Monthly Archives: September 2018

Is Home Insurance Mandatory In Wayzata, MN?

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The moment you buy a home in Wayzata, MN, you may be inundated with various expenses. Home insurance is certainly an expense that needs to be taken into consideration. It is only mandatory in certain situations, though it is important to have no matter what.

When It’s Mandatory

The only time that home insurance is mandatory in Wayzata, MN is if you still have a mortgage loan. Mortgage lenders require homeowners to maintain a home insurance policy in order to provide financial protection over the investment. Further, lenders may require additional coverage, such as if you are in a FEMA-identified flood zone. Pizano Insurance can help you to determine what coverage is necessary for you to have.

Why It’s Important

If you are still paying your home loan, you don’t have a choice as to whether or not to have home insurance. However, if your home is already paid for, it is not mandatory for you to have a policy. Either way, you will want to have a policy because of the financial protection that it provides.

A standard policy will provide you protection against damage, loss, as well as liability. You never know what could happen on or around your property. If someone gets hurt on your property, they could sue for injuries. If a storm hits, you could experience significant roof damage. If there is a fire, you could lose everything. If there is a break-in, significant valuables could be stolen. When any of these things happen, you can file a claim with the insurance company – if you have a policy.

At Pizano Insurance, we are dedicated to helping you understand the importance of having a home insurance policy. Specialized agents can help you to find a policy that works for you and your home in Minnesota. It will allow you to have the coverage knowing that if something happens, you can file a claim.

 

What to Look for in Auto Insurance?

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Car insurance shopping is easier than ever before, yet many people don’t understand what to look for when choosing a policy. Car insurance is not one size fits all and  it is important to shop around to ensure you pick a policy that can meet your driving needs and as well as your budget, all the while keeping you fully protected. Here at Pizano Insurance serving Wayzata, MN, we want to make sure everyone is safe on the road and we took the time to put together a helpful go-to guide outlining some of the things you should keep in mind when shopping for auto insurance.

Everything You Need to Look for in Auto Insurance

First, you need to know your state’s car insurance minimum requirements. While you may be tempted to take on the minimum coverage to a few dollars, it may not be to your benefit if you’re involved in an accident and find yourself stuck with the responsibility of paying for injuries and damages. 

You’ll also need to take into account how much coverage you really need. Here are a few things to consider when determining the best type of policy to purchase:

1. Where you drive, how much, and how far.

2. Whether you own or finance your car.

3. Whether you drive for personal reasons or business, or both.

4. Who do you allow to drive your car; just yourself or other people, such as family members.

It’s also helpful to get a better understanding of insurance lingo so you know what your policy provides you with. Speaking with an insurance agent is the best way to get a good understanding of exactly everything your policy provides. He or she can also explain any discounts you qualify for.

Contact Us Today

To learn more about auto insurance, contact Pizano Insurance serving the Wayzata, MN area.