Archive for Edmond home insurance quotes

Oklahoman’s Lower Home Insurance Cost by Avoiding Burglaries

1. Keep outside vegetation maintained discourage-break-ins-455446049
A house with overgrown trees, bushes and other vegetation are much more appealing to a would-be burglar – it gives off the impression of a home that’s possibly empty. Plus, large tree branches and high shrubs could block the windows and doors, and keep neighbors or passers-by from seeing inside your home when a burglar is inside. It’s a good idea to trim all greenery on a regular basis, especially the ones in your front yard.

2. Keep trash from expensive purchases in your garage
It’s easy for anyone to check out just what’s inside your garbage can. Boxes from televisions or computers give a burglar a good idea of just what they kind find inside your home. Keep boxes and wrappings from expensive purchases inside your garage until you can dispose of them at another place.

3. Install a quality home-security system – and make sure everyone knows it
Most home security companies will place a sign in your front yard after they’ve installed your new system. This is more than just company branding; it’s another way to thwart would-be burglars. Make sure you are familiar with activating and deactivating your alarm system.

4. Embrace the deadbolt
It may cost you a little extra to install a deadbolt on your exterior doors, but the added level of security can be invaluable in the case of a burglar trying a smash-and-grab entry.

5. Be smart

Most police officers will tell you that burglaries manifest due to opportunity – an unlocked car, a house with a window open, a front door ajar, etc. Use common sense and lock all windows and doors on your home, and keep your valuables out of eye sight. If you have one room with more valuables than another, close the blinds on that window. If your garage holds expensive tools or other items, close the garage door when you’re not using them. Common sense will prevent many burglaries.

Statewide Insurance Agency is an Independent Insurance Agency in Edmond, OK offering free home insurance quotes and free automobile insurance quotes.  

We shop up to 10 companies to find the right one for you!  

Oklahoma City Homeowner Insurance Quotes

The Internet has made it so easy for consumers in Oklahoma City and Edmond to get home insurance quotes in the middle of the night it almost seems like a dream come true to busy working professionals. But getting quotes online and comparing homeowner insurance policies with online systems isn’t the best option for gathering the most competitive prices and policy options.

Online quotes give very little information: When you get price quotes online, you don’t have the benefit of reading the policy documents or even asking questions about the underlying policy specifics. All you get is a number with some vague information about limits and deductibles. Exclusions to covered incidents and other caveats are not easily visible and therefore cannot be appropriately evaluated against each other.

No human ingenuity: Developing an effective insurance portfolio is an art. It takes an experienced agent to suss out all the possibilities for discounts that your lifestyle presents. Computers are great for solving linear problems and delivering static answers to dynamic questions, but your financial situation and risk assessment needs are much more sophisticated than a computer can actually handle. When you have an insurance agent working with you, human ingenuity steps up to the plate to ask the appropriate questions and analyze the situation in order to help you develop the coverages you need and combine them with hidden opportunities for discounts.

Answers, not solutions: If you have questions during the process of shopping for Oklahoma City home insurance quotes online then you can probably find answers, but if those questions lead you to realize that you have specific planning issues that need to be addressed, you will have hit a dead end. Only a live person can take your questions and handle them as they evolve into situations.

It can be a great idea to get online homeowners quotes when you initially start shopping for insurance products simply so you can learn about how the different products and options can affect price. But when it comes to making buying decisions, it’s always a good idea to have an experienced professional at your side rather than a cold hunk of synthetic materials.

Oklahoma City and Edmond as well as all of Oklahoma continue to trust Statewide Insurance Agency for their home insurance needs as well as their auto insurance needs.

Homeowners Insurance: "Am I Covered?"

Oklahoma homeowners often ask the question, “what does this home insurance cover?”  Coverage’s can vary a lot from one policy to another.  However, there are some things that are consistently limited or not covered at all in home policies.  Therefore, sometimes I’ll answer the question by telling my customers about these limitations.  Here are some of my top examples of things that are not covered or that have limited coverage under homeowners insurance policies in Oklahoma City, Edmond and the entire state of Oklahoma….. Rising Flood Water: Surface water and rising flood water damage is the # 1 uninsured loss in Oklahoma and the United States.  Most flood victims will tell you that they thought their home was in an area that was high enough that it would not flood. Many Oklahoma home policies do cover damage that results from a sudden rupture of water from your plumbing system or air conditioning system. Shifting Soil: Much of the soil type in Oklahoma is clay.  It expands with moisture and contracts as it dries out.  Hot and dry Oklahoma summers can result in shifts in your foundation that crack slabs and crack walls.  This type of damage is not covered by any home policy, as far as I know. Jewelry: Oklahoma home insurance policies limit coverage for theft of jewelry.  Furthermore, mysterious disappearance or a stone falling out of a setting is not usually covered unless special endorsements are purchased.  Most of your jewelry needs can be met by purchasing extra jewelry coverage.  Jewelry is usually covered up to your Personal Property policy limit in a fire loss or a tornado loss. Tools and Other Property Used In Your Business: Coverage is very limited under most policies.  You are expected to have a separate business insurance policy for these items. Sewer Back Up: This coverage is oftentimes available by endorsement.  Some companies interpret this exclusion to mean back up of a city’s main sewer line and distinguish this from an “overflow” due to a problem within your plumbing system.  I do represent one company, Safeco, that provides significant coverage for sewer back up without an extra charge. Motorized Land Vehicles: Be very careful here.  You’ll usually need a separate policy for motorcycles, dirt bikes, ATV’s, boats, trailers, etc.  However, you may be able to get coverage for a motorized wheel chair and a riding lawn mower.  You might get some coverage for a tractor if it is used “exclusively” to maintain the premises. Business Liability: Liability which arises from your business activities is almost always excluded.  Certain professions such as teachers and sales people might be able to purchase it with endorsement if you are an “employee” of someone else and not “self-employed”. Mechanical Breakdown of Appliances: This is not usually covered but is now being offered by endorsement by a growing list of companies. Damage Caused By Insects and Animals: Not Covered:  This would include damage caused by termites, dogs, squirrels, etc. This is not intended to be a comprehensive list of Oklahoma home insurance coverages, limitations and exclusions.  It is my intent to help you educate yourself so you’ll be able to shop more effectively by asking the right questions.   Von Nix, CPCU Statewide Insurance Agency https://okstatewide.com            

Renters Insurance – Cheap Oklahoma Quotes

The Importance of Renters Insurance

If you live in a rental home or apartment, chances are you don’t have the proper insurance. Despite the fact that rented homes are more likely to be burglarized than owner-occupied properties, nearly 60 percent of renters don’t have a renters policy.

Why does it matter?

“If you rent a house or apartment and think that your landlord is financially responsible when there is a fire, theft or other catastrophe—think again,” warns the Insurance Information Institute*. “Your landlord may have insurance to protect the building you are living in. But your landlord’s policy won’t replace your personal possessions or pay for your living expenses while the building is being repaired. The only way to protect yourself financially against disasters is to buy a renters insurance policy.”

Renters insurance covers your possessions, liability and additional living expenses. Let’s take a look at these three types of protection:

Possessions

Standard renters insurance protects your personal belongings against damage from fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters listed in the policy. Floods and earthquakes are not covered.

To decide how much insurance to buy, you need to know the value of all your personal possessions—including furniture, clothing, electronics, appliances, kitchen utensils and even towels and bedding. The easiest way to figure this out is to create a home inventory, a detailed list of all of your personal possessions and their estimated value.

There are two types of renters insurance policies for your possessions:

Actual Cash Value pays to replace your possessions minus an amount for depreciation (the reduction in the value of items due to age and use) up to the limit of your policy.

  • Replacement Cost pays the full cost of replacing your possessions (with no deduction for depreciation), up to the limit of your policy. The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage, but can be well worth the additional cost.

Note that a standard renters policy offers only limited coverage for items such as jewelry, silver, furs, etc. If you own property that exceeds these limits, it is recommended that you supplement your policy with a floater. A floater is a separate policy that provides additional insurance for your valuables and covers them for perils not included in your policy such as accidental loss.

Liability

Standard renters insurance policies also provide liability protection in the event you or members of your familiar cause injury to others or damage their property.  It also pays for damage your pets cause.

If you are sued, the liability portion of a renters policy may pay for both the cost of defending you in court and for court awards, up to the limit of the policy. Liability limits generally start at about $100,000. Your policy may also provide No-Fault Medical coverage. If visitors are injured in your home, regardless of fault, you can submit their medical bills directly to your insurance company. You can generally get $1,000 to $5,000 worth of this coverage. It does not however, pay medical bills for your own family or your pets.

Additional Living Expenses

Many people are pleasantly surprised to learn that Additional Living Expense (ALE) coverage is typically included in a renters insurance policy. If the home or apartment you are renting is damaged or destroyed and you need to live elsewhere while it is being repaired or rebuilt, renters insurance will cover your additional living expenses—namely the difference between your regular living expenses and the additional costs incurred by having to live away from your home, such as hotel bills, temporary rentals, restaurant meals, etc.

Need help deciding what coverage is best for you? Contact Statewide Insurance Agency today. https://okstatewide.com

*Insurance Information Institute, September 30, 2009

Edmond Home Insurance

Last week I was working with a new potential client here in Edmond.   I asked him about the prior home insurance claims that he had filed in the last few years.  He began to tell me about a very unfortunate situation where he sustained major water damage only to find out later that water damage claims are not covered under his policy.

Sudden ruptures of water are covered under most property policies but not all.  When you are shopping and getting home insurance quotes, make sure you ask about coverage for water damage.

 

Know Your Roof Coverage – Oklahoma

Oklahomans and their insurance companies continue to battle very heavy wind and hail damage over the last 5 years.  As rates have increased, consumers, many of which have been very loyal to their insurance companies, have decided it’s time to “shop around”.

Consumers can save money by taking the time to ask more questions about the coverage being offered on their roof surface in light of the fact that the vast majority of claims filed in Oklahoma are for wind or hail damage to roof surfaces.

Simply put, there are two ways that a roof surface claim can be paid by your insurance company.  One is known as “Replacement” and the other is known as “Actual Cash Value” (ACV).  Under Replacement, it is possible to recover the full cost of replacing your roof, less whatever deductible that you have.  Under ACV, the insurance company takes a deduction from your settlement in addition to your deductible.  This deduction is called “depreciation”.  The amount of depreciation taken is based upon how old your roof is compared to the average life of your roof.  For example, if the average life of your roof is 20 years and your roof is now 10 years old, the deduction for depreciation is 10/20, or 1/2 (50%).  Therefore, if the cost to replace the roof is $15,000, you will have a $7500 deduction (50% of $15,000) for depreciation in addition to the deduction you have for your deductible.  So, at the end of the day, you end up receiving $6000 or so on your $15,000 claim and the family vacation is on hold.  Suddenly that great home insurance deal you got two years ago isn’t looking so great.  When shopping for Oklahoma home insurance, here are some of the questions you should ask the agent………

1. Are you proposing Replacement or ACV coverage on my roof surface?
2. Is the approval of this coverage subject to an inspection?
3. Does the company change the coverage from Replacement to ACV after my roof reaches a certain age?
4. Do wind and hail claims have a separate deductible than other claims?

Von Nix, CPCU

Von, and his wife Cheryl own Statewide Insurance Agency in Edmond, Oklahoma.  Statewide is an independent insurance agency specializing in home, auto, mobile home and other personal insurance products.  They can be contacted by going to their web site, www.okstatewide.com.