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The Importance of Renter’s Insurance

Posted on by Martinson Agency

The Importance of Renter’s Insurance

July 7th, 2017 — Martinson Agency LLC — Chaska, MN

Clients often think they don’t need renters insurance — “Nothing I have is worth that much,” they’ll say, or “I don’t have a lot of stuff.”

That’s how most people think of renter’s coverage: protection for stuff, and nothing more. After all, it’s inexpensive and it doesn’t even cover the structure itself. So how important can it be, especially if you don’t think you have anything valuable to protect? You just have to stop thinking only about “stuff.” Here are three key financial protections a renters policy provides:

Personal Property Coverage:

Wait, doesn’t this mean your stuff? Well, yes. But really, this coverage protects your finances. Even if you don’t think you have anything valuable, take a minute and mentally add up everything you own (note that if you do have any high-value items, such as jewelry or heirlooms, you may need additional coverage). Now imagine how much it would cost to replace it all. It’s probably a higher number than you thought — and that’s why renters insurance is so important.

Personal Liability Protection:

If someone trips and injures themselves in your unit, they could sue you. If your dog bites one of your guests, they could file a law suit as well. Yes, lawsuits happen — even among friends. Renters insurance can help cover legal expenses and even judgments against you. (Some dog breeds may disqualify you from coverage, so be sure to inform your agent of all dogs in the household.)

Loss of Use Coverage:

What would you do if a fire or other issue forced you out of your home? You’d have to find a temporary place to stay, for weeks or even months in some cases — which might cost you more than your normal rent. Loss of use helps cover that and other additional expenses.

Call your local independent agent at the Martinson Agency in Chaska, MN today to compare current coverage options and get all of your questions answered!

Martinson Agency LLC – Chaska, MN

Phone: (952) 314-4400

Email: jphagen@aibme.com

LeBron James: Insuring His Financial Future

Posted on by Martinson Agency

LeBron James: Insuring His Financial Future

June 1st, 2017 — Martinson Agency LLC — Chaska, MN

Tonight is the beginning of the 2017 NBA Finals and LeBron James is just four wins away from his 4th NBA Championship. Before winning MVP awards, breaking NBA records, and winning NBA titles, LeBron was a highly publicized high school athlete. Like many top ranked high school seniors he was scheduled to play in the 2003 McDonalds All-American Game.

LeBron was a virtual lock to be the number one pick in the 2003 NBA Draft. His initial contract would pay him 13 million dollars over three years. Because of this, he purchased a 10 million dollar insurance policy ensuring that if he suffered a career ending injury he would be compensated for potential wage loss. All-Star Game director Bob Geoghan believed this to be a smart decision stating “If I was him, I’d probably want the same thing. While the chances are slim that he would [suffer] a career ending injury, it’s something to think about.”

LeBron James and his representatives made sure to protect his financial future with an insurance policy. Make sure you do the same. Auto, home, and life insurance can help ensure that your financial future is protected. Call the Martinson Agency in Chaska, MN to learn more today!

To find out how more celebrities and athletes have protected themselves click here … Popular Celebs Insure More Than Cars and Houses

Phone: (952) 314-4400

Email: amartinson@aibme.com

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Popular Celebs Insure More Than Cars and Houses

Posted on by Martinson Agency

Popular Celebs Insure More Than Just Cars and Houses

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

Most people believe that insurance only relates to things like your cars, home or business. Celebrities however, take insurance to a completely different level. We thought it would be fun to share a few examples of popular celebs who have insured their body parts in an effort to protect their money maker.

Trou Polamalu – Troy is a well known retired NFL player who spent 12 seasons with the Pittsburgh Steelers. He was famous for being a great player but his three-foot-long hair also turned him into one of the most recognizable players in the league. Because of this, Head & Shoulders hired him to endorse their shampoo. Considering all of this, Troy has those beautiful flowing locks insured for 1 million dollars.

Mariah Carey – Mariah is a five time Grammy winning artist and believe it or not she is also the celebrity with the highest valued legs. She currently has her legs insured for 1 billion dollars. That’s right, billion…with a B.

Bruce Springsteen – No one can belt out “Born in the USA” quite like Bruce Springsteen. Because of this, “The Boss” has his unique vocal chords insured for 5.7 million dollars. Not a bad pay day if Bruce suddenly loses his ability to rock out.

Julia Roberts – Julia is an Oscar winning actress with a million dollar smile, literally. We should probably be a bit more specific, it is actually a 30 million dollar smile. That’s right, Julia Roberts has her smile insured for an astounding 30 million dollars.

Gene Simmons – You know this one right? Mr. Simmons is a bass player for the band KISS. When KISS was at its peak Gene seemed to recognize the value of his signature move; sticking out his ridiculously long tongue. In order to protect himself against the loss of this move, he purchased one million dollars in coverage on that disgustingly valuable skill set.

As you can see, insurance is a valuable resource for far more than just your car, home or business. Obviously, many of us will never have to worry about insuring our tongue, but that doesn’t mean you shouldn’t take a long look at your assets prior to purchasing the first policy you stumble across. Contact your friends at the Martinson Agency in Chaska, MN for a comprehensive review of your insurance needs.

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

Phone: (952) 314-4400

Email: jphagen@aibme.com

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New Carrier Alert: Acuity Insurance

Posted on by Martinson Agency

New Carrier Alert: Acuity Insurance

November 5th, 2015 — Martinson Agency LLC — Chaska, MN

We are proud to announce that we have added a new carrier to our stable. We are now appointed with Acuity Insurance based out of Sheboygan, Wisconsin to write home, auto, umbrella and commercial insurance policies. Acuity offers a great selection of products and we wanted to take a moment to share some facts about our new partnership.

Facts about Acuity:

  1. 96% of claimants rate the award winning claim service as “very good” or “excellent”.
  2. Acuity was named the #3 large company to work for in America.
  3. Rated A+ by both AM Best and Standard & Poor’s
  4. Acuity has been in business since 1925 and is listed as the 62nd largest insurer in the nation, with over $3.5 billion in assets.
  5. They write a broad spectrum of property and casualty coverages for families and businesses in 24 states including Minnesota and Wisconsin.
  6. Named to Ward Financial Group’s list of the 50 best run insurance companies in the nation for 15 straight years.
  7. Named one of the top 500 technology companies in the nation by Information Week.
  8. Won more ACORD technology awards than any other carrier in the country in the past 13 years.
  9. With turnover of less than 2%, they attract and retain motivated, experienced and dedicated professionals who are looking to develop a long term relationship with you and your family.

If you are interested in having our agency provide you a quote from Acuity Insurance please contact us at (952) 314-4400 or visit our website, www.martinsonagency.com today!

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

Phone: (952) 314-4400

Email: jphagen@aibme.com

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Driving Under the Influence Will Cost You

Posted on by Martinson Agency

Driving Under the Influence Will Cost You

September 25th, 2015 — Martinson Agency LLC — Chaska, MN

Nothing good comes from getting behind the wheel of a car while you’re intoxicated. You put other people as well as yourself in danger. Also, if you are pulled over, you will be faced with numerous fines and future expenses. Increased cost of your auto insurance is just one of those expenses.

What kind of impact will a DWI have on your car insurance premium? It can cause your rate to be increased by more than three times what you are currently paying. Many companies will even terminate your coverage and make you find an auto insurance policy elsewhere. You should know that depending on the carrier it can take up to FIVE years before your policy can be rewritten. Also, in certain states, penalties for a DWI can double if your BAC (Blood Alcohol Content) is over a .16.

The best way to avoid a DWI violation is to refrain from driving after you have been drinking. (DUH!) If you have been drinking you should consider having a designated driver, calling a taxi or even riding the bus in order to get from once place to another. Any of these options will make the road a safer place for not only you and your friends, but for the entire community as well.

Call Martinson Agency in Chaska today with any further questions you may have about acquiring auto insurance after getting busted for a DWI violation. We have numerous resources available for you and have tons of experience dealing with policies written specifically for individuals with a DWI on their record.

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

Phone: (952) 314-4400

Email: jphagen@aibme.com

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