Travelers, Safeco and Progressive Insurance are 3 of our favorite homeowners insurance and automobile insurance providers to quote and sell in Oklahoma because…..

1. they offer excellent coverages

2. their claim service is what you expect it to be and

3. they offer rate stability….they don’t price gouge you on your renewal.

You can always get a quote easily on our website. Click here to get one now.

Most Independent Insurance Agents represent 10 or more companies homeowner insurance companies in Oklahoma and they are usually willing to quote any of them.  That is where Statewide Insurance Agency is different….we only quote products of companies with proven track records of price,  coverage and service stability.

Furthermore, you do not have to ask us to review your home insurance policy when it renews…..we do it automatically as one of the agencies most important processes.

Please consider Statewide Insurance Agency the next time you need a quote on your home or car insurance in Oklahoma.

The post Compare Home Insurance Quotes in Oklahoma City first appeared on Statewide Insurance Agency.

The post Travelers Home Insurance first appeared on Statewide Insurance Agency.

Update: February 23, 2020

Here is my latest update for home insurance in Oklahoma….*

1.  Progressive Insurance:  They still offer an excellent value and are a good long term choice for many consumers
2. Safeco Insurance (a Liberty Mutual Company):  This is, by far, the biggest change on my update.  Bundling discounts with Safeco pretty much require you to place your home and car insurance with them; however, their package is going to be very strong for consumers with good credit and good loss history.
3. State Farm Insurance:  They offer excellent service and good long term value for some consumers.  Their pricing varies quite a bit but they are worthy of consideration.
4. Allstate Insurance:  They have aggressive growth strategies in Oklahoma and so their pricing is good in some areas for some consumers…I’m not sure about their rate stability and consumers should ask about discounts that diminish or totally go away after the first year!
5. Encompass Insurance (an Allstate Insurance Company):  For many years Encompass was the “high value home” solution offered by Allstate.  Now Encompass is available for dwelling coverage as low as $150,000 and as high as $3M.  They have excellent coverages and they are becoming increasingly competitive.

• Disclosure – Statewide Insurance Agency represents Progressive, Safeco and Encompass but not State Farm or Allstate.

Protecting Oklahoma Homes From Storms

Get quality homeowners insurance at lower cost.

The post Oklahoma Homeowners Catch a Break on Insurance first appeared on Statewide Insurance Agency.

Statewide Insurance Agency offers Oklahoman’s that are looking for home insurance options so that the proper balance between cost and coverage is achieved.

The discussion that follows explains the difference between Replacement policies and Market Value/Actual Cash Value policies. We understand that no one size fits all Oklahoma consumers when you are getting quotes for your homeowners insurance.

It is quite common for insurance companies to offer quotes on homes in Oklahoma City for more than the market value. This often poses the question from Oklahoma homeowners, “Why is my house being insured for more than it is worth?” Before determining how much to insure a house for, it must be decided how the insurance company will value the house if there is a claim. One method offered is to value the property at Replacement Cost, which as the name implies, is intended to pay to replace the property, without regard to the original or current purchase price and without regard to depreciation.

In most situations, the Replacement Cost option is going to result in a higher claim payment then if the property was insured at its current value (sometimes called Actual Cash Value coverage – ACV). An insurance company is only obligated to pay up to the limit of insurance; therefore, the house may need to be insured for more than it is worth. In order to obtain Replacement Cost Coverage, the house will need to be insured for the amount it would cost to replace it.

Most property depreciates in value over time. A television set would not be sold today for the same amount it was purchased for ten years ago; it would be sold for less, most likely much less than the original purchase price. A policy containing a replacement cost provision would pay today’s cost of a new television set of like kind and quality which would be more than if the policy only paid for the value of the ten-year old television set (see ACV coverage above).

On a larger scale, the cost to rebuild or replace an entire home could be significantly more than the home was purchased for or could be currently sold for. Even for a home built this year, the cost to rebuild it very easily could differ from the original cost. There are several factors to consider when making an attempt to measure the cost of replacing a home, such as:

No economies of scale
Cost of preparing the home to be rebuilt
Access to the home site may be limited or obstructed
Increase in labor costs due to high demand, as in the event of a catastrophic event
Increase in material costs, possibly due to shortages or discontinued
There are several methods used to estimate the replacement cost of a home. Some of the factors insurance companies use are:

Building materials
Type of foundation
Attached or detached garages
Square footage
Location of the home
Fireplace
Upgrades
Number of rooms and baths

Replacement Cost Coverage is an option many homeowners should consider when looking for homeowners insurance. Obtaining this coverage will require the house be insured at the estimated Replacement Cost value, which typically is a higher amount than the market value. With the limit of insurance being higher, the premium will also be higher. Certainly no one wants to pay more for insurance, but the difference in a claim payment could be several thousands of dollars.

https://okstatewide.com

The post Looking For Homeowners Insurance in Oklahoma? first appeared on Statewide Insurance Agency.

Our Specialty: Home and car insurance in Oklahoma….we don’t try to be experts in all lines of insurance.

Our Experience:  As of this writing, every staff person has an Oklahoma Agents License to service and sale and our staff of 7 has 108 years of combined personal insurance experience.

Our Motivation:  We desire slow, steady growth through long term client relationships.

Our Commitment:  To place your best interest above our own.

Statewide Insurance Agency

“Okstatewide.com – when you tired of fighting homeowners insurance in Oklahoma”

The post Meet our home insurance professionals….now and at renewal first appeared on Statewide Insurance Agency.

The post Top 10 Writers of Homeowners Insurance in Oklahoma first appeared on Statewide Insurance Agency.

Mindfulness and Insurance – There are a million things you could insure and a million things that could go wrong. But taking a step back and putting things into perspective about what truly matters to you can take the stress out of the process of deciding what to insure and what not to insure. When Oklahoman’s purchase home insurance, it’s essential you allow yourself time to be quiet and mindful. It is normal to feel anxious when thinking about all the perils facing your home and vehicle, when working on final expense and legacy planning, when imagining your future potential disabilities and anticipating all the liabilities and other negative aspects of life that make insurance necessary. To be properly insured and prepared, however, you must allow yourself to be fully invested in the process of home and auto insurance planning rather than distracted and intimidated by what-ifs.

Mindful Insurance Planning – Instead of being bullied by the unknown, be sure to stay focused on the facts while you are planning your insurance portfolio like the risks that anyone in your position may actually face and the value of the property you want to protect. It’s really that simple and knowing this will allow you to fashion a much more secure financial future.

Being frightened of a possible accident that hasn’t yet happened, or being overwhelmed by the amount of data you must consider as you buy homeowners insurance hurts rather than helps you purchase insurance. Deliberating the amounts you need to protect your family won’t make it any easier to select the types of policies that offer you the kind of protections you’re looking for. Instead, it makes you feel doubtful and powerless during what should be a very empowering process.

When you give yourself the mental space to be mindful, you can approach the task of buying insurance as practically and detached as possible. This will help you to deliberate and reason the practical risks you face each day and assign a dollar value to them. From there you can make relevant adjustments as you consider your budget versus potential premiums.

Your insurance agent can help in keeping your emotions in check and your approach to insurance planning practical. If you are ready to start looking for insurance policies that will protect you and your family, give us a call.

We are Statewide Insurance Agency and we specialize in Oklahoma homeowners insurance and Oklahoma auto insurance. https://okstatewide.com

The post “Mindful” Insurance Decisions first appeared on Statewide Insurance Agency.

While self-storage units may be a useful way to de-clutter your home, having the right insurance coverage is the best way to financially protect your belongings—no matter where they are.

If you are planning to rent a storage unit for your belongings, take the following steps:

• Ask your insurance professional about off-premises coverage. Some standard Oklahoma homeowners insurance and renters insurance policies include coverage for personal possessions kept off-premises including a storage facility. Off-premises coverage includes theft and damage from fires, tornadoes and other perils listed in the policy. However, it does not cover for damage caused by flooding, earthquakes, mold and mildew, vermin or poor maintenance. And check the coverage limits, as these vary by company.

• Find out what type of financial protection is provided by the storage facility. Most facilities provide reimbursement based on the square footage of the unit. Check both the coverage limits and whether it is provided on an actual cash value or replacement cost basis. Most storage facilities will also offer a variety of supplemental insurance packages; ask your insurance professional if it would make sense to buy this additional coverage.

• Consider special insurance or storage for expensive items. If you intend to store valuable property, such as art, antiques, jewelry or furs, there may be dollar restrictions under your standard Oklahoma homeowners or renters insurance policy for theft. Ask your insurance professional about adding a floater or endorsement [1] to your policy in order to fully cover these items. There are also specialized storage facilities available for these types of items, as they often need to be kept at specific temperature and humidity levels. Small items such as jewelry will cost less to insure if they are kept in a bank safe-deposit box. Keep in mind contents in a safe-deposit box are not insured by the bank.

• Create an inventory of items to be kept off-premises in storage. Add the items you’re moving to the storage unit to your home inventory so that you can keep track of your belongings and make sure you have the right amount of insurance to protect them. To make creating your inventory as easy as possible, the I.I.I. has a free home inventory tool, Know Your Stuff® [2], which includes secure online storage so you can access your inventory anywhere, anytime.

The I.I.I. offers the following tips for choosing a safe storage company:

• Look for a secure facility. Fencing that secures the entire property and access control are the minimum security measures a storage business should offer. But, ideally, the storage building should have onsite security features such as 24-hour video surveillance cameras and coded security pads. Also, find out about the facility’s procedures in cases such as a fire or flood.

• Look for a unit with climate control. Very high or low temperatures, as well as dampness can quickly cause damage to appliances and furniture. And make sure that rising ground water from snow or rain is unable to penetrate the storage.

• Consider a storage company that offers insurance. If your renters or homeowners insurance does not provide off-premises coverage, you may want to opt for one of the company’s coverage options. Keep in mind that any facility should also have its own insurance to cover damages to the property or injuries that occur on the premises.

• Check that the facility is clean and well-maintained. If a storage facility is not routinely and thoroughly cleaned, there is a good possibility no one is monitoring for bugs and rodent infestations. Verify that the facility has a permanent, reliable pest extermination contract in place before you trust them with your belongings.

http://www.iii.org

The post Self-Storage Facilities: Insurance and Safety Tips for Storing Your Stuff first appeared on Statewide Insurance Agency.

The post Oklahoma Home Insurance Claims Decrease in 2014 first appeared on Statewide Insurance Agency.

The post New Office of Statewide Insurance Agency first appeared on Statewide Insurance Agency.