A few years back, Kathy Lesicka’s Monticello home had hail damage and needed the roof replaced. Two months after the repairs, her homeowners’ premium increased by $200. “That was the first time we ever claimed, and we were like, ‘We’ve been with you for 20 years, are you kidding me?’” she said.
A sophisticated routine is taking money directly from our wallets. Mark Kulda of the Insurance Federation of Minnesota says anyone involved in even a slight car accident could be at risk.
In the land of 10,000 lakes, it’s surprising to hear that less than one percent of Minnesotans purchase flood insurance.