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.

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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!

.Reference resource: Click Here.

A very common example that can happen anytime that can initiate double lawsuit bills:

You are a homeowner and a neighbor is invited onto your property and slips and injures themselves. That neighbor might then hire a personal injury attorney to sue you for damages. Your insurance company steps in to assess the injury and may offer to cover the medical bills for the injured party as well as pay for pain and suffering.

However, under these proposed laws, instead of accepting the settlement, the other party’s attorney sees an opportunity to get more money and they file two separate lawsuits (one against you and another one against your insurance company) costing far more than what the insurance company deemed to be fair based on its investigation. These extremely costly, multiple lawsuits provide powerful incentives for filing frivolous lawsuits or fraudulent claims. The only real benefit goes to the lawyers who stand to gain much higher attorney fees.

Virtually every insurance policyholder in Minnesota will suffer the negative consequences of these self-serving bills. Written by personal injury lawyers to benefit themselves, these laws would allow two separate lawsuits for a single claim. The lawyers behind or supporting these bills stand to make millions of dollars by threatening to file multiple lawsuits, forcing consumers and their insurance companies into huge out-of-court settlements to avoid lengthy and expensive litigation.

This will drastically raise insurance costs for everyone and increase the number of lawsuits filed in our already strained court system. Minnesota consumers deserve better and should demand that legislators reject these bills.

These are all Factors that will determine how much you will pay for your car insurance for Minnesota drivers;

Geography Where you live matters. For instance, those living in rural America are far less likely to have a collision or a stolen car than those living in a city. But, sometimes even just moving across the street can change your rate. Driving violations Speeding tickets, running red lights, failure to yield, etc. all count toward your auto insurance rate. Your vehicle If you must have that cherry red Corvette or the Ferrari Testarossa, be prepared to pay for it. Your insurance premiums will be higher. Accident claims While you can’t change the past, keeping your slate clean and free of accidents will hold you in better stead than lots of fender benders. Credit rating Many insurance companies view having a poor, or even no credit history as suggestive of higher risk. Occupation A little easier said than done. Believe it or not, insurers have found correlation between your occupation and risk. Makes sense that the pizza delivery guy could be a higher risk