After purchasing a motorcycle, you may equip the motorcycle with custom parts. This includes items like custom valve and stem covers, upgraded tires and rims and saddle bags or travel compartments. When you purchase motorcycle insurance, you may think that these items are covered, but are they really? Here at Anchor Insurance Agency LLP, serving the greater Plymouth, MN area, we would like to educate you the truth regarding motorcycle insurance and custom parts. 

Does Motorcycle Insurance Cover Custom Parts?

Motorcycle insurance does not cover custom parts. Most motorcycle insurance policies cover the parts that the motorcycle was manufactured with originally and that is all. They do not cover custom paint jobs, custom parts or add-on parts that you have added on your own to increase the value of the motorcycle or change its appearance.

Is There Any way to Cover Custom Insurance Parts? 

If you are looking to cover custom insurance parts, you will need to either find a policy that allows you to include these custom parts or purchase a supplemental motorcycle insurance policy specifically for the custom parts. If you purchase a supplemental policy, it is important that you list each and every part on your bike that is custom or not original to the bike. It is also important that this information is updated as you change your bike. This helps to ensure you are properly compensated in the event you have to file a claim with your motorcycle insurance company. 

If you are looking to insure a motorcycle in the greater Plymouth, MN area, contact Anchor Insurance Agency LLP. We can help you find the right insurance coverage to cover all parts of your motorcycle, including your custom parts. 

If you are in Plymouth, MN, there is a chance that you are looking to buy a condo. While homeowner insurance may be liable for catering for some damages, you can never be confident that you are fully protected without getting a specific policy to protect your condo.

To get the peace of mind that you deserve, the best thing to do is buying a condo insurance policy from Anchor Insurance Agency LLP. Condos are different from apartments. You own the unit although the HOA still owns some aspects of the condo and is liable for the repairs of the aspects. However, buying a condo insurance policy comes with numerous benefits which include;

It protects your personal property

The home owner association will not pay for your belonging like furniture and other items if fire or flood damage them. A Condo insurance coverage is meant to protect such things.

Theft coverage

If thieves break into your condo, theft coverage will cater for the losses of the damages made. It will help you in the replacement of the stolen items or if the condo is destroyed itself.

It protects you from uncovered disasters

The home owner association may not cover all types of calamities, but you can buy a policy that protects you in such events, for example, purchasing earthquake insurance in Plymouth, MN.

Helps in immediate payout

Even if the HOA protects some items, it can take you long for you to collect the policy. Getting your insurance helps you in immediate payment, and you can deal with HOA’s reimbursement later thus saving you the trouble.

Coverage away from home

The condo insurance policy can be written in a way such that you are protected for any incidence that occurs when you are away from home, and this is something that HOA policy does not include.

Find an affordable Condo Insurance policy in Plymouth, MN with Anchor Insurance Agency LLP. Get the coverage that suits your needs and enjoy the benefits above plus more.

Throughout your life, there are many reasons why you would want to increase the amount of your life insurance policy. You may have gotten married, gotten a raise at work, or had a new baby. But there are also times when you may want to decrease your policy limits. At Anchor Insurance Agency LLP, serving the greater Plymouth, MN area, we recommend a decrease after these life events.

You Have Paid Your House or Major Debt Off

When you have paid major debt off, such as your home, and you do not plan on accruing more debt, you should lower your life insurance policy. The amount of your policy should take into account your debt. This will help your spouse or kids live debt free if you pass. However, once your debt is paid off, you no longer have to worry about this, meaning you can lower your policy.

You Have Retired

Once you retire, your income will decrease. When this occurs, you learn to live off of less. As such, you can reduce your life insurance policy amount around this time as well. This will also help to decrease your premiums, which helps your life insurance policy fit within your new budget.

Your Children Are Out On Their Own

Lastly, you may want to think about decreasing your policy limits when you no longer have kids to take care of because they are out on their own. Some people do this once their kids graduate high school, while others decide to do it only after their kids finish college and get jobs. It is up to you to decide when, but once you are confident you won’t have to pay for your kids any longer, you can decrease your policy limits.

Trying to determine how much life insurance you should have can be challenging. But Anchor Insurance Agency LLP, serving the greater Plymouth, MN area, can help you with this task. Call us today to set up an appointment and we can help you determine how much life insurance is right for you.

Winter in Plymouth, MN brings with it a lot of things that people enjoy and some aspects that they don’t. Clearly, there are the beautiful sights and holidays. On the other hand, there is the cold, wet conditions, and slippery ice. For the most part, people inside a home don’t worry too much as long as the heating system is working properly and things are dry inside. However, snow can be a big risk to a home, even when everyone is inside and snow in itself is relatively light and small, according to Anchor Insurance Agency LLP.

Depending on the angle of one’s home roof or that of a detached garage, snow can build up very fast on top. A thin layer of snow is no issue, but when that same snow begins to get to be a foot to 3 feet thick, it’s now aggregating a serious amount of frozen water weight. And that creates a downward pressure with gravity that can sometimes break or cave-in older roofs. There is frequently very little warning when this happens; the roof just suddenly breaks and caves in due to the heavy weight. And then all that snow turns to water inside the home or garage due to the warmer temperature inside – a double whammy of damage.

Plymouth, MN homeowners insurance policies are generally designed to address sudden and unforeseen home damage. An unexpected cave-in with snow can likely be eligible for repair coverage, depending on the terms of a given policy. However, even though protection may be possible, prevention is still far cheaper. There are a number of systems that help melt snow on a roof before it gets too heavy, causing expensive damage. To find out more, call Anchor Insurance Agency LLP for questions about snow cave-in coverage and prevention.

The weather out here in Plymouth, MN can be rough. It’s not the fiercest Midwestern city, we get nice warm Summers, but with average temperatures below zero in the colder months, you have to be prepared for what the weather can do to your business if you’re not careful. Anchor Insurance Agency LLP can help you to get the policy that you need to protect your business come what may.

Consider simple liability, for instance. What’s the example insurers always use when discussing the importance of liability coverage? Somebody is coming into your store or walking on your property, and they slip on some ice. For a lot of people, this is just an example. They don’t get snow in most areas of California and Florida, but snow and ice are a constant concern for folks in the Midwest.

Commercial insurance is designed to protect the physical assets of your business, everything contained within your building. It’s not uncommon for the weather to do a serious number on this property. A bad storm or a leaky roof can do a lot of damage to a business in Plymouth, MN. Weather damages to your business may not be inevitable, but they are not exactly unlikely, and ensuring that you have adequate insurance is about having a backup plan, against the one-in-a-million unlikely events as well as the more predictable threats.

If you’re not happy with your current policy, or you’re looking to insure a new business, give Anchor Insurance Agency LLP a call and see if they have a plan that works for you. Having adequate insurance is more important in Plymouth than it is almost anywhere else.

A small town like Plymouth, MN would make you think that some insurance policies aren’t necessary, but unfortunately, you would be wrong. Insurance is meant to protect against the unpredictable and even though Plymouth doesn’t have a large population, there is still plenty of unpredictability residents must face as they go about their everyday lives. Below are some of the reasons for why you may need insurance in Plymouth, MN, namely with a broker who knows the local area like Anchor Insurance Agency LLP and can really speak to their client’s needs.

AUTO INSURANCE PROTECTION

This is arguably the most important type of insurance policy someone in Plymouth MN should have. It will cover their vehicle while they drive on the road, not only protecting them from accidents they are responsible for but from other drivers as well. And sometimes, it’s just the fault of the weather in Minnesota, which is regularly inclement, causing cars to slide off the road or into each other when there is a particularly large stretch of ice. Without a good auto insurance policy, you could be paying for damage to someone else’s vehicle or medical care out of your own pocket.

HOME INSURANCE

Having insurance on your home in Plymouth, MN is also critical, due in part to the weather as well. Heavy snows can lead to roofs collapsing, pipes freezing and bursting, trees falling on homes. There is also always the threat of fire that has to be protected against through an insurance policy, so having that in place is critical. To figure out what home insurance policy is right for you to talk to your local broker and make sure you are fully covered, so you don’t end up homeless.