Home insurance FAQs

Buying a home is a major investment in your future. Worrying about it may give you some sleepless nights. Home insurance is designed to take some of the worries out of homeownership. At Kramer Agency in Bismarck, ND, we understand how worrisome homeownership can be and we do our best to mitigate some of those worries with great home insurance. As an independent agency, we can provide more choices and personalized service. 

Home insurance FAQs

How much liability coverage do I need?

There is not one amount that is right for everyone. If you have some things that make you a higher risk, like a dog or a trampoline, you may want to add additional liability coverage or even an umbrella policy. Everyone’s liability needs are different. 

Do I need home insurance if I don’t have a mortgage?

No law says you need to have home insurance. But considering the amount of money that you have invested in your home, it is not a good financial decision to be without protection. 

What things aren’t covered by home insurance?

Home insurance has a few exclusions: nuclear hazards, war, civil unrest, earthquakes, floods, sinkholes, animal or pest infestations, wear and tear, and owner neglect. Be sure to read your policy for any additional items. 

Are my personal possessions covered when I have them away from home?

Yes, your personal possessions are covered when you are traveling. If you lose your suitcase, your camera, your laptop, or other items, you can get reimbursement from your insurance minus whatever your deductible is. 

Do I need a home inventory?

If you ever need to file a claim, you will be glad you have one. 

Give Us A Call

Get hold of Kramer Agency in Bismarck, ND when you are ready to discuss the amount of coverage you need. We are here to help.

Does Renters Insurance Cover My Roommate?

Renters insurance will not cover your roommate if they aren’t listed in the policy. Most insurance companies will not honor the roommate agreement if they don’t have insurance. 

The insurance will, however, insure a roommate who’s your family member.  Kramer Agency in Bismarck, ND offers the following guide in navigating renters insurance. 

What Renters Insurance Embraces 

If the landlord requires everyone to have renters insurance and one of you doesn’t have it, then that person is liable for any damage to the property if they cause it. If you have any doubts about whether your policy covers your roommate, then talk to a broker to see if you need to add any coverage. 

If your renter’s insurance does not cover your roommate, then you will have to purchase a separate policy for them. Second, make sure that the coverage you purchase for your roommate meets the same requirements as the coverage you have for yourself. 

If you rent an apartment or house that is not owned by your family or someone else who will be responsible for covering the cost of damages in case of an accident, then yes, you need renters insurance. 

Even if your landlord has a maintenance contract that will cover some costs in case of an accident, this may not always be enough to cover all costs associated with the replacement or repair of damaged items in your home. 

Renters insurance can help fill in the rest of the gap between what is available under existing contracts and what is needed for repairs/replacement costs associated with accidents at home.

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Roommates can be a liability for you and your landlord. If you’re renting a house with a roommate, it’s a lot easier for your housemate to sue. 

Having another coverage for your roommate will protect your belongings in the case of a fire or other disaster that would cause significant loss. For inquiries, visit Kramer Agency serving the greater Bismarck, ND community.

How Is RV Insurance Different From Car Insurance?

RVs tend to be larger and costlier than cars, so the risk is greater if something happens. Liability RV coverage protects you if you’re ever held legally responsible for damage or injuries to another person. Physical RV damage coverage protects your RV if caught up in an accident. Most policies require you to have liability coverage of at least $100,000. For questions call Kramer Agency in Bismarck, ND. 

What to Know About RV Insurance & Car Insurance 

Car insurance typically covers liability for any accidents that you may cause, as well as any medical bills for other drivers or passengers in your car in the event of an accident. RV insurance covers liability for any accidents that you may cause, as well as any medical bills for other drivers or passengers in your RV in the event of an accident. In addition, RV insurance covers any damages to the RV itself in the event of an accident. 

As with any other type of insurance policy, RV insurance will provide you with coverage if you are involved in an accident. If you ever have to leave your RV parked somewhere and it is ever vandalized or stolen, RV insurance will cover the cost of repair. If you ever have guests staying with you and they ever have any accidents or their belongings are ever stolen or damaged due to vandalism, RV insurance will cover the cost to replace their belongings. 

The most notable one is that RV insurance is typically not required by law, unlike car insurance. You are free to shop around and choose any provider you like. Another important detail is that RV insurance premiums are usually much higher than car insurance premiums. This is because RVs are much more expensive to repair or replace in the event of a collision or other accident than most passenger cars. 

Give Us A Call

Most car insurance policies cover collision and comprehensive damages up to a certain dollar amount. But many RV insurance policies cover all damages up to the total value of the RV. RVs are larger and costlier to repair or replace than cars, so RV insurance tends to be more expensive than car insurance. 

RV insurance also might have higher deductibles than car insurance, to account for the larger risk. And many RV policies have a mileage limit, which can make them less expensive than car insurance for drivers who drive much less than average. For help, reach out to Kramer Agency serving Bismarck, ND and surrounding areas.

The Importance of Motorcycle Insurance

Motorcycle insurance is critical to your protection on the road. It caters to medical bills for any injuries, repair costs, replacement fees, and the payment of property damaged by your motorcycle during an accident. For people in Bismarck, ND, Kramer Agency offers exclusive motor insurance covers.

The Importance of Motorcycle Insurance 

1. Abide by State Laws

In the United States, motorcycle insurance is a legal requirement in most states except in Hawaii, Michigan, Montana, and New Hampshire. Therefore, acquiring motorcycle insurance will help you avoid issues with authorities in North Dakota’s cities like Bismarck, ND.

2. Cover Injuries

Like other travel vessels, motorcycles are susceptible to accidents. In the event of an accident involving your bike, motorcycle insurance will cover the injuries you or other people sustain. The insurance can also cover lost income if the sustained injuries put you out of work for a while.

3. Settle Repair and Replacements

Besides getting injured, a motorcycle accident can wreak havoc on your two-wheeled vehicle. You will pay for repair and replacements using your pocket money if you don’t have insurance. However, if you have insurance, everything will be paid for by your insurer.

4. Cover Against Theft

Motorcycles are easier to steal than motor vehicles mainly because they are easy to carry and hide. Comprehensive motorcycle insurance will help protect your bike against theft if it gets stolen.

5. Peace of Mind

Overall, having motorcycle insurance gives you peace of mind knowing that you are protected on the road in case of any incident. Your insurer will come to your aid whenever you need them and provide appropriate assistance.

Bottom Line

These are some of the advantages of having motorcycle insurance. Obtain motorcycle cover from Kramer Agency in Bismarck, ND, today to protect yourself at all times.



4 Benefits Of Boat Insurance Policies

Kramer Agency assists the Bismarck, ND community. For over 50 years, we have helped our clients find the coverage they need to protect their assets. We work closely with our clients to help them obtain flexible policies that align with their needs. Providing strong customer service is one of our core values.

4 Benefits Of Boat Insurance Policies

Many Bismarck, ND residents enjoy spending time on their boats during mild springs and warm summers. While you spend time on the water, boat insurance will protect you. Boat insurance covers your watercraft if it’s damaged in a collision. Liability coverage protects you if your boat is responsible for causing property damage or injuring someone. Here is a look at some key benefits of boat insurance policies

Comprehensive Coverage

Comprehensive coverage protects your boat if it’s stolen or vandalized. You are also covered if your boat is damaged in unique ways. Perhaps inclement weather moves through the area and damages your boat, or an accidental fire starts. Comprehensive coverage gives you peace of mind.

Covers Your Personal Injuries

While liability coverage takes care of any injuries that your passengers may sustain on your boat, medical payments’ coverage will take care of any injuries you’ve sustained due to a collision.

Emergency Towing Coverage

Perhaps you are sailing, and suddenly your engine starts having trouble. Emergency towing coverage protects you in this situation. You will receive immediate attention so that you can stay safe while you’re out on the water.

Modified Coverage

Modified boating coverage is an asset if you plan to make any amenities to your boat. This type of coverage protects you if your boat suffers damage after installing the new accessories.

Kramer Agency Will Help You Protect Your Assets

Contact us today to learn more information about boat insurance.


Umbrella Insurance Defined

Bismarck, ND residents know how to prepare for inclement weather, summer road trips, and Bison and Hawks football games. Here at Kramer Agency,  we want to help prepare your financial portfolio to best protect your future. Umbrella insurance does just this by adding extra liability coverage to your existing primary insurance policy.

Few people come through our door knowing about this beneficial secondary insurance policy. It gets referred to as a secondary insurance policy because you cannot buy an umbrella policy by itself. You add it to a primary policy to enhance the liability coverage.

What qualifies as a primary policy?

We’re glad you asked. Any policy that already has a liability component to it, such as homeowners’, renter’s, condo, auto, RV, etc. qualifies as a primary policy. You can’t use life or accidental death insurance as the primary policy though, because neither contains liability coverage.

For example, your home policy contains a liability component. You might have liability coverage in the amount of 20 percent of your home’s value. Your $500,000 home insurance policy provides you with liability coverage of $100,000. That sounds like a lot until something goes wrong. Perhaps someone gets injured seriously at a pool party or using your jet ski. Their medical bills and the court settlement come to a total of $300,000. It can happen if the person became permanently incapacitated by their injury, such as a person who drowned and was resuscitated but incurred brain damage. The $200,000 above what your home insurance pays comes out of your pocket.

What happens with an umbrella policy?

But if you purchase an umbrella policy to complement your home policy, you can purchase a million-dollar policy for a very small premium. That covers you completely and protects your finances. If you do need to make a claim on your liability coverage, as soon as your main policy pays out its maximum, your umbrella kicks in to pay the rest. No cost comes out of your pocket. Your financial security remains intact.

Contact Kramer Agency, serving Bismarck, ND today. You can’t afford to skip out on umbrella insurance.

Who and What Properties Are Eligible for Flood Insurance?

As the owner of a home or a commercial property, you can purchase flood insurance to protect your structure and its contents. If you lease, you can buy it to protect the contents of the space you rent. At Kramer Agency, which serves Bismarck, ND, we sell this federally backed insurance.

Who May Buy Flood Insurance

Flood insurance is administered by the Federal Emergency Management Administration (FEMA). If your property is in an area that participates in the National Flood Insurance Program by abiding by its regulations, you can buy flood insurance.

Types of Properties Flood Insurance Covers

Flood insurance provides coverage for a wide variety of properties. They include apartment buildings, residential cooperatives and dormitories. Also on the list are:

  • Assisted-living facilities
  • Hotels, motels and tourist homes
  • Rooming houses
  • Condominium associations
  • Individual residential condominium units
  • Non-residential buildings
  • Buildings under construction (under certain circumstances)

Mobile Homes

Flood insurance is available for your mobile home or travel trailer if your home is attached to a permanent frame. Another requirement is that it be transported to its site in one or more pieces. Finally, any wheels on it must be removed.

Who Must Purchase Flood Insurance

The federal government requires that property owners in high-risk flood zones purchase flood insurance. Lenders who make federally regulated, supervised or insured loans mandate that their borrowers purchase flood insurance if they live in an area at high risk of flooding.


Some properties are not eligible for flood insurance. Among them are structures located wholly in or over water or those that are mainly below ground, if they were built after October 1, 1982.

Contact Kramer Agency for answers to your questions about flood insurance. Our insurance professionals, who serve Bismarck, ND, are here for you.

What is condo insurance and what does it cover?

Do you know what your condo’s insurance association’s insurance covers? Before you buy your condo policy in Bismarck, ND it’s imperative to ascertain what your master’s policy entails. Sometimes the condo association policy caters to the structure of your condo unit encompassing walls and floors and sometimes it covers only the bare walls, ceilings, and floors.

Regrettably, many condo owners in Bismarck, ND forget that they have the interior of the unit to protect as well as personal property. What happens if you are found responsible for property damage or bodily injury like a guest sustaining injuries while residing in your condo? What if third parties sue you? Don’t get stuck, we have remedies for all these unfortunate incidences. Please contact us at Kramer Agency today. Our agent will answer all queries concerning condo insurance, helping you to design a policy that meets your needs and budget.

What is condo insurance?

Condo insurance is a financial protection tool for condo owners which helps them to pay for the repairs of their condo and damages to their personal property when a covered peril strikes.

What does condo insurance cover?

Condo insurance from Kramer Agency offers the following individual condo insurance coverage:

Personal property coverage

It protects your personal belongings like clothing, furniture, and electronics if they get ravaged by a covered peril like fire or when they get stolen.

Dwelling coverage

It caters to the structure of your condominium unit and any upgrades or betterments you have made, like custom hardwood flooring and built-in appliances.

Liability coverage

What happens when a guest visiting your premises slips and falls, sustaining a serious injury? This form of coverage protects you if you are found liable for other parties’ injuries or property damage. It cushions you from medical bills and accruing lawsuit costs.

Loss of use coverage

What transpires when a covered peril strikes and renders your condo unsafe to live in? Luckily, this form of coverage pays for additional expenses like hotel bills and accommodation when you have relocated elsewhere temporarily as your condo gets repaired or rebuilt.

Are you shopping for spectacular condo insurance in Bismarck, ND? Please contact or visit us at Kramer Agency for a competitive condo insurance quote.

Term Life Insurance 101

When looking at life insurance policies, you are generally presented with two primary options: whole life and term life. The team at Kramer Agency, serving Bismarck, ND, wants to help you learn more about term life insurance, so you make an informed decision about your life insurance choice.

What Is Term Life Insurance?

Term life insurance is a type of insurance policy that is active for a set period of time, which is usually somewhere between five and 30 years. During that period of time, you can enjoy set insurance premiums. In addition, you will remain covered, assuming your monthly premiums are made on time.

How Does Term Life Insurance Work?

The conditions of your term life insurance policy are relatively straightforward. During the time of your activity policy, you and your beneficiaries are covered. In the event that you pass away during this time, your beneficiaries will collect the death benefits as outlined in your policy.

In the event that your term life insurance policy expires, you will have the option to renew the life insurance policy. However, keep in mind that your premiums will not remain the same. At this time, you always have the option to convert your policy to a different type, such as whole life insurance, as well.

What Are the Benefits?

One of the main benefits of term life insurance is that it is less expensive than whole life policies. Sometimes, you can even find policies that don’t require a medical examination. The death benefit can be used for virtually anything, such as funeral expenses, college tuition, or day-to-day living expenses.

Term life insurance policies tend to be flexible as well. Since you are not locked into long-term agreements with term life policies, you can reassess your situation every so often and make the necessary adjustments based on your circumstances. Some people choose to cover themselves only until their children are adults.

If you’re interested in learning more or investing in a term life insurance policy, contact the insurance agents at Kramer Agency, serving Bismarck, ND.

What advantages come with auto insurance in North Dakota?

Those that are in the Bismarck, ND area are always going to find that owning a car is a good idea. With a vehicle, you will be able to get around the area more efficiently and can enjoy all that it has to offer. If you are going to shop for a vehicle here, you need to also spend time assessing your insurance needs. There are various advantages that come if you do get an auto insurance plan. 

Cover Your Car

A primary advantage received when you have auto insurance is that it can cover your car. When you own a car, you will want to be able to use it for a long time. Your ability to use it could be impacted if you incur a loss due to theft or accident damage. Fortunately, you are always able to mitigate this risk if you get an auto insurance plan that will provide protection for your vehicle.

Reduce Liability Risk

You also should get auto insurance to ensure your liability risk is reduced. Those who choose to drive a car will always take on the risk that they could cause an accident. If this occurs, you will need to cover the damages. As these can be significant, having a way to cover them with insurance is important. Your auto insurance plan will offer this valuable liability support. 

Getting a proper auto insurance plan in the Bismarck, ND area is a necessity. If you are looking for a new policy when you are here, calling the Kramer Agency can be helpful. The team with the Kramer Agency understands the value of this coverage and can help you build your next insurance plan. This can help ensure that you are fully insured and in compliance with any requirements.