The importance of keeping a home inventory

The importance of keeping a home inventory 

While buying home insurance seems to be one of the best ways to protect your home and valuables, creating an inventory makes filing a claim much easier and efficient. For instance, if thieves broke into your Wayzata, MN home and made away with several items. How will you convince your insurance provider that you owned them? It can be tedious and time-consuming, which is why Pizano Insurance recommends creating and updating your inventory.

It makes filing a claim faster and easier

The last thing you want is a back and forth game with your home insurance company after a disaster strikes your home. What you need and deserve is a smooth transition that will help you get back to your normal life as soon as possible. Without an inventory, your insurance company may have a difficult time believing your word of mouth.

It helps you buy the right amount of insurance

 How will you buy the correct amount of home insurance if you don’t know what you have? When you shop around for a home insurance policy in Wayzata, MN, very few companies can accurately estimate your home insurance value without calculating the value of your belongings. Therefore, you may end up over-insuring or underinsuring your home. Some companies can also take advantage of that fact and add coverages that you don’t need. However, when you have a correctly updated inventory, you can have a more productive conversation with your insurance company.

An inventory helps when applying for financial assistance

Following a catastrophic event, there is only one way to determine whether you qualify for disaster assistance or tax break—substantiating your financial losses. An updated inventory can be quite helpful in such a process.

Not sure where to start? Pizano Insurance can help you analyze your insurance needs and help you determine how to protect your possessions effectively. Call us today!

Auto Insurance Requirements in Wayzata, MN

If you live in Wayzata, MN, you should be familiar with auto insurance requirements in the state of Minnesota. Insurance professionals, such as the ones who work with Pizano Insurance, can potentially help you if you are seeking information.

As is the case in most states, if you live or drive in Minnesota, you need to have auto insurance coverage. This is necessary if you want to register and drive a vehicle anywhere in this state. You will need to have coverage for the following: bodily injury to others, property damage liability, uninsured motorists, and underinsured motorists. There are minimum amounts of coverage that you are required to have, but the majority of people will opt for higher amounts, in order to provide themselves with all the protection they need in the event of an accident or mishap. You also need personal injury protection or PIP. The car insurance requirements in Minnesota are relatively extensive when compared to other states.

There is also an alternative for people in Minnesota who have been denied auto insurance on the open market. If this has happened within the past 60 days, they can apply for coverage via the Minnesota Automobile Insurance Plan. This is a network of insurers that is meant to be of assistance to high-risk drivers. It helps them secure coverage at price levels that have been firmly established. This can be a very useful option to people who do not have the ability to obtain car insurance another way in the state of Minnesota.

If you live in the city of Wayzata, MN and are interested in learning more about auto insurance, you should contact the professionals at Pizano Insurance. They will be able to answer questions that you may have and potentially point you in the right direction in terms of choosing an auto insurance policy for yourself.