Umbrella Insurance: A Must for Newlyweds

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.

Motorcycle Insurance Requirements

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!

Does Your Commercial Insurance Cover Damage to a Third Party’s Vehicle While It’s On Your Property?

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!

What is Home Depreciation and How Can it Impact You?

Home depreciation is something that happens as a home ages. What this means is that over time, your home will start to lose some value if you do not make any upgrades or changes to the home. If it is left as is with no changes, there will be newer homes available on the market that have better features and will be worth more money as well. Your home starts to lose value when things break, are outdated, and more. This is an important factor in your home insurance policy and Pizano Insurance serving Wayzata, MN can help. 

Over time, your home will start to depreciate and it does not happen overnight. There are some other factors that can play a small role as well including the economy but it may not play as big of a role as many claim. You will want to make sure that your home insurance policy reflects depreciation and that you are not overpaying if your home as lost value. To ensure you are not paying too much, you will want to get your home assessed for depreciation. 

You do not want to get your home assessed simply for the purpose of potentially lowering your insurance premiums because this can lead to other problems for you later on. However, if you do want to have your home evaluated, you can do so through an easy process. You will need to get in touch with an appraiser or home assessor to come perform the task for you. It is best to have one come through your insurance agency. This process will help you determine the current value of your home and how much it will cost you to rebuild. They will then give this information to your insurance company.  Contact Pizano Insurance serving Wayzata, MN today to learn more.  

End of Summer is a Perfect Time for Car Care

As summer time ends and your summer activities are finished, it’s the perfect time to care for your car before winter arrives in the Wayzata, MN area. An untimely breakdown is never convenient, but during the cold weather, it can be dangerous. Now is the perfect time to review your vehicle’s owner’s manual to see if there are any manufacturer’s recommended schedules for service that need your attention. Beyond the recommendations, here are a few other items to consider.

  • Is it time for an oil change? Most recommend every 3,000 miles if the majority of your miles are stop-and-go short trips.
  • How’s the engine running? If you’re experiencing rough idling, stalling, less power, or a noticeable decrease in fuel economy, these issues can increase in cold weather.
  • Are there driveability issues? Are you experiencing hard stops, pulling to one side while stopping or driving, or if you hear noises when you’re driving, turning, or stopping that is new, then it’s time to have them checked.
  • It could be time to have the cooling system flushed and the belts, clamps, and hoses checked.
  • Depending on weather conditions where you live, your battery may need to be replaced or the fluid checked. Those in extreme temperature areas may need to replace their batteries more frequently and add water regularly.
  • Inspect your vehicle’s lights to make sure all are in working order.
  • Have the exhaust system checked for leaks.
  • Visually check your tires for uneven wear, tread, cracks in the sidewalls, and tire air pressure.

Pizano Insurance

At Pizano Insurance, we care about helping you protect your world. No matter what your insurance needs are, we provide insurance for those in the Wayzata, MN area. Contact us today to explore your auto insurance needs.

Factors to Consider When Selecting an Insurance Policy for Your Motorcycle

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.


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.


Don’t Get Left Out in the Rain Without Umbrella Insurance!

Isn’t it awful when you get caught in the rain without an umbrella? When you get caught with an inadequate level of insurance coverage, it’s much worse than getting caught in the rain without a cover. You can protect yourself by having an umbrella insurance policy from Pizano Insurance, serving Wayzata, MN and the surrounding area. 

1. Protects Your Home

If you should happen to get sued for the amount of money not covered by your standard auto or homeowner’s policy, you could find yourself in a situation where you would have to sell your home to make up for the costs. What you worked so hard could be gone if you don’t have an umbrella policy.  

2. Protects Your Family

Your family relies on you to provide for them. They feel protected knowing you’re taking care of the bills, so they’re comfortable and safe in their own home. However, if you don’t purchase an umbrella policy, they could discover you didn’t think of one aspect. You could let your family down in the event something happens that exceeds the amount of insurance you have on your standard policies.  

3. Gives You Peace of Mind

You might always worry about something huge happening that’s going to cause serious financial consequences for your family. You might plan ahead by saving money, but if the incident that happens is more than you can pay, you could still find yourself being unable to meet your financial obligations. With an umbrella policy, you can have a peace of mind, knowing you have extra insurance that covers what you standard policies don’t. 

Contact Pizano Insurance, serving Wayzata, MN and the surrounding area, to get a quote for an umbrella policy, so you’re never caught in the rain. We’re available by calling 763-244-3320. 

Harbor Dredging Damaged My Boat! What to Do?

Anyone who has spent time in Minneapolis and Wayzata, MN knows the local lakes are a regular hangout, particular for those with boats. However, even well-kept harbors eventually have to be cleared and dredged, a fact that eventually every boat owner is affected by when their harbor is next. Smaller boats are easy to deal with; they are just pulled out after use and put on a trailer. However, larger vessels have to remain in their harbor, and dredging can be a bit of a dramatic event.

While most Wayzata, MN dredging operations are handled professionally and are completed without issue, a sloppy event can be a big problem, according to Pizano Insurance. And boaters may not know the problem will damage their boat until the dredging is complete and the boater tries to move his vessel. Then the damage occurs as the vessel hits soil material under water that wasn’t cleared properly. Ideally, a dredging operation takes the underwater soil dug up and removes it to a barge which then relocates the mud to a farther away location out of the path of boats. However, if a dredger doesn’t account for material being deposited on the sides of the trenching, it can create a lipping effect that boats could hit, especially when tide is low. And that can mean serious damage if the material includes large rocks.

If a boat is damaged, ideally the dredging company can be identified and has a policy in place for damage it causes. The harbor could be held responsible as well for employing the dredger. However, what many boaters find is that their boat insurance policy oftentimes covers such damage that was no fault of their own, and then the insurance company seeks a claim against those responsible. What is needed, however, is a clear linkage that the damage was caused by dredging, and that could require examination of the boat and damaging material. To find out more call Pizano Insurance to understand how a claim process would work.

Is Your Business Safe from Theft and Vandalism?

As a small business owner, it’s your responsibility to keep your enterprise safe from theft and vandalism. Acquiring a business owner’s insurance policy from Pizano Insurance, Wayzata, MN is the first step toward protecting your investment. Here are a few other measures you can take to reduce the risk of theft and damage to your goods or property.

Upgrade Security Measures in Wayzata, MN

Upgrade security measures on your business property to discourage thieves and trespassers from targeting your establishment. This could include installing security lights to protect your property at night or a burglar alarm system and security cameras. Make sure you advertise that your property is protected by an alarm system to deter criminal activity. Upgrading your security will minimize the risk of crime on your business property and protect your assets. Security upgrades may also qualify you for a discount on your business insurance premium.

Secure Important Documents

Secure important documents such as financial statements, tax records, employee records, etc., in a safe location. Paper files that are essential to your business should be stored in secure filing cabinets or business safe. Digital records should be protected by secure passwords and anti-virus software. The sensitive financial material should be handled by trustworthy employees to avoid the risk of internal theft or fraud.  

Establish a “Business Watch” in Your Area  

Get acquainted with small business owners in your area and establish an agreement to watch out for one another and help prevent crime. Encourage your employees to keep an eye out for suspicious behavior in or around the area and to report criminal activity immediately to local police. A collective effort amongst local businesses will be much more effective in deterring crime.  

For greater insight into how to protect your business interests, contact Pizano Insurance, Wayzata, MN.  

Minimum Auto Insurance Requirements in the State of Minnesota

Like many states, Minnesota requires every driver to insure their vehicles, and they must have at least the following coverage:

•    No-fault insurance
•    Liability insurance
•    Uninsured motorist insurance

Every type of coverage must meet the state required minimum, and they must be in force while the driver is on the road.

Minimum No-Fault Insurance

Also called “personal injury protection,” no-fault insurance will pay for any medical bills and loss of income after an accident occurs, and it will pay no matter whose fault it was. 

No-fault insurance will cover you whether you’re a driver or a passenger, and any people who are riding with you will be covered under their policy.

Minimum Liability Insurance

Liability insurance would pay for any damages or injury if the accident was your fault.

If you were involved in an accident for which you are at fault, the other driver’s no-fault coverage would kick in first, and your liability insurance will cover any excess of that amount.

Minimum Uninsured/Underinsured Motorist Coverage

Even though the State of Minnesota requires every driver to have auto insurance, there are many who don’t. This type of coverage is meant to protect you from any liabilities if you get into an accident with one of these drivers.

If you want to get an affordable auto insurance policy that meets the state’s requirements, Pizano Insurance in Wayzata MN can help you get one that you can easily afford. Feel free to reach out to us so we can discuss your needs.

Additional Coverage Options

Despite the state required minimum, there are other types of coverage you can purchase that can give you an extra level of protection. Some of these may include:

•    Collision – Will cover any damages that are caused by an accident
•    Comprehensive – Will cover any damages that aren’t traffic-related

If you want to purchase a comprehensive policy at an affordable price, Pizano Insurance has a team of experienced agents that can help you. We’ve been serving the people of Wayzata, MN for a long time, and we understand the needs of our community. If you want to speak to one of our agents, get in touch with us today!