Maple Grove Homeowners Insurance

Your Complete Guide to Maple Grove, MN Homeowners Insurance

Find the right homeowners insurance policy for you.

The rapidly growing city of Maple Grove is home to more than 71,000 people. Residents are attracted to this city because of its low crime rate, ample shopping, state-of-the art medical facilities, and cultural attractions. If you are among the proud homeowners in this Minnesota city, you will want to be sure to safeguard your investment with a solid home insurance policy. 

When you are shopping for insurance for your Maple Grove home, an independent insurance agent can help you find the best and most affordable policy. Contact an agent near you to learn more.

How Much Does Homeowners Insurance Cost in Maple Grove?

  • National yearly premium average: $1,173
  • Minnesota yearly premium average: $1,323
  • Maple Grove yearly premium average: $1,532

Minnesota is the 13th most expensive state for home insurance. In Maple Grove, where property values are higher than average for the state, rates run on the higher side. Fortunately, with some savvy shopping, you can find a competitively priced policy that is right for you.

Your actual rates may be calculated based on several factors such as the age, size and value of your home, the crime rate and weather risks in the ZIP code where your house is located, and, potentially, even your credit score

If you bundle your home insurance with another policy like car insurance or life insurance, most insurance companies will offer all of the coverage at lower rates. An independent agent in Maple Grove can help you find a comprehensive home insurance policy that’s offered at a competitive rate.

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Burglary Rate in Maple Grove, MN

The burglary rate in Minnesota is lower than the national average, and in Maple Grove, the rate is very low. That is not to say that the threat is nonexistent in this city. Residents of Maple Grove report about 120 burglaries each year — that’s 10 a month.

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in MN: 3.37
  • Number of burglaries per 1,000 homes in Maple Grove: 0.38

If your house is broken into, your home insurance company can reimburse you for your losses. Be sure to keep a copy of the police report ,because you will need it when you file a claim.

Keep in mind that home security systems make excellent theft deterrents. Many insurance companies offer discounts to policyholders who have burglar alarms installed in their homes. Your independent agent can explain more about this as well as other potential policy discounts.

Catastrophic Events in Minnesota

Your homeowners property insurance is divided into two parts: structural, to cover the structure of your home; and contents, to cover your personal property. You will want to be sure to have enough coverage in each category so that you can afford to rebuild and replace if your house is badly damaged by a catastrophic event like a structure fire, severe weather, or freezing pipes.

  • Number of declared disasters in Minnesota: 60
  • Average number of tornadoes per year in Minnesota: 41.9
  • Average amount of property damage per year in MN: $897,178,000
  • 1 in 15 insured homes has a claim each year.

Homeowners insurance is designed to cover you against many of the hazards you are likely to face as a property owner in Maple Grove. However, it will not cover you against floods, and many homes in this city are at risk for flash flood damage. Fortunately, your independent agent can help you secure a supplemental flood insurance policy.

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Liability Coverage for Maple Grove Homeowners

Your home insurance can provide coverage if a tree on your property falls onto your neighbor’s car, or if your dog attacks and severely injures a jogger, or if a visitor to your home trips on a loose stair tread and suffers a sprained back. All homeowners insurance policies include liability insurance, which can cover damages as well as any associated court costs and legal defense fees. 

Some homeowners in Maple Grove want more liability coverage than their home insurance can provide. An affordable umbrella insurance policy can boost your liability coverage to much higher levels to help you further protect your assets.

Because of the increased liability risks, your home insurance company may charge you more if your property includes a swimming pool or if you own a dangerous breed of dog. You can learn more by talking to your independent insurance agent.

Second Home and Vacation Home Insurance

Some residents of Maple Grove own more than one house. When you are insuring a property that is not your primary residence, insurance companies take additional risk factors into consideration. Often, this results in an increase in coverage rates.

Second homes that are occupied by tenants have higher liability risks and need to be covered by landlord insurance policies. Vacation homes that are left unoccupied and unattended for long periods have higher risks of property damage and may need to be covered by vacant home insurance.

Your local independent agent can identify the various coverage needs associated with all of your properties, and will help you find the best and most affordable insurance policies to cover them.

Why Work with an Independent Insurance Agent?

Independent insurance agents make it easy to comparison shop for the best insurance policies to meet all of your coverage needs. Find an agent in or near Maple Grove to learn more, and start comparing quotes for customized, competitively priced homeowners insurance.

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