Insurance

Supporting Your Local Businesses

Posted on by Martinson Agency

Supporting Your Local Businesses

January 9th, 2017 — Martinson Agency LLC — Chaska, MN

Small businesses are among the most important components of the American economy, both on local and national levels.

Consider the following statistics from the U.S. Small Business Administration, an entity devoted to supporting entrepreneurs:

  • Small businesses outnumbered large ones by a margin of 28.8 million to 18,600 in 2013.
  • More than 99 percent of all companies that have employees in the U.S. are small businesses.
  • Small businesses are responsible for more than half of the total export value.
  • Between 1992 and 2013, small businesses created 63.3 percent of net new jobs.

With this in mind, let’s take a look at why you should consider shopping at your local retailers.

Support The Local Economy

While entrepreneurs have a massive impact on the national level, their greatest value is often found in the local areas they reside. For example, if you were to shop at a major, multi-national chain, much of their profits will go back to shareholders in other states. On the other hand, small business revenues and profits will often be funneled back into their local economies via the salaries of employees from the area, vendor relationships within the community and more. PV Local First, a nonprofit advocacy group supporting independent businesses, states that local companies are more likely to purchase and sell goods from other entities in their areas.

Higher Quality

Small businesses are also rarely involved in mass-production activities, especially when talking about local retailers. This means that you will be able to purchase more artisanal, higher-quality goods in many situations. If the small local business is a re-seller, then you will be supporting artisans, craft makers, cooks and other professionals in your area as well.

Indirect Philanthropy

When you shop local, the philanthropic and charitable groups in your area are more likely to thrive. Sustainable Connections, a nonprofit that focuses on green initiatives, states that small businesses donate 250 percent more to nonprofit organizations than larger, national chains. These funds, which you will be fueling when shopping local, can go a long way toward making tangible differences in the lives of your neighbors.

Be A Part Of The Movement

American Express, the credit card company that started Small Business Saturday, estimates that $14.3 billion was spent in 2014, and 95 million Americans shopped local during 2015’s iteration of the event. Do not miss your chance to show your support for your community’s companies and entrepreneurs!

If you are looking to make an insurance purchase please contact Martinson Agency in Chaska, MN and remember, SHOP SMALL!

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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Why Kevin McCallister Wasn’t Covered By Liability Insurance

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Why Kevin McCallister Wasn’t Covered By Liability Insurance

December 29th, 2016 — Martinson Agency LLC — Chaska, MN

One of the most beloved holiday movies of all time is “Home Alone,” and the protagonist, Kevin McCallister, is certainly an iconic character in the hearts and minds of viewers everywhere. The whimsical, yet sometimes aggressive plot of the movie yields plenty of lessons from a parenting perspective. But consider the repercussions regarding home ownership and insurance.

Unfortunately, with all of the stunts Kevin McCallister pulled, he and his absent family would not have been covered by liability insurance, at least not in their home state of Illinois.

Coal for the McCallister’s

One might think that the “wet bandits” Harry and Marv, portrayed by Joe Pesci and Daniel Stern respectively, would be completely in the wrong given the fact that they were trying to break into a home and unwittingly encountered a very resourceful child who defended himself. However, in spite of Kevin’s youth – and his seemingly justifiable position when he terrorized Harry and Marv to protect his home, he is acting in such a way that could nullify any protection through liability insurance.

As AllLaw.com, a website devoted to legal matters, explains, Harry and Marv actually could have sued the McCallister’s for the immense range of injuries they suffered, and the family would have had to pay up. In the words of the website: “In most states, property owners must refrain from engaging in willful conduct that causes injuries to trespassers.” 

So, because Kevin was operating in a willful fashion to injure the intruders, he would almost certainly be liable for their injuries. While this exception does not pertain to all states and insurance policies, the Staver Law Group, an Illinois-based legal firm, explains that Chicago and its suburbs, including Kevin’s village, does. If you have liability insurance, you will want to ensure that you understand the implications related to trespassers.

Lessons Learned

Simply put, you should never create hazards that would injure or even kill trespassers. You can and often will be held accountable for their injuries, despite the fact that you are trying to protect your home and they are trying to steal from it or damage it. It is a strange, yet common exception in homeowner liability insurance. But it’s an important one to deter individuals from purposefully causing harm rather than simply calling the police.  Make sure you understand the entirety of your liability coverage within your homeowner’s policy, and never take law enforcement matters into your own hands.

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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To Flu Shot or Not to Flu Shot?

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To Flu Shot or Not to Flu Shot?

November 4th, 2016 — Martinson Agency LLC — Chaska, MN

Flu shots and other vaccinations have been sources of perpetual controversy throughout the past several years, which might make it difficult to decide whether you should get one.

Some individuals have been led to believe there are significant adverse effects associated with the flu shot, but many of these ideas have been proven to be falsehoods by the academic and medical communities. First, keep in mind that the flu is a very dangerous virus that can even kill people in some situations, and the symptoms can last between three and seven days.

Harvard University’s Medical School states someone cannot contract the flu from the shot despite what some may believe. The idea that the flu shot is not necessary for otherwise healthy individuals, or that the vaccination is made with harmful and dangerous chemicals, is completely false.

The U.S. Centers for Disease Control and Prevention, the government entity devoted to population health management, mentions that no one should wait until the flu season is in full swing to get a vaccination, as it will spread quickly. Flu season typically begins between October and November, then becomes more active in December and January, peaking in February. It is worth noting that these periods will vary by region.

Getting vaccinated at a clinic, pharmacy or primary care physician’s office in mid- to late-October is recommended, and shots should be administered every year. The CDC states all healthy Americans need to be vaccinated even if they are not fearful of their own health.

Another government office, the U.S. Department of Health and Human Services, affirms one of the biggest reasons why all individuals need to get their flu vaccination is to leverage something called “herd immunity.”

In short, this term describes a community getting vaccinated to prevent the flu – as well as other diseases and illnesses – from spreading throughout their area and impacting individuals who are more susceptible to severe symptoms, including children and the elderly.

Ensuring Safe Use 

The CDC does note some flu shots will not be safe for certain individuals, typically young children, pregnant women, individuals who suffer from chronic health problems and people who have certain allergies. If you are not sure whether you are fit to take the flu vaccine, consult with your primary care physician to find out for certain.

Now, it is worth noting the flu can be extremely dangerous if you do have underlying health conditions. If your primary care physician decides you should not get vaccinated this flu season, take care to protect your health and avoid the prospect of contracting the sickness. This can be done by washing your hands every time you go outside, avoiding touching your face, not going into public areas when an outbreak occurs and more.

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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Halloween Driving Safety Tips

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Halloween Driving Safety Tips

October 27th, 2016 — Martinson Agency LLC — Chaska, MN

Help protect trick-or-treaters by following these driving safety tips on Halloween. Be especially careful between 4:00 pm and 8:00 pm, when roads and neighborhoods are at peak activity.

  • Drive slowly, and don’t pass stopped vehicles. The driver might be dropping off children.
  • Park your mobile phone. Avoid distractions by waiting until you’ve stopped to call, text, or surf. Get more mobile phone safety tips.
  • Watch for children darting into the street. Kids can cross the street anywhere, and most young pedestrian deaths happen in places other than intersections.
  • Yield to young pedestrians. Children might not stop, either because they don’t see your vehicle approaching or don’t know how to safely cross the street.
  • Communicate with other drivers. Always use your turn signals. And if you have to pull over to drop off or pick up your kids, turn on your hazard lights.

Keep Your Own “Trick-or-Treater” Safe!

  • Teach them how to safely cross streets. They should look both ways and cross only at corners and crosswalks.
  • Consider indoor community Halloween programs for younger kids. Some communities also offer to help you inspect your kids’ treats to make sure they’re safe to eat.
  • Brighten them up. Give them flashlights and glow sticks, and/or use reflective tape on their costumes, so drivers can see them.

Source: National Highway Traffic Safety Administration

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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Why Choose an Independent Agent?

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Why Choose an Independent Agent?

October 19th, 2016 — Martinson Agency LLC — Chaska, MN

Rather than just a simple policy, you really need comprehensive risk management and a true partner in the process that can fit you with the right coverage at the best value.

More than 38,500 independent insurance agencies operate in the U.S. today, according to the Independent Insurance Agents & Brokers of America. Instead of being beholden to one insurer – as is the case with exclusive agents – nonaligned agents typically represent several insurers. This allows them to provide a wide variety of valuable insurance options tailored to you and your unique needs.

That’s really just the beginning of why independent agents are valuable.

Greater Satisfaction

According to J.D. Power and Associates, overall satisfaction among customers who patronize small auto insurers is now greater than with large insurance firms. This is notable because smaller auto insurers are typically marketed by independent agents. “Price perception among customers of smaller insurers is likely influenced by the fact that they frequently select their insurer with the help of an independent agent,” said Greg Hoeg, J.D. Power VP of U.S. Insurance Operations. “Smaller insurers benefit from the personal interactions provided by their agency force, including their ability to educate customers about the value their policy provides.”

Speak On Your Behalf

Independent insurance agents’ top concern is the consumer. Your interests are their interests, so if you’re having a problem with your coverage or encounter issues that prevent you from being fully satisfied, they’re ready to go to the plate on your behalf.

One-Stop Shopping

Though there are independent insurance agents who specialize in one type of coverage, they usually deal with multiple products, including renters, homeowners, automobile and commercial insurance. Bundling is a great savings tool, and unaffiliated agents can help you take advantage of this savings by finding you the right “package” of coverages regardless of the carrier.

Confirm Your Insurance is Appropriate

All too often people buy insurance only to learn they’re underinsured when they need to file a claim. This is one of the risks of buying coverage on your own. Independent agents not only help you determine you’re buying the right type of insurance, but also the right amount of coverage.

All of us at the Martinson Agency in Chaska, MN are devoted to our customers. Being a small independent agency ensures that our focus is solely on the client regardless of the product that you are looking to purchase. Simply put, we care about YOU!

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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Should You Fight A Speeding Ticket?

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Should You Fight A Speeding Ticket?

October 13th, 2016 — Martinson Agency LLC — Chaska, MN

It’s what everyone hopes to avoid while driving: the dreaded “flashing blues” in their rearview mirror, an indication that someone’s about to be pulled over. Hopefully it isn’t you.

At one point or another, just about everyone drives faster than the posted speed limit. Generally speaking, traffic enforcement officers give motorists some latitude – allowing motorists to drive between 5 and 10 miles per hour faster than what’s allowed for – but anything more than that and a ticket is probably in your future.

There’s no denying that speeding is a significant safety issue. In a poll conducted by the National Highway Traffic Safety Administration, nearly half of motorists said that they considered speeding to be a problem on the country’s roads. In 2013, nearly 10,000 people died in speeding-related highway accidents, accounting for almost 30% of all crash fatalities. And in most of these incidents, motorists were traveling faster than 55 miles per hour.

The overriding concern as it relates to speeding is that fellow motorists’ safety is threatened when exceeding the posted limit. To discourage the behavior, police officers issue traffic tickets. Usually costing at least $100, the overall amount typically depends on the state and how egregious the offense was, as driving 20 mph over the limit usually carries a more significant fine than going 5 mph over.

A speeding ticket has lasting effects. It can cause auto insurance premiums to increase for motorists who are convicted and attaches points onto one’s driving record. Accumulate too many, and it could result in a license suspension.

Every ticket lists what a driver’s options are should they be cited for speeding. The question is whether you should contest a ticket’s legitimacy or accept the punishment.  Here are a few things to consider:

Have The Facts

If you can establish proof that you were within range of the posted speed limit, then it’s worth your while to put up a fight. Occasionally, a police officer’s radar may be faulty or their memory may be different from yours. If you have corroborating evidence that demonstrates your side of the story, contesting a citation is worthwhile.

Consider The Consequences

When it comes right down to it, the validity of a traffic ticket is your word against theirs. Generally speaking, most courts decide in favor of the police officer, typically because they have proof that confirms their observation. Furthermore, even if you think you have a compelling argument, there’s no guarantee that the judge will decide in your favor. Thus, you can wind up spending hours in court hearings and paying legal fees if you hire legal counsel, on top of the cost of the original ticket citation.

Objectively Assess Your Situation

Most people who speed don’t have a good reason for it. But occasionally, the ends justify the means. For example, you may have been in a situation where you or a family member required immediate medical attention at a hospital. Alternatively, the flow of traffic may be faster than the limit, requiring you to exceed the limit, such as on the highway, for example. Generally speaking, though, there aren’t many excuses for speeding.

It’s in your best interest to adhere to the speed limit as closely as possible, both for the good of your safety and your auto insurance premiums. To learn more about how being a safe driver can lower your auto insurance costs, speak with an agent at Martinson Agency in Chaska, MN today!

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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The Worst Driver Behaviors

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The Worse Driver Behaviors

October 6th, 2016 — Martinson Agency LLC — Chaska, MN

Weather conditions, construction and vehicle breakdowns all present dangerous situations to even the keenest drivers. Perhaps the worst – and most preventable – hazard is another driver taking part in irresponsible activities. Bad driving behaviors can cause serious damage and not only put the perpetrator at risk but everyone else on the road as well.

Here are some examples of risky driving behaviors:

Cell Phone Use

The National Safety Council estimated that the following cellular device activities are among the most damaging in the country:

  • Texting: The group stated that texting accounts for 330,000 accidents annually in the United States, or roughly one-quarter of all calamities on the road.
  • General cell phone use: The NSC also reported that general cell phone use while operating a vehicle accounts for roughly 1.6 million accidents annually. This can include anything from making a call to using all sorts of apps, including games.

A separate study from the group found that attempts to take pictures, videos and other multimedia while driving are contributing to even quicker increases in automobile accidents across the country.

Tailgating

The Texas Department of Insurance cited a study from the National Highway Traffic Safety Administration that revealed just less than 25 percent of all accidents are rear-end collisions, accounting for around 950,000 injuries and 2,000 deaths annually. Not surprisingly, tailgating is an extremely common cause of these accidents.

Interestingly, the Myth Busters researched “drafting” as it impacts automobile efficiency. They proved that following closely behind a large 18-wheel truck can indeed help to improve fuel efficiency, but that it is incredibly dangerous to do so. According to those scientists, you have to be within 100 feet for it to really work, and 150 feet or less is a very dangerous following distance.

Driving Under The influence

The U.S. Center for Disease Control and Prevention estimated that alcohol-related accidents account for more than $44 billion in annual damages on American roads, as well as nearly 10,000 deaths. This is the most dangerous of all driver behaviors.

Drivers who never partake in these activities still need to drive cautiously and defensively to stay safe.  A huge part of driving responsibly is making sure that you are properly covered in the event of an accident. The Martinson Agency in Chaska, MN would be happy to review your current policy to be sure that you do not have any gaps in your auto insurance coverage.

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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Top Vehicles for College Graduates

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Top Vehicles for College Graduates

August 24th, 2016 — Martinson Agency LLC — Chaska, MN

While younger drivers might be most interested in a vehicle that conveys a sense of the style or sportiness they ascribe to, safety should really be the primary consideration for those who are just exiting college. This is due to the high rate of accidents among youthful drivers.

The U.S. Centers for Disease Control and Prevention, a government entity focused on population health management and safety, found younger drivers between 19 and 24 years old cause 28-30 percent of the damages related to motor vehicle accidents in America. This is despite the fact that they represent only 14 percent of the population.

With this in mind, let’s take a look at some of the safest vehicles available on the market today:

Subcompact The Insurance Institute for Highway Safety – a group devoted to roadway safety – ranked the 2016 Scion iA as the safest subcompact car in its 2016 Top Safety Pick rankings. This car is also highly fuel efficient and easy to maintain.

Small Sedan The 2016 Honda Civic 4-door was recognized by the IIHS as an exceptionally safe automobile. This is also a long-lasting, affordable vehicle, making it a great choice for younger drivers who look to get as much value as possible for their dollar.

Midsized Sedan The 2017 Ford Fusion is another affordable vehicle granted the highest possible safety rating from IIHS in this year’s awards.

Full-Sized Sedan The 2016 Toyota Avalon stood alone in the full-sized sedan category of IIHS’ power rankings for safety this year.

Small SUV If you’re on the adventurous side and need a car that will take you into the mountains, the 2016 Subaru Forrester earned a Top Safety Plus rating from the IIHS this year and is a highly affordable option available to younger drivers.

General Tips When seeking out a car and prioritizing reliability and safety, but wanting to browse a bit more, check out this chart from consumer expert Clark Howard on the vehicle brands that tend to offer the best experiences to owners.

Once you select the right vehicle for you, it will be time to get automobile insurance. Talk to your local independent agent at the Martinson Agency in Chaska, MN today about which coverage is best in accordance with your specific needs. We would be happy to quote multiple options to be sure that the insurance on your new vehicle is affordable.

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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Some Common Insurance Misconceptions

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Some Common Insurance Misconceptions

August 10th, 2016 — Martinson Agency LLC — Chaska, MN

According to numerous sources, a majority of individuals actually never read the entirety of their personal insurance policies. The fact is, if you do not know your insurance policy well, the risk of experiencing a personal financial loss rises. On the flip side, when you know your coverage, you will be better positioned to avoid a big financial mess.

Here are some matters to keep in mind when evaluating your policies:

  • Education is necessary: Insurance Journal, a publication dedicated to consumer and commercial insurance news, states that 52 percent of U.S. adults do not actually know how to best insure their homes.
  • Ask questions BEFORE you make a purchase: Many think that flooding is covered by their homeowners insurance, but this is not true in most cases; a separate flood insurance policy is normally required for this coverage to apply. This is just one example of a common mistake a consumer can make when making an insurance purchase. Make sure you understand your policy, including both what it does and does not cover.
  • Use replacement cost, not market value: Bankrate, a financial services publication, argues many homeowners will think they should base their home coverage limit on the market value of their homes. Experts suggest acquiring coverage in accordance with the cost of rebuilding the house from scratch, in the event of a total loss. This amount is often quite different from the home’s market value, which is dependent on market factors, location and more. A home’s rebuild value is determined based on features, construction materials, labor costs and more.
  • Know where responsibility falls in automotive accidents: The Insurance Information Institute, an insurance research organization, found car owners will often think their policies do not apply if drivers other than themselves get into an accident while driving their vehicles. In most states, it is the owner’s insurance that would apply, not the driver’s.
  • Do you know the meaning of “comprehensive coverage”?: Insurance Journal also noted that nearly one-third of adults believe comprehensive coverage actually protects them against any and all damages in auto insurance, but this is not true. A range of risks, such as a common collision, are usually not covered under the comprehensive portion of an auto policy.

These are just a few of the many misconceptions, myths and complexities involved in insurance that so many consumers fall victim to every year. Don’t wait for an unwelcome and expensive surprise – speak to your independent insurance agent at the Martinson Agency in Chaska, MN today!

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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Price Shopping Can Cost You Coverage

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Price Shopping Can Cost You Coverage

July 14th, 2016 — Martinson Agency LLC — Chaska, MN

Insurance is a critical centerpiece of risk management for consumers, yet many tend to seek out the biggest bargain around. Individuals need to be clear on what they will sacrifice for those savings. Simply put, if an insurer emphasizes savings over every other consideration, they are likely not providing coverage options or limits that many customers need to adequately insure their assets – and their very piece of mind.

Shopping based solely on price can lead to devastating consequences.

A few of the common areas that will be missed in cheap personal insurance packages include:

  • Original equipment parts for your car: Do you want aftermarket body panels used as part of a covered claim repair to your newer car?
  • Lower deductibles: Some carriers might default you to a deductible higher than you want or can afford in the event of a loss to your home or vehicle.
  • Higher liability limits: Think about the total value of your assets and all you could lose if you’re sued. Some carriers commonly offer low liability limits to keep prices down – which could leave you heavily exposed.
  • Replacement cost for your home: Should a total loss happen to your home, it’s typically covered for what it is estimated to cost to rebuild it. Are you covered if the actual construction cost to rebuild is greater than the coverage limit stated on your policy?
  • Cash out option: If your home is totally destroyed, will your carrier give you a cash settlement if you decide not to rebuild it?

Expert David Ramsey once noted that individuals who are purchasing cheap insurance will all too often receive the coverage they paid for, with glaring omissions increasing their risk of substantial loss immensely.

Considering the fact that insurance is meant to be a central piece of risk mitigation and continuity, leaning toward convenience and speed rather than comprehensive coverage and accuracy can be a dangerous game. The balance between the coverage you need and can afford is rarely struck with a cookie-cutter approach.

Instead, make sure you are working with an independent agent, as specialized support and expertise can help to ensure that all potential risks are covered and you are not one major event away from potential economic disaster. By putting the effort into the analysis of risks and carefully finding the most affordable coverage for your specific needs, you can cover your bases while still not necessarily breaking the bank.

Give the Martinson Agency in Chaska, MN a call today for any of your insurance needs!

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com

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