Blaine Homeowners Insurance

Your Complete Guide to Blaine, MN Homeowners Insurance

Let an independent insurance agent help you find the best and most affordable home insurance policy.

Blaine, MN is home to about 65,000 people. With its beautiful parks and walking trails, great shopping, recreational facilities, and easy commute into Minneapolis-Saint Paul, it is little wonder that Blaine is one of the fastest-growing cities in the state.

If you are among the proud property owners in this vibrant city, you can protect your investment with a solid homeowners insurance policy.

Independent agents in Blaine can help you find a comprehensive, yet competitively priced, home insurance policy. Find an insurance agent near you to get more information and to start reviewing customized quotes.

How Much Does Homeowners Insurance Cost in Blaine, MN?

To get an idea of how much a policy will cost you, let’s look at some averages:

  • National average yearly premium: $1,211
  • Minnesota average yearly premium: $1,348
  • Blaine, MN average yearly premium: $1,281

Of course, your quoted costs are likely to vary from these figures because home insurance rates are based on several factors such as:

  • The age, size, and value, of your house
  • The type of home you are covering (e.g., single-family detached, condo, manufactured home, vacation home, etc.)
  • The number of stories your house has and whether it has a basement
  • The amount of coverage you are purchasing
  • The crime rate and common weather hazards in your ZIP code
  • Your claims history and credit score
  • The size of your deductible

If you bundle your home insurance with other policies like car insurance, you can often get all of your coverage at discounted rates. An independent agent in Blaine can help you find a great home insurance policy at a competitive price.

Blaine Homeowners Insurance Covers Your Property

Homeowners insurance is designed to cover loss or damage to the structure of your home (dwelling coverage) as well as to the personal property inside it (contents coverage).

You will want to be sure that your coverage limits are high enough to allow you to rebuild, repair, or replace damaged property if your home is significantly damaged by a catastrophic event like a fire or a tornado.

Catastrophic events in Minnesota

  • Number of federally declared disasters in Minnesota: 83
  • Most common causes of disasters in the state:  Floods, severe storms, and wildfires
  • Average number of tornadoes per year in Minnesota:  45.0
  • Average amount of property damage per year in MN:  $897 million
  • 1 in 15 insured homes has a claim each year.

Tornadoes are not a frequent occurrence in Blaine, but when they happen, they can be quite destructive. The worst to strike in the area was an F4 twister that touched down just 1.9 miles from the Blaine city center in 1965, causing several millions of dollars’in damage.

In addition to tornadoes, residents of Blaine are most likely to experience property damage caused by severe storms, strong winds, hail, heavy snows, and freezing temperatures. Fortunately, each of these hazards is covered by most home insurance policies. Talk to your insurance agent to learn more.

A Word about Flood Damage in Blaine

Be aware that although home insurance covers against most common weather-related hazards, it does not cover damage caused by floods.

Residents in designated flood plains are most at risk, but flooding can happen anywhere, especially when winter snows melt and when severe storms bring prolonged, heavy rains to the area. These events can cause drainage systems to become overwhelmed, and this can lead to flash flooding.

Fortunately, a local independent insurance agent can help you purchase a supplemental flood insurance policy through the National Flood Insurance Program (NFIP) so that your property is covered against this risk. Flood insurance policies take 30 days to go into effect, so do not wait until heavy rains are on the way to buy a policy.

Homeowners in Blaine Need Liability Insurance

Homeowners insurance does more than just cover your property. It also provides you with a significant amount of personal liability coverage.

Homeowners liability insurance is designed to absorb expenses like court costs, legal fees, and damages when they are associated with a covered liability lawsuit. Examples of times that you may need to use this liability insurance include if:

  • A visitor to your home suffers a serious injury in a fall that can be attributed to negligence of upkeep on your part.
  • You are responsible for injuries or property damage to another while you are away from home, such as if you accidentally hit someone with a disc during a friendly game of disc golf at Lochness Park.
  • Your dog manages to get loose and bites a delivery person.
  • Your child accidentally breaks your neighbor’s window while playing baseball with friends in the yard.
  • You find yourself being sued for libel or slander.

Most insurance companies offer between $100,000 and $500,000 in liability insurance. If you want to have even more coverage than your home insurance policy provides, a local independent agent can help you find an affordable umbrella insurance policy as well.

Homeowners Insurance Covers against Property Crimes in Blaine

The burglary rate in Minnesota is lower than the national average. And in Blaine, the rate is even lower. This does not mean that the risk does not exist. Residents of this city report about 150 burglaries a year.

  • Number of burglaries per 1,000 homes in the US: 3.76
  • Number of burglaries per 1,000 homes in Minnesota: 2.88
  • Number of burglaries per 1,000 homes in Blaine: 2.38

If your house is broken into, you may find it comforting to know that your homeowners insurance can provide compensation for your losses as well as for any property damage the burglar may have caused. You will need to have a copy of the police report when you file a claim.

Your local insurance agent can help you review your policy’s contents coverage to ensure that your most valuable belongings are appropriately covered.

What about Insurance for Second Homes and Vacation Homes?

Maybe you own a second house nearby that you rent out to students at Rasmussen College. Or perhaps you own a vacation property in a warmer climate.

Whatever their purpose, if you have more than one residential property, you may be required to cover these extra houses with specialized homeowners insurance coverage. 

  • If you have invested in a rental property for extra income, your contents coverage needs will be lower, but your liability and structural damage risks will be higher than they are for your primary residence. This type of home would need to be covered by landlord insurance.
  • If you own a vacation house, and the property is left empty and unattended for several months out of the year, your insurance company may require you to carry vacant home insurance during the times that the property is unoccupied.

Whatever your circumstances, a local independent agent can help you find the best insurance coverage for all of your residential properties.

Why Work with an Independent Insurance Agent in Blaine, MN?

Independent insurance agents live and work in your community, so they understand the risks you face as a homeowner in Blaine. These agents work for you instead of for a specific insurance company. This means that you can count on them for trustworthy advice and guidance when you are shopping for the best and most affordable insurance products.

Contact an insurance agent with an office near you to learn more. You will soon discover how easy it can be to compare customized, competitively priced home insurance quotes from a variety of top-rated insurance companies.

Share this page on Twitter Share this page on Facebook Share this page on LinkedIn

TrustedChoice.com Article | Reviewed by Jeffrey Green

©2021, Consumer Agent Portal, LLC. All rights reserved.

https://www.city-data.com/city/Blaine-Minnesota.html
http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov