Click to Call
Wilcoxon Insurance, Inc.

4804 S. Minnesota Ave., Ste 103
Sioux Falls, SD 57108

Get Directions

Featured Insurance Blog

What is Renters Insurance and Why Do I Need it?

The Sioux Falls, SD area is continuously sprouting, proving to be a rich metro area in terms of population. As more people reside within this city, they will opt to rent a home as a better and more affordable option. Did you know that the homeowner’s policy held by your landlord is not financially liable for the protection of your belongings when unforeseen events strike in Sioux Falls, SD? Be wise and safeguard what you own, no matter little it seems. Don’t hesitate to speak to our agents at Wilcoxon Insurance Inc. to get renters’ insurance that matches your needs and lifestyle.

What is renters insurance?

It’s a form of property insurance that shields imminent losses to personal belongings and safeguards the insured against liability claims. These liability claims entail those happening in your rental and don’t culminate in a structural problem. Renters insurance safeguards anything from a studio apartment to an entire apartment. Investing in renters insurance is an absolute need for the following reasons:

Protect your personal belongings

Have you ever imagined what can transpire when your possessions get damaged in your rental house, forcing you to start from scratch? What happens when a covered peril like a fire strikes in your rented dwelling? Buying condo insurance in Sioux Falls SD can safeguard your personal property when unexpected eventualities strike.

Provides liability protection

Suppose electrical faults emerge in your rented apartment, triggering a fire that spreads to neighbouring rooms? Though this incident might be a result of an accident, it can land you with liability claims. Luckily, if you have invested in renters insurance, it kicks in and covers liability claims such as bodily injuries and property damage to third parties.

Provides additional living expenses coverage

This form of policy caters to additional expenses such as hotel bills when your rented apartment becomes uninhabitable after being ravaged by a covered peril. It settles excess spending you indulged in as your condo was being repaired.

Do you want to safeguard yourself and your personal property in Sioux Falls, SD? Its crystal clear that replacing your personal belongings attracts a substantial amount, which could prove to be an uphill task. Call or visit our Wilcoxon Insurance Inc. today and get more information about renters insurance.

The Complexities of Your Car Insurance Policy

Finding an excellent car insurance policy can be a complicated process for many people. We at Wilcoxon Insurance Inc. have worked with many Sioux Falls, SD residents who don’t quite understand the complexities of this process and need help managing this situation properly. 

Policy Costs May Significantly Vary

Looking at an insurance policy with its many payment terms can be pretty confusing. Thankfully, the three most important terms are surprisingly easy to understand and include:

  • Premiums – These consist of your monthly payments. 
  • Deductibles – These include what you pay before your policy kicks into play.
  • Copays – Anything you have to pay for your coverage with your provider.

These cost factors vary based on your policy and may change if you tweak them. For instance, changing your premiums to a higher level will decrease your deductibles. Therefore, consider these factors before you buy a policy.

Insurance Types Vary 

When choosing insurance, you may see a lot of types that don’t make sense to you. Just a few options you may consider include:

  • Liability coverage for accidents 
  • Uninsured motorist protection against other drivers 
  • Medical insurance for other riders 
  • Collision and comprehensive policies for repairs 
  • Personal injury protection for any injuries in a crash 
  • Gap policies to cover loan costs 
  • Accident forgiveness to minimize your accident penalties 

Understanding these coverage options makes it easier to choose those that make the most sense for you. So make sure you work with your agent to minimize confusion here.

Coverage is Available for You 

At Wilcoxon Insurance Inc., we can help Sioux Falls, SD area residents get the high-quality coverage necessary to keep their car safe. So please contact us today to learn more. Our experts will do what they can to make sure that you are happy with your coverage options as a person.

Benefits of Insuring Your Motorcycle

Riding a motorcycle is a thrilling experience but also dangerous. That is why you need protection by getting motorcycle insurance. It can offer you protection in case of damage, theft, or you get into an accident. And as much as it is a law requirement in Sioux Falls, SD, Wilcoxon Insurance Inc. explains the benefits you can enjoy from motorcycle insurance.

Medical Coverage

If you get into an accident, motorcycle insurance will help cover the medical expenses you incur as a result of the accident. It can also compensate you for the lost income you have suffered while in recovery.

Protect Your Motorcycle

If your motorcycle is damaged in an accident, motorcycle insurance helps with the financial assistance to cover repair costs. By this, you can avoid significant out-of-pocket expenses resulting from repairing your bike.

Protection From Theft

Motorcycles are at a higher risk of being stolen than cars. Picture the considerable loss and inconvenience you would go through if someone stole your motorcycle, and you use it for your daily errands. With motorcycle insurance, you can rest easy knowing that the insurance company will compensate you for that loss in no time.

Provides Liability Coverage

You might get involved in an accident and cause damage to someone else or their property. If this happens, motorcycle insurance will help cover the medical expenses and the cost to repair or replace the damaged property.

Provides Cover During Emergencies

You might be busy having fun, and suddenly you run out of fuel, your engine fails. Motorcycle insurance helps cover those emergencies where you will get fuel or towing services to a repair shop. This allows you to keep having fun without worrying.

To learn more about motorcycle insurance, residents of Sioux Falls, SD can reach out to Wilcoxon Insurance Inc. We are ready to explain more benefits of motorcycle insurance and help you choose a policy that gives you and your motorcycle sufficient coverage.

Keeping your home safe while you are on vacation

You wait all year for the opportunity to go away on vacation. As the date approaches you to start thinking about leaving your home alone while you are away and the thought that you need to take some safety precautions dawns on you. By taking a few actions you can make your home is much less likely to be targeted. At Wilcoxon Insurance Inc. in Sioux Falls, SD, we believe in providing our customers with tailor-made insurance products that they can afford. 

Stop your mail delivery

It is very easy to put a stop to your mail delivery. You can do it online at the USPS website. Also, stop the newspaper if you get one. 

Arm your alarm

If you have a home alarm system make sure it is turned on. Lock all your doors and windows and if you don’t have an alarm, get the signs that say you do have one. They are a worthwhile investment. 

Have lights on timers

If you want your home to look lived in, it helps to have lights in different rooms that will turn on and off at scheduled times. Do it as randomly as possible. 

Park a car in your driveway

If you have a second car, make sure it is out sitting in your driveway. If not, maybe you can borrow one from a family member or friend. 

Talk to your neighbor

Let your neighbor know that you will be away and ask them to keep an eye on your home for you 

Don’t announce your vacation plans on social media

You can feel free to post pictures when you return but before and during your vacation don’t tell everyone where you are and when you are returning. 

When it comes to home insurance, you can count on Wilcoxon Insurance Inc. in Sioux Falls, SD for all your insurance needs. 

What does renters insurance cover?

Many renters are under the false assumption they don’t need renters insurance since they are covered by their landlord’s insurance. Not true. Your landlord probably insures the building you live in but not your personal possessions. At Wilcoxon Insurance Inc. in Sioux Falls, SD, we are committed to raising the bar on providing affordable insurance to our clients. We are a local independent agency, and we provide unparalleled service and options. 

Your possessions

For many renters, their apartment, condo, or home contains most of their possessions. Basically everything they own other than their vehicle. A home fire, hurricane, or tornado can cause total devastation. Not only is your home gone but everything you own is gone. Renters insurance may cover your possessions. This coverage will also cover theft from your home or when you are away from home with one of your possessions. 

You have two choices when purchasing content insurance. You can choose actual cash value or replacement cost. Actual cash value-this is the amount a possession is actually worth today taking depreciation into account. Replacement cost is what it would cost to replace that possession today.

Liability

If someone is hurt while visiting you at your rental or by a member of your family, even your pet, you may find yourself with medical bills and property damage that you must pay. If it leads to legal actions, that can get expensive. Renters insurance provides liability protection. 

Loss of use

If your rental is damaged by a covered peril, it may become uninhabitable. If that happens, you will need a place to stay right away and after that for months. Having this insurance will provide the assistance you need to get an interim rental. 

Contact Wilcoxon Insurance Inc in Sioux Falls, SD with all your renter’s insurance questions and needs. 

How Does Auto Insurance Protect Me?

If you own a vehicle in Sioux Falls, SD, you understand that auto insurance is mandatory, but do you know how auto insurance protects you? When you purchase auto insurance from Wilcoxon Insurance Inc., here is how it protects you.

Liability protection

Almost all states in the US require drivers to include liability coverage in their auto insurance. And even in those states that don’t need auto insurance, you are still compelled to cover damages and injuries that you cause to other people.

When you purchase auto insurance with liability coverage, it covers damage costs, medical expenses, and legal suits for losses and injuries you cause to other persons. 

Assets protection

Liability covers other people and not you or your vehicle. Including comprehensive and collision coverages in your auto insurance ensures that you get compensation for physical damage to your car when accidents and non-collision perils like fire, theft, vandalism, and hail occur. 

Personal injury protection (PIP)

PIP is a no-fault coverage that protects you and your passengers when accidents occur. It pays for medical expenses, including hospitalization, X-rays, medications, and surgeries for injuries suffered in a vehicular accident.

Besides, this coverage pays for partial loss of income and final expenses for you and your passengers following an auto accident. 

Underinsured/uninsured motorist protection

While motor insurance is mandatory in South Dakota, it’s not uncommon to encounter irresponsible motorists who carry no insurance. Unfortunately, uninsured drivers leave many uncovered expenses for accidents they cause. 

However, when you have this coverage, medical costs and property damages you suffer when you collide with a less responsible motorist are well covered. Additionally, this insurance protects you in hit-and-run situations where the other motorist at fault goes unidentified. 

Auto insurance in South Dakota

Having seen how auto insurance protects you, it’s time to take the next step and buy auto insurance from Wilcoxon Insurance Inc. Contact us today for a competitive quote.

Frequently Asked Questions About South Dakota Home Insurance.

Do you own a home in the Sioux Falls, SD area? If you do, you already know it is one of the most beautiful places to live. At Wilcoxon Insurance Inc., we are proud to serve homeowners, renters, travelers, and businesses with quality insurance services. Here are a few common questions about homeowner’s insurance: 

Home Insurance FAQs in South Dakota

  • How much homeowner’s insurance is required in South Dakota? Legally, you do not have to have homeowner’s insurance if you own your home outright. If you have a mortgage, your mortgage company likely requires enough coverage to cover the remaining cost of the loan. Although it is not a legal requirement, it is an affordable way to protect your family’s assets. 
  • Is my home covered in the event of a flood? Typically, homeowner’s insurance does not cover flood damage. This is why adding flood coverage is a good idea if you live in an area with any risk. There are various affordable options to protect your home from the unique risks that may be in your area. 
  • How much coverage do I need? If you have a mortgage, you need at least enough coverage to cover the cost of your home. If you do not have a mortgage, then each situation is unique, but we will be happy to discuss your coverage needs, so you have the exact protection you need. 

Wilcoxon Insurance Inc. serves Sioux Falls, SD with friendly and efficient service. If you have any questions about homeowners insurance, give us a call, and we will be happy to make it as easy as possible for you to get the coverage you need. 

A Newbie’s Guide to Motorcycle Insurance

You have saved enough, and you have gone ahead and bought a bike for yourself; congratulations. You are now part of South Dakota’s rich riding culture. While owning a motorcycle comes with its fair share of freedom, you have to deal with the respective responsibilities. One of such obligations is motorcycle insurance.

Because you are new in the motorcycle world, you might be wondering: should I buy motorcycle insurance? Is it mandatory in South Dakota? At Wilcoxon Insurance Inc., situated in Sioux Falls, SD, we are glad you asked. Here, we help riders like you understand the motorcycle insurance landscape, helping you choose the right coverage. 

Want to find out more? Please keep reading.

Is motorcycle insurance mandatory in South Dakota?

Yes, South Dakota requires you to carry motorcycle insurance, and you are required to show proof before registration of your bike. When on the roads, failure to show proof of insurance could lead to severe fines and penalties, including license suspension.

What motorcycle insurance options are offered in South Dakota?

While the state requires you to carry minimum motorcycle insurance coverage, your agent should advise whether it’s adequate. At first glance, the minimum coverages might look sufficient but may fall short when you are involved in a significant accident.

Other motorcycle insurance options that are offered for South Dakota riders include:

  • Collision coverage to pay for your bike’s damages when involved in an accident.
  • Comprehensive coverage to protect your ride from theft, vandalism, fire, and other perils stated in your policy.
  • Medical payment coverage to pay for medical costs, loss of income, and funeral expenses in accident-related injuries.
  • Uninsured/underinsured motorist coverage: Did you know that approximately 8 percent of South Dakota motorists are uninsured? With many less responsible motorists on the road, you need this cover if you are involved in an accident with one of them.

What determines my motorcycle insurance rate?

While each insurance company computes its rate differently, the below factors are primarily considered in the computation.

  • Your bike’s value and power rating
  • Your location
  • Your driving record
  • Type of coverage you opt

Need motorcycle insurance? Whether you are an occasional rider or a seasoned biker, at Wilcoxon Insurance Inc., located in Sioux Falls, SD, we can customize motorcycle insurance for you. Contact us today, and our team shall handle the rest.

Common Renters Insurance Myths Exposed

Wilcoxon Insurance Inc. serves the Sioux Falls, SD community by offering multiple types of policies. One of our primary goals is to provide excellent customer service to our clients. We take pride in serving the community as an independent agency.

Common Renters Insurance Myths

Renters Insurance allows you to protect your assets. The policy covers any damage to your personal items if a fire occurs or some other type of natural disaster. You are also covered if someone steals or vandalizes your property. Liability coverage is also important, as you will be protected if someone gets injured while visiting your property. Here are some common renters insurance myths to avoid while researching coverage.

I Don’t Have Valuable Assets.

Perhaps you may feel that you don’t need renters insurance coverage because you don’t have any valuable possessions. This is a mistake. Any item that you own holds some value. That’s why you need coverage. If something were to happen to your items, things could get pricey very quickly without renters insurance.

The Policy Is Restrictive

Many people assume that renters insurance only provides adequate coverage for personal items. You have more flexibility than you may realize. For example, you can add temporary living coverage to your policy so that you will be protected while you seek temporary lodging and your rental property is being repaired.

I Can Rely On My Landlord’s Policy

This is incorrect, as your landlord’s coverage does not protect your personal items if an accident occurs. Your landlord’s policy covers any damages to the building. However, you are responsible for covering your belongings.

Wilcoxon Insurance Inc. Will Help You Protect Your Assets

Visit our website today to learn more information about renters insurance.

When to review your auto policy

For most people, an auto policy is not something you think about unless you need to file a claim. Most policies renew yearly, and they include a declaration that lists all the important facts about your policy. At Wilcoxon Insurance, Inc. in Sioux Falls, SD, we are an independent agency that strives to tailor our policy suggestions to our customers’ needs. We have partnered with a selection of top carriers. 

When you receive your auto insurance renewal, review the declaration. It lists the drivers on your policy, the vehicles, the level of liability coverage, other included coverages, and the deductible amount. This is a common time to review your policy. Do you have enough liability coverage? If your assets have increased since you first got the policy, this is covered carefully. Think about the reality of having an accident where you are at fault and the injuries that could result. Is your coverage adequate? 

When you make your last auto payment, you may want to review your auto policy. How old is your vehicle? How much value does it have? Is keeping collision and comprehensive coverage the right thing to do? 

When you need to remove a car, add a driver, or make any change to your auto policy, it is a good opportunity to take the time to review your policy. 

When you notice an increase in your auto insurance premium, you may want to review your auto policy with your agent. Are you taking advantage of all the discounts available to you? Are you getting a multi-policy discount?  Do you need to keep additional coverages you may have? Can you get a better deal with a different carrier? An agent like those at Wilcoxon Insurance, Inc. in Sioux Falls, SD can help you find a perfect policy for you. 

 

Servicing States

  • South Dakota
  • Nebraska
  • Iowa
  • Minnesota
  • Arizona

Testimonials

Partner Carriers

  • American West Insurance
  • Dairyland
  • Hagerty
  • MetLife
  • Nationwide
  • North Star Mutual
  • Progressive
  • RLI
  • Safeco
  • State Auto