Archive for finance

The Independent Insurance Agent

You are constantly bombarded with ads for big, well-known insurance companies. Chances are that you’re familiar with Progressive’s Flo and Geico’s gecko. So it makes sense that you might gravitate toward one of these companies. 

Flo from Progressive Insurance

Gecko from GEICO

However, working with an Independent Insurance Agent has many benefits that you should be aware of before deciding where to take your business.

Here are the top 5 benefits in choosing an 
Independent Insurance Agent in Oklahoma!

Network of providers

Instead of calling one insurance company and getting a quote one at a time for their products, independent agents work with a network of trusted insurance providers. They input your information and receive quotes from many insurance providers, saving you numerous phone calls.

Easy and simple

Rather than seeking out several quotes for yourself, an independent agent will assess your needs and then do the work for you. With just one phone call, you’ll have a person working in your best interests to find you the best policy for the right price.

Find better deals

Aside from just renewing your policy for another year, ask your independent agent to check to see if there are any better deals that suit your needs. Agents have saved customers lots of money by doing this.

Great customer service

With big companies, you have to navigate an automated answering system when you call. But with independent agents, you get a real person. Plus, these agencies serve a smaller area than large companies, so they can spend more time with each customer in order to address your questions and concerns.

In the neighborhood

Independent agencies are local, which means that they’re familiar with neighborhood needs. They know if your town is located in a flood plain and the likelihood of theft in your area. This makes independent agents valuable resources when it comes to coverage needs and discounts.

Statewide Insurance Agency

“We welcome you to find the value in your Edmond Locally Owned business and would love the opportunity to become your Independent Insurance Agency today. Please contact us if you have any questions with your current/future insurance needs.”

IAA

OAA

Edmond Locally Owned - Edmond, OK

Appliance Hoses

Should You Be Worried???

There’s a ticking time bomb in your Tulsa, Oklahoma house right now, waiting to strike when you least expect it. In fact, there might even be more than one. And each can cause thousands and thousands of dollars in damage.

We here at Statewide Insurance are talking about faulty appliance hoses, of course.

Consider your humble washing machine: According to the Insurance Institute for Business & Home Safety (IBHS), washing-machine failures cost an average of more than $5,000, and faulty hoses are responsible for more than half of those failures.

You can take steps to defuse these ticking time bombs — or at least make them less likely to go off. Here are the common hoses and tubes you should be checking:

Hoses

Washing Machine

Most washing machines come with rubber hoses that connect to your water supply — hoses that can wear out and eventually burst. The IBHS says to check frequently for blisters, worn tubing, stress cracks and loose connections. Even if there is no obvious wear, replace hoses every five years. Use a reinforced steel-braided hose, as they are less likely to fail.

Dryer

Although you should clean the lint trap in your dryer with every load, danger lurks behind the dryer as well. Flexible plastic or foil ducting can easily trap lint and increase the risk of fire, according to the U.S. Consumer Product Safety Commission. The agency recommends the use of a rigid or semi-rigid metal duct instead. Whichever you use, be sure to disconnect and clean the ducting annually.

Refrigerator

If your refrigerator has an ice maker or water dispenser, it also has a hose connecting it to the water supply. Replace the standard hose with a steel-braided line for added security.

Dishwasher

Dishwasher leaks can easily go undetected, so it’s important to check these connections regularly as well. Make sure that hoses and lines have no kinks, and periodically remove and clean the filter in the dishwasher, which is designed to stop food pieces from making it into the drain hose. 

Gas Grills

At least once a year (typically when you fire up the grill for the first time after winter), check the hose connecting the fuel source to the burners. Simply brush it with some soapy water, turn the gas on (do not light the grill) and check the hose for air bubbles. If you see any, replace the hose and fitting.


In addition to checking your hoses regularly and replacing them when needed, there are monitoring systems available now that can automatically shut off your water supply in the event of a failure. Some detect leaks with moisture indicators, while at least one new system actually checks your water meter for unusual activity.

To further protect you, your homeowners insurance may cover certain damage that results from appliance hose failures. But, it all depends on the circumstances of your situation and on your specific policy. You may find that an appliance hose failure is not covered by your insurance, so it’s best to maintain your appliances to avoid damage in the first place.

 

If you have questions about your homeowners insurance coverage or need help with a claim, we here at Statewide Insurance Agency are happy to help.

Water Damage Prevention Tips

Leaking Faucet

Even a small leak can become a major problem, so knowing what you’re covered for and how to prevent water damage are equally important.  The below tips should help uncover any potential water problems down the road and keep your property dry this summer.

  • Check appliance hoses.
  • Broken tiles in the shower can allow water to leak into the walls or on the floor.
    • Replace cracked tiles and re-grout when needed.

  • Run dishwasher and washing machine only when you are home. 
    • If a leak occurs, you can turn the appliance off right away. 

  • When on vacation, turn off the main water supply to your house.

  • Keep storm drains near your house clear of leaves.

  • Install a gutter guard.
    • This can prevent a rooftop disaster caused by drain clogs, and also prevents flooding by water that isn’t carried away from the house.

  • Install a water pressure gauge.
    • An inexpensive gauge can prevent damage caused by water pressure that’s too high. 
    • Pressure should be between 60 and 80 PSI. 

  • Have the correct insurance coverage.
    • We currently represent and offer free Home, Auto & Renters insurance quotes from over 10 different companies!
    • By doing so, we are able to find the company that is best for you.

Edmond Home Insurance Decreases With New Protection Class

This summer, several Edmond homeowners will see some pricing relief on their home insurance rates due to the diligent efforts of the City of Edmond and particularly the Edmond Fire Department.  The lower rates will result from revised Protection Class changes that start this summer.  The Protection Classification is a measure of the overall ability of a department to respond to a fire.  Home insurance companies in Edmond and all of Oklahoma use the Fire Protection Rating System (FPRS) to assist them in establishing homeowners insurance rates.  A link to the article in the Edmond Sun is below.

Thank You City of Edmond/Edmond Fire Department!

http://www.edmondsun.com/news/edmond-residents-could-see-reduced-insurance-rates/article_b79aa620-08f6-11e6-a514-93d88ddd0dce.html

 

Happy Mothers Day 2016

Happy Mother's Day

Earth Day 2016

Earth Day 2016 "OKIE"

Take part in an Earth Day event — or celebrate in your own way

People are thinking more and more about the environment — whether it’s something that affects quality of life here in Oklahoma or global issues such as climate change and extreme weather. But more importantly, people aren’t content with simply thinking about these things any more. They’re focused on taking action. Earth Day, which is celebrated April 22, is the perfect time to take action, whether you are looking to take part in a community event or organize your own. Here are some tips to help you get involved — and think about our planet Earth all through the year.

Find an event

It’s easy to find Earth Day events, whether you live in Edmond, Oklahoma or the OKC Metro. City and town Facebook pages are a great place to start, along with the websites of local environmental organizations. Newspapers, radio and TV often publicize events as well.

The Environmental Protection Agency website lists major Earth Day activities at http://www.epa.gov/earthday/index.html.

What can I do?

There are all kinds of Earth Day activities, even some you can easily complete by yourself or with your family. Examples include:

  • Planting trees
  • Cleaning up litter from a natural area or park
  • Adopting a road for litter control
  • Talking about Earth Day and helping to educate others
  • Using alternate transportation, instead of taking your car
  • Holding a garage sale or clothing swap, rather than throwing out unwanted items
  • Learning more about actions you can take to reduce your environmental impact

What if I want to organize an event?

Hosting an event doesn’t have to be a Herculean task, particularly if you keep it small. Any of the ideas above could be turned into your own event — just get the word out via social media, friends and family or even local print and broadcast media. But if you do want to organize a full-scale event, go for it!

Make it more than a day

Of course, one of the best ways to have an impact is to make every day your own Earth Day. You can take part in earth-friendly activities at any time! So in addition to celebrating once a year, make this April 22 just the beginning of something special.

And whether you find an event or create your own, the important thing is getting involved!

 

 

Tesla Motor Model 3 Sedan

Experts are saying the time has come for upgradable cars. How would you improve your ride? http://j.mp/1TMvl6t

“Boii-oiii-oiiii-nnnng”

 (That’s the Sound Spring Makes)

Displaying Considering the winter we’ve just been through (and some would say it’s not quite over), nearly everyone is breathing a sigh of relief now that Spring is here! Warmer months DO bring less severe road and driving conditions. However, there are stillvehicle maintenance, insurance, and driving tips that can save time, money, and even lives.

 
For starters, don’t jump the gun at the first sign of warm weather. Water on roadways can freeze at night long after the last snowfall—especially at high altitudes and in far northern climes. If you drive on winter tires, a good piece of advice, according to reliable sources, is to wait till temperatures stay above 45-degrees (F) before shedding snow tires for good.
 
But you shouldn’t wait on ALL things. For example, check your tires and windshield wiper blades before spring rains start to fall to be sure that they’re up to their respective tasks. For tires, the penny test should tell you whether you’ve got enough tread depth to clear away water. And to ensure good visibility in a wide range of conditions, be sure to check windshield wiper blades and replace them if they’re worn, or leave streaks.
 
And as weather turns from temperate to downright hot, perform routine checks and maintenance on the stuff that keeps the “hot side hot and the cool side cool,” such as radiators and cooling systems; batteries and electrical systems; and air conditioning.  

Watch and Learn:
A “Hole” lot of useful information on potholes and insurance: 

ALL SOURCES OF INFORMATION:

8 Ways Your Driving Record Could Injure Your Future

In today’s over-scheduled world, any information that isn’t at your fingertips is out of sight, out of mind. So when you set down the mail, it’s easy to forget about that ticket you need to pay from when the motion-sensor camera caught you driving through a red light. However, where you forget, the DMV remembers. Your Oklahoma driving record has the ability to affect many areas of life, some of which may surprise you. Here are eight ways your driving record could injure your future:

Driving Record

  1. Auto insurance: Insurers determine car insurance quotes based on many factors, one of which is your driving record. It’s no surprise that these companies prefer to insure Edmond, OK residents who drive safely and file few claims. For this reason, multiple tickets and accidents on your record can result in higher premiums. How high? A speeding ticket can raise your auto insurance quote by up to 20 percent. A more serious offense, such as reckless driving or a DUI, can cause your rate to skyrocket by up to 300 percent.
  2. Life insurance: Similarly, life insurance premiums are determined by your risk of dying. An unsafe driver has a higher risk of being involved in a serious accident, which can knock you down to a less preferred tier of life insurance, complete with a premium that can be several hundred dollars more per year.
  3. Credit score: If you neglect to pay a ticket, like in our example above, your credit score can take a hit. Once the bill’s deadline comes and goes, fees are slapped onto the amount you already owe. You may start getting calls from collection agencies saying that you owe a huge amount, at which point you remember that bill that you set aside for later…ten weeks ago. By then, it’s too late. Your deflated credit can affect your ability to apply for a loan, credit card or even to rent an apartment.
  4. License suspension: Serious driving infractions and unpaid tickets often result in the suspension of your license. In such cases, the Oklahoma DMV can refuse to register your car, which can lead to more tickets if you continue to drive an unregistered car or with a suspended license. It’s a cyclical mess that can be difficult to get out of.
  5. Hard time: Hard time in jail, that is. Unpaid tickets can result in a misdemeanor charge and a warrant for your arrest. Not to mention, a DUI can land you in the slammer that same day.
  6. Professional career: Losing your license can also result in the loss of your job, particularly if your job requires driving or comes with the perk of a company car. And then when you interview for a new job, some employers will turn you away if they see a DUI or other serious violations after conducting a background check.
  7. Loss of rights: A DUI or other serious violation can be classified as a felony if the incident(s) resulted in severe damage or death. Convicted felons are stripped of a number of rights, such as the right to vote, hold public office, serve on a jury, receive federal aid for higher education, travel overseas etc.
  8. Adoption: Adoption agencies have different policies, but many of them will look at your driving record. A DUI or other serious violation may result in an extensive interview during the home study or may result in outright refusal of your application. The more recent the violation, the more likely it is to affect your eligibility to adopt.

To get the lowest car insurance quotes possible for Oklahoma residents, always drive with caution and respect other drivers who share the road with you. If you do happen to receive a minor ticket, pay it immediately before you have the chance to forget about it. In fact, it’s so important to drive safely that many insurers offer auto insurance discounts to safe drivers. Ask your agent if you qualify for savings today!

Uninsured Motorist Coverage in Oklahoma

 

Did You Know: In Oklahoma, if you are hit by an uninsured or under-insured motorist, the damage to your car is not covered under this coverage….you’ll need Collision Coverage to pay for the damage to your vehicle! Learn what Von has to say about this important coverage.