Minnesota Homeowners Insurance

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Protect Your Home with MN Home Insurance

Minnesota homeowners insurance Many people visit Minnesota to shop at the largest mall in the country. But if you live here, you know The Land of 10,000 Lakes has so much more to offer.2 With five national parks and more shoreline than California, there are always activities to enjoy in The Gopher State.3 But summer only lasts so long, and the warm months turn to snowy winters.
 
The weather in Minnesota can be great for boating or skiing, but it can also bring conditions you need to protect your home against. That’s why you need Minnesota homeowners insurance to help keep your home covered for property damages and claims.  The AARP® Homeowners Insurance Program from The Hartford1 can provide the coverage you need to protect your home if the unexpected happens.
 

Standard MN Home Insurance Coverages

Home insurance policies vary between homeowners insurance companies and are based on each homeowner’s unique needs. So, whether you live in Minneapolis, Saint Paul or Duluth, your home insurance policy will probably be different than your neighbor’s. Even though they differ in price, most MN homeowners insurance policies provide:
 
Dwelling coverage, which includes your home and the structures directly attached to it, in addition to your electrical wiring and plumbing systems.
 
Personal property coverage to help protect your personal belongings such as furniture, clothing or appliances if they’re damaged or stolen.
 
Other structures coverage for help protecting your structures that aren’t directly attached to your house, such as sheds or fences.
 
Loss of use coverage, which pays your living expenses up to your coverage limits if you can’t live in your home after it’s damaged from a covered loss.
 
Liability coverage, which pays for claims if someone, who is not a resident of your household sues you for causing an injury or property damage.
 
Medical payments coverage, for help paying medical bills if someone gets hurt on your property.
 
ProtectorPLUS Zero Deductible Benefit waives your homeowners base insurance deductible (up to $5,000) if there is more than $27,500 of damage from a qualifying loss.
 

Add-On Minnesota Home Insurance Coverages

MN homeowners insurance If you’re worried about major damage to your Minnesota home, you can add optional coverages to your homeowners insurance. For example, if your home is destroyed by a storm, a standard homeowners policy would help pay to rebuild it, but only up to your coverage limits. With The Hartford, you can increase this benefit to cover your costs up to 125% of your coverage limits. In Minnesota, this benefit can even cover up to 150% of your limit.
 
The Hartford makes it easy to add coverage options to your Minnesota home insurance policy. You can include coverages such as:
 
  • “New for Old” Protection‡‡ to help provide the actual cost to replace your possessions if they’re destroyed by a covered loss.
  • Personal Injury Liability Coverage to help pay legal fees if someone sues you for libel or slander.
  • Reimbursement for Replacing Locks if your keys get lost or stolen and you need new locks for your doors.
  • Identity Fraud Expense Coverage to help pay your costs to recover from fraud or identity theft.
  • Disappearing Property Deductible,‡‡ which rewards safe home and condo owners by reducing your deductible each year if you go three years without having an insurance loss.
  • Equipment Breakdown Coverage to help repair or replace appliances and electronics that have a mechanical or electrical breakdown, and will even provide coverage if you want to make “green” upgrades. It will pay up to 125% of your cost to replace any covered equipment with items that are similar, but more energy efficient or environmentally friendly.  Keep in mind this does not cover normal wear and tear.

Determining Adequate Coverage for Your MN Home Insurance

When it comes to your home and other structures on your property, it makes sense to insure it for 100% of the replacement cost. That way, if your home is completely destroyed by a covered event, your insurance company will cover the cost to rebuild it.
 
When selecting insurance, it’s important to understand the difference between “actual cash value” and “replacement costs.” With actual cash value, your insurance company pays you the current value of your damaged or stolen property, which could be less than what you paid for them. With replacement cost, your insurance company gives you the actual cash value up front, but you can get an additional reimbursement if the item costs more to replace.
 
If there’s a disagreement over the amount of a loss, Minnesota state law lets you resolve the dispute through an appraisal process.5
 
If you’re trying to figure out how much coverage you need for your MN homeowners insurance, a home inventory can help. This is a list of everything you own inside your home, including:
 
  • Details of each item, including serial numbers
  • When you purchased it
  • How much it cost
Your home inventory can also include photos of each item. This allows you and your insurance company to see what they looked like before they were damaged or stolen.
 
When you finish your home inventory, you should have a good idea of how much coverage you’ll need. Your MN home insurance policy should cover your personal possessions, but if you have antiques, jewelry or other special items, you may need additional coverage.
 

Preparing Your Home Inventory

Creating a home inventory for your Minnesota home insurance isn’t hard, but it may take time.
 
  • Start in one room, document each item in that room, and then move to the next room.
  • Be sure you include brand names, serial numbers and model numbers.
  • Keep receipts, so you know when you bought an item and how much you paid for it.
  • If you decide to use photos, take a picture of each item to include it in your inventory.
  • For special items, such as antiques, collectibles or jewelry, consider adding more coverage to your policy.
Make a habit of reviewing your inventory every year. This gives you a chance to update it with new purchases and make any changes to your MN home insurance coverage.
 

What Is the Average Cost of Home Insurance in Minnesota?

According to the Insurance Information Institute (III), The average cost of home insurance in Minnesota in 2020 was $1,481, slightly higher than the national average of $1,311. However, what you end up paying for your policy may be higher or lower than the national average homeowners insurance cost, because every homeowner’s needs are different.6
 
Your cost for Minnesota homeowners insurance depends on several factors like your home’s location and the type of materials used to build it. Certain zip codes also have higher home insurance rates. Living near fire stations can reduce your home insurance premium because first responders can get to your home quicker in an emergency.
 
Policy details can also affect homeowners insurance premiums, depending on your coverage levels and whether you choose a lower or higher deductible.
 
At The Hartford, we know every homeowner has unique needs, and we’re here to help you get the right coverage. Get a homeowners insurance quote today and find out how much it’ll cost to protect your home.
 

Evaluating Your Homeowners Insurance Risks

Your home may face certain risks because of its location. Living near a body of water, for example, can leave you open to flood damage. It’s important to know the risks your home faces because home insurance policies don’t cover everything. For instance, MN homeowners insurance policies don’t cover flood damage, but you can add flood coverage to your policy for an extra layer of protection.
 
Your home insurance policy also doesn’t cover earthquakes. But, like flood damage, you can get separate coverage to protect your home from damage caused by earthquakes.
 
To find out if there are any other risks your MN home insurance policy doesn’t cover, work with one of our homeowners insurance specialists.
 

Is Homeowners Insurance Required in Minnesota?

Most lenders require their customers to take out a homeowners insurance policy when they get a mortgage. However, homeowners insurance is not required by law in MN, but it’s still very important to have. Without it, if your home gets damaged or someone breaks in and steals your belongings, you’ll have to pay out of pocket to repair and replace everything.
 
From liability coverage to protecting your house from different risks, there’s a lot to consider when buying MN homeowners insurance. You may have questions and The Hartford’s representatives are here to help answer them. In fact, our team consistently receives high customer service ratings.* That’s because we love helping our customers get the coverage they need, and protecting them when the unexpected strikes. Call us at 800-624-5578 today or get a quote online so you can start protecting your home.
 
 
Last Updated: October 5, 2023
 
 
 
4 Medical payments are calculated on the basis of usual, customary, and reasonable charges.
 
5 Minnesota Commerce Department, “Home Insurance Basics”
‡‡ Terms and conditions apply.
 
Additional disclosures below.
Summaries of coverages and policy features are for informational purposes only. In the event of loss, the actual terms and conditions set forth in your policy will determine your coverage.
 
AARP and its affiliates are not insurers. Paid endorsement. The Hartford pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. AARP membership is required for Program eligibility in most states.
 
The AARP Auto Insurance Program from The Hartford is underwritten by Hartford Fire Insurance Company and its affiliates, One Hartford Plaza, Hartford, CT 06155. It is underwritten in AZ, MI and MN by Hartford Insurance Company of the Southeast; in CA, by Hartford Underwriters Insurance Company; in WA, by Hartford Casualty Insurance Company; in MA, by Trumbull Insurance Company; and in PA, by Nutmeg Insurance Company and Twin City Fire Insurance Company. The AARP Home Insurance Program from The Hartford is underwritten by Hartford Fire Insurance Company and its affiliates, One Hartford Plaza, Hartford, CT 06155. It is underwritten in AZ, MI and MN by Hartford Insurance Company of the Southeast; in CA by Property and Casualty Insurance Company of Hartford; in WA, by Trumbull Insurance Company; in MA, by Trumbull Insurance Company, Sentinel Insurance Company, Hartford Insurance Company of the Midwest, and Hartford Accident and Indemnity Company; and in PA, by Nutmeg Insurance Company. Home product is not available in all areas, including the state of FL. Savings, benefits and coverages may vary and some applicants may not qualify. The Program is currently unavailable in Canada and U.S. Territories or possessions.
 
1 In Texas, the Auto Program is underwritten by Redpoint County Mutual Insurance Company through Hartford of the Southeast General Agency, Inc. Hartford Fire Insurance Company and its affiliates are not financially responsible for insurance products underwritten and issued by Redpoint County Mutual Insurance Company. The Home Program is underwritten by Hartford Insurance Company of the Southeast.
 
* Customer reviews are collected and tabulated by The Hartford and not representative of all customers.
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