Three things to know before you choose a home insurance policy in Minnesota

Insuring your home is an important thing to do. Your home is a valuable asset that you put a lot of time and effort into. At Pizano Insurance, we can provide you with a home insurance policy that will protect the investments you’ve made in your home. 

The following are three things to know before you choose a home insurance policy in Wayzata, MN. 

How to escrow insurance payments

Escrowing insurance payments is the most convenient way to make sure that your insurance payments are being made.

When payments are escrowed, your mortgage lender handles them for you. This way, you don’t have to handle them yourself and you don’t have to worry about missing them. 

Discuss escrowing your mortgage payments with your mortgage lender to make home insurance more convenient for you. 

The amount of coverage you need

A home insurance policy has certain maximum coverage limits on it. It’s important that your coverage maximums are not too low.

You want your policy to cover the full value of your home when it comes to damages. This means that you should know the actual market value of your home when you purchase your policy. 

The cost of your monthly premium

The cost of your monthly premiums is an essential consideration. You need to make your home insurance payment month after month. Otherwise, your home insurance policy could be canceled. 

You need to budget carefully to make sure you can afford your home insurance costs. Over time, home insurance is a considerable expense. You need to make sure you can afford the insurance costs of owning a home before you buy it. 

If you need help finding a home insurance policy in Wayzata, MN, let us know at Pizano Insurance. We’ll answer your questions and respond to your inquiries regarding your home insurance needs. 

Three important considerations when you’re purchasing auto insurance in Minnesota

Choosing the right auto insurance policy is a priority for any motorist. Pizano Insurance is a provider of auto insurance and numerous other types of insurance in Wayzata, MN. 

If you’re on the market for auto insurance in Minnesota, you need to make sure you take the following three considerations into account in selecting your policy.

The frequency with which you drive

Auto insurance providers are going to want to know how frequently you use your vehicle. The more frequently you use your vehicle, the more your insurance costs are likely to be.

If you don’t drive very often, you can probably take advantage of lower auto insurance rates. Make sure you notify your auto insurance provider if you use your vehicle infrequently or don’t use it for a daily commute. 

How you use your vehicle

If you use your vehicle for work purposes, this is going to impact your auto insurance needs. You should make sure you specify that you use your vehicle for commercial purposes when you purchase auto insurance.

You’ll probably need to purchase commercial auto insurance coverage to make sure that you’re covered for business use in your vehicle. 

Whether you want collision coverage

One of the most important things to know is that coverage for damage to your own vehicle won’t be included in a standard liability coverage policy. You need to invest in collision coverage if you want damages to your vehicle to be covered.

It’s almost always a good idea to invest in collision coverage. However, you might want to forego this type of coverage if the value of your vehicle is not very high. 

Get started researching your auto insurance options in Wayzata, MN with our help at Pizano Insurance. Contact us with inquiries about our insurance products.