Monthly Archives: July 2019

Who’s Covered Under Your Auto Insurance Policy?

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Before loaning your car to a relative or friend this summer, make sure they’re covered under your auto insurance. Talk to your Pizano Insurance agent in Wayzata, MN about insurance coverage for other drivers who may be borrowing your vehicle during the summer months. The following guidelines can help you determine what kind of auto insurance protection you have when you loan out your car.

Live-In Family Members

If you loan your car to family members who live with you, they will be protected under your auto insurance. Typically, members of your household receive the same auto insurance protection that you do when driving your car. If they’re going to be driving your vehicle on a regular basis, they may even be required to be listed on your policy. Before loaning your vehicle to another driver, make sure they have a valid driver’s license.

Extended Family

Visiting relatives who borrow your vehicle will also be covered by your auto insurance policy, as long as they have a valid driver’s license and you have given them permission to drive your car. If your aunt, uncle or grandparent will be staying for the summer or longer, you may want to add them to your policy.

Friends

If your friends have permission to drive your vehicle, they, too, will be protected by your auto insurance. This includes trips to the store, shared driving for commuting to work or road trips, etc. You should be aware, however, that other drivers may have lower coverage amounts than what’s stated on your policy, especially when it comes to liability protection. By limiting vehicle use to safe drivers, you reduce the risk of accidents when loaning out your car.

For quality auto insurance to protect you and your loved ones on the road, contact Pizano Insurance, Wayzata, MN.

Do You Have Enough Home Insurance Coverage?

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When it comes to home insurance, you don’t want to be caught short. Insufficient coverage could cost you tens of thousands of dollars out-of-pocket if you were to suffer a catastrophic loss. At Pizano Insurance in Wayzata, MN, we’ll help you select home insurance coverage that adequately protects your home investment and assets. The following tips can be helpful in determining how much protection you need.

Dwelling Coverage

Your dwelling coverage should be sufficient to rebuild your Wayzata MN home if it’s destroyed by a severe storm, fire or other catastrophes. This includes major renovations you may have done since purchasing your property. Replacement cost coverage covers the cost of replacing your home if it’s destroyed in an unforeseen disaster, giving you the protection you need.   

Personal Property Coverage

Personal property insurance protects your personal goods to include furniture, household appliances, electronics, clothes, jewelry, sports equipment and more. Replacement cost coverage for your personal goods provides you with the funds to replace these items if they are stolen or totally destroyed in a covered peril.

By creating a home inventory, you’ll have a record of what you own to make it easier to make a claim. Your home inventory should include photos or videos of pricey items along with receipts of purchase to verify their value. If the limits of your home insurance aren’t enough to cover high-end goods, you may need additional coverage to protect their full value.

Liability Coverage

Liability insurance pays for the medical costs of visitors who have an accident on your property. It also covers your legal expenses if your visitor decides to sue for damages. If you entertain often, you’ll want to have sufficient liability coverage to protect your assets.

For customized home insurance to protect your valuable investments, contact  Pizano Insurance in Wayzata, MN.