Archive for Home and Auto Insurance Quote

Protecting Yukon, OK, Edmond, Norman, Midwest City, Guthrie, Oklahoma City, Moore, OK

Posted by Von Nix 
· Friday, September 8th, 2017 

 

Your home is the center of your daily life, and likely your most valuable asset. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact.  Statewide Insurance Agency can help you find the homeowner’s insurance quotes that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.

Insurance Quotes for All Kinds of Homes

Depending on where you live – a house, apartment, or condominium – the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings. Contact us for more information today! 

Oklahoma– What you need to know about homeowners insurance

Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.

Homeowners policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.

Statewide Insurance Agency is here to help you find the right insurance for your home

Whether you’re a home or condo owner, a renter, or a landlord,  Statewide Insurance Agency will work with you to find a home insurance quote that fits your needs. We specialize in making it easy to choose the home insurance coverage that gives you the best value for the best price.

Your home insurance policy is most often made up of the specific options you choose, so how much you’ll pay for your policy depends on:

  • What you select. Oftentimes homeowners insurance options are priced individually, so how much you’ll pay for your policy depends on what coverages you buy.
  • How much you want to cover. Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.
  • Where you set your limits. You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.
    • Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage. 

The Right Coverage. The Right Price. The Right Value

The amount you pay for your homeowners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.

Protection for Your Home

Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.

Protection for You and Other People

Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world.

  • When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.

Medical Coverage

This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.

Additional Living Expenses

If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses—commonly for up to 24 months—while damage is assessed and your home is repaired or rebuilt.

Protection for Your Belongings

Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.

Scheduled Personal Property Coverage

If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.

If You Rent Out Your Home

Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. Visit our Landlord Protection Insurance page for more information.

Edmond, Guthrie, Oklahoma City, Yukon, Midwest City, Choctaw, Moore and Norman – Protect the Things that Matter to You

Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video – using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part.

Every home is unique – talk to us today to find out how to get the best price and value on homeowners insurance for you. 

 

 

Pursuing Home Insurance Solutions

Posted by Von Nix 
· Wednesday, September 6th, 2017 

Quality home insurance in Oklahoma doesn’t have to break your bank account. We offer top quality homeowner and car insurance products and, our ability to quote multiple companies, ensures you get a solid price. Moreover, we will monitor your policy at each renewal to take advantage of any company changes that impact your policy.

Statewide Insurance Agency continues to place a high value in our relationship with Safeco Insurance (a wholly owned subsidiary of Liberty Mutual Insurance) to provide our customers with long term value on their Oklahoma home insurance and their Oklahoma auto insurance.  

Cheap home insurance rates in Oklahoma aren’t enough!  Oklahoma home insurance companies also have to provide consumers with a long term value package that includes excellent coverages and great agency service to go with the low home insurance rates and low car insurance rates.  Today’s consumers are well-read and able to compare home insurance quotes from several companies in a short amount of time.  These high demands eliminate many home insurance companies in Oklahoma from being able to offer long term insurance value.  Safeco Insurance is a company that we trust and believe you can too.  Here a few facts about Safeco…. 

THEY MAKE HOME INSURANCE EASY FOR HOMEOWNERS IN OKLAHOMA
Safeco offers 24/7 claims service and online account management tools.

ALL THE PRODUCTS EDMOND HOMEOWNERS NEED IN ONE PLACE.
Auto, home, motorcycle, boat, RV…you name it, chances are Safeco covers it.

LOCAL AGENTS, EXPERT ADVICE.
You’ll work with a local home insurance agent, like me, to get the coverage and home insurance quote you need at the right price.

THEY’LL BE THERE.
Safeco has been in business since 1923 and is backed by the financial strength of Liberty Mutual.

Which Disasters Are Covered by Homeowners Insurance

Posted by Insurance Information Institute 
· Friday, January 20th, 2017 
 
Insurance Information Institute
 

Which Disasters Are Covered by Homeowners Insurance?

Standard homeowners policies generally cover a wide range of potential disasters, from tornadoes and windstorms, to fire and lightning strikes, to winter storm damage caused by weight of ice and snow. Most homeowners policies cover all the disasters listed below. Some policies provide coverage only for the first 10 listed. It is important to check check your insurance policy for the specific perils covered.

WHAT TYPE OF DISASTERS ARE COVERED?

 
  Dwelling & personal property Dwelling Personal property  Dwelling & personal property
Perils Basic
HO-1*+		 Broad
HO-2*		 Special
HO-3*		 Special
HO-3		 Renters
HO-4		 Condo/
Co-op HO-6		 Modified
Coverage HO-8
1. Fire or lightning x x x x x x x
2. Windstorm or hail x x x x x x x
3. Explosion x x x x x x x
4. Riot or civil commotion x x x x x x x
5. Damage caused by aircraft x x x x x x x
6. Damage caused by vehicles x x x x x x x
7. Smoke x x x x x x x
8. Vandalism or malicious mischief x x x x x x x
9. Theft x x x x x x x
10. Volcanic eruption x x x x x x x
11. Falling object   x x x x x  
12. Weight of ice, snow or sleet   x x x x x  
13.  Accidental discharge or overflow of water or steam from within a plumbing, heating, air conditioning, or automatic fire-protective sprinkler system, or from a household appliance.   x x x x x  
14. Sudden and accidental tearing apart, cracking, burning, or bulging of a steam or hot water heating system, an air conditioning or automatic fire-protective system.   x x x x x  
15. Freezing of a plumbing, heating, air conditioning or automatic, fire-protective sprinkler system, or of a household appliance.   x x x x x  
16. Sudden and accidental damage from artificially generated electrical current (does not include loss  to a tube, transistor or similar electronic component)   x x x x x  
17. All perils except flood, earthquake, war, nuclear accident, landslide, mudslide, sinkhole and others specified in your policy. Check your policy for a complete list of perils excluded.     x        

* HO-1, HO-2 and HO-3 refer to standard Homeowners Policies.       
       
+HO-1 has been discontinued in most states.

Disasters That Are Not Covered

1. Floods

Flood damage is excluded under standard homeowners and renters insurance policies. Flood coverage, however, is available in the form of a separate policy both from the National Flood Insurance Program – NFIP ( 888-379-9531) and from a few private insurers.

You can get replacement cost coverage for the structure of your home, but only actual cash value coverage is available for your possessions. There may also be limits on coverage for furniture and other possessions stored in your basement.

Flood insurance is available for renters as well as homeowners. You will need flood insurance if you live in a designated flood zone. But also consider buying it if your house could be flooded by melting snow, an overflowing creek or water running down a steep hill. Don’t wait until the evening news announces a flood season warning to buy a policy. There is a 30-day waiting period before federal flood coverage takes effect.

2. Earthquakes

Earthquake coverage can be a separate policy or an endorsement to your homeowners or renters policy. It available from most insurance companies. In California, it is also available from the California Earthquake Authority. In earthquake prone states like California, the policy comes with a high deductible.

3. Maintenance damage

It is your responsibility to take reasonable precautions to protect your home from damage. Your insurance policy will not cover damage due to lack of maintenance, mold, termite infestation and infestation from other pests.

4. SEWER BACK-UP

Sewer backups or the inability of sump pumps to handle runoff water from major downpours are not covered under a typical homeowners insurance policy, nor are they covered by flood insurance. Those types of coverage must be purchased either as a separate product or as an endorsement to a homeowners policy.”
 
Sewer backup coverage is available from most insurers for a nominal cost—usually an additional annual premium of $40-$50.
 
Many homeowners may not realize that they are responsible for the maintenance and repair of their house or sewer lateral—the pipeline between the city sanitary sewer main, usually located in the street—and the building. The sewer lateral is owned and maintained by the property owner including any part that extends into the street or public right of way.

 
 

Renewal Review: Norman, OK Home Insurance Quotes

Posted by Von Nix 
· Wednesday, December 7th, 2016 

When you have a home insurance policy, it’s easy to get complacent. You have your coverage and you’re used to paying your premiums. But being complacent isn’t good when it comes to your home insurance coverage. Failure to review yearly could mean leaving a lot of money on the table for you and your family.

It’s best to take a yearly inventory of your insurance needs. Have your coverages changed? A lot can happen in a year — you can add members to your family, get married, acquire jewelry, move or change jobs. All of that can lead to needing different coverage. If you don’t take time to look at what type of coverage you need every year, you can find yourself in a tough spot when an loss happens and you aren’t properly covered.

Even if your coverage needs haven’t changed, prices might. It’s good to call your Independent Insurance Agent and ask him/her to make sure you are getting the best deal on your Norman home insurance and/or your Norman car insurance  — perhaps you’re paying too much for certain coverage.

It’s best to talk with your agent about your coverage needs and price once a year. Just because you see a lower price elsewhere doesn’t mean you have to jump on it — discuss it with your agent and figure out what’s best for your needs.

Statewide Insurance Agency serves the entire state of Oklahoma; however, we enjoy an extra special relationship with our home insurance and car insurance customers in the Norman, OK area!  Remember….we search multiple companies to find the right one for you!

#MostImportantCoverage

Posted by Von Nix 
· Thursday, September 29th, 2016 

Protect your personal assets from others by purchasing Liability Insurance!  #mostimportantcoverage

Tips and Tricks for Saving $$$ on Your Homeowner’s Insurance Policy

Posted by Von Nix 
· Monday, September 26th, 2016 

If you own your home in Oklahoma/OKC Metro, or if you’re in the process of buying your home then you’re aware of the importance of a homeowner’s insurance policy. But are you making sure that your homeowner’s insurance policy is saving you as much money as possible?

checking-homeowners-insurance-policy-okstatewide

Here are a few tips and tricks for saving money
on your Homeowner’s Insurance Policy. 

Do Your Research

A smart consumer will request several quotes and shop around for the best deal on their homeowner’s insurance policy. Talking with independent agents is always a good method for getting a good understanding of what constitutes the best deal taking coverage and cost into consideration. But you should also look for any discounts you can: many memberships come with insurance discounts, even wholesale club memberships like Costco and Sam’s Club.

Update Your Home

If you own or are purchasing an older home especially, talk with an agent about what modern upgrades will affect your premiums. You can make some changes that make your home safer and also save you money every month!

Brush Up on the Lingo

Sometimes, consumers choose a slightly cheaper option without knowing the real cost of the compromise in coverage. For example, consider the way your policy handles a payout. Actual Cash Value will save you a little money on your premium, but should something happen, you may find this payout inadequate. 

This is because Actual Cash Value payouts are based entirely on the current worth of the home and contents insured. In contrast, Replacement Cost will payout based on the current cost to rebuild or purchase the home and contents. This can mean a stark contrast in what your payout looks like and greatly affect your ability to recover from a disaster. 

Consider A Higher Deductible

As with any type of insurance, you can expect to lower your premium by raising your deductible. You have to consider whether this option is the best fit for you, because raising your deductible will put more financial responsibility on you than sticking with a lower deductible. Speak with an agent about how much you feel comfortable with raising your deductible up to and see how it affects your annual premium.

Add an Umbrella Policy

Although adding an additional policy made seem counter-intuitive when it comes to saving money, an umbrella policy can add extra protections that save you significant money in the future. Should you face any liability litigation, that exceeds your homeowner’s policy, you are personally and financially responsible for those costs. If you don’t have the funds available, you could be looking at wage garnishments or worse. An Umbrella policy is quite inexpensive to add and the protections it provides are more than worth it.

Its official! #ExpericeDowntownEdmond

Posted by Von Nix 
· Wednesday, September 21st, 2016 

member-experiencedowntownedmond-okstatewide405

Downtown Edmond Business Association

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