Category Archives: Insurance

Lawful, Safe, Insured

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Three Characteristics of a Smart Motorcyclist

Motorcyclists are an eclectic group. Some ride the latest Harley while others love their rebuilt Indian from their younger days. The characteristics that bring them together are a commitment to safety on the road, legal use of eye wear and helmets, and reliable insurance that will back them up after an accident. This is why we are proud to provide policies for motorcyclists through Pizano Insurance serving the Albertville, MN area. Our agents are ready to work with you to find the policy that suits your needs today.

Safe On The Road

Being safe on the road, for a motorcyclist, means knowing that the drivers around you may not be aware of your presence nearby. Be aware of the behavior of other traffic around you and obey the laws of the road. Your quick reaction to the unpredictable behavior patterns of drivers around you will protect you and minimize danger.  

Legal Use Of Eyewear and Helmets

In Indiana motorcyclists are required by law to use helmets and protective eyewear if they are aged 18 or younger. After a motorcyclist turns 19, the decision is up to them. Many bikers routinely maintain these safety precautions. We enjoy seeing bikers around the Albertville, MN area practicing safety. 

Reliable Insurance

Pizano Insurance believes that motorcyclists need a fair deal when purchasing insurance coverage. Their needs are unique and they want the best coverage and rates available. That’s why we recommend you drop in for a visit or call us today; we can put the best insurance policies right in front of you immediately. So check us out, and have the peace of mind that lets you focus on those road trips you’ve got planned. 

Why Every Landlord Needs Umbrella Insurance for Their Rentals

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 So, you own a residential property that you rent out to others? Whether it is a full home, single apartment or room, congratulations are in order. Real estate management is one of the best ways to attain wealth.

Now your task is to retain the standard of living you have acquired. Never make the mistake of assuming that your standard home insurance policy is always enough to protect your investment in times of need. When an accident, lawsuit or other calamity strikes, you will need way more financial resources.

Umbrella Insurance

Assuming that standard home insurance coverage will save you in times of need can prove a costly mistake. The costs of litigation, medical bills and home renovations are rising exponentially. In Albertville, MN there have been owners who have lost their properties totally after an unforeseen accident. Do not let this happen to you.

All you have to do is speak with the trusted agents at Pizano Insurance for professional advice about umbrella insurance to cover your rental property.

Umbrella insurance is a policy that extends your current coverage for miscellaneous events. Think of it as your safety net.

The Problem

Unfortunately, the internet has provided renters with lots of misinformation about their so-called rights. Landlords find themselves under siege. Lawsuits are filed daily, often for trivial reasons. Some unfortunate landlords have to settle out of court just to save money. Others cannot afford to litigate and have to go bankrupt. They lose their rental properties. Umbrella coverage could have saved them.

Likewise, when disaster strikes, such as a flood or fire, you do not want to count on your standard insurance to take care of the bills. Displaced tenants may need somewhere to stay in the interim while you repair the facility. Guess what? You might have to pay for them. The amount can be staggering. Fortunately, with umbrella insurance, you will be better able to take care of these expenses.

Get More Information Today

All you have to do now is contact the helpful agents at Pizano Insurance to find out more about umbrella policies. These professionals want to help you be the best Albertville, MN landlord possible.

When is Umbrella Insurance a Good Idea to Purchase?

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Finding yourself in a situation where you are liable for an amount that extends far beyond your insurance policy, like a horrible car wreck, that is when Umbrella Insurance can be handy. If you are left without some sort of extended coverage, you are on the hook for paying the rest of the damages out of your own pocket.

If you feel that you need umbrella insurance and you are in the Albertville, MN area, consider contacting Pizano Insurance for a quote.

Considering that umbrella insurance policies cover multiple facets of one’s life, it is probably a good idea to get it if you have a lot on the line. Some forms of insurance will cap out at $300,000 or less, which is quite low if you are involved with high-value individuals or property. Instead of having your assets wiped out from a single lawsuit, monthly insurance payments is quite a low price to pay.

Let’s not discount the legal fees associated with a high-value lawsuit. Regardless of the result, consulting with a lawyer for such cases is not cheap and some will charge hourly. Even settling outside of court will add a significant amount to the whole ordeal, which is often covered by umbrella insurance policies.

Keep in mind that some items are excluded from most umbrella policies. This may include malpractice cases, claims against employers, business-related activity, or intentional damage.

To determine if you need umbrella insurance, you will need to evaluate your own lifestyle, assets, and income level. If you have a lot of wealth to lose, umbrella insurance can protect your from a wide variety of surprises in life, much like an umbrella protecting yours from the rain. If you are still interested in this plan and you are in Albertville, MN, check out Pizano Insurance.

 

When is Boat Insurance Needed?

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Owning and operating a boat can a very fun activity, particularly during the warm summer months of the year.  For those that are in the Albertville, MN area, buying a new or used boat is a big decision.  Since it is such a big investment, getting insurance on the boat may be a necessity.  There are several reasons why having a qualified boat insurance policy is necessary for you.

Liability

One of the main reasons why you should get boat insurance is that owning and operating a boat comes with a lot of liability.  Whenever you take your boat into the water, you are taking on responsibilities for all passengers, other people in the water, and any personal or public property nearby.  If you happen to get into an accident, you could be found liable for all of the damage.  Having a liability policy in place will provide you with coverage in the event you are found liable. 

Property Coverage

Another reason you need boat insurance is that it is an expensive asset that needs to be properly covered.  Buying a boat is always a big purchase.  If you have an insurance policy on the boat, you will receive coverage and reimbursement in the event it is stolen, damaged, or involved in an accident.  Having insurance on the boat is also likely a requirement if you took a loan to purchase the boat.  In these cases, you will likely need to have coverage equal to at least the balance of the loan. 

If you are trying to better determine your boat insurance needs, contacting the Pizano Insurance company is a great option. Pizano Insurance can help Albertville, MN area residents determine if they need boat insurance and how much coverage is necessary.  They can then help anyone get into a policy that meets their needs. 

3 Tips for Getting Commercial Insurance in Albertville MN

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If you have invested time, energy and money into opening a business in Albertville, MN, the last thing you want to do is leave it unprotected. This is why purchasing the right type of commercial insurance from Pizano Insurance is so important. 

With the right protection, you can secure your business from lawsuits, disaster and more. Learn about how to buy the right policies for security and protection here. 

1. Bundle

If you are currently working with an insurance company for other policies, such as homeowner’s insurance or auto insurance, consider going to them first. In many cases, the more policies you have with the same company, the more you can save. 

Keep in mind, not all insurance providers offer this, so be sure to find out first, after all, you want protection, but you don’t want to pay too much for that protection. 

2. Compare Quotes

Before jumping on the offer given by your existing insurance provider, make sure to gather quotes from several companies. Doing so will let you compare the coverage options and find the one that best suits your needs. 

Remember, there are several different types of insurance needed for commercial spaces, so be sure to consider this when gathering quotes from various sources. 

3. Work with a Reputable Agent

The best thing you can do when it is time to purchase commercial insurance in Albertville, MN is to work with a reputable agent. They will be able to review what you need and then work on your behalf to help you find the best policies. In the long run, this alone can help you save a significant amount of money. 

If you are interested in purchasing commercial insurance, be sure to contact the team at Pizano Insurance, where you can find out more about the process. 

 

Do I need extra insurance to cover my motorcycle accessories?

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Motorcycles are much more than just motorized bicycles. They are a symbol of freedom and individuality, and people who ride often have a spirit of independence. They can also be adapted for comfort and style by adding a variety of accessories. These accessories can add value to the motorcycle but they can be expensive, and it is important to know they are protected in the even of damage or theft.

Some of the accessories you purchase may include sidecars, trailers, fancy plating and even riding apparel, which can keep riders safer while looking very stylish. The accessories can be damaged on their own, or as part of a bigger mishap. Sometimes parts are stolen or vandalized while the motorcycle is outside.

If you ride a motorcycle in Wayzata, MN, we at Pizano Insurance can help you make sure that your current motorcycle policy also extends coverage to your accessories, or we can help you obtain a policy which does cover those items. While some policies already cover accessories, you can probably obtain much more comprehensive coverage if you add on a policy to your existing one. Because this policy is being added on, you can probably get the additional coverage for a very reasonable price. You are always subject to the limits on your current policy, so adding on coverage will make your protection greater.

Your accessories are part of your experience, and often provide extra comfort and protection. Protecting them is important. If you have motorcycle accessories that you want to protect, please feel free to contact Pizano Insurance. We help the people of Wayzata, MN with all their insurance needs.

Umbrella Insurance for High Wage Earners

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For families that earn $250,000 or more per year, savvy financial moves can make the difference between having more than enough and struggling to afford the lifestyle you prefer. The experts at Pizano Insurance want you to help their Wayzata, MN neighbors preserve wealth and enjoy the fruits of their labors. Here are some ways umbrella insurance can add an extra layer of protection and flexibility to your portfolio.

  • High-wage earners are often employed in positions that come with some personal risk. Doctors, legal professionals, and other professionals could be hit with a lawsuit for any number of reasons. An adverse judgment could empty your savings, challenge your credit, and put your whole future in jeopardy.Business umbrella policies help pay costs associated with lawsuits and other issues of liability.
  • If a significant portion of your income comes from a business, you need umbrella insurance.Whether your business is a corporation, partnership, or sole proprietorship, you could be found personally liable for loss or damage sustained through the use of the company’s products or services. A personal umbrella policy protects your personal wealth from litigation efforts.
  • Living the good life often means debt. The mortgage on your primary home, vacation property, and vehicle payments can stretch even the most generous budget. If a catastrophic event took your home or completely destroyed your vehicle, the insurance payment from your primary policy might only be enough to cover the bank’s losses on financed property. An active umbrella policy would send payment directly to you. You could then use the funds to replace your lost property.

Do you have enough insurance? Contact the experts at Pizano Insurance for a review of your policies. We can help you protect all of your important things in the Wayzata, MN area.

Your Food Truck Needs Commercial Insurance

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Your driving around minding your own business when it jumps out at you, yet another food truck on the side of the road trying its best to ruin your diet plans. We are right there in the struggle with your at Pizano Insurance in Wayzata, MN. 

Food trucks have become a mainstay of our society today. They are literally everywhere. If you are considering taking your passion for cooking on the road, think about the fact that these food trucks have special insurance needs. You may already own a food truck and may be operating from a position of being under insured. Let us sit down with  you to discuss all of your insurance needs as it relates to your entrepreneurial enterprise.

Cuisine on wheels had different aspects that are unique to each and every food truck. Is their dining  space available in front of the truck? Is your food truck in operation year round or do you only offer seasonal fare at your eatery? Are you in adherence to all of the laws that govern your commercial business such as hiring practices, labor laws, health department mandates? It is important to speak with an insurance agent about any questions you may have to ensure you have the proper coverage for any issue that may arise.

Selling delicious food is only the start to owning a successful food truck! 

In addition to commercial insurance at Pizano Insurance agency in Wayzata, MN caters to your auto, homeowners, recreational, umbrella, motorcycle, and boat insurance needs. Call us at 763-219-4114 to discover how you can simplify your life by having the right type of coverage right when you need it. We make understanding your policy as clear as day and as right as rain. No need to stress, you have enough on your plate. 

Basics of boat insurance

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For small motor boats insurance is not required in Minnesota, but for boats with engines of more than 50 horsepower, liability insurance at minimum is required. Even if not required, some liability insurance is a good idea, according to Pizano Insurance in Wayzata, MN. Non-motorized boats, like canoes, and most personal watercraft like jet skis, do not need insurance. Boats kept in state parks have to have liability insurance regardless of engine size.

Boat insurance is very similar to automobile insurance in how it operates, though you do need a separate policy for your boat. Liability insurance covers any damage you might cause in an accident. There is also medical insurance that will cover injuries whether or not you are at fault.

There is also physical damage coverage, similar to collision insurance on a car. You may also get coverage for uninsured boaters, so if someone else damages your boat and is not insured, you can still recoup your losses.

There is also insurance to cover fuel spills or the cost of cleanup, should your boat sink. Other add-on’s may also be available to meet your individual needs.

Another item to keep in mind is the value of your boat. When you get your policy, you will agree on the amount of coverage. The value of boats depreciates just like it does with automobiles. If your boat is damaged or destroyed you can receive the amount it was insured for, as opposed to the market value, which could be much lower.

Stop by or call Pizano Insurance in Wayzata, MN to get more information about getting insurance for your boat. Our professional staff can help you make sure you have the coverage you need, so you can be safe and worry-free when you are on any of the lakes or waterways of Minnesota.

Does Motorcycle Insurance Include Mopeds?

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Mopeds are becoming more popular due to their low cost and gas savings. If you drive a moped, you may or may not be required to insure it. Currently, only 24 of the 50 states require mopeds being driven on the road to have insurance. However, even if your state does not require it, it is always wise to invest in insurance to protect yourself if there is an accident or your moped is stolen. One of the questions that we at Pizano Insurance, serving the greater Wayzata, MN area are asked, is whether a moped can be insured using motorcycle insurance. Here is some information for you regarding this question. 

There is not separate moped insurance policies that are sold. As such, most mopeds can be insured under a motorcycle insurance policy. If your moped has an engine that is 50 cc or larger or the bike goes over 30 miles per hour, it is considered by most states to be a motorcycle rather than a moped and needs to be insured under a motorcycle insurance policy. In most states, liability insurance is required for motorcycles. 

In addition to needing the insurance to be on the road if the engine has certain speeds, many lenders require you to carry motorcycle insurance on a moped even if the state you live in does not require it. This helps to protect their financial interest in the moped until the loan is paid off. 

If you are looking to insure a moped or a motorcycle in the greater Wayzata, MN area, Pizaono Insurance would love to help. Call us today to discuss your needs with one of our friendly agents and receive a free motorcycle insurance quote.