Auto Insurance: Do You Need More Than Liability?

Posted on September 30, 2025September 18, 2025 by admin

Many states require drivers to have minimum liability auto insurance before operating a vehicle on the road. Not having proper coverage can result in hefty fines or even losing your license. However, liability coverage alone may not be sufficient.

Liability Coverage

Liability coverage in Sioux Falls, SD, pays for the other party’s property damage and bodily injury expenses if you are found at fault in an accident. It provides only a minimal amount of coverage and does not cover your own vehicle or medical expenses.

If you are involved in an accident, you will be responsible for covering the cost of personal property damage to your vehicle if you are at fault. Additionally, you will need to handle your own medical bills.

Coverage Gaps

Standard liability insurance has several coverage gaps. For instance, the coverage limits are often very low. A typical car accident can easily exceed the liability limits for bodily injury and property damage, leaving you vulnerable to lawsuits and having to pay the remaining costs.

Liability insurance may also exclude coverage for uninsured or underinsured motorists. This means you could face additional expenses if you are hit by a driver without adequate insurance.

Additional Options

Many companies, such as Wilcoxon Insurance Inc., offer additional coverage options to ensure you are fully protected. You can choose higher coverage limits for bodily injury and property damage. Collision coverage can help pay for repairs to your vehicle, while comprehensive coverage can cover non-accident-related damages, such as hail damage.

Agents at Wilcoxon Insurance Inc. can assist you in understanding your coverage options so you are not left with overwhelming bills after an accident. Contact us today to learn more. We proudly serve the Sioux Falls, SD, area.

Why Reviewing Your Policy Before the Riding Season Is Important

Posted on August 29, 2025August 19, 2025 by admin

As the weather warms up and the days get longer, riders everywhere start itching to get back on the road. Before you dust off your motorcycle and fire up the engine, there’s one important thing you shouldn’t overlook: your insurance policy. At Wilcoxon Insurance Inc., serving Sioux Falls, SD, we always recommend giving your motorcycle insurance a thorough review before the season starts. It’s a simple step that can save you a lot of stress down the line.

Things Change Over the Winter

Maybe you’ve added custom parts to your bike, or perhaps your riding habits have changed. Whether you’re planning longer trips or just cruising on weekends, your coverage should match how you actually use your motorcycle. Reviewing your policy ensures everything is up to date and that you’re not underinsured or paying for coverage you no longer need.

Avoid Surprises if the Unexpected Happens

The last thing you want is to get caught in an accident or roadside mishap only to find out your policy doesn’t cover it. Taking the time to check your limits, deductibles, and any optional coverages like roadside assistance or uninsured motorist protection can make all the difference if something goes wrong.

Confidence for the Ride Ahead

Reviewing your policy isn’t just about protection; it’s about confidence. When you know your coverage is solid, you can focus on enjoying the ride instead of worrying about the unexpected. A quick conversation with your agent can give you the confidence you need for a safe and fun riding season.

Before you hit the road, contact Wilcoxon Insurance Inc., serving Sioux Falls, SD, to review your motorcycle insurance and make sure you’re ready for whatever the season brings.

The Connection Between Home Maintenance and Claim Denials

Posted on July 31, 2025July 16, 2025 by admin

At Wilcoxon Insurance Inc. in Sioux Falls, SD, we often discuss life insurance. However, you might be surprised to learn that your home maintenance habits can influence how smoothly things go when it’s time to file a claim, especially if the claim is tied to a life insurance policy connected to your estate or mortgage.

Why Home Maintenance Matters

Keeping up with regular home maintenance isn’t just about curb appeal—it’s about protecting your investment and your loved ones. Insurance companies may review the condition of a policyholder’s property when processing a life insurance claim, particularly if the claim involves an accidental death on the premises or a home-related hazard.

For example, if a poorly maintained home contributes to a fatal accident, the insurer may investigate whether negligence played a role in the accident. If it’s determined that the accident could have been prevented with proper upkeep, this could impact the outcome of the claim. This is a difficult situation that no family wants to face during an already challenging time.

Protecting What Matters Most

The good news is that staying proactive with home maintenance can help minimize risks and avoid unexpected complications. Regular inspections, prompt repairs, and keeping records of updates can all make a difference. It’s not just about preventing damage—it’s about protecting your family’s financial future and ensuring your life insurance policy functions as intended.

At Wilcoxon Insurance Inc. in Sioux Falls, SD, we’re here to help you understand the whole picture when it comes to your policy. If you have questions about life insurance and how your lifestyle choices may impact your coverage, contact us today. We’re here to guide you every step of the way.

Do I Need Renters’ Insurance for a Single-Family Home?

Posted on June 30, 2025June 17, 2025 by admin

Many families in Sioux Falls, SD, cannot afford to buy a single-family home, so they choose to rent one for the space these residences offer. If you find yourself in this situation, you may wonder whether renters’ insurance is necessary to protect your belongings. The agents at Wilcoxon Insurance Inc. can help you find a policy tailored to your needs.

Your Landlord May Require Renters’ Insurance

Some landlords may require renters’ insurance as part of the lease agreement. This requirement helps protect their investment and limits their liability. Typically, landlords have a policy with dwelling coverage that protects the home’s structure from risks such as fire, windstorms, and vandalism. Damage to the roof, walls, and appliances is generally the landlord’s responsibility unless the tenant causes the damage. Additionally, the landlord’s policy often includes liability protection to cover claims and medical expenses in case of accidents on the property caused by negligence.

Why Renters Need Their Own Insurance Policy

Landlord policies do not usually cover damage to tenants’ personal belongings. A renters’ insurance policy provides coverage for items you bring into the home, such as furniture, clothing, electronics, and toys, in the event of damage or loss due to a covered risk. Renters’ insurance also includes liability coverage, which can cover medical expenses and claims if a family member causes an accident resulting in injuries on the property.

If your rental home becomes uninhabitable due to a storm or fire, renters’ insurance can cover the cost of temporary living arrangements. Additionally, it can help resolve disputes with your landlord if your belongings are damaged during your rental period.

Protect your belongings while renting a single-family home in Sioux Falls, SD. Contact the professionals at Wilcoxon Insurance Inc. to schedule an appointment and learn more about your options.

How Does Insurance Work for Single Vehicle Accidents?

Posted on May 30, 2025May 23, 2025 by admin

Single-vehicle accidents account for nearly half of the nation’s motor vehicle fatalities. These accidents, even minor ones, occur more frequently than many realize. Given their prevalence, it’s important for South Dakota drivers to understand how insurance companies handle single-vehicle accidents and the key steps to take if they’re involved in one. If you have auto or other insurance needs and reside in the Sioux Falls, SD, area, reach out to Wilcoxon Insurance Inc. to discuss your coverage needs.

Assigning Fault in Single-Vehicle Accidents

South Dakota is an at-fault state, meaning it assigns responsibility for motor vehicle accidents. Importantly, drivers involved in single-vehicle accidents are not always deemed at fault. Depending on the circumstances, drivers can be found entirely at fault (100%), partially at fault (1-99%), or not at fault (0%).

Reasons for the driver not being fully at fault for a single-vehicle accident include:

Obstacles or animals on the road
Weather conditions such as rain, wind, fog, ice, or snow
Missing or obstructed street signage
Road conditions, such as potholes
Vehicles negligently entering your path, causing you to swerve and lose control
Vehicle issues caused by service technician or manufacturer errors

Typically, each at-fault party is assigned a percentage of responsibility for the accident. However, since South Dakota uses the modified comparative negligence system, you cannot collect damages if you are 50% or more responsible for the accident.

If you’re involved in a single-vehicle accident, strive to obtain a police report. If possible, safely take photographs or videos to document the factors you believe contributed to the accident.

The Wilcoxon Insurance Inc. Advantage

If you reside in or near Sioux Falls, SD, our team at Wilcoxon Insurance Inc. will help you secure the auto insurance you need. Call us today at (605) 271-6600 to schedule an appointment.

Are Custom Upgrades Covered Under Your Motorcycle Insurance Policy

Posted on April 30, 2025April 19, 2025 by admin

When you’re passionate about your bike, customizing it is part of the journey. Whether it’s a sleek new exhaust, custom paint job, or upgraded handlebars, these additions make your motorcycle feel truly yours. But here’s the big question—are those custom upgrades actually covered under your motorcycle insurance policy? At Wilcoxon Insurance Inc. in Sioux Falls, SD, we get this question a lot, and it’s essential to know the answer before hitting the road.

Understanding Standard Coverage

Most standard motorcycle insurance policies are designed to cover the bike in its original factory condition. That means if you’ve added custom parts or accessories, they may not be fully protected under your base policy. In the unfortunate event of an accident or theft, you may end up paying out of pocket for those extras if they are not specifically insured.

Adding Custom Parts Coverage

The good news is that many insurers offer additional coverage options for custom upgrades. This can include anything from chrome parts to custom seats and even high-end audio systems. Typically, you’ll need to provide documentation of the upgrades and their value, so your insurer can adequately assess the risk and offer the right level of protection.

Talk to the Experts

Every rider and every bike is different. That’s why it’s essential to talk with an insurance professional who understands the ins and outs of motorcycle customization. At Wilcoxon Insurance Inc., we proudly provide motorcycle insurance solutions in and around the greater Sioux Falls, SD area. We help riders like you ensure that your entire bike, including custom touches, is fully protected.

Ready to ride with peace of mind? Contact Wilcoxon Insurance Inc. today and let’s make sure your custom upgrades are covered.

Home Insurance: Utilizing Smart Home Detectors

Posted on March 28, 2025March 20, 2025 by admin

Did you know using smart home detectors could lower your home insurance premiums? Insurance rewards homeowners who invest in preventative measures for their homes. Installing detectors such as smoke alarms, water damage detectors, and security devices can help keep your home safe and prevent accidents. Our agents at Wilcoxon Insurance Inc. in Sioux Falls, SD, can educate you on this topic.

Understanding Smart Home Detectors

While many homes have a smart security system, other types of detectors can protect your house. For example, installing a smart water leak detector can help save your home from water damage. Other detectors include smoke and carbon monoxide detectors and video doorbells.

Why Insurance Companies Offer Discounts for Smart Detectors

Insurance companies are responsible for any damage to your home. By installing detectors and other smart devices, you can help protect your home, which lowers risks. Many home insurance companies will give you a discount because you’re essentially ensuring you’ll catch any damages before they happen. So, they may offer small discounts on your premiums.

Choosing the Right Smart Detectors

No, you can’t just install any old detector and ask for a discount. Home insurance agencies will have a list of acceptable devices. Essentially, they want to see a certificate that your device isn’t faulty and works correctly. If you buy a random device online, it may not meet the standard.

Assessing the Worth of Discounts

Some homeowners may feel like the discount isn’t worth it, which can be true. The cost of smart home detectors is high upfront, but they are worth it. You’ll be thankful they prevent damages compared to accidents and higher premiums. If you’re still unsure, contact one of our agents at Wilcoxon Insurance Inc. in Sioux Falls, SD, today.

Will My Renters Insurance Cover My Home-Based Business Assets?

Posted on February 28, 2025February 19, 2025 by admin

Renters’ insurance policies provide no or minimal coverage for work-related tools and equipment. However, you have several options for gaining coverage if they run a home-based business. If you live in the Sioux Falls, SD, area, our team at Wilcoxon Insurance Inc. will review your insurance options and identify the renters’ coverage that suits you best.

Understanding Renters Insurance and Working from Home

Working from your house or apartment has many benefits, regardless of whether you own or rent. However, you need to know that working from home leads to insurance issues concerning your home-based business assets.

Your renters’ policy is usually intended to cover your personal property only. It does not cover equipment owned by your business, or it covers a minimal value, such as assets totaling $2,500 in value. Many home-based businesses have office furniture and electronics, supplies, inventory, or tools worth more than $2,500 that are uninsured unless you take additional steps. If your business assets are limited, you can add a rider or endorsement to your renter’s policy to cover up to $5,000 in business assets. If you own more, you should acquire a commercial insurance policy.

As important, a personal renters’ policy does not cover the liability for work colleagues or customers injured at your residence while engaging in business activities. However, a commercial insurance policy suited for small businesses will address that problem and provide other protections small businesses need.

Discuss your situation with your insurance agent to ensure you are adequately protected.

Working with Wilcoxon Insurance Inc.

Wilcoxon Insurance Inc. proudly serves the Sioux Falls, SD, area. We will help you select an insurance plan protecting both your personal and business assets. Stop in today or call (605) 271-6600 regarding your insurance needs.

Reasons Why Your Auto Insurance Policy May Not Be Renewed and How to Minimize Your Risk of That Happening

Posted on January 27, 2025January 22, 2025 by admin

Receiving a notice that your auto insurance policy won’t be renewed can be stressful and confusing. While it might seem unexpected, there are often clear reasons behind a non-renewal. At Wilcoxon Insurance Inc. in Sioux Falls, SD, we aim to help you understand why this happens and how you can take steps to reduce the chances of it occurring.

Reasons for Non-Renewal of Auto Insurance Policies

A common reason for non-renewal is a history of multiple claims or accidents. If you’ve filed several claims within a short period or been involved in at-fault accidents, insurers may view you as a higher risk. Serious traffic violations, such as DUIs or reckless driving charges, can also raise red flags for insurance companies.

Another factor could be a significant change in your risk profile. For instance, if you’ve added a high-powered vehicle to your policy or moved to an area with higher accident rates, your insurer might reassess whether they want to continue coverage.

Reducing Your Risk

Maintaining a clean driving record is one of the best ways to avoid non-renewal. Drive responsibly, avoid distractions, and adhere to traffic laws. If you’ve had accidents or claims in the past, take steps to show that you’re working towards becoming a safer driver. Additionally, paying your premiums on time and maintaining consistent communication with your insurer can help build trust.

At Wilcoxon Insurance Inc. in Sioux Falls, SD, we’re here to help you navigate your insurance needs. If you’re concerned about your policy or need advice, contact us today—we’ll work with you to find the right solutions for your situation.

How Motorcycle Insurance Helps When Borrowing or Lending a Bike

Posted on December 23, 2024December 19, 2024 by admin

Whether you’re letting a friend borrow your motorcycle for a weekend ride or hopping onto someone else’s for a quick spin, it’s important to understand motorcycle insurance. At Wilcoxon Insurance Inc. in Sioux Falls, SD, we know that life on two wheels presents unique situations, and the right coverage can make all the difference.

Motorcycle Insurance: Does It Follow the Bike or the Rider?

One of the most common questions about borrowing or lending a motorcycle is whether the insurance applies to the bike itself or the person riding it. Generally, motorcycle insurance follows the bike, meaning that if you lend your bike to a friend, your insurance policy is likely the primary coverage in case of an accident. However, if the damages exceed your policy limits, your friend’s insurance, if they have it, may act as secondary coverage. Understanding this can help you avoid unpleasant surprises.

What to Consider When Borrowing a Motorcycle

If you’re the one borrowing a motorcycle, you should confirm that the owner’s insurance policy is active and sufficient. While their insurance might cover you, it’s always a good idea to have your own motorcycle insurance, especially if you ride frequently. Having a personal policy ensures you’re protected, no matter whose bike you’re on.

Motorcycle Insurance: Protecting Your Ride and Your Relationships

Borrowing or lending a bike is a gesture of trust, but accidents can happen. Motorcycle insurance helps protect your ride and relationships by minimizing disputes over repairs or liability.

Get Started with Wilcoxon Insurance Inc.

For riders in Sioux Falls, SD, Wilcoxon Insurance Inc. can help you find the right motorcycle insurance to cover all your adventures—whether it’s your bike or someone else’s. Contact us today to get started.

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