Archive for Water damage

Some Oklahoma homeowners don’t have a personal home insurance agent and some homeowners aren’t always comfortable asking their current agent about some of the tougher, more sensitive issues.

In an attempt to “give back” a small amount of the huge support that Oklahoman’s have shown me the last 30 years, I am starting “Ask An Oklahoma Home Insurance Agent”.  This will be a free service offered to all Oklahoma homeowners and I will not try to sell you a new home insurance policy.   I will answer your home insurance questions, to the best of my ability, on issues like…

1.  Home insurance coverages

2.  Claims processes

3.  Rating Factors

4.  Availability of Coverage

5.  Prior home insurance claims issues

6.  Discounts/ways to save money on home insurance

7.  Property inspections

8.  Rebuilding issues and

9.  Underwriting Guidelines

There are 2 ways to ask your question:  Email me at von@okstatewide.com or call me at 405-285-2929.  If you call, tell whoever answers that you have a home insurance question for Von.

 

 

Homeowners Insurance Coverage Retaining Wall

It’s not unusual for homeowners to spend thousands of dollars erecting a retaining wall.  Most quality homeowner insurance policies are worded consistently on this issue.  A retaining wall is considered a Detached Structure and the maximum amount of coverage is usually 10% of your Dwelling Coverage limit.  The retaining wall is usually covered for damage caused by Fire, Lightning, Wind (including tornado), damage caused by vehicles and a few other types of perils.  HOWEVER, most of the damage that I have seen arises from retaining walls falling due to saturated soil.  This usually happens when we have experienced an extremely wet period lasting 3 or more days.  This falls under the Earth Movement policy exclusions and is not covered.

Preventing Water Damage

Water damage claims are one of the most common losses that Oklahoma homeowners face.  Safeco Insurance has written some good tips on ways to prevent and/or minimize your water damage loss. http://www.safeco.com/homeowners-insurance/do-more/water-detection-gadgets-and-devices#hoses