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Wilcoxon Insurance, Inc.

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

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Featured Insurance Blog

3 Benefits of Holding Home Insurance

Your home is likely your most valuable asset, so it makes sense to protect it with home insurance. Home insurance is a type of property insurance that covers your home from damage or loss. It can cover your dwelling, personal belongings, liability, and more.

Here are three benefits of holding home insurance:

1. Home insurance can protect you financially in the event of any home damage or loss. The damage can be due to events like fires, severe weather, theft, or vandalism.

2. Home insurance can help you pay for repairs or replacements if your home is damaged or destroyed.

3. Home insurance can give you peace of mind knowing that your home is protected in the event of an unexpected incident.

Home insurance is an essential type of protection for your most valuable asset. If you’re not already carrying home insurance, consider the many benefits it can provide and how it can help you in the event of an unexpected incident. You’re in luck if you’re located in or around Sioux Falls, SD. That’s because we’re there.

Contact Wilcoxon Insurance Inc. for Home Insurance

At Wilcoxon Insurance Inc., we understand that your home is your most important asset. That’s why we offer a wide range of home insurance options to fit your specific needs. Whether you desire basic or comprehensive protection, we can help you find the best policy for you.

We’ve proudly served Sioux Falls, SD since 2019. And since then, we’ve made a difference in the lives of our clients by helping to get them insured. Head over to our contact page next to get a free quote on home insurance.

Riders You Can Add to Renters Insurance

When you rent a home in Sioux Falls, SD, let Wilcoxon Insurance Inc. help you customize your renters’ insurance policy with riders that help you cover all of your valuables in every situation.

A rider refers to an added clause in your insurance policy that applies to specific property or situations. You can add riders to renters insurance just as you can to homeowners’ and auto policies.

Seven common riders serve renters’ policies:

  • Scheduled property rider: This rider increases the coverage limit for high-dollar items that wouldn’t typically receive full coverage for replacement. Typically, items like diamond earrings or a gaming computer fall into this category.
  • At-home business rider: This rider covers your business equipment if you operate a home-based business that earns more than $2,000 a year. Typically, items like your computer or photography equipment fall into this category.
  • Replacement cost rider: Most policies include an actual cash value, which means the depreciated value after the initial purchase of the item. Adding a replacement cost rider gets you a reimbursement that covers the actual cost of replacing the item with a new one.
  • Pet damage rider: This rider covers you for any liability for damage your pet causes. You won’t have to pay out of pocket for the stained carpet from when your pet got sick from something they ate.
  • Identity theft coverage rider: Adding a rider for ID theft affords you a cash payment to resolve issues arising when your identity gets stolen. Some riders even include help putting you in touch with experts who can help you resolve the problem.
  • Earthquake/Hurricane coverage rider: Adding an earthquake or hurricane coverage rider covers personal property damage damaged in the storm covered by the rider. Certain states don’t include these natural hazards in their named perils in the standard policy.

Get The Right Coverage Today

Protect your belongings fully with renters insurance that includes the right riders that apply to your situation. Contact Wilcoxon Insurance Inc. serving Sioux Falls, SD today.

Auto Insurance: How To Choose The Right Coverage For You

Deciding on the right auto insurance coverage can be a difficult and confusing task. There are so many different types of coverage available, and it can be hard to know which one is right for you. At Wilcoxon Insurance Inc. in Sioux Falls, SD we understand the confusion and are here to help. In this blog post, we will discuss some of the different types of coverage available and give you some tips on how to choose the right coverage for you. 

Basic Coverage Types 

There are four basic types of auto insurance coverage: bodily injury liability, property damage liability, collision, and comprehensive. If you accidentally injure someone, bodily injury liability insurance will cover their medical bills and other associated expenses. 

If you cause an accident that damages another person’s property, such as their vehicle, property damage liability will cover those repairs. Collision coverage pays for damages to your own vehicle that are caused by an accident, regardless of who is at fault. Comprehensive coverage pays for damages to your vehicle that are caused by non-accident events, such as vandalism or weather damage.

How to Choose the Right Coverage 

Now that you have a basic understanding of the different types of coverage available, how do you choose the right coverage for you? The best way to start is by getting quotes from different insurers and comparing rates. 

Once you have a few quotes, you can start looking at different coverage options and deciding which ones are right for you based on your needs and budget. If you are unsure which coverage options to choose, our team at Wilcoxon Insurance Inc. can help guide you in the right direction. 

Get Auto Insurance Today

In conclusion, choosing the right auto insurance coverage can be a difficult task. However, armed with a basic understanding of the different types of coverage available and some tips on how to choose the right coverage for you, it doesn’t have to be so daunting. If you need help deciding on the right auto insurance coverage for your needs, our team at Wilcoxon Insurance Inc. in Sioux Falls, SD would be more than happy to assist you. Give us a call today.

Don’t Skip Storage Insurance For Your Motorcycle During the Harsh Winter

One thing you definitely don’t want to skip is storage insurance for storing your motorcycle during the frigid Sioux Falls SD winter. Sure, your motorcycle might be in storage and not being used, but that doesn’t mean it’s not at risk. Anything can happen while your bike is in storage, from theft to weather damage.

What is storage insurance?

Storage insurance is coverage that helps protect your motorcycle while it’s off the road. This can include things like weather damage, theft, and more. It’s important to have this type of coverage because it can help you avoid having to pay out of pocket for any damages that occur while your bike is in storage.

How much does storage insurance cost?

The cost of storage insurance will vary depending on a few factors, including the value of your motorcycle and the time it will be in storage. However, it’s often fairly affordable and can give you peace of mind knowing your motorcycle is protected.

Your Wilcoxon Insurance Inc. agent in Sioux Falls, SD can help you get motorcycle insurance quotes for when your bike is in storage.

Is storage insurance required?

No, storage insurance is not required by law. However, it’s always a good idea to have coverage for your motorcycle, even when it’s in storage. This way, you can avoid paying for any damages that occur while it’s off the road.

If you’re looking for storage insurance for your motorcycle, contact Wilcoxon Insurance Inc. in Sioux Falls, SD today. Our team can help you find the right coverage for your needs and budget. Call us or stop by our office today to get started.

How to create and store a home inventory

You will never really appreciate how valuable a home inventory is until you have to file a claim. It is time-consuming, there is no doubt, but it will save a lot of stress when you need to let the insurance company know what you have lost. At Wilcoxon Insurance Inc. in Sioux Falls, SD we will be there for you when you need us. 

Home Inventory: A Comprehensive Guide

Have a plan before you start to create your home inventory. Pick a room to start in and don’t move on to the next room until you have recorded everything in that room. Open drawers, look in closets, count the pictures on the wall, and leave no stone unturned. Give as much detail as possible in your description, including model names and numbers. Take pictures of the room from a variety of angles, especially focusing on any expensive items. If you have receipts, attach them to the page. 

Take your time and make sure you include everything. When you have completed all the rooms, head for the attic, basement, and garage. Don’t forget to include things like your cell phone which may be in your purse or pocket. 

After the inventory is complete, it is important that it be placed in a safe place where in the event a hazard hits your home, you will be able to access it. It is better to store it away from the home so that you can be sure that it will survive. At the very least it should be in a fire and waterproof case. It is a good idea to have more than one copy and, ideally, storing one in the cloud will guarantee that it will survive and you will be able to use it. 

Give Us A Call

Contact Wilcoxon Insurance Inc. in Sioux Falls, SD when you are looking for a new insurance agent or need your home policy reviewed. 

What to Look for in a Good Renters Insurance Policy

Anyone who has ever rented an apartment or house knows that there are many things to consider when it comes to protecting your home and belongings. Remember your landlord’s policy will not cover your personal belongings in the event of a fire, theft, or other disasters. That’s why you need renters insurance. But with so many different policies available, it can be difficult to know what to look for when choosing the right one for you. Wilcoxon Insurance Inc. in Sioux Falls, SD provides this guide on navigating this important coverage.

Here are a few things to remember when shopping for renters insurance

1. Coverage Limit

The coverage limit is the first thing you’ll want to look at when considering a renters insurance policy. This is the maximum amount of money the insurer will pay out if your belongings are damaged or destroyed. It’s important to choose a policy with a coverage limit that is high enough to cover the value of all your possessions.

2. Deductible

The deductible is another important factor to consider when choosing a renters insurance policy. To understand what a deductible is, it’s important to first understand how insurance works. Essentially, an insurance policy is a contract between you and the insurer in which you agree to pay a premium in exchange for the insurer agreeing to pay out a certain amount of money if you experience a covered event. However, before the insurer will pay out any money, you must first pay the deductible. Choosing a policy with a deductible that you can afford to pay if something happens is important.

3. Policy Exclusions

When you’re shopping for renters insurance, you’ll also want to be aware of what is excluded from the policy. Most policies will exclude items such as jewelry, art, and other valuables from coverage. It’s important to check with your insurer to see what is excluded to ensure all of your belongings are protected.

Contact Us Today

Now that you know what to look for in a good renters insurance policy, it’s time to start shopping around. Wilcoxon Insurance Inc. in Sioux Falls, SD offers a variety of different policies to meet your needs. Contact us today to learn more about our coverage options and get a free quote.

What is the value of having a motorcycle insurance plan in South Dakota?

Having a reliable mode of transit in the Sioux Falls, SD area is quite important. As you are looking to drive a motorcycle when you are here, it would be a good idea to have proper insurance for it. As you are looking for this insurance, you will find that it offers various forms of coverage and benefits that make it a good option and investment.  

The Value Of Having A Motorcycle Insurance Plan

Reduce Liability Risks

An important reason for anyone to get a proper motorcycle insurance policy in this area of the state is to reduce the risk of liability. There is always going to be a risk that you could cause an accident when you are operating your motorcycle. In these cases, you will have to pay for any damage that you cause. If you get motorcycle insurance, it will provide the support you need if you cause an accident. 

Protect Asset

You also should have motorcycle insurance to protect your asset. There is always a big cost that comes with purchasing a motorcycle. To ensure this investment pays off, you should consider investing in your own motorcycle insurance plan. If you get the right coverage, it will provide the support you need to ensure you can replace or repair the motorcycle if a loss is incurred. 

If you want to be a motorcycle owner in the Sioux Falls, SD area, it would be a good idea to get a proper insurance plan for it. There are a lot of choices that you need to make here and calling the team with Wilcoxon Insurance Inc. is a good first start. If you work with Wilcoxon Insurance Inc., you will get to learn much more about your different insurance options and how they can protect you. 

A Beginners Guide to Home Insurance

Although home insurance may be optional if you don’t have a mortgage, it is really an absolute necessity. Given that your home is likely your most expensive purchase and investment, the cost to repair or replace it after a storm or incident is likely to be unattainable for many. Luckily, insurance is here to help by covering certain incidents up to your policy limits. At Wilcoxon Insurance Inc. in Sioux Falls, SD we understand that insurance can be complicated, so keep reading to learn more about home insurance. 

When shopping for a homeowners insurance policy, you’ll want to find one that fits your needs. Generally speaking, the policy you purchase should include enough coverage to do the following:

  • Rebuild your home if it is deemed a total loss.
  • Replace your personal belongings such as furniture, clothes, jewelry, and electronics.
  • Cover the cost of medical bills and legal fees associated with a third-party liability claim that happens on your property.
  • Offer coverage to pay for living expenses, also known as loss of use, if your house is uninhabitable after a covered loss.

The cost of homeowners insurance is largely dependent on where your home is located and the coverage amounts that you choose. If you are looking to lower your rates, consider raising your insurance deductible or the amount that you must pay before the insurance company does, bundle your other insurance policies together, and maintain a good credit score.

If you are a new home buyer in Sioux Falls, SD, Wilcoxon Insurance Inc. is here to help with your insurance needs. Give us a call today to learn more about homeowners insurance and the services offered by our team.

Motorcycle Insurance Requirements in South Dakota

Under South Dakota penal code SDCL 32-35-113, an owner of a registered motorcycle must maintain financial responsibility via motorcycle insurance, a bond with a surety company, or a certificate of deposit for $50,000 on deposit with the South Dakota Treasurer’s office. Additionally, South Dakota requires that any registered motor vehicle carry the following minimum insurance requirements:

  • $25,000 for death or bodily injury to one person
  • $50,000 for death or bodily injury to two or more persons
  • $25,000 for damage or destruction of property

While this coverage may seem appropriate at first, a motorcycle accident resulting in serious injury or property damage will exceed these limits. Any amount over your policy coverage limit becomes your financial responsibility. As a result, it is best to purchase additional liability insurance that better safeguards you from lawsuits and damages related to an accident. 

Additionally, South Dakota is an “at fault” insurance state which means that you are liable for any damages occurring from an accident that you are deemed to be at fault in. If you do not have insurance or it is insufficient, you could face a suspended license, jail time, and lawsuits. In addition to liability insurance, optional coverage includes collision, comprehensive, uninsured/under-insured motorist, and bodily injury. At Wilcoxon Insurance Inc. in Sioux Falls, SD, we will take the time to learn about your unique circumstances to recommend the best motorcycle insurance policy that meets those needs. Call us today or stop by our conveniently located office in Sioux Falls, SD to learn more about our insurance offerings.

What Does Renters’ Insurance Not Cover?

When you move into an apartment, you might be required by your landlord to get renters’ insurance and prove that you’ve gotten it. If this is the case, you want to learn as much as possible before you get your policy. Talk to an agent from Wilcoxon Insurance Inc. of the greater Sioux Falls, SD area so that you know what is not covered by your policy.

Here are some common things that aren’t covered by renters’ insurance: 

Natural Disasters

Typically, natural disasters like sinkholes, earthquakes, and flooding won’t be covered under renters’ insurance policies. You will be able to set up additional policies such as one that’s specifically for flood insurance. 

Automobile Damages 

If an item(s) is stolen from your vehicle, renters’ insurance is likely to cover it. However, it won’t apply to any damage that’s done to your car itself. If your entire car is stolen, renters’ insurance also will not cover any replacement for the current value or otherwise. 

Undocumented Items

If there are items that you can’t prove you owned or at least can’t prove the value for them, you may be out of luck. You should hold onto receipts at all times, especially for those items that you know you’ll want to have replaced or repaired should something happen to them. 

Roommate’s Items 

If you have a roommate, but the renters’ insurance is only under your name, their items aren’t going to be covered under your policy. It may be a different case if the roommate is related to you by marriage, blood, or adoption. 

Renters’ insurance may be tricky to figure out, but you’ll benefit from discussing your options with a Wilcoxon Insurance Inc. agent. Serving the Sioux Falls, SD area, we are happy to help new customers at any time.  Give us a call or fill out our online form to get more information. 

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