CALL US:
651.633.0408
TEXT US: 651.565.7258
deanolson@aibme.com

Love Bites-Get Umbrella Coverage

In today's economy, everyone is pinching pennies.  So why worry about umbrella coverage?  Shouldn't a home and auto policy leave you adequately covered? 

 

Unfortunately, we live in a world of lawsuits.  Large damages can be awarded, be extremely expensive and have long-term financial impact.  Those lawsuits can come from unlikely sources, such as our furry friends.

 

Take Herschel for instance.  Herschel is a much-loved, rather timid labradoodle who enjoys taking naps on the driveway while his owner mows the lawn.

 

Herschel watched from eight feet away as his neighbor, a 39 year old man, showed off his rollerblading skills to his kids.  The man wiped out on the sidewalk in front of Herschel's house and broke his leg.  He required surgery, costing around $35,000 in medical costs and $18,000 in lost wages.

 

Fair or not, the man brought a lawsuit against Herschel's owner, suing for $220,000 in damages.  He alleged that Herschel had caused the accident by getting in his way, despite multiple witnesses to the contrary. 

 

But Herschel's owner was lucky--a jury vindicated Herschel. However, lawsuits such as these can easily exceed the limits on a homeowner's policy, leaving the insured responsible for the remainder.  An umbrella policy would prevent that, giving you an extra $1 million to $5 million in coverage.

 

Our furry friends can put your assets at risk in other ways as well.   According to the Center for Disease Control and Prevention, 4.7 million people are bitten by dogs each year, with half of those occurring on the owner's property.  Dog bites, according to the Insurance Information Institute, account for about a third of all homeowner's insurance claims, which only cover limited damages.

 

 Protect what you love.  Call us to talk about your umbrella options.  

 
 

Seven Shopping Strategies for New Car Buyers 

 

New car shopping can be a lot of fun, especially if you're a car enthusiast. But others can find the experience stressful and tedious. Either way, there's a lot to think about. According to a survey of car shoppers, overall purchase price is the most important factor when shopping for a new car (46 percent), followed by make and model (31 percent).

 

Safety and performance come in a distant third, tied at seven percent. But whether you're turned on or turned off by the dizzying array of car choices, trim options, "expert" reviews, incentives and other deals, it definitely pays to approach car buying strategically.

 

So if you're in the market for a new vehicle and you find yourself having trouble keeping a clear head, just keep these strategies in mind:

 

1. Decide how much money you can spend and what type of vehicle best suits your needs. Just looking for the basic transport capability of a small or medium sedan? Or do you need the hauling capacity of a van or SUV? Something practical? Something sporty? Something in between?

 

2. Research crash tests and accident data available from the Insurance Institute for Highway Safety.

 

3. Shop around for financing. If you can, apply for and get approval for a loan from a bank, credit union or other financier before you even visit the dealership. Being a "cash buyer" gives you an advantage when you do finally meet with the dealership's financing person.

 

4. Test drive the car. Try to drive in conditions that will be similar to those under which you'll drive every day.

 

5. Check pricing for your desired make and model at two or three dealerships and use that information to help you negotiate the best deal.

 

6. Get a firm quote, in writing. This should include not only the cost of the car, but any fees and the sales tax.

 

7. Inspect your new car carefully before driving off the lot. Make sure all the options you've ordered are included and that the body and paint are free of scratches or dents.

 

Finally, it's important to consider the cost of auto insurance, although it seems that few people realize that what they pay for insurance can add significantly to the vehicle's total cost.

 

The States With the Rudest Drivers

According to a survey by Insure.com

1. Idaho

2. Washington D.C.

3. New York

4. Wyoming

5. Massachusetts

Our Location

Dean Olson Insurance Agency

Dean Olson Insurance Agency

3570 Lexington Ave North Suite 201
Shoreview, MN 55126
Main office: 651-633-0408

Our Providers

“I never doubt Dean's integrity, meaning he is working to find the best product that meets my needs at the best price.”
Mary Daniel
“Dean is always quick to respond and offer the most helpful advice! I know he is always looking out for our best interest!”
Nicole Demuth
“Dean, you are thoughtful about the policies you offer. They make good sense for my needs. You also provide outstanding service. Lastly, you are very personable and a pleasure to work with.”
Louis Tschudy
“When we unexpectedly had a problem with our auto coverage, it was very helpful to be working with an insurance broker who had experience and knowledge of multiple insurance companies. Dean was very thorough and worked with us on a tight timetable, following our move to the area.”
Ross Johnson
“Dean has always been very good with all our insurance needs always gets us the best price possible and takes his time talking with us always prompt getting back to us.”
Glenn Swanson
”Dean takes the time to explain complicated insurance issues in plain language. He learns about your individual situation and helps you to pick the insurance that's right for you, and that something you can't get from a website or an app.”
Conrad Workman
“Newer customer who left American Family after 30 years due to service. Met with Dean and he reviewed my existing coverage and sourced multiple companies to find the better coverage and provide cost savings over my old coverage.”
Jan Aamodt
“I’ve learned more from Dean about insurance than I’ve ever learned before. He has patience to answer questions and I feel like he truly looks out for my best interest!”
Rhonda Gasiorowski
“For two decades we have been working with you on all our insurance needs. Always we have received timely service, great info and high quality product at a fair price point.”
Oliver Papp
“Dean has been easy to reach for questions, extremely kind and caring in explanations, and great about helping me with the best insurance options available.”
Michelle Horn
“Dean is always helpful. Always answers questions honestly and immediately always great advice.”
Mary Kappel
“You have always been available to answer any questions or needs we might have. You compared and found us the best cost effective insurance for our needs.”
Gary Savage
“I have recommended you to my son and others. Thanks!”
Stephanie Nustad