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Archive for the ‘Insurance’ Category

Buyers & Borrowers

Tuesday, March 8th, 2011


Fire insurance protects you against losses from fire. Collision insurance guards you against the cost of a damaged car. Theft insurance – well, you get the idea.

Title insurance protects your title to real estate that you are about to acquire.
To understand why title protection is essential, we need to consider real estate for a moment.

Your Ownership of Real Estate
Real estate has always been considered a person’s most valuable possession. It is so basic a form of wealth that many special laws have been enacted to protect the ownership of land and the buildings thereon.

You should realize whenever you buy property that the owner who is selling it to you has extremely strong rights as do his family and heirs. Also, there may be others – in addition to the owner – who have “rights” in the property you are going to buy, perhaps governmental bodies, or contractors, for example. Some of the things a title search uncovers are any unpaid taxes or mortgages, judgements against previous owners, easements, and many other court actions or recorded documents which can affect title to real estate.

We find and report such defects in the title to the real estate you wish to buy, so that these matters can be corrected and cleared up. Title insurance is a risk elimination product, not a risk assumption product.

2010 Ethics Shoreview

Monday, March 7th, 2011


This course has been approved by the Minnesota Commissioner of Commerce for 3 hours for Insurance Ethics continuing education. Credits will be uploaded on the completion of the class!

You would think making decisions would be easy, but that’s not necessarily the case particularly in business situations. We will look at what constitutes ethics, where they come from, what they affect, and why individuals should care about ethics. Some Federal and State laws that are directed at ethical behavior will be examined. Do ethics have a cost associated with them? Yes!