The subject of insurance can be confusing for some people. In an effort to help, we have pulled together some frequently asked questions about insurance that may be useful to you. Have a question that we haven’t answered here? Contact us with your questions about insurance and we will get back to you with an answer!
Do I need a life insurance policy?
Yes, almost everyone should have a life insurance policy. Life insurance protects your family from not having your income and helps them remain financially secure. Learn more about what MG Insurance offers for life insurance here.
How do I know that I am getting the best insurance rate?
Shopping around is a great idea. The nice thing is that when you work with MG Insurance Agency, we shop around for you. We don’t just represent one company, but a dozen trusted insurance companies. We can get multiple quotes from different companies for you, so you can compare rates conveniently.
Is doing a home inventory really necessary?
We know that doing a home inventory is a lot of work. But, if you have to do it after a natural disaster or fire, it is even harder because you need to remember all the items and it can be stressful. Having a home inventory and good records also help you to prove your losses and get paid from your insurance company faster.
How often should I meet with my insurance agent?
It’s a good idea to review your insurance policy at least annually to see if anything needs to be adjusted. If you have any major life changes (new driver, new job, divorce, etc.) you should also let your insurance agent know. Here are some more reminders for when to talk to your insurance agent.
How can I save money on insurance?
There are many ways to save money on insurance including bundling insurance, encouraging teens to get good grades, having a good credit rating, and paying your insurance annually. Learn more about ways to save money on insurance here.
Do I need special insurance if I am renting my home short-term or long-term?
Yes, please let us know if you are renting your home as the insurance coverage and rates would be different. We want to make sure you are protected. Home-sharing, like AirBNB or VRBO does have special insurance available.
If anything were to happen to me, I am concerned that my spouse would not be able to pay the mortgage. Is there an insurance product for that?
Yes. Mortgage Protection Insurance is versatile and can be used in the case of serious illness, not just death. If you are seriously ill or injured and unable to work, your mortgage life insurance will become active and pay off your home loan. Mortgage Protection Insurance is also less expensive than Life Insurance.
As a farmer, I am looking for the best ways to protect my farm and crops. What are my options?
Talk to Christian at MG Insurance Agency about farm and crop insurance from Silveus, NAU Country and Famers Mutual Hail. Many of our customers choose crop insurance products to include Crop Hail Insurance, PriceFlex, Increased Coverage Election (ICE), and Base Price Modifier (BPM).
The Team at MG Insurance can help make insurance easy for you!
Questions about insurance? Stop in our downtown Willmar office, contact us online, or give us a call at 320-235-9394. We may be able to help you save money on insurance just by providing you with a quote to compare with your current rates and coverage. Let’s talk!