Protect your personal assets from others by purchasing Liability Insurance! #mostimportantcoverage
Archive for Auto Insurance Quote
Saving $$$ on your car insurance may be as simple as finding the company that really wants and values your business!
Summer is officially over. A quick reminder to keep your home gutters clear from debris during the Fall!
Click and hear what Trevon Nix has to say about Landlord’s Insurance. #ProtectYourHome #LandlordsPolicy
Just a friendly reminder that our office will be closed Monday, September 5th! Enjoy your Labor Day Weekend.
What does Rental Car Reimbursement cover? Trevon Nix, an Independent Insurance Agent with Statewide Insurance Agency in Edmond, Oklahoma, would like to share some benefits of having this coverage added to your car insurance policy.
When generating a personalized home insurance quote for all Oklahoma residents, we take into account several standard aspects of your home and deductibles to find a starting price point. However, we also look at a few other factors when determining your home insurance premium.
The Structure of Your Home
What your house is made of can increase or lower your premiums. Concrete and brick houses tend to fare better against environmental elements and are less susceptible to house fires. Therefore home insurance premiums on them tend to be lower than their wood structure counterparts.
Your Insurance Score
Insurance companies actually use “Insurance Scores” rather than “Credit Scores” when rating for for your home and auto insurance. Each company has their own proprietary formula for calculating an Insurance Score; however, based upon our experience, we find that Credit Scores (such as those through TransUnion) are usually similar to Insurance Scores.
The Structure of Your Home
What your house is made of can increase or lower your premiums. Concrete and brick houses tend to fare better against environmental elements and are less susceptible to house fires. Therefore home insurance premiums on them tend to be lower than their wood structure counterparts.
The Age of Your Home
Newer homes that have been built with the current safety codes and better building materials may mean lower insurance premiums than their older counterparts that were built with outdated security measures and older structural materials.
The Emergency Response Team Nearby
Many homeowners don’t realize the effect of their town’s fire station on their home insurance premiums. If your home is close to a fire hydrant, near an adequate fire station, and has a higher quality emergency response team you may be eligible for lower premiums.
It is important to understand how your house can affect your homeowners insurance premiums. If you have any questions or wish to speak with one of our agents, please contact us today to review your policy.
A Few Tips for the Oklahoma College-Bound
Colleges in Oklahoma are expensive enough without the added cost of unexpected accidents or theft, not covered by your insurance policy. If you have a student heading away to school in Oklahoma, below are a few tips to help you get the most out of your coverage!
HOMEOWNERS (Oklahoma)
- Personal Property: Most homeowners policies will cover personal property for up to 10% of your total policy while your child is residing at school (a $100,000 policy equals $10,000 in coverage). Not all types of damage are covered, so read your policy carefully. Some items such as jewelry or expensive electronics, require special coverage. Renters insurance is strongly recommended.
- Liability Coverage: General damage to a dorm room or apartment is not usually covered.
- Documentation: Creating an inventory of the items your child is taking to school is a good idea. Use photographs and keep receipts.
AUTO (Oklahoma)
- Car Stays Home: Keep your child listed on your auto policy if they will still drive your car while at home on school breaks.
- Car at School: Make sure to notify us if your child will be taking a car away to school. In most cases, if the car is registered to you and listed on your policy, it will be covered.
- Driving a Friend’s Car: Students are generally covered if they are listed on their parent’s policy and are not regularly using the vehicle. The coverage would be secondary. The insurance for the friend’s vehicle would be the primary coverage.
- Discounts: A full-time student meeting certain academic requirements can qualify for a good student discount. Distant student discounts may also be available. Drivers under 21 who have completed driver’s education may also get a discount.
Call before you or your child leaves for school!
Statewide Insurance Agency (405) 285-2929
We can walk you through the steps to ensure you have the right coverage. We’re here to help !
