A boat can be a valuable investment. Protecting it with adequate insurance coverage is the key to protecting that investment and preventing financial loss. The amount of boat insurance you will need depends on several different factors. If you have purchased the boat with the help of a lender, you must insure the boat to cover the cost of the loan. It is also important to know what requirements each state demands when purchasing insurance. Most states have minimum liability amounts that must be covered with by an insurance policy.

If you own the boat outright, the amount of insurance you purchase may only be to cover the minimum liability amounts required for the state. This type of insurance is similar to the PL/PD policies that many people carry on their cars once they have been paid off. These policies do not pay for the damage to the boat, but will cover damage caused to other boats and property if their is an accident. Talking to a licensed insurance agent about how much insurance is usually needed and will help you make a choice as to how much insurance should be purchased.

In Wayzata, MN, residents can turn to the agents of Pizano Insurance if they have questions about boat insurance and how much is needed to fully protect your interests. They will be able to help you find the right policy to adequately insure your boat, against damage, theft, and vandalism. The agents are can help you evaluate the type of insurance you need and may be able to offer discounts if other types of policies are purchased.

There are few things better than riding a motorcycle on the open road in America, but it’s a dangerous proposition both personally and financially without the right amount of insurance for your bike. So if you live in a place like Wayzata, Minnesota, where there is plenty of scenery with roads that are perfect for riding a motorcycle, setting up the correct insurance policy for your bike with a local agency like Pizano Insurance—who serves the greater Wayzata, MN area—can be the difference between a smooth recovery from an accident or a financial hardship and a lot of medical bills. Below are some tips for what type of motorcycle insurance coverage you should definitely have when riding in this region of the country.

FULL MEDICAL COVERAGE

As motorcycle riders are much more prone to being in an accident percentage-wise and that these accidents often cause serious injuries or worse, having a robust policy on your motorcycle insurance to cover all your possible future medical bills is key. The last thing you want to have happen is to get out of the hospital after an intense and miraculous recovery only to be faced with a medical bill that will destroy your future earning potential for years to come.

COVERAGE FOR WEATHER

Minnesota is known for having relatively increment weather, so it’s important there is something on your motorcycle insurance policy that cover something like that. Be it damage to the bike itself from the weather or something that will cover you in the event of an accident in the icy or rainy conditions you will face in Minnesota, just make sure you have something.

COVERAGE FOR THE BIKE ITSELF

You will want to make sure your bike can be paid for and repaired as well in the event of an accident. Make sure the value of the bike is insured completely before taking out a motorcycle insurance policy.