For an insurance company, delays are always good. Especially when they already have your money. Which they do. If you fail to pay a premium on time, they can cancel your policy and refuse to pay any claims made after they claim your policy was no longer in place. However, if you have a loss, they can delay payment for months or years, often for invalid or illegal reasons.
To prevent this, there are what are known as "bad faith" suits, where insurers can be sued for intentionally failing to pay a valid claim. But, again, these suits take time, and if you are a Minnesota homeowner and your property suffered damage in a storm, you may not have time to wait before you repair the damage.