expiration to maintain protection. It’s important to note that term life policies do not accumulate cash value.

On the other hand, a permanent life insurance policy offers lifetime coverage, provided the premiums are consistently paid. When compared, permanent life insurance policies give beneficiaries a death benefit and accumulate cash savings that can be borrowed against premiums or any other financial needs.

Why Consider Shifting to Permanent Life Insurance?

Several compelling reasons make switching to a whole life insurance policy attractive. Here are a few:

• Lifetime coverage: If you have ongoing financial commitments, a permanent policy will ensure that death benefits last for your lifetime.
• Accrual of cash value: Whole life insurance policies accumulate cash value over time, which can be borrowed against. This is an ideal feature for those who foresee borrowing against it.
• Fixed premiums: The rates for whole life insurance are usually locked in for the duration of your policy. Note: Failing to pay premiums may increase rates upon policy reinstatement.

Thinking About Converting Your Life Insurance Policies?

It’s crucial to bear in mind that permanent life insurance premiums may be higher than term insurance. However, considering the lifetime coverage and the ability to borrow against the cash value accumulated, it’s typically seen as a superior choice. Contact Safechoice Insurance Agency in Rochester, MN to speak with an experienced agent.