For small motor boats insurance is not required in Minnesota, but for boats with engines of more than 50 horsepower, liability insurance at minimum is required. Even if not required, some liability insurance is a good idea, according to Pizano Insurance in Wayzata, MN. Non-motorized boats, like canoes, and most personal watercraft like jet skis, do not need insurance. Boats kept in state parks have to have liability insurance regardless of engine size.

Boat insurance is very similar to automobile insurance in how it operates, though you do need a separate policy for your boat. Liability insurance covers any damage you might cause in an accident. There is also medical insurance that will cover injuries whether or not you are at fault.

There is also physical damage coverage, similar to collision insurance on a car. You may also get coverage for uninsured boaters, so if someone else damages your boat and is not insured, you can still recoup your losses.

There is also insurance to cover fuel spills or the cost of cleanup, should your boat sink. Other add-on’s may also be available to meet your individual needs.

Another item to keep in mind is the value of your boat. When you get your policy, you will agree on the amount of coverage. The value of boats depreciates just like it does with automobiles. If your boat is damaged or destroyed you can receive the amount it was insured for, as opposed to the market value, which could be much lower.

Stop by or call Pizano Insurance in Wayzata, MN to get more information about getting insurance for your boat. Our professional staff can help you make sure you have the coverage you need, so you can be safe and worry-free when you are on any of the lakes or waterways of Minnesota.

Mopeds are becoming more popular due to their low cost and gas savings. If you drive a moped, you may or may not be required to insure it. Currently, only 24 of the 50 states require mopeds being driven on the road to have insurance. However, even if your state does not require it, it is always wise to invest in insurance to protect yourself if there is an accident or your moped is stolen. One of the questions that we at Pizano Insurance, serving the greater Wayzata, MN area are asked, is whether a moped can be insured using motorcycle insurance. Here is some information for you regarding this question. 

There is not separate moped insurance policies that are sold. As such, most mopeds can be insured under a motorcycle insurance policy. If your moped has an engine that is 50 cc or larger or the bike goes over 30 miles per hour, it is considered by most states to be a motorcycle rather than a moped and needs to be insured under a motorcycle insurance policy. In most states, liability insurance is required for motorcycles. 

In addition to needing the insurance to be on the road if the engine has certain speeds, many lenders require you to carry motorcycle insurance on a moped even if the state you live in does not require it. This helps to protect their financial interest in the moped until the loan is paid off. 

If you are looking to insure a moped or a motorcycle in the greater Wayzata, MN area, Pizaono Insurance would love to help. Call us today to discuss your needs with one of our friendly agents and receive a free motorcycle insurance quote.

Marriage is bound to bring many changes to your life as you take steps to combine households with your significant other. In addition to setting up a new home in Wayzata, MN, you should take time to reassess your insurance needs. At Pizano Insurance, we can help you determine insurance coverage that’s best suited to your new situation. As newlyweds, you may be very interested in what umbrella liability insurance has to offer.   

Protection of Valuable Assets

Marriage often increases a couple’s assets, providing them with additional savings, income, real estate property, and goods. Umbrella insurance provides extra liability coverage to protect these assets against lawsuits if you’re held liable for an accident at home or on the road.

A serious accident could cause injuries that surpass the liability limits of your home or car insurance policies. If you’re sued for additional costs, you could suffer financial ruin just when your married life is getting started. Umbrella insurance can provide you with an additional $1 million or more in liability coverage to protect your valuable assets in this new phase of your life.

Protection of Lifestyle

With umbrella insurance, you can have greater peace of mind to pursue the lifestyle you desire. Certain lifestyles and amenities such as a pool, boat or sports car increase the risk of being sued in the event of an accident. With umbrella coverage, you and your spouse can enjoy married life to the full without worrying about what may or may not happen as a result of your lifestyle.

At Pizano Insurance, Wayzata, MN, we can help you personalize your home, auto and umbrella coverage to suit your individual needs. Obtaining adequate insurance protection is one of the most important decisions you’ll make as newlyweds in establishing your financial future.

People who live in Wayzata, MN and who ride on motorcycles are required by state law to purchase various insurances, ensuring the protection of everyone who travels on the road. The penalties are severe for those who drive without their proof of insurance, and uninsured people can face heavy fines. They can even be arrested and put into prison. In addition, a motorcycle operator can have his or her license suspended or revoked if they do not purchase insurance within the allotted period of time prior to their court date.

Insurances Required by Minnesota State Law

You are responsible for obtaining coverage that will pay for the damages rendered to another person’s vehicle or property that are found to be your fault. You also must carry indemnification that will pay for the medical bills related to the bodily injuries that result from a collision that is caused by you. 

The state of Minnesota sets forth requirements that motorcyclists also have underinsured motorist insurance. This provision ensures that a person is still protected when they are hit by somebody who does not have adequate insurance coverage, and each driver must have insurance that provides for his or her own bodily harm and for the physical losses sustained. 

In addition, Minnesota residents are mandated to purchase uninsured motorist coverage. This insurance will pay for the medical costs related to accidents that involve a person who does not have insurance. Personal Injury Protection, while a requisite for drivers of cars and trucks in Minnesota, is not a requirement for motorcycle operators.

Pizano Insurance Can Help You  Get Insured

Pizano Insurance has served the residents of Wayzata, MN for years, and we can find the right motorcycle insurance package for you. Call us, or visit our office to speak to one of our friendly agents today!

The agents of Pizano Insurance serve residents and business owners in Wayzata, MN. It’s important for business owners to have a commercial policy in place that protects their investment as well as prevents financial loss in case of an accident. Liability insurance is just one of many different types of policies that are included in commercial coverage insurance.

Third Party Liability

Third party liability involves coverages for damages to a third party’s property while it’s in your business. Liability coverage protects your business from financial loss if a person’s property is damaged or they are physically injured while on property owned by your company. The three parties involved in this type of coverage are the insurance agency, the business owner and the owner of the property in question. Most types of liability coverage are considered third party liability.

Umbrella Coverage

Umbrella coverage is a term given to a grouping of insurance policies that are used to protect a business from many different types of loss. This is sometimes considered an additional line of coverage that goes over and above what other types of policies cover. It generally pays for major claims that would cause a catastrophic financial loss for your company. It also includes coverage for situations that are not covered by traditional policies.

If you’re a business owner in Wayzata, MN and need answers about commercial insurance coverage, call the agents of Pizano Insurance today. They can evaluate your needs and find a policy that provides the right amount of coverage for your particular type of business. Call them today to schedule a review of your insurance policy!

Owning a motorcycle is the easiest and most convenient way to move around Wayzata, MN. However, it can be disappointing when the two-wheeler causes property or bodily injuries to people, forcing you to pay huge bills to the parties affected by the accident. In this event, motorcycle insurance policy comes in handy to help in settling costs associated with riding damage or injury. Even Wayzata law clearly states that an insurance policy is necessary for any motorbike owner. This is why you need to head to Pizano Insurance and get an insurance policy for your motorcycle. Do you understand how to choose a policy for your bike? Here are the top considerations for selecting motorcycle insurance policy.

Cost of Premiums

This is the most important factor to consider when shopping for motorcycle insurance in Wayzata, MN. Premiums charged on each policy are different; therefore, for you to make a solid decision about the suitable policy, it is important to look at the benefits accruable from every policy and the respective cost of premiums. Ideally, choose a policy with cheaper premiums but carries more benefits such as discounts and bonuses.    

 Compare Different Policies

There is a variety of policies offered by Pizano Insurance. Each policy has different features and benefits. Taking a closer look at every policy will help you determine the type of policy that suits your motorbike. In-depth analysis of policies will also be beneficial in understanding the exclusions of each policy, giving you a chance to make decisions that are more informed.

Discounts

The most appropriate way to reduce your premium rates is to look out for a policy that comes with discounts. Discounts can range from multi-bike discounts to experienced riders discounts among others.

With these tips, finding an appropriate bike cover will not be challenging any more. Consult Pizano Insurance for a trouble free experience.