Factors to Consider When Shopping For Home Insurance

Your home is one of the most valuable assets you own that’s an investment and also a shelter for you and your family. While there’s little you can do to prevent certain disasters, especially natural disasters, from destroying/damaging your home, you can have home insurance with Freeland Insurance to help you recover fast in case of a disaster. However, simply choosing a policy doesn’t mean your home is completely secured. It important to consider if the policy you are buying will completely secure your Oklahoma City, OK home, otherwise, you may lose when certain unknown risks crop up. Some of the factors to keep in mind when shopping for home insurance include:

Contents of Your Home

Do an inventory and correctly estimate the value of your home contents to help you determine how much coverage you want for them. Ensure that you have full coverage for high-value items such as high-end electronics, fine art, special pieces of jewelry, sports equipment, etc.

Additional Endorsements

Find out what additional coverage options your insurance provider offers to fill in all the gaps in coverage and dive into maximum protection. For instance, personal property replacement cost, jewelry, earthquake, flood endorsements, and much more.

Terms and Conditions

Go through the policy document, especially the terms and conditions you’ve agreed to and ensure any existing errors, including spelling mistakes, are rectified as soon as possible. Never assume that it only contains the inclusions and exclusions communicated to you by the agent

Compare Insurance before Purchasing

Home insurance isn’t a one-size-fits-all policy. Different insurance providers offer different coverage options as well as different terms and conditions. Therefore, consider shopping around and comparing insurance policies before settling for one.

At Freeland Insurance, we provide affordable and reliable home insurance policies to the residents of Oklahoma City, OK and its environs. Our agents will help you determine what coverage options you need to secure your home completely. For more information, contact us today.

Home insurance surprises

Freeland Insurance serving Oklahoma City, OK  works hard to make sure that you have all your insurance needs.  But you need to make sure with your insurance agent that everything you need is covered.

Things your homeowner’s insurance might not cover

It’s always best to ask your insurance agent what you might need.

Sewer backup: If a sewer backs up into a home, it can do some serious damage to floors, walls, furniture and electrical systems — and it’s typically not covered by a standard policy.

Floods: Frankly, flood insurance is a different insurance.   Make sure, if this is an issue, that you include it in your policy.

Sinkholes: Most home insurance policies will not cover damage associated with ‘earth movement,’ such as an earthquake or sinkhole.

Mold: Depending on your insurance this may or may not be covered.  Sometimes, it’s pricey, but depending on where you live this is something you might want to add. With a leak or flooding, get rid of the water asap, so mold doesn’t grow.

Construction work damage: If you are renovating your home it probably isn’t covered by your policy, a rider might be added.   If you have a contractor, it would fall under their liability insurance.   Make sure they are covered.

Jewelry, antiques, and fine art: Most standard policies have limits for other expensive collectibles. The best way to protect these items is to get a separate insurance rider that specifies exactly what these items are.

Earthquakes: Earthquake damage is not included in standard policies.

Stolen/destroyed cash: It’s difficult to convince the insurance company that you had thousands of dollars stashed away in your home when it was destroyed. So keep it in a safe place or keep minimal cash on hand.

 

Hosting Guests for the Summer? Make Sure You Have Adequate Insurance Coverage

As a homeowner, you’re responsible for the health and welfare of visitors on your property. For this reason, it’s wise to review your home insurance coverage before hosting guests for the summer. With adequate liability insurance coverage from Freeland Insurance, Oklahoma City, OK, you can protect yourself against any eventuality that may arise. Here are a few ways liability insurance can protect your interests.

Accidents

Liability insurance covers medical expenses for accidents your guests may have while on your property. Poor lighting, an uneven walkway or clutter on your stairs could cause a guest to trip and fall, making you liable for injuries that may result. Liability coverage protects you from having to pay medical bills out of pocket.

Food

When guests visit your home, you are responsible for health issues that may arise due to meals served on your property. Keeping menus simple and using fresh and healthy ingredients could help prevent health problems. You should also be aware of any food allergies your guests may have to avoid unnecessary trips to the hospital. Although you’re protected by liability coverage, you should do what you can to avoid a food-related liability claim.  

Alcohol

If you’re hosting a party, encourage guests to drink responsibly as you could be liable for their actions if they overdrink at your event. Serving alcohol to minors (those under 21 years of age) could result in legal action against you. If you’re not sure if your insurance covers liability for serving alcohol, talk to your Freeland Insurance agent. Your policy may have an alcohol exclusion you’re unaware of.

Home insurance protection from Freeland Insurance, Oklahoma City, OK, takes the worry out of hosting summer events so you can enjoy the company of family and friends to the full. 

What Home Insurance Companies Don’t Tell You

Home insurance companies don’t always tell you everything you need to know. If this means that as you look for home insurance in Oklahoma City, OK, you need to do your due diligence. It will allow you to get the insurance policy that will give you peace of mind throughout the year.

Basic Policies Don’t Include Everything

Every home insurance policy will cover protection to the home, your belongings, and liability. However, a basic policy may not cover the full extent of your belongings, such as if you have expensive artwork or art collector of something. At FM Insurance, our insurance agents will take the time to learn more about you and your home in order to build a more customized policy so that it does include everything needed to provide financial protection.

Not All Claims are Accepted

When you file a claim with the insurance company, is not automatically accepted. Often, research will be done in order to determine whether everything happened the way you said it happen or it additionally, if you don’t have the coverage within your policy, you would be financially responsible for everything.

Deductibles Vary

Just as with every other type of insurance, you will have to pay a deductible before the insurance company pays anything. Deductibles can vary from policy to policy. This is why it’s important to know what yours is so that if you need to file a claim, you know how much you will have to pay out-of-pocket.

There are plenty of things you should ask when you are seeking home insurance in Oklahoma City, OK. The more you know, the easier it will be to develop a better home insurance policy. If insurance companies aren’t disclosing everything, it is within your right to ask questions and learn more about what is being offered to you. Contact FM Insurance today to learn more about home insurance policies.

 

 

Home Renovations and Insurance Coverage

Planning for an Oklahoma City, OK home renovation comes with a number of permit applications, tasks, reminders, and resources to arrange to make sure everything falls into place per plan. However, one that many people tend to forget is the simple task of checking the coverage on their homeowner’s insurance before making any big renovations. And when something goes wrong, the lack of coverage becomes apparent after the fact.

Homeowner’s insurance in Oklahoma City, OK doesn’t automatically adjust just because a change is made to a home. It is not designed to be an automatic, umbrella-type insurance protection. Instead, homes are evaluated and insured based on their current condition. However, because many homes fall into similar categories of use and risk, the initial evaluation process often seems to come across as automatic to the homeowner.

Big changes that need to be checked ahead of time include the installation of a backyard pool, replacing the house roofing system, changing a room to be a business office with significant structural changes like a business entrance door, or building out a room by removing walls or putting in an expansion. The other big component player involves kitchen and bathroom system replacements as they frequently involve putting in gas and power appliances and changing the plumbing which can all be source of damage when not installed properly.

It’s also important to notify one’s policy provider because doing so can trigger big savings, according to FM Insurance. For instance, a new roof can produce a 10 to 20 percent reduction in insurance costs because the external protection has been upgraded with a new, long life barrier.

When notifying, it’s not enough to just call up and say a renovation is occurring. Photos and documentation are frequently necessary to update a policy correctly. To go over the process and know exactly what is needed for a home upgrade, contact FM Insurance for more information.

What Home Insurance Covers

Homeowner’s insurance, like all other kinds of insurance including FM insurance, is part of a heavily regulated industry with many rules to follow and standards to uphold. Because of this, sometimes it is difficult to figure out exactly what is covered by your home insurance policy. Home insurance covers damage due to certain events, typically including fire, theft, burglary, and vandalism.

Additionally, this insurance covers both your home itself and the belongings inside it. In some rarer cases, specific outlying structures are also covered by the homeowner’s insurance policy. However, as this is the exception and not the rule, it is not necessary to discuss those insurance policies that protect outlying structures in greater detail.

So, what happens in the event of a covered disaster? In this case, the insurance company will take care of paying for the repairs of your home and the replacement of your belongings up to a certain amount. Your deductible is subtracted from this amount. If the disaster or event is uncovered, then the homeowner is fully responsible for the financial burden. In Oklahoma, most homeowners cannot afford to pay to repair their home and replace their belongings themselves. Therefore, FM  Insurance offers affordable policies and quotes for a wide variety of insurance companies in the state of Oklahoma.

With this in mind, you might be wondering whether or not you can afford a homeowner’s insurance policy to protect your home and belongings. FM Insurance has an excellent variety of homeowner’s insurance policies, differing in the level of coverage, cost, and the required deductibles. They have agents serving Oklahoma City OK that can assist you in finding the correct policy for your home.

Whether your home is cheaper and you want a less expensive policy or if your home is more expensive and you need a more substantial policy, they will help you find it. Their agents serving Oklahoma City are capable and eager to work with you so that your home and belongings are protected by an appropriate and affordable policy.

 

What to Consider When Comparing Home Insurance Quotes

Choosing home insurance is an often daunting task, and one that comes with a lot of questions. One way that people typically try to simplify the process is to focus solely on the price. Here are 3 reasons why that might not be the best strategy. 

1. Pay Now or Pay Later 

An unfortunate fact of life, but a lesson that you shouldn’t have to learn the hard way. The amount of money you spend on insurance can pale in comparison to the financial ramifications of a disaster happening to your property. Whether it’s a flood or a guest tripping over their shoelaces and blaming it on the linoleum, there are a lot of situations that may not be covered in the cheaper quotes. 

2. Will Help Be There?

Calling up your insurance company is never going to be a fun task, but some experiences can be better than others. Choosing a company that understands the importance of providing value in an emergency is of vital importance. When something horrible happens, you want someone you can turn to — a partner who will be able to direct and guide you to a better solution. 

3. How Much Do the Agents Know?

The companies who serve Oklahoma City, OK who have the best home insurance have the best people who can really answer questions at a deeper level. When you talk to a person who has done their job for many years, you can be sure that you’re getting advice that is custom-made for your situation. 

FM Insurance wants to know more about the specifics of your situation. We have staff serving Oklahoma City, OK to keep you feeling safe and secure in your own home. When you’re comparing quotes, there is so much more to consider than just how much it costs. The service and coverage you get is far more valuable. Give us a call for more information. 

 

Packing a Home for a Move the Smart Way

When facing a home move people realize quickly that their inventory has probably grown a lot bigger since their last move. And that can result in a daunting challenge of figuring how to pack everything up, especially if one has to move quickly due to work or to close out escrow in a home sale. So here’s a few tips on how to pack efficiently versus working to exhaustion.

Filtering out your belongings to what should be kept versus what should go to charity or be sold in a garage sale is a great way to reduce the move amount significantly. We all pile up lots of belongings that we really don’t have any plans to use regularly. And that takes up a lot of space otherwise. So a good spring cleaning and going through everything for what should be let go is always the first step in an efficient move. Not only does it reduce the load, it can also produce valuable charity tax deductions or even helpful cash.

Once filtered, the items that are to be packed should be organized for multiple purposes. Clothing often provides great packing material for protecting items that would otherwise need to be bubble-wrapped. Containers should also be a good size, durable, and squarish to maximize space. Odd-shaped containers or round storage loses space in vehicles. And every container should be labeled with a permanent marker (labels rip off to easily).

Finally, it doesn’t hurt to ask for help when packing and moving. A bit of elbow grease from friends and relatives can go a long way to making the packing process happen a lot faster.

FM Insurance is there to help and support Oklahoma City, OK residents. Home moves can be stressful, but good planning and smart thinking can avoid problems and make a move a lot easier.

Insure Your Belongings with Renters Insurance

Serving renters in Oklahoma City, FM Insurance helps tenants ensure that their belongings are properly insured. While personal property coverage is only one of several coverage options that a renters insurance policy may contain, it is one of the most important protections. Here’s why you should have a renters insurance policy that includes robust personal property coverage.

Insuring Your Belongings

Few people can afford to replace all of their belongings, which is why there’s renters insurance. Unless you’re independently wealthy, in which case you probably would own, not rent, a place, replacing all of your belongings would place a significant strain on your finances. Many people couldn’t afford to replace everything they have.

Renters insurance protects your belongings against a host of risks. If your possessions were damaged in a covered incident, a rental insurance policy’s personal property coverage would reimburse you for the loss. Depending on the type of coverage you have, you may be reimbursed for the depreciated value of your damaged items, or you might receive their replacement cost. Precisely how much a policy pays is determined by its terms and conditions.

Finding Renters Insurance

Even robust coverage doesn’t need to cost a fortune. By comparing policies with an independent insurance agent, you can see which insurer offers the most coverage and has the lowest premiums in Oklahoma.

If you have an apartment in Oklahoma City but don’t have renters insurance, contact one of our independent insurance agents. They can be reached through our website or by calling our agency. In just a few minutes, our renters insurance agents can help you begin looking at policies that will protect your belongings.

 

Oklahoma City Home Insurance

If you own a home and have a mortgage, you’re going to be required to have home insurance. If you’re buying a home in the immediate future, you’ll need to bring proof of home insurance with you when you close on your house. Most lenders will require coverage to permit the premises that they have an interest in to go uninsured. 

One of the basics of home insurance is to protect you from hazards like a fire, an explosion, or a storm. Take tornadoes for example. Oklahoma City sits in the middle of "tornado alley." It’s not unusual for us to see more than one tornado in a single day. Sure, your home insurance is likely to cover you in the event of damage or destruction from a tornado, but a standard home insurance policy will probably leave you paying out-of-pocket for repairs or replacement of a home and its contents. That could amount to tens of thousands of dollars. Insuring your home for its replacement value rather than its actual cash value should give you enough coverage to rebuild your home. We can arrange that for you along with special coverage for any particularly valuable personal property.

We’re independent insurance agents who live and work in and around Oklahoma City. Our families and businesses are established in our communities. We want to live here, but we recognize the risks too. Be prepared for them with sufficient home insurance. You can get an online quote, call us or just stop in. We’ll be happy to look at your existing policy. We’ll give you honest and objective answers and information. You might be surprised if you learn you’re not even covered for tornadoes. We’ll give you a wide range of options to choose from.