The Insurance Alphabet- C!

Homeowners insurance coverage can easily get confusing! Personal liability, personal property, and additional living expense, oh my! Our agents will help you to realize what additional coverages you need while still keeping prices low. Get a quote here and find out more about coverages here.

The Insurance Alphabet- B!

Did you know we also offer boat insurance? Make sure you’re covered when you’re out on the lake! Get a free boat insurance quote here.

The Insurance Alphabet- A!

At the Statewide Insurance Agency you won’t have to settle for second rate service in order to get a great price. We take pride in being knowledgeable, fast, and accurate. We help you find discounts by bundling your home and auto, by helping choose the best deductibles for you, and helping you understand your different coverages. Learn more here. And as always, get a quote here!

Edmond Home Insurance YOUR WAY

One of the best parts about working with Statewide? You choose the way you want to work with us- in person, via email, or by phone. Give us a call today to see the Statewide difference. Or hey, stop on by!

Does your Oklahoma homeowners insurance cover liability arising from lawn mowing accidents? Ours does!

Even if you drive like this guy, Statewide Insurance Agency still has a home insurance company that is right for you! Get a quote here today!

 

man sitting on a lawnmower

Best Home Insurance Rates in Oklahoma

Looking for the best home insurance rates in Oklahoma? Statewide Insurance can help you because we represent multiple companies which allows us the opportunity to find the best one for you! We specialize in Oklahoma home insurance and auto insurance which makes us great at what we do. Get a quote here.

Edmond LibertyFest

Happy 4th of July (week)! Looking for fun activities for the 4th? As always, Edmond is putting on a wonderful multi-event celebration called LibertyFest. Between a car show, fireworks show, carnival, a concert, and more, there are plenty of events to enjoy. Check out the full calendar here!

 

Homeowners coverage provides financial protection against loss due to disasters, theft and accidents. Most standard policies include four essential types of coverage: Coverage for the structure of your home; Coverage for your personal belongings; Liability protection; Coverage for Additional Living Expenses


Coverage for the structure of your home

Your homeowners policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disasters listed in your policy. Most policies also cover detached structures such as a garage, tool shed or gazebo—generally for about 10 percent of the amount of insurance you have on the structure of the house.

A standard policy will not pay for damage caused by a flood, earthquake or routine wear and tear.

When purchasing coverage for the structure of your home, remember this simple guideline: Purchase enough coverage to rebuild your home.

Coverage for your personal belongings

Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disasters. The coverage is generally 50 to 70 percent of the insurance you have on the structure of the house.

The best way to determine if this is enough coverage is to conduct a home inventory.

Personal belongings coverage includes items stored off-premises—this means you are covered anywhere in the world. Some companies limit the amount to 10 percent of the amount of insurance you have for your possessions. You also have up to $500 of coverage for unauthorized use of your credit cards.

Expensive items like jewelry, furs, art, collectibles and silverware are covered, but there are usually dollar limits if they are stolen. To insure these items to their full value, purchase a special personal property endorsement or floater and insure the item for its officially appraised value.

Trees, plants and shrubs are also covered under standard homeowners insurance—generally for about $500 per item. Trees and plants are not covered for disease, or if they have been poorly maintained.

Liability protection

Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also pays for damage caused by your pets. So, if your son, daughter (or even your dog) accidentally ruins a neighbor’s expensive rug, you are covered. (However, if they destroy your rug, you’re out of luck.)

The liability portion of your policy pays for both the cost of defending you in court and any court awards—up to the limit stated in your policy documents.

Liability limits generally start at about $100,000, however, it’s a good idea to discuss whether you should purchase a higher level of protection with your insurance professional. If you have significant assets and want more coverage than is available under your homeowners policy, consider purchasing an umbrella or excess liability policy, which provides broader coverage and higher liability limits.

Your policy also provides no-fault medical coverage, so if a friend or neighbor is injured in your home, he or she can simply submit medical bills to your insurance company. This way, expenses can be paid without a liability claim being filed against you. It does not, however, pay the medical bills for your own family or your pet.

Additional living expenses (ALE)

ALE pays the additional costs of living away from home if you cannot live there due to damage from a an insured disaster. It covers hotel bills, restaurant meals and other costs, over and above your usual living expenses, incurred while your home is being rebuilt.

Keep in mind that the ALE coverage in your homeowners policy has limits—and some policies include a time limitation. However, these limits are separate from the amount available to rebuild or repair your home. Even if you use up your ALE your insurance company will still pay the full cost of rebuilding your home up to the policy limit.

If you rent out part of your house, ALE also covers you for the rent that you would have collected from your tenant if your home had not been destroyed.

Next steps: Purchasing a home? Get the Home Buyers Insurance Checklist.

This post was written by the Insurance Information Institute.

How To Save Money On Your Oklahoma Home Insurance

Looking to save money on your home insurance? Here are some great tips! Like tip number 1 says, shopping around for the best rates is so important and is exactly what Statewide does for you! We shop up to 10 different companies to find the best rate and coverage for you. Give us a call today at 405-285-2929 or get a quote here.

 

 

 

Home and Car Insurance Quote

Needing a quote for your home and/or auto insurance? Get one here! We currently represent and offer quotes from 10 different companies. By doing so, we are able to find the company that is best for you. In addition, we only represent companies that have an “A” Rating through A.M. Best Company.