Monthly Archives: January 2020

How to Cover Valuables with Home Insurance

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If you’re like most people, you’ve probably collected a lot of “stuff” over the years, some of which could be quite valuable. When insuring your high-end possessions, it’s important you get the right coverage so you don’t lose out if these items are stolen or lost in a disaster. At Pizano Insurance, Wayzata, MN, we can customize your home insurance policy to provide the property protection you need. Here’s what you should know about protecting valuables with home insurance.  

Standard Property Coverage

Standard home insurance policies have limits on the personal property protection they provide. For most people, these limits are enough to protect their goods against theft or loss in the event of a disaster. The value of high-end goods, however, may exceed the limits of your policy, leaving you to cover the remaining cost of your loss out-of-pocket. By getting additional coverage for your valuables, you can avoid financial loss.

Additional Insurance Coverage

To fully protect high-end goods, consider getting additional insurance protection in the form of a floater policy or endorsement. A floater policy extends coverage on specific items you own to help reimburse you for their full value. An endorsement allows you to increase coverage on a category of items.

By making a home inventory of your goods and documenting their worth, you’ll have a better idea of the insurance coverage you need to protect valuable items. Before insuring antiques, heirlooms or collectibles, have them appraised to determine their value. If any of your costly goods are stolen or damaged in a covered peril, having a record of their value will make it much easier for you to file a claim.

To learn more about home insurance personal property coverage and costs, call or visit Pizano Insurance in Wayzata, MN today.

Why Minimum Auto Insurance May Not Be Enough Coverage

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Are you driving with an inadequate auto insurance policy? Many people in Wayzata, MN and beyond think that purchasing Minnesota’s minimum state insurance limits are enough to cover them in case of a major accident. Unfortunately, that isn’t the case in many situations. That’s why our agents at Pizano Insurance are determined to get you a policy that will keep your vehicle protected on the road. 

What’s required for auto insurance coverage? 

Being a "no-fault" state, Minnesota requires all motorists to have Personal Injury Protection (often referred to as PIP), as well as liability and uninsured motorist coverage. PIP protects you if you get into an accident, regardless of who’s at fault. In addition, Minnesota drivers must secure state minimums for liability coverage, which protects other motorists and vehicles in case of an accident. Uninsured motorist policies cover expenses after PIP policy limits have been reached on the other driver’s policy. It also covers you if you’re involved in a hit-and-run accident. 

Is this enough coverage?

The answer to this question depends on what you need in order to protect you, your passengers, and your vehicle in case of an accident. Are you prepared if your car is hit by a falling object like a tree branch? What if your windshield is damaged? What happens if your vehicle is stolen? Optional insurance plans offered by our team at Pizano Insurance can help answer these questions, and protect your vehicle from them.  We can help the residents of Wayzata, MN, and other areas find the right plan auto insurance plan. 

If you have questions on whether you have the right type of car insurance policy, our agents at Pizano Insurance can help. Get a quote on a new auto insurance plan by using our free online tool, or visit our website for more information.