Home Owner Insurance

Building the right foundation starts with an insurance agent you can trust.

Cindy Larsen Insurance (home insurance) is not only helpful but necessary. It protects your home and valuables from theft or damage, which many mortgage companies require as proof before loaning money for a residential transaction.

Cindy Larsen Insurance policy has certain standard elements that reveal what the insurer will pay for.

Your House’s Interior and Exterior: How Damage Affects Them

If your whole home is destroyed or damaged due to fire, hurricanes, lightning, or other disasters stated in your insurance policy, then you will be compensated by the insurer. However, destruction from floods, earthquakes, and poor home maintenance is not generally covered, and separate riders may be needed if that type of protection is desired. Also, note that freestanding structures on the property, such as garages or sheds, need to follow the same coverage guidelines as the main house.

Most of your home contents, like clothing, furniture, and appliances, are protected if they’re ruined in an insured disaster. You could even get “off-premises” coverage to cover lost jewelery no matter where it was lost. Although, your insurer may limit how much can be compensated. The Insurance Information Institute states that most insurance companies will give 50% to 70% of what is insured for the structure of your home.

For example, if your property is insured for $200,000, there would be up to about $140,000 in coverage for your belongings

If you have many expensive items (e.g., art, jewellery, clothes), you might want to buy more coverage by itemizing them, purchasing a rider, or getting a policy.

Minnesota Home Insurance Laws

Purchasing a home is undoubtedly a significant decision, and understanding homeowner’s insurance regulations might be stressful. By working with one, you may rely on valuable information from an insurance agent to ensure you get the best homeowner’s insurance policy from the ideal provider.

Familiarity With Your Community

Several options are available when buying homeowner’s insurance, and you will likely receive several suggestions on protecting your investment. Buying insurance from an agency that knows your area and is familiar with your house’s risk exposure is a better alternative than buying directly from an insurance provider that may not be aware of your needs. The company can ensure you get the best coverage at the most remarkable rate possible. 

Protect Your Financial Investment

Several laws in Minnesota regarding homeowner’s insurance differ from other states. Most home mortgage lenders will usually require a particular type of coverage to ensure you follow the mortgage contract terms. An agency will also check to see if you fit within the legal limits for investment as set by state law.

Identify Your Risks

Extremes in weather conditions put Minnesotans at greater risk for natural disasters. For example, flooding is common in the Land of 10,000 Lakes, which is why most lenders require homeowners to carry flood insurance. A reputable local agency will have this knowledge and be able to serve its clients best.

As a client, the cost of your homeowner’s insurance premium is undoubtedly on your mind. Because dividends are determined by the risk posed by the insured property, an agency’s understanding and capacity to assess this risk and identify coverage gaps is critical. This vast knowledge and experience are frequently deployed as leverage to ensure that insurance companies remain honest in their quotation rates. An insurance company can assist you with comparison browsing to help you acquire coverage at a price that works for you by knowing your unique requirements and where your risks lie.

Know the Law

If you’re a Minnesota resident, know that there are laws to prevent insurance companies from discriminating against certain conditions. For example, if you were denied coverage, those rates shouldn’t be automatically higher because of this history. 

Insurance companies cannot adjust rates based on certain factors, and other rules are in place to stop homeowners from being denied coverage. Guidelines exist when it comes to the age of a home that insurance agencies must follow. For example, an older home with updated electrical and specified systems can’t be denied coverage based on the original construction date.

Numerous variables must be considered, such as access to fire protection, current use, physical condition, and the property’s proximity to other dangers, must be considered while creating a homeowners policy. While the property must satisfy acceptable underwriting criteria, Cindy Larsen Insurance may assist homeowners in determining these risks and ensuring that any denials are legally valid.

Protect against Cancellation and Non-Renewal

For various reasons, an insurance provider may decide to terminate or not renew a policy. An insurance agency can shed light on the circumstances surrounding such events. Knowing ahead of time that failing to pay a premium or paying property taxes for two or more years might result in no coverage can assist homeowners in avoiding losing their coverage. Other reasons for a policy being cancelled include Falsification of the property on the application for insurance and physical changes that increase the policyholder’s risks after the effective date.

Ample Notification

Insurance companies are required by law to notify policyholders of cancellation in writing. In some cases, two notifications may be necessary. Insurance agencies are aware of the rules and regulations regarding notification timelines and homeowners’ rights about cancellations, non-renewals, and denials of coverage.

Extremely Loyal

With the countless insurance companies and policies, you might need some help to feel confident about your choice. However, an insurance agency can educate you on your options and work with you to find the best policy for your needs. Additionally, most agencies are loyal to their customers instead of the insurance companies they represent. This allows them to compare similar policies and advocate on behalf of their clients.

Personal Liability or freedom for Damage or Injuries

Freedom coverage protects you from lawsuits filed by others. This clause even covers your pets! So, if your dog bites Doris at your home or hers, your insurance will pay her medical bills. You may also file a claim to reimburse Doris if she breaks her Ming vase. And if Doris falls on the broken vase shards and wins an award of pain and suffering or wage loss, you’ll also be covered for it.

According to the Insurance Information Institute, having at least $300,000 in coverage is suggested by experts. An umbrella policy can save you hundreds of dollars in premiums by providing additional protection for a few hundred dollars more.

Different Types of Coverage

The cheaper the Cindy Larsen Insurance, the less coverage you will most likely receive.

In Minnesota, numerous types of home insurance have been standardized in the sector; they are numbered HO-1 through HO-8 and come with varying degrees of protection based on the homeowner’s needs and the protected dwelling type.

 There are three primary levels of coverage:

 Actual cash value

Replacement value covers the cost of your home and belongings minus depreciation (i.e., how much the items are currently worth required, not what you paid for them).

Replacement cost

Replacement value insurance covers the actual cash value of your home and possessions rather than depreciation. Up to the original value, you would be able to repair or rebuild your house as required.

Guaranteed (or extended) replacement cost/value

With an inflation-buffer policy, you are covered for whatever it costs to repair or rebuild your home—even if the cost or paid is more than your policy limit. Certain insurers offer extended replacement coverage, which provides more protection than you initially purchased. The insurer’s maximum amount of this additional coverage varies but is typically 20% to 25% higher than the limit.

Some advisors believe that all Cindy Larsen Insurance should get guaranteed replacement value insurance since you don’t need only enough insurance to cover the worth of your property but also enough insurance to rebuild it at today’s prices (which almost indeed will have risen since you bought or constructed it).

What sorts of risks does a home insurance policy cover?

Personal Liability

Liabilities for bodily injury or property damage caused to others, including pets, by you or members of your family

Examples: Imagine if a visitor trips on the loose carpet in your home and gets injured, or your child accidentally throws a ball or any other staff through a neighbor’s window and breaks an expensive vase. These scenarios are not only possible, but they could happen to anyone at any time.

Medical Bills

This insurance covers medical payments for anybody who doesn’t live with you but gets injured on your property, no matter how huge or small the injury is.

Example: A potential customer falls down your slippery steps and gets injured on a rainy day.

Additional Expenses

You might have to pay extra costs or money when experiencing a loss already covered.

Example: A fire catastrophically damages your home, and you are displaced, needing to live elsewhere for an unknown period.

What kinds of protection does a Cindy Larsen Insurance policy offer?

 Your insurance policy is the best spot to look over your coverages, but the following are a few of the things covered by Cindy Larsen Insurance: 

Property Damage

Most policies will cover any damage to your house or other structures on your property that are permanent, including:

  • Fire
  • Wind
  • Hail
  • Water damage (unless excluded by your policy)

Personal Property

Prevent your belongings in case of theft or damage, including:

  • Furniture
  • Appliances
  • Clothing
  • Dishes


Suppose you are a homeowner who has well experienced the theft of valuables from your residence; you may be able to get comprehensive coverage for jewelery stolen from your home (usually $500 – $2,000). You could need special coverage for objects in your collection, such as:

  • Engagement rings
  • Wedding bands
  • Diamond bracelets

To Contact Cindy Larsen Insurance, please call us at  763-783-1188, or you can visit our office at 2705 Bunker Lake Blvd NW Suite 206 Andover, MN 55304.

Professional Service with a Personal Touch.

Independent Agent with Atlas Insurance

“I stumbled across Cindy Larsen 15 years ago when we bought our first house, I was so impressed with her and we quickly switched all of our autos and toys over to her too. For the past 14 years I have been a mortgage broker, and I see thousands of home owner policies come across my desk so I know when someone is paying too much. I have referred all my clients I can to Cindy, because of the great rates, service, and trustworthiness she has provided our family and all my clients.”


Alexandria, MN

Our Step-By-Step Service

We understand getting insurance moved over can be a hassle. That’s why our service and process exist to make it most convenient for you.

Cindy Larsen Insurance

Independent Agent with Atlas Insurance

2705 Bunker Lake Blvd NW Suite 206
Andover, MN 55304

Office: 763-783-1188
Text: 763-296-2810
Fax: 763-754-4028

Monday – Friday 8 am to 5 pm

Get Started