Blog: Insurance Tips and Advice

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How to Buy Homeowners Association Insurance

Posted by Irina Ganyo on September 16, 2017
Homeowners AssociationTwin Cities metro area, Minnesota

Buying Homeowners Association Insurance is an important decision the board has to take because of the role it plays in risk management. There are various important steps the board has to follow.

Step 1 -Early Preparation: It is important to begin early, at least 90 to 120 days prior to the renewal date. Start by getting the loss histories of all insurance carriers who have provided coverage for the Homeowners Association for the past three to five years

Step 2 – Check Accuracy of Loss History: There are so many ways the loss history can be inaccurate. For example; the loss can be attributed to a different insured, or it could continue to appear on the loss history even though the insurance carrier has successfully commutated it. It is very necessary to take note of these inaccuracies

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7 Steps to Purchasing Condo Master Policy Insurance

Posted by Irina Ganyo on September 16, 2017
condo association Twin Cities metro area MN

It is important that before purchasing Condo Master Policy Insurance, the following steps must be put into consideration;

  1. Since the Condominium Master Insurance Policy in Minnesota varies from company to company, so do their premiums vary. It is important to research Condo Association Insurance Companies before buying Homeowners Association Insurance.
  2. Getting an independent Condo Association Insurance agent who has vast knowledge on Homeowners Association Insurance. It is also important to study Condo Insurance Policy thoroughly to ensure that your policy has the full package (fire and hazard, employee dishonesty, general liability coverage etc.)
  3. Ensure to always consult your Condo Association Insurance agent to see if you need additional coverage. For example, the earthquake coverage would be needed in areas likely to have earthquakes
  4. Determine what your premium should be with your agent so as not to pay more for less.
  5. Let all Condo association members know that the policy does not cover their personal belongings.
  6. Ensure that the condo board of directors is approved as employees to enable them to benefit from the employees’ dishonesty coverage of the homeowners association insurance.
  7. Purchase Condo Master Policy Insurance.

Types of Homeowners Insurance Policies

Posted by Irina Ganyo on July 15, 2017
Different types of home insurance for different types of home

Understanding Different Types of Homeowners Insurance Forms & Types of Homeowners Insurance Coverage

Home insurance is basically to protect not just your personal properties, but also the building. Although no amount of money can replace memories you have shared, your family pictures, the matching plates, your grandfather’s favorite coffee table, or the energy and time you have invested decorating your house and turning it into a home. Home insurance is created to help you start all over from a fire, storm or theft. You do not need to start looking for funds to begin afresh.

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Minnesota Storm Damage Claim | Tips on insurance

Posted by Irina Ganyo on July 15, 2017
Minnesota storm - be prepare to fill a claim

7 Things to Know About Minnesota Storm Coverage and Damage Claim

Sometimes there can be severe storms in Minnesota, which is why homeowners should get homeowner’s insurance to cover their house and property if these cause damage or loss. Having the right kind of home insurance and auto insurance can make the difference between being able to get the damage repaired through your insurance and having to spend money out of your pocket to get it done.

Here are some tips to assist homeowners if they are anticipating putting in a damage claim for their home insurance to pay for storm damage and loss covered by their insurance:

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Advice and tips to homeowners hiring a roofer

Posted by Irina Ganyo on July 9, 2017
Homeowners insurance depends on the condition of your roof. This tips and advice to protect and secure your home and the cost of your homeowners insurance.

Tips for choosing a roofing contractor

A roof is an important and integral part of your home. Its primary purpose is to protect and secure your home and the cost of your homeowner’s insurance depends on the condition of your roof. Nevertheless, roofing your home is a serious investment and no matter how old or new a roof is, it’s important for homeowners to perform regular maintenance. Knowing the vital role of a roof helps you to understand the importance of hiring a professional roofer. However, knowing the best roofer to hire for your home can be an uphill task. The Greg Ganyo Insurance Agency will not only give tips and advice that will help homeowners choose the best roofer for your home but will also give you clues on how to extend your roof lifespan.

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