Four things you might not know about your auto insurance policy

Motorists in Wayzata, MN need to ensure they’re fully informed about their auto insurance policy details. We sell auto insurance to motorists at Pizano Insurance, and we’re happy to answer any questions our customers have regarding their policy.

The following are four things you might not know about your auto insurance policy. 

The amount you have to pay as a deductible if you file a claim

The deductible on your policy is one of the most important details you should be aware of. If you file a claim on your policy, you’ll have to pay a deductible.

It’s vital that you plan ahead and have at least this much money set aside in emergency savings so that you can pay your deductible when you need to. 

The types of coverage your policy includes

When you buy auto insurance, your policy can include liability, collision, comprehensive, and a few additional coverage types. Look over your options regarding coverage types and choose the types of coverage you want and need. 

The length of your policy term

Auto insurance policies are typically sold as 6-month or 12-month policies. Make sure you know when your policy term will end so that you need to renew coverage. 

The process you have to go through to file a claim

Most auto insurance providers allow claims to be filed by phone or online. However, you need to specifically check claim instructions when you buy a policy so that you know how the process works. 

At Pizano Insurance, we know how important it is for consumers to be adequately informed about their policy details. If you own a vehicle in Wayzata, MN, you can insure it with our assistance. Contact us now to get a quote on an auto insurance policy. 

When Disaster Strikes: How Home Insurance Can Help You Rebuild and Recover

When disaster strikes, the peace of mind that comes with a home insurance policy is immeasurable. Pizano Insurance is committed to providing our neighbors in Wayzata, MN with the home insurance needed to recover if disaster strikes. Storms, fires, or unforeseen events can cause significant damage, often requiring extensive and costly repairs. This is where home insurance becomes your safety net.

Replacing Personal Belongings

A home insurance policy will not only cover the structural repairs or rebuilding costs but also replace personal belongings that may have been lost or damaged. Actual Cash Value replacement includes the cost of the home’s materials and the cost of rebuilding, minus depreciation. If your ten-year-old sofa is damaged, you’ll be paid for the value of a ten-year-old couch, not a new one.

Another option is Replacement Cost coverage. This policy covers the actual expense of replacing your home or belongings without deducting for depreciation. In other words, if your ten-year-old sofa is damaged, you’ll be given enough to buy a comparable sofa. It’s a more comprehensive coverage, providing a broader safety net in the unfortunate event of a disaster.

Additional Living Expenses (ALE)

Finally, additional living expenses (ALE) coverage is another critical component of homeowner’s insurance. A disaster can make you temporarily homeless, but ALE coverage helps cover the cost of temporary housing and additional living costs while your home is being repaired or rebuilt.

In essence, home insurance coverage offers a comprehensive solution to homeowners in Wayzata, MN, facilitating their journey to recovery post-disaster. While certain catastrophic events may not be covered under a standard policy, Pizano Insurance agents are ready to help you understand and acquire the additional coverage you might need.