Pages Menu

Baker Insurance Brokers
13750 Crosstown Dr NW #107
Andover, MN 55304
P: (763) 316-6632
Text Us: 763-703-7461
Contact Us Now!

Categories Menu

Our insights

Home Insurance rates to increase.

Posted by on Oct 3, 2018 in Home Insurance, News, Quick Tips, Renter's Insurance, Uncategorized | Comments Off on Home Insurance rates to increase.

I’ve been reading about and personally experienced some things that are going to have a dramatic affect on home insurance rates over the next few years and possibly permanently. We’ll start with my personal experience. In 2017 my wife and I were looking at moving and buying a different home. One of the things I’ve always wanted was a space I could put in a woodshop. I reached out to a couple contractors I know and just asked what it would cost to put up a 2 car garage sized structure in case we found a house that didn’t have the space. They were telling me somewhere in the $35-$40k range. Well we found a house, it didn’t have the space for my woodshop so I then got a couple of bids for the new shop and now in 2018, that garage is $50k! Here are a few facts to substantiate that figure and the increase. In 2017 the price of lumber increased nationally by 14%. The prices of shingles have increased more than 50% over the last 7 years. The cost of labor is also increasing for all of the trades. This is the issue that I believe will have a bigger affect on all of us than materials prices. It seems that we have a serious shortage of tradespeople. More young people today are choosing to go to college and get a job in the “Tech sector” rather than get a job as a plumber, electrician or carpenter. This is driving up the cost of labor. Now the tradespeople have so much business they can pick and choose what projects the will take. Which ones do you think they are going to take first? The highest paying jobs of course! One of my insurance carriers is telling me just in the first quarter of 2018 alone their rates have increased 4.7% due to this inflation. I hate to think what it’s going to be for the...

read more

Employment Related Lawsuits are on the RISE … Protect Your Business with EPLI

Posted by on Oct 1, 2018 in Business Insurance, Commercial Insurance, data breach, News, Quick Tips, Video | Comments Off on Employment Related Lawsuits are on the RISE … Protect Your Business with EPLI

read more

If you are planning on using a moving company you must read this first!

Posted by on Sep 21, 2018 in Home Insurance, News, Quick Tips, Renter's Insurance, Uncategorized | Comments Off on If you are planning on using a moving company you must read this first!

So, I had a personal experience last week with a moving company that is scamming people. It started out very strange as we get a phone call from a company in Maryland, he started to tell us that there was a moving company in Maryland that was using our name and logo on the home page of their website as we were “partnering” with them. We just assumed it was a telemarketer and told him we would take the information and look into it and hung up. Well, he called right back and he proceeded to tell us that this company had been on the news and had been scamming people, including him. He sent me the link and yes, they were using our logo on their home page! The Maryland attorney generals office took care of this for me the same day! I stated looking into this and here is how the scam works. You call a moving company and have them  give you an estimate and they lowball the quote on the phone. Moving day comes along, they show up, pack up all of your belongings and proceed to tell you that you will have to pay a much higher amount or don’t get your belongings back. Basically they hold your belongings hostage for more money. Now, you would think if they do this enough times, they would get caught and not be in business any longer. Unfortunately, all they have to do is to start another company and do it all over again. Also, because this is usually an intrastate crime (crossing state borders) the enforcement agency is the federal government and we all know nothing gets done quickly with them. It’s difficult to determine if this is a good company or not because they control all of the reviews, of course they are perfect! The reviews are perfect but look to see how new they are.  To protect yourself, get it in writing, ask your friends for referrals, call the Better business Bureau, Check with the attorney generals office for complaints. Here is a link to a brochure published by the FMCSA https://www.fmcsa.dot.gov/sites/fmcsa.dot.gov/files/docs/Protect_Your_Move_Brochure.pdf Here is a link to a news story for one of those moving companies. https://www.abc2news.com/longform/complaint-ridden-moving-company-tied-to-other-businesses_   Here is some good information about moving scams; The Top 10 Moving Scams...

read more

Cyber Attacks are Skyrocketing, Is Your Business Protected?

Posted by on Sep 20, 2018 in Business Insurance, Commercial Insurance, data breach, News, Quick Tips, Video | Comments Off on Cyber Attacks are Skyrocketing, Is Your Business Protected?

read more

Fire Extinguishers for Your Home

Posted by on Aug 4, 2018 in Home Insurance, News, Quick Tips, Renter's Insurance, Uncategorized | Comments Off on Fire Extinguishers for Your Home

Fire Extinguishers for Your Home

  3 Important Things to Know About Fire Extinguishers Whether your Minnesota home is a three-story Tudor, a skyline-grazing apartment or an RV on wheels, you need at least one fire extinguisher for it. But if you don’t have the right one, or you haven’t checked it recently, you may have a false sense of security rather than a fire-fighting device. There are a few important things to know about fire extinguishers, but they aren’t complicated. Here are three things to help you get up to speed: There are extinguishers for each type of fire. Class A: ordinary combustibles, such as wood; Class B: flammable liquids or gasses, such as gasoline or propane; Class C: energized electrical equipment like appliances; Class D: combustible metals; and Class K: cooking oils and greases. An extinguisher that isn’t rated for the fire you’re trying to fight likely won’t help. Multipurpose extinguishers are widely available. Typically rated for Class A, B and C fires, they are good for most living areas and also work on small grease fires. You need at least one for each level of your home, and one in the garage is a good idea, too. Store them in an accessible area and inspect them regularly for rust and other damage. Also follow any maintenance instructions included with the device. Some need to be shaken regularly, for example. Remember “P.A.S.S.” when you use your extinguisher. Pull the pin. Aim the nozzle at the fire’s base. Squeeze the lever. Sweep the nozzle back and forth. And always keep your back to an exit when fighting a fire. You need to be able to escape quickly if necessary. Even more important than knowing how to use your fire extinguisher is knowing when not to use it. If you’d be putting yourself at risk trying to fight a fire, leave the area immediately. You should already have a family fire escape plan in place, so don’t hesitate to use it if there’s any question about your safety. After all, your life is irreplaceable. Your insurance, however, can help you rebuild your home and replace your belongings. If you’d like to check up on your coverage, give us a call...

read more

Blaine Auto Insurance – Baker Insurance Brokers

Posted by on Jul 2, 2018 in Auto Insurance, Video | Comments Off on Blaine Auto Insurance – Baker Insurance Brokers

read more

Blaine Home Insurance – Baker Insurance Brokers

Posted by on Jun 30, 2018 in Auto Insurance, Business Insurance, Commercial Insurance, Home Insurance, News, Quick Tips, Renter's Insurance, Video | Comments Off on Blaine Home Insurance – Baker Insurance Brokers

read more

Andover Home Insurance Broker – Baker Insurance Brokers

Posted by on Jun 26, 2018 in Auto Insurance, Business Insurance, Commercial Insurance, Home Insurance, News, Renter's Insurance, Video | Comments Off on Andover Home Insurance Broker – Baker Insurance Brokers

read more