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Wilcoxon Insurance, Inc.

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

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Featured Insurance Blog

What auto insurance coverage is required in South Dakota

When you own a vehicle, it comes with some risks. You need to protect yourself from the risks that come with driving. The state of South Dakota has auto insurance requirements that all drivers are mandated to follow. At Wilcoxon Insurance Inc. in Sioux Falls, we make sure that all of our customers understand the law and have the insurance they need to stay on the right side of the law. 

In South Dakota, you need to show proof of financial responsibility. The easiest way to do that is with auto insurance. The amount of coverage you must have is 25/50/25  plus uninsured motorists. This breaks down as $25,000 for a single person injured in an accident where you are the responsible driver, $50,000 for the entire amount of injuries in an accident, and $25,000 for property damage. The uninsured and underinsured motorist coverage needs to be at least the amount of the minimum required for injuries. 

If you have an auto loan, your lender will require that you have coverage to protect your vehicle as well. That means having comprehensive and collision coverage. Collision coverage protects your vehicle from damage due to a collision. It can be with another vehicle when you are responsible, it can be a one-vehicle accident or even a hit-and-run. There is a deductible of your choosing with this coverage. 

Comprehensive coverage is for damage your vehicle sustains that is not caused by an accident. It also covers you for the theft of your vehicle and for glass damage. The types of other coverage it provides are for things like hail and wind damage, flooding, and a deer that runs in front of your vehicle. 

If you need your vehicle, having this coverage is a good choice. 

Contact Wilcoxon Insurance Inc. in Sioux Falls, SD when you are in the market for auto insurance. 

Motorcycle Insurance Coverage Options

If you have a motorcycle, it is important that you protect it through an adequate insurance policy. The agents at Wilcoxon Insurance Inc. in Sioux Falls, SD wants you to know and understand the options you have available to you when it comes to motorcycle insurance.

Motorcycle Insurance Requirements in South Dakota

The state of South Dakota requires that all motorists, including motorcyclists, have at least a liability insurance policy in place that will assist in paying the medical bills and property damage sustained by others in an accident that you have caused.

Underinsured or Uninsured Coverage

If you become involved in a crash with a motorist who does not have any insurance coverage or not an adequate amount to cover damages to your bike or injuries to yourself or your passenger, this type of policy will help with those costs.

Comprehensive Motorcycle Insurance

If you borrowed the money to purchase your bike, your lender may require you to have comprehensive coverage in place to protect the investment the lender made in your motorcycle. Even if you do not owe money for your motorcycle, this is a great policy to have since it will help cover damages to your bike if it is damaged or destroyed by a fire, an act of vandalism, theft, or a natural disaster.

Collision Motorcycle Insurance

Collision motorcycle insurance coverage will help you pay for any damages that occur to your motorcycle if you collide with another vehicle or with a stationary object. For example, if you hit a garage door while driving your bike, this part of your policy will pay for damages to your motorcycle as well as the garage door.

Get the Proper Motorcycle Insurance Coverage

To create a motorcycle insurance policy that is right for you and your situation, contact that experienced and trusted agents at Wilcoxon Insurance Inc. in Sioux Falls, SD today!

South Dakota Home Insurance: Why You Need Home Security

When you have a home, you have a building filled with your dreams. Protecting those dreams is the greatest benefit to home security. Of course, it helps with your home insurance as well, but that’s because you are lowering the risks of property and contents damage. 

At Wilcoxon Insurance Inc., we want Sioux Falls, SD homeowners to be safer in their homes. 

Learn about these key benefits of home security.

Protecting Your Valuables

Of course, a home security system is intended to protect humans in the home, but it also protects your valuable possessions. You may not think you have that much, but in the eyes of the insurance company, you do.

A good home security system will help you to keep the things that you’ve worked your entire life for.

Deterrent

Security systems will minimize your risk of becoming a victim of a crime as they serve as a deterrent. Criminals do not want to get caught. 

When people around your home know that you are monitoring your property, they are less likely to try and get in. It won’t deter everyone, but it will deter many. That’s more peace of mind than you would have without one.

Remote Access

Today you can get security cameras for your interior for very affordable rates. Many will sync with your phone and you can get a live view, remote notifications, and see what is happening as it happens.

This allows you to handle vandals remotely, and also detect problems remotely. It may not be a vandal. It could be a fire, a water leak, any problem at all that could put your property at risk or peril.

Security systems make sense as they reduce risks. This is why your home insurance company likes them so much. You will too.

Get a Quote

To see the impact a home security system can have on your home insurance, get a quote to update your policy. At Wilcoxon Insurance Inc., we want Sioux Falls, SD homeowners to feel safe in their homes. We can help you update your policy to reflect more security and peace of mind. Call us for a quote today.

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. 

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