Homeowners insurance premiums in Minnesota need only one claim to spike

Minnesota homeowners insurance

The cost of the coverage within the state will jump after even a single claim has been made. According to the results of a recent study, filing just one claim is enough to cause the premiums for a homeowners insurance policy to skyrocket in the state of Minnesota, which was the highest rate of increase in the country following one claim. In fact, the research showed that after a claim, the average increase in premiums was 21.2 percent. That figure is according to a homeowners insurance report that was issued…

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Homeowners insurance laws warning issued by Minnesota Department of Labor

Minnesota homeowners insurance

The state is reminding people about regulations regarding deductible discounts from contractors. The state of Minnesota is working with a number of large organizations to remind people about homeowners insurance regulations and what coverage behaviors are allowed. Severe thunderstorms in the summer often have people calling insurers to ask about their coverage. Though homeowners insurance policies will typically cover a number of different types of damage from severe weather, there are some rules that must be observed when choosing a contractor to perform the repairs. The Better Business Bureau of…

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