☰ ˟
Contact Us Today / 651-633-0408
Text Us: 651-565-7258
Logo
  • Home
  • Get a Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Auto GAP Insurance Quote
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
    • Homeowners
    • Life
  • Customer Service
    • Automobile
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Homeowners
  • Blog
  • Auto Basics
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Join Our Newsletter
    • Contact Us
What type of coverage do you need?
Home > Newsletter > Winter 2017


Winter 2017 Newsletter
 

 

Dean Olson

3570 Lexington Ave N #201
Shoreview, MN 55126

651-633-0408 | deanolson@aibme.com 

deanolsonins.com

 

 
 

 

Find me on Google+

 


 

 

Imagine how devastating it would be to lose your home in a fire. Now imagine not being able to rebuild it completely because you didn't have the correct amount of insurance.

 

Selecting the proper amount of coverage is the single most important decision you can make with your Homeowners policy. Without it, you may not have enough coverage to rebuild after a total loss. This is called "insurance to value." Below are some explanations and tips to help you make the right choices for your needs - and remember, if you need help, I'm just a phone call away!

 

What is insurance to value?

Insurance to value is the relationship between the amount of coverage selected (typically listed as "Coverage A" or "Dwelling Coverage" on your policy declarations page) and the amount required to rebuild your home.  Insuring your home for anything less than 100% insurance to value could mean you wouldn't have enough coverage to replace your home in the event of a total loss.

 

Why is the cost to rebuild different from the market value?

A home's market value reflects current economic conditions, taxes, school districts, the value of the land and location, and other factors unrelated to construction cost.  The cost to rebuild your home is based only on the cost of materials and labor in your area.  It is important that you insure your home based on its reconstruction cost, NOT its current market value.

 

Why is reconstruction more expensive than new construction?

New-home builders typically build many homes at once, and solicit bids from various sub-contractors to receive the best pricing. Their business model is based on economies of scale. For example, they may purchase 20 bathtubs at once, securing a lower unit cost. These economies of scale don't exist when building a single home.

 

How can I make sure I have the correct amount of insurance?

Work with your agent to provide detailed information at the time of purchase to be sure that you receive a thorough and accurate quote. 

Ask us about additional coverage options that may be available.

Review your insurance to value calculation on a regular basis with your agent.

Tell your agent about any changes or improvements that you make to your home. 


 

 

With winter weather upon us, it's important to check the fluids in your vehicle. Learn the basics with this short video from Progressive.

We'd be honored to work with your friend or family member. If you know anyone that needs an independent agent on their side, please have them contact us, or send us their info

 

 

 

 

Find me on Google+


 

 


 Dean Olson
 651-633-0408

The greatest compliment is a referral. If you know someone who could benefit from my services, please send me their information or have them contact me.
 

Refer a Friend

 
 
 

 

Our Customer Feedback

Read More

Our latest blogs

Carrier Carrier Carrier Carrier Carrier Carrier Carrier
Dean Olson Insurance Agency
3570 Lexington Ave North Suite 140
Shoreview, MN 55126

Phone: 651-633-0408
Fax: 651–304–1511 
We've successfully served hundreds of customers and are determined to treat each individual with respect and compassion. Shopping for insurance can be difficult, but our staff does the work for you. Maintain your peace of mind knowing that our insurance professionals have your back.
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Latest News/ Join Our Newsletter/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Make a Payment/ Insurance Glossary/ FAQs
Icon Icon
Icon Icon Icon
Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder