Author Archives: AgentInsure

Why Every Landlord Needs Umbrella Insurance for Their Rentals

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 So, you own a residential property that you rent out to others? Whether it is a full home, single apartment or room, congratulations are in order. Real estate management is one of the best ways to attain wealth.

Now your task is to retain the standard of living you have acquired. Never make the mistake of assuming that your standard home insurance policy is always enough to protect your investment in times of need. When an accident, lawsuit or other calamity strikes, you will need way more financial resources.

Umbrella Insurance

Assuming that standard home insurance coverage will save you in times of need can prove a costly mistake. The costs of litigation, medical bills and home renovations are rising exponentially. In Albertville, MN there have been owners who have lost their properties totally after an unforeseen accident. Do not let this happen to you.

All you have to do is speak with the trusted agents at Pizano Insurance for professional advice about umbrella insurance to cover your rental property.

Umbrella insurance is a policy that extends your current coverage for miscellaneous events. Think of it as your safety net.

The Problem

Unfortunately, the internet has provided renters with lots of misinformation about their so-called rights. Landlords find themselves under siege. Lawsuits are filed daily, often for trivial reasons. Some unfortunate landlords have to settle out of court just to save money. Others cannot afford to litigate and have to go bankrupt. They lose their rental properties. Umbrella coverage could have saved them.

Likewise, when disaster strikes, such as a flood or fire, you do not want to count on your standard insurance to take care of the bills. Displaced tenants may need somewhere to stay in the interim while you repair the facility. Guess what? You might have to pay for them. The amount can be staggering. Fortunately, with umbrella insurance, you will be better able to take care of these expenses.

Get More Information Today

All you have to do now is contact the helpful agents at Pizano Insurance to find out more about umbrella policies. These professionals want to help you be the best Albertville, MN landlord possible.

4 Things to Know About Your Auto Insurance

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When it comes to getting auto insurance in and around Albertville, MN, Pizano Insurance can help. They can also advise you about the best policy to choose from for your needs, so you can have good protection for your car along with peace of mind. But before you buy a policy, make sure you talk with your agent so you can make an informed decision. Here are four of the things you should know about your car insurance.

1. Policies should be reviewed periodically

Because driving needs change, it’s a good idea to go over your policy with your agent every six months or a year.

2. Different states have different minimum requirements

If you move from one state to another, what you’re required to have for auto insurance could change.

3. Not all vehicles need more than minimum coverage – but it’s still a good idea

If your car is paid for you don’t need comprehensive or collision, but if the vehicle has value it’s still a good idea to keep those coverages.

4. comparing prices should include comparing value, too

The cheapest car insurance may not be what’s right for you, and paying a little more could mean getting a lot higher value in the long run.

With a good insurance agent to help you, it’s not difficult to get a quality auto insurance policy for a fair price. That’s ultimately what you want to work toward because the lowest price isn’t always the best choice. Instead, you want a policy that’s really going to protect your investment. By trusting your Albertville, MN area car to Pizano Insurance, you can get the help and support you need to choose the right policy for your vehicle and driving needs.

When is Umbrella Insurance a Good Idea to Purchase?

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Finding yourself in a situation where you are liable for an amount that extends far beyond your insurance policy, like a horrible car wreck, that is when Umbrella Insurance can be handy. If you are left without some sort of extended coverage, you are on the hook for paying the rest of the damages out of your own pocket.

If you feel that you need umbrella insurance and you are in the Albertville, MN area, consider contacting Pizano Insurance for a quote.

Considering that umbrella insurance policies cover multiple facets of one’s life, it is probably a good idea to get it if you have a lot on the line. Some forms of insurance will cap out at $300,000 or less, which is quite low if you are involved with high-value individuals or property. Instead of having your assets wiped out from a single lawsuit, monthly insurance payments is quite a low price to pay.

Let’s not discount the legal fees associated with a high-value lawsuit. Regardless of the result, consulting with a lawyer for such cases is not cheap and some will charge hourly. Even settling outside of court will add a significant amount to the whole ordeal, which is often covered by umbrella insurance policies.

Keep in mind that some items are excluded from most umbrella policies. This may include malpractice cases, claims against employers, business-related activity, or intentional damage.

To determine if you need umbrella insurance, you will need to evaluate your own lifestyle, assets, and income level. If you have a lot of wealth to lose, umbrella insurance can protect your from a wide variety of surprises in life, much like an umbrella protecting yours from the rain. If you are still interested in this plan and you are in Albertville, MN, check out Pizano Insurance.

 

When is Boat Insurance Needed?

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Owning and operating a boat can a very fun activity, particularly during the warm summer months of the year.  For those that are in the Albertville, MN area, buying a new or used boat is a big decision.  Since it is such a big investment, getting insurance on the boat may be a necessity.  There are several reasons why having a qualified boat insurance policy is necessary for you.

Liability

One of the main reasons why you should get boat insurance is that owning and operating a boat comes with a lot of liability.  Whenever you take your boat into the water, you are taking on responsibilities for all passengers, other people in the water, and any personal or public property nearby.  If you happen to get into an accident, you could be found liable for all of the damage.  Having a liability policy in place will provide you with coverage in the event you are found liable. 

Property Coverage

Another reason you need boat insurance is that it is an expensive asset that needs to be properly covered.  Buying a boat is always a big purchase.  If you have an insurance policy on the boat, you will receive coverage and reimbursement in the event it is stolen, damaged, or involved in an accident.  Having insurance on the boat is also likely a requirement if you took a loan to purchase the boat.  In these cases, you will likely need to have coverage equal to at least the balance of the loan. 

If you are trying to better determine your boat insurance needs, contacting the Pizano Insurance company is a great option. Pizano Insurance can help Albertville, MN area residents determine if they need boat insurance and how much coverage is necessary.  They can then help anyone get into a policy that meets their needs. 

3 Tips for Getting Commercial Insurance in Albertville MN

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If you have invested time, energy and money into opening a business in Albertville, MN, the last thing you want to do is leave it unprotected. This is why purchasing the right type of commercial insurance from Pizano Insurance is so important. 

With the right protection, you can secure your business from lawsuits, disaster and more. Learn about how to buy the right policies for security and protection here. 

1. Bundle

If you are currently working with an insurance company for other policies, such as homeowner’s insurance or auto insurance, consider going to them first. In many cases, the more policies you have with the same company, the more you can save. 

Keep in mind, not all insurance providers offer this, so be sure to find out first, after all, you want protection, but you don’t want to pay too much for that protection. 

2. Compare Quotes

Before jumping on the offer given by your existing insurance provider, make sure to gather quotes from several companies. Doing so will let you compare the coverage options and find the one that best suits your needs. 

Remember, there are several different types of insurance needed for commercial spaces, so be sure to consider this when gathering quotes from various sources. 

3. Work with a Reputable Agent

The best thing you can do when it is time to purchase commercial insurance in Albertville, MN is to work with a reputable agent. They will be able to review what you need and then work on your behalf to help you find the best policies. In the long run, this alone can help you save a significant amount of money. 

If you are interested in purchasing commercial insurance, be sure to contact the team at Pizano Insurance, where you can find out more about the process. 

 

The Importance of Reassessing Your Home Insurance Needs

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When it comes to taking care of your home, one of the first things you will want to do is make sure you have insurance coverage on it. And not only will you need to invest in insurance, but you will want to review your policy every now and again to make sure it is still meeting your needs. Let’s take a closer look at the importance of reassessing your home insurance needs and making appropriate changes to your policy when necessary. 

Living in Wayzata, MN

Owning a home in Wayzata, MN is most certainly something to be proud of. This part of the state features breathtaking scenery and lots of fun activities for the family to enjoy. And while it does tend to stay cold up near Wayzata for many months throughout the year, it actually provides residents with a few months as well. In fact, it is not uncommon for some homeowners in Wayzata to have swimming pools in their backyards. Adding a swimming pool to your property is a great example of why you need to reassess your home insurance needs every so often. 

When you add a swimming to your property, this boosts the overall value of your home; this is why you need to let your insurance company know that you are in need of additional coverage. Also, swimming pools come with certain risks. Your insurance policy will need to make sure you are protected against these risks, so reassessing it will help ensure you have the right coverage. 

To learn more about home insurance in Wayzata, please contact the Pizano Insurance company today. We can even help you with your auto insurance too. 

Do I Need Car Insurance Above the Required Liability Coverage?

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We all know that most require us to carry minimum liability insurance on our vehicles.  That’s the law so we get the minimum and consider ourselves sufficiently covered.  That may not entirely be the truth.  First, understand that liability insurance covers the cost of repairs to the other person’s vehicle if you are deemed to be at fault.  Bodily injury and property damage are the two areas covered by liability insurance.  These policies will provide funding for medical expenses and damage caused by an accident where you are liable.  It should be made clear that a minimum liability coverage will provide no monies to cover your own vehicle repairs and medical costs in an accident where you are deemed responsible.  The agents at Pizano Insurance, serving the Wayzata, MN and Albertville, MN areas, can talk with you about what your policy really covers. 

If you are leasing or financing a vehicle, the lender may require that you carry additional insurance protection.  Many lenders require collision and/or comprehensive coverage policies.  This protects their financial interest in the vehicle until the debt is paid off.  Even if you own your vehicle, you should consider the financial protection these more encompassing policies can offer you.  With you will pay a higher premium each period, if you are in an accident, you have a higher level of safety.

From home to auto or commercial insurance needs, the team at Pizano Insurance serves the needs of the Wayzata and Albertville, MN areas.  They can help ensure that you have adequate insurance coverage based on your current needs.  Periodically, you can have your agent review your policy should your lifestyle or needs change.  Visit their website then visit their office for the coverage you need.

Do I need extra insurance to cover my motorcycle accessories?

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Motorcycles are much more than just motorized bicycles. They are a symbol of freedom and individuality, and people who ride often have a spirit of independence. They can also be adapted for comfort and style by adding a variety of accessories. These accessories can add value to the motorcycle but they can be expensive, and it is important to know they are protected in the even of damage or theft.

Some of the accessories you purchase may include sidecars, trailers, fancy plating and even riding apparel, which can keep riders safer while looking very stylish. The accessories can be damaged on their own, or as part of a bigger mishap. Sometimes parts are stolen or vandalized while the motorcycle is outside.

If you ride a motorcycle in Wayzata, MN, we at Pizano Insurance can help you make sure that your current motorcycle policy also extends coverage to your accessories, or we can help you obtain a policy which does cover those items. While some policies already cover accessories, you can probably obtain much more comprehensive coverage if you add on a policy to your existing one. Because this policy is being added on, you can probably get the additional coverage for a very reasonable price. You are always subject to the limits on your current policy, so adding on coverage will make your protection greater.

Your accessories are part of your experience, and often provide extra comfort and protection. Protecting them is important. If you have motorcycle accessories that you want to protect, please feel free to contact Pizano Insurance. We help the people of Wayzata, MN with all their insurance needs.

Umbrella Insurance for High Wage Earners

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For families that earn $250,000 or more per year, savvy financial moves can make the difference between having more than enough and struggling to afford the lifestyle you prefer. The experts at Pizano Insurance want you to help their Wayzata, MN neighbors preserve wealth and enjoy the fruits of their labors. Here are some ways umbrella insurance can add an extra layer of protection and flexibility to your portfolio.

  • High-wage earners are often employed in positions that come with some personal risk. Doctors, legal professionals, and other professionals could be hit with a lawsuit for any number of reasons. An adverse judgment could empty your savings, challenge your credit, and put your whole future in jeopardy.Business umbrella policies help pay costs associated with lawsuits and other issues of liability.
  • If a significant portion of your income comes from a business, you need umbrella insurance.Whether your business is a corporation, partnership, or sole proprietorship, you could be found personally liable for loss or damage sustained through the use of the company’s products or services. A personal umbrella policy protects your personal wealth from litigation efforts.
  • Living the good life often means debt. The mortgage on your primary home, vacation property, and vehicle payments can stretch even the most generous budget. If a catastrophic event took your home or completely destroyed your vehicle, the insurance payment from your primary policy might only be enough to cover the bank’s losses on financed property. An active umbrella policy would send payment directly to you. You could then use the funds to replace your lost property.

Do you have enough insurance? Contact the experts at Pizano Insurance for a review of your policies. We can help you protect all of your important things in the Wayzata, MN area.

Your Food Truck Needs Commercial Insurance

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Your driving around minding your own business when it jumps out at you, yet another food truck on the side of the road trying its best to ruin your diet plans. We are right there in the struggle with your at Pizano Insurance in Wayzata, MN. 

Food trucks have become a mainstay of our society today. They are literally everywhere. If you are considering taking your passion for cooking on the road, think about the fact that these food trucks have special insurance needs. You may already own a food truck and may be operating from a position of being under insured. Let us sit down with  you to discuss all of your insurance needs as it relates to your entrepreneurial enterprise.

Cuisine on wheels had different aspects that are unique to each and every food truck. Is their dining  space available in front of the truck? Is your food truck in operation year round or do you only offer seasonal fare at your eatery? Are you in adherence to all of the laws that govern your commercial business such as hiring practices, labor laws, health department mandates? It is important to speak with an insurance agent about any questions you may have to ensure you have the proper coverage for any issue that may arise.

Selling delicious food is only the start to owning a successful food truck! 

In addition to commercial insurance at Pizano Insurance agency in Wayzata, MN caters to your auto, homeowners, recreational, umbrella, motorcycle, and boat insurance needs. Call us at 763-219-4114 to discover how you can simplify your life by having the right type of coverage right when you need it. We make understanding your policy as clear as day and as right as rain. No need to stress, you have enough on your plate.