Can your home insurance require repairs?

You may have received a letter from your home insurance carrier telling you that they want you to do a particular repair. Are you required to do this repair just because they want you to? The simple answer to this question is yes since they can cancel your policy if you don’t comply. For the most part, if your insurance company tells you a repair is necessary it is best to do it as soon as possible. Pizano Insurance in Wayzata, MN will be happy to discuss this issue with you if you have questions. 

Some repairs that insurance companies request may be the result of an inspection that was made of your home and others may be the result of a claim that you recently had. An issue may have come to light and they are within their rights to ask that this issue be corrected. However, sometimes the insurance companies can be a little too aggressive in their requests and it may be possible to delay if not totally avoid the repairs that they are demanding. 

If they tell you that they will cancel your insurance if you don’t replace your roof, you may be able to get a contractor to do an inspection that can give you at least a little time. If you have a contract to have a repair done within a reasonable amount of time, say 6-8 months, the insurance company may be willing to work with you. 

When it comes to home insurance companies, basically they hold all the cards. They have the insurance and you need it so that places you at a serious disadvantage when it comes to fighting them. 

Pizano Insurance in Wayzata, MN is happy to discuss this and any other questions you may have about home insurance. Give their office a call by the office. 

 

Are DIY Home Security Systems As Effective As Professionally Monitored Ones?

Home security systems offer homeowners peace of mind and the assurance that they have done everything they could to protect their home and family. The agents at Pizano Insurance encourage local homeowners in Wayzata, MN to do everything they can to protect their families and possessions. It’s up to you to decide whether you want a professionally monitored system or one you monitor on your own.

Self Monitoring Home Security Systems

Self-monitoring of home security systems are quite effective and are reasonably priced. While some do it yourself systems give you the option for professional monitoring, they are designed so that you can easily monitor them yourself from an app for your smartphone or through the system itself.

Professional Systems

Professional systems tend to be more expensive and often require a contract. Most security companies offer 24-hour, professional monitoring that will notify local authorities in case of an emergency. They also offer professional installation and 24-hour customer service.

Your Choice

It’s up to you to decide how much time you want to spend monitoring your home security system or whether you want to pay for a professional monitoring system. Some home security companies allow you to pay for your service by the month and can turn it on and off at will.

In Wayzata, MN, you can discuss your home security options with an agent at Pizano Insurance. They have the knowledge an experience to help you make an informed decision when it comes to the right home security system for your home. Schedule an appointment by calling their office or visiting them online. They have the answers to your questions!

 

3 Tips for Buying Home Insurance in Wayzata, MN

Protecting your home is an important task. You put effort into this by maintaining your property, having maintenance and repairs scheduled for heating and cooling systems, upgrading when needed, and taking pride in having a place to call your own. Life is unpredictable, however, and we never know what the future could bring. Fire, theft, and even a lawsuit could put your home in jeopardy. With the right home insurance in Wayzata, MN, you can have peace of mind knowing that whatever might happen, your insurance policy has you covered. If you’re in the market for a new home insurance policy or want to upgrade an existing one, here are three tips that will help you secure the right policy and save you money in the process.

1. Compare Several Quotes

No two insurance quotes are exactly the same. That’s why it’s always a good idea to compare many quotes before purchasing a policy. An agent from Pizano Insurance can help you go over the quotes to understand the coverage and cost and pick the right one for your needs.

2. Bundle Your Insurance Policies

Because Insurance Companies reward loyal customers, it’s a good idea to bundle your insurance policies under one carrier to get a discount on your premiums. This is a fast and easy way to save money on your home insurance.

3. Work with a Reputable Agent

To find the right home insurance policy for the best price, work with a reputable and experienced insurance agent who will help guide you through the process. This agent should be friendly, knowledgeable, and patiently answer all of your questions.

To purchase a home insurance policy in Wayzata, MN, contact Pizano Insurance today. Our friendly agents are standing by to take your call. 

Do You Have Enough Home Insurance Coverage?

When it comes to home insurance, you don’t want to be caught short. Insufficient coverage could cost you tens of thousands of dollars out-of-pocket if you were to suffer a catastrophic loss. At Pizano Insurance in Wayzata, MN, we’ll help you select home insurance coverage that adequately protects your home investment and assets. The following tips can be helpful in determining how much protection you need.

Dwelling Coverage

Your dwelling coverage should be sufficient to rebuild your Wayzata MN home if it’s destroyed by a severe storm, fire or other catastrophes. This includes major renovations you may have done since purchasing your property. Replacement cost coverage covers the cost of replacing your home if it’s destroyed in an unforeseen disaster, giving you the protection you need.   

Personal Property Coverage

Personal property insurance protects your personal goods to include furniture, household appliances, electronics, clothes, jewelry, sports equipment and more. Replacement cost coverage for your personal goods provides you with the funds to replace these items if they are stolen or totally destroyed in a covered peril.

By creating a home inventory, you’ll have a record of what you own to make it easier to make a claim. Your home inventory should include photos or videos of pricey items along with receipts of purchase to verify their value. If the limits of your home insurance aren’t enough to cover high-end goods, you may need additional coverage to protect their full value.

Liability Coverage

Liability insurance pays for the medical costs of visitors who have an accident on your property. It also covers your legal expenses if your visitor decides to sue for damages. If you entertain often, you’ll want to have sufficient liability coverage to protect your assets.

For customized home insurance to protect your valuable investments, contact  Pizano Insurance in Wayzata, MN.

How To Protect Your Home From A Windstorm

If you’ve lived in Wayzata, MN for a while, you probably understand how much of a threat windstorms can be in the area. A little bit of wind may seem harmless at first — After all, if it’s not categorized as a tornado or hurricane, it doesn’t have as much of a capacity for damage, Right? Wrong.

Windstorms can spell tragedy for your house and anyone inside of it. Even if you’re planning to evacuate your home for the duration of the storm, experts such as Pizano Insurance recommend taking a few important precautions to keep your home safe and in one piece as it rides out the storm.

1. Check Your Home’s Perimeter

Your house may have been built to outlast a strong storm, but is its perimeter secured?

Before the storm is due to arrive, take a walk around your property and inspect it thoroughly. Look for any loose rocks, pieces of wood, and other objects that might be lifted by a strong wind. Should you find any such items, get rid of them or secure them safely in a shed or garage.

You should also ensure that any buildings on your property, including your home, are firmly rooted in place. There should not be any shifting ground or soft soil around the perimeter of your home.

2. Seal Your Windows And Doors

It’s always a good idea to cover your windows and doors in preparation for any kind of storm. Boarding up your entryways and windows may be necessary if you anticipate strong enough winds.

3. Make Sure Your Appliances Are Grounded

Are all of your electrical appliances grounded?

This is especially of great importance when it comes to major appliances like clothes dryers. Make sure that all of the electricity around your home is grounded and properly secured. If you have any outdoor electrical appliances (such as a grill or even a hot tub), unplug everything and secure properly before the storm.

4. Cut Down Any Unnecessary Trees

Are there any unnecessary trees on your property?

If so, this might be a good time to cut them down, or at least give them a good trimming. If you have enough time before the storm is due to start, take care of this task to the best of your ability.

Old trees that seem to lean or waver even in weaker wins are especially of concern. Having such trees on your property may be an issue for your home insurance provider as well.

If your neighbor’s trees are a threat to your Wayzata, MN home in the instance of high winds, discuss the possibility of having them removed.

Can your Home Withstand A Windstorm?

A strong enough wind can wipe out even the sturdiest of homes if preventative measures are not taken. Call Pizano Insurance today for a homeowner’s insurance quote or to get added protection. We are here to help you ride out the worst of storms.

What Factors Void a Home Insurance Policy?

Home insurance is something that is essential for anyone that owns a home. It protects your home from fire, from storm damages, from break in and more. This is a great way to make sure that your home is protected and that you are not going to be out a great deal of money if something happens. If you live in the Wayzata, MN area, the agents with Pizano Insurance can help you to find the home policy that is going to work best for you and your home.

Home policies are not as difficult to void as you might imagine. There are many factors that might void a home policy. A great example is arson, if it is found that you were the one that caused a fire that burned your home down, then in all likelihood you will end up in jail and your home policy is not going to pay out. Another example would be if someone got injured on your property and it was the direct result of your negligence. In this case your home owner’s policy is not going to pay out. Another event in which your home owner’s policy is not going to be valid is if you do not pay your premiums or if it is proven that you are providing fraudulent information to your insurance company.

You should take the time to get all your policy information to find out what the policy covers. Your homeowner’s policy is crucial and can make a world of difference in how easy it is to come back after something terrible happens to your home. If you live in the Wayzata, MN area, the agents with Pizano Insurance can help you to find the right insurance policy for your needs.  

Does Your Homeowners Insurance Protect You If You Rent Out Your Home?

Whether you’re renting out your entire home or simply renting out a room or two, becoming a landlord can have its perks. For starters, it’s a great way of earning extra income while putting otherwise vacant properties and unused rooms to good use. As a responsible Wayzata, MN homeowner, chances are you already have your home covered with a homeowners insurance policy. However, you may be wondering if it protects your home while it’s being used as a rental property.

It Depends on the Rental Situation

Pizano Insurance knows that not every insurance policy is the same. While your homeowner’s insurance covers a broad range of situations, said coverage may differ when it comes to using your home as a long-term rental property.   

If you’re currently living in your home and occasionally rent out a spare room for short periods, you can still rely on your homeowner’s insurance to cover property damage. However, the extent of your coverage may depend on the number of current renters and the length of the rental itself. Some insurance providers limit coverage to occasional weekend rentals while others require an endorsement before authorizing coverage under these conditions.

If you have a second home you plan on renting out long-term, however, you’ll need landlord insurance. A landlord policy provides similar coverage as a traditional homeowners policy – in addition to coverage for property damage caused by wind, fire and other named perils, you’ll also get coverage for personal property left behind for maintenance and upkeep. Appliances and other property used by tenants may also be covered.

Having the right insurance for your Wayzata, MN home is crucial no matter how you plan on using your dwelling. The experts at Pizano Insurance can help you choose the right coverage for your situation.

What Does Your Homeowner’s Policy Cover?

Residents in the Wayzata, MN area understand the importance of homeowner’s insurance to protect their primary property. But do you know what your policy actually covers? While the details of each contract may vary, here are some of the things most homeowner’s policies cover, and a few that they don’t.

  • Your homeowner’s policy will cover your home’s physical structure. This includes the walls, foundation, plumbing, and electrical systems. Other structures on your property, like detached garages and sheds, may also be covered from a range of possible events like fire, theft, or vandalism. Expanded coverages are available for any threats that cause you concern. If you aren’t sure what coverage your policy offers, talk to an expert at Pizano Insurance for a review of your current contract.
  • Liability is an important part of homeowner’s coverage. If someone is hurt while they’re on your property, this coverage pays for their medical bills and helps defray other court-ordered costs associated with the accident. Your liability coverage will even help you pay for a lawyer to fight your case. If the case is decided in your favor, you won’t have to pay back the funds.
  • When your home is damaged due to fire, wind, or other acts of nature, you lose more than a living space. All of your precious possessions are often exposed during a catastrophic event. Your homeowner’s policy will help you replace the clothing, equipment, and personal items that you store on your property. If you run a business out of your home, however, your residential coverage may not be enough to replace all of your things. Talk to an insurance agent about special coverage for work-from-home residents.
  • Some other things that may not be included in your policy are high-value items like jewelry and artwork, pools, trampolines, and sump pumps.

The professionals at Pizano Insurance carry homeowner insurance policies for residents in the Wayzata, MN area. Let us know how we can help keep your private property safe from misfortune.

Homeowner’s Insurance Can Protect You From Slip and Fall Liabillity

Slip and fall claims can be brought against you for many reasons, including sidewalk falls, stairwell accidents and flooring-related slips. Typically, these incidents are covered under a homeowners insurance policy. If you have any questions on what type of homeowner’s insurance you need, contact a representative from Pizano Insurance in Wayzata, MN. In the meantime, here is some information to help you understand your legal rights and obligations regarding other people who visit your property.

Types of Slips and Falls 

Stairway accidents are often caused by objects left on the stairs, while sidewalk accidents often happen when someone slips on ice or snow, or trips on uneven sidewalks. Inside the home, accidents often occur as the result of a guest slipping on uneven or slippery floors.

Regardless of the type of slip or fall, it’s not automatically the homeowner’s responsibility. In order to win a slip and fall case, the injured party needs to show the owner’s negligence caused or contributed to the conditions causing the injury.

This is determined by proving the owner was or was not reasonably safe. For example, homeowners are usually held responsible for keeping the areas where visitors walk safely. A big exception to this is someone who’s committing a crime on the property.

Homeowners’ Insurance and Slip and Fall Claims

If you are liable for an injury that occurred on your property, the next question is whether it’s covered by your homeowner’s insurance policy.
Most policies coverslip and fall injuries as long as the owner didn’t intentionally cause the accident.

Homeowners’ have two types of insurance coverage, liability and no-fault medical. 

Liability covers someone injured on your property. However, if the medical expenses exceed your policy limits, you may have to pay the difference.  Medical coverage, called “no-fault medical coverage.” pays for injured person’s medical treatment, whether the owner is at fault or not.

If you want to learn more about your current policy in Wayzata, MN or determine if there’s another that’s better for you, call Pizano Insurance to set up an appointment for a free quote.

How Soon Should You Inform Your Insurance Company If Your Home Is Damaged?

When you discover that your home has been damaged by inclement weather, vandals, or someone trying to break in, you need to report it your insurance company immediately. If the damage is related to a break-in, notifying the authorities is a must and should never go without being reported. If you live in Wayzata, MN, you can rely on the agents of Pizano Insurance to help you get through an incredibly stressful time.

Time Is Of the Essence

Never wait to report damage. Notify your insurance company immediately so they can evaluate the damages and allow you to get the estimates you need. This will allow you to get the ball rolling and your home back to its original condition in a short amount of time. Reporting damage as soon as it occurs not only saves time, it also allows the damage to be seen while it’s still "fresh". This ensures the agent gets an accurate accounting of the damage.

Know What Your Policies Cover

It’s important to know what types of damage your homeowner’s policy covers. Even if the damage is something that is not covered by your policy, it’s important to let your insurance company know about it. If you would make the repairs and it would increase the value of your home, the insurance company needs to know so they can reflect that change in your policy.

At Pizano Insurance, you can get the answers you need about how to handle a claim if your home has been damaged in any way. If you live in the Wayzata, MN area, call and speak to one of their licensed agents today. They can perform an audit on your existing homeowner’s policy and answer any questions you may have. Peace of mind is valuable and they can make sure you have it!