Don’t Drive Without Auto Insurance – It’s Against the Law

Do you live in the Wayzata, MN area? Pizano Insurance can provide the insurance coverage that is so important.

Why is it important? In 48 out of 50 states, personal auto insurance is required and provides financial protection if you are involved in an accident.

Car insurance is a binding contract between the policyholder and the insurer that guards against financial loss if theft or accident occurs. In exchange for the premium payment, the insurance company will pay for your losses as stated in the policy.

The coverage is as follows:

  • Property – damage or theft to your car
  • Liability – the legal responsibility to others for bodily injury or property damage
  • Medical – the cost of treating injuries and rehabilitation, lost wages, and funeral expenses

Policies are typically issued for a six-month or one-year period and are renewable. The insurance company will let you know when the policy is up for renewal.

Your policy will cover you and other family members listed on the policy. The policy will also provide coverage if a driver not on your policy is driving your car with consent.

Auto insurance requirements are different from state to state. When financing a car, the lender may have additional requirements. Every state requires by law for car owners to have the following:

  • Bodily injury liability will cover costs associated with an injury or death
  • Property damage liability will reimburse others for damage you cause to another driver’s car or property, such as a fence, utility pole, or building.

Many states also require the following:

  • Medical payments or PIP, which provides reimbursement for medical costs for any injuries to you or anyone in your car. It will also cover lost income and other expenses.
  • Uninsured motorist coverage will reimburse you if a driver causes an accident without auto insurance. Underinsured motorist coverage is also available.

Pizano Insurance can provide you with a quote or answers to your questions. Contact our team today.

Why should someone get home insurance in Minnesota?

Buying a home in the Wayzata, MN area is often an excellent long-term option. If you decide to buy a home here, it is necessary to get insurance for it. There are various reasons to get this coverage when here. 

Receive Financial Protection

One reason to get home insurance is that it provides financial protection for unexpected losses from fire, natural disasters, or other covered risks. This insurance can help you repair or replace your home and personal items. This will ensure that your financial setback is limited if you incur a covered loss. 

Liability Support 

Property owners should not take their personal liability risks lightly. If there is ever an accident on your property, you can be liable for damages. In some cases, these damages can be significant. A great way to reduce this risk is by getting home coverage. When you have this insurance, it will provide the support you need to reduce your personal financial damage. 

Insurance is a Requirement

You also may find that home insurance is a requirement. If you have decided to take out a mortgage to buy the home, your lender will likely require that you carry insurance. In many cases, they will also require you to escrow payments. Those in a home association will also have specific insurance needs. With home insurance, you will remain in good standing with such requirements. 

If you are looking to protect yourself and your home better and you are in the Wayzata, MN area, it would be a great idea to call our team at Pizano Insurance. At Pizano Insurance, we pride ourselves on helping clients understand their needs and options for insurance. This will ensure you can build an ideal plan for your situation.