Tag Archives: home

Why Wayzata Homeowners Need Specialized Home Insurance for Protecting Lakeside and Luxury Properties

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Living on the beautiful shores of Lake Minnetonka offers incredible benefits, including breathtaking views, easy access to boating and water sports, and a luxurious lifestyle. However, this unique way of living also comes with significant financial responsibilities in the event of an unexpected incident.

Pizano Insurance explains how Wayzata, MN, homeowners can proactively protect their lakeside properties by investing in a specialized home insurance policy in the guide below.

Why Wayzata, MN, Homeowners Need Specialized Insurance

Wayzata is renowned for its stunning shorelines, lakeside homes, and upscale neighborhoods. While lakeside living has its perks, it also comes with unique challenges and requirements to safeguard luxury properties. High winds from the lake, ice damage during Minnesota’s harsh winters, and local flooding concerns are common risks for residents in this high-end lakeside town.

Comprehensive home insurance policies can protect luxury properties from costly damages caused by natural disasters, storms, vandalism, and theft of valuable personal property, expensive artwork, and irreplaceable family heirlooms.

A standard home insurance policy may not provide adequate coverage for high-end lakeside properties and valuables. In these cases, a specialized policy is essential to ensure homeowners are fully protected in the event of a covered incident.

Get Specialized Home Insurance in Wayzata, MN

Do you have enough home insurance to cover the costs of structural damage and replacing your priceless valuables in the event of flooding, theft, or vandalism? Don’t wait until it’s too late to find out. Contact the local home insurance experts at Pizano Insurance to learn more about how you can protect your loved ones and your most prized possessions from the unexpected in Wayzata.

The Importance of Reassessing Your Home Insurance Needs

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When it comes to taking care of your home, one of the first things you will want to do is make sure you have insurance coverage on it. And not only will you need to invest in insurance, but you will want to review your policy every now and again to make sure it is still meeting your needs. Let’s take a closer look at the importance of reassessing your home insurance needs and making appropriate changes to your policy when necessary. 

Living in Wayzata, MN

Owning a home in Wayzata, MN is most certainly something to be proud of. This part of the state features breathtaking scenery and lots of fun activities for the family to enjoy. And while it does tend to stay cold up near Wayzata for many months throughout the year, it actually provides residents with a few months as well. In fact, it is not uncommon for some homeowners in Wayzata to have swimming pools in their backyards. Adding a swimming pool to your property is a great example of why you need to reassess your home insurance needs every so often. 

When you add a swimming to your property, this boosts the overall value of your home; this is why you need to let your insurance company know that you are in need of additional coverage. Also, swimming pools come with certain risks. Your insurance policy will need to make sure you are protected against these risks, so reassessing it will help ensure you have the right coverage. 

To learn more about home insurance in Wayzata, please contact the Pizano Insurance company today. We can even help you with your auto insurance too. 

Do I Need Car Insurance Above the Required Liability Coverage?

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We all know that most require us to carry minimum liability insurance on our vehicles.  That’s the law so we get the minimum and consider ourselves sufficiently covered.  That may not entirely be the truth.  First, understand that liability insurance covers the cost of repairs to the other person’s vehicle if you are deemed to be at fault.  Bodily injury and property damage are the two areas covered by liability insurance.  These policies will provide funding for medical expenses and damage caused by an accident where you are liable.  It should be made clear that a minimum liability coverage will provide no monies to cover your own vehicle repairs and medical costs in an accident where you are deemed responsible.  The agents at Pizano Insurance, serving the Wayzata, MN and Albertville, MN areas, can talk with you about what your policy really covers. 

If you are leasing or financing a vehicle, the lender may require that you carry additional insurance protection.  Many lenders require collision and/or comprehensive coverage policies.  This protects their financial interest in the vehicle until the debt is paid off.  Even if you own your vehicle, you should consider the financial protection these more encompassing policies can offer you.  With you will pay a higher premium each period, if you are in an accident, you have a higher level of safety.

From home to auto or commercial insurance needs, the team at Pizano Insurance serves the needs of the Wayzata and Albertville, MN areas.  They can help ensure that you have adequate insurance coverage based on your current needs.  Periodically, you can have your agent review your policy should your lifestyle or needs change.  Visit their website then visit their office for the coverage you need.