April 2022Upcoming EventsEvery Saturday morning “Insights into Insurance” radio show KATE 1450AM 8:45amMay 5- Happy Cinco de MayoMay 8 - Happy Mother’s DayMay 16- Armed Forces DayMay 30- Memorial Day (Office Closed)June 9- Wells “Summer in the City”June 14- Flag DayJune 18 – Morin Lake Days Parade June 19- Happy Father’s DayJune 21- First Day of SummerJuly 4- Happy 4th of July (Office Closed)July 15- Acreage Reporting Deadline August 2-7 – Freeborn County Fair Insurance Highlights Condo vs. Co-Op: What’s the Difference? Read More... Loss Prevention April is Distracted Driving Awareness Month. Check out some interesting statistics. Read More Financial What is a Health Savings Account (HSA) and Is It Worth it? Read More... ONE-THIRD OF HOMEOWNERS LIABILITY CLAIMS DUE TO DOG BITES A recent Insurance Information Institute (III) and State Farm analysis found that more than 33 percent of all homeowners liability claims dollars paid out in 2021 were due to dog bites and other dog-related injuries, totaling $881 million. Dog bite claims across the United States rose 2.2 percent from 17,567 in 2020 to 17,989 last year. Meanwhile, the analysis found that the average cost per claim dipped 1.1 percent from $50,245 to $49,025 over the same period. Over the last decade, though, the cost per claim jumped 39 percent and the value of claims rose 44 percent, attributable to increased medical costs and larger settlements and jury awards.With the large number of pets adopted during the pandemic, it should come as no surprise that there are more dog-induced injuries. As the weather warms up and people head outdoors with their pups, there are also more opportunities for dog and human interaction. Please be mindful that Minnesota has a strict-liability standard when it comes to dog-related injuries (See MN Statutes 347.22). If a dog injures someone, the owner (or anyone harboring or keeping the dog) can be held liable for injuries without having to be proven negligent, if the victim was lawfully at the location where bitten, acting peaceably and did not provoke the dog. Insights Into Insurance Catalytic Converter TheftDo you know what a catalytic converter is? How do you know when one is stolen from your car? What does it cost to replace? Does Insurance cover it? These questions and many others are answered in this “Insights into Insurance” radio show with special guests Mark Sanderson of Sanderson Auto Repair and Sheriff Kurt Freitag. Please take a listen. Listen... Would you like to receive our Insights Into Insurance Newsletter?