Having home and auto insurance is important for protecting yourself financially from certain risks. These insurance policies offer several different kinds of coverage in each policy, and one of these types is liability insurance. When you need more liability coverage than you already have, you need umbrella insurance. To get started, call us today at Vance Insurance Group LLC in Oklahoma City, OK.
How Umbrella Insurance Works
More Liability Coverage
Your home and auto insurance policies each have liability insurance, but it often isn’t enough. When you have these policies and want to increase the amount of coverage you have, adding more liability coverage directly to your policies can be very expensive. Instead of doing it that way, you can get an umbrella policy. This insurance adds more liability coverage to your home and auto policies. It gives you that extra blanket of protection, and it does it without the high cost of adding right to your other policies.
Paying the Overage
When an accident happens with your vehicle or on your property, you can be held liable for the expenses that are due such as lost wages, medical bills, etc. After the accident, your home or auto insurance, whichever is applicable, steps in to pay for those expenses. The policy can only pay as much as the maximum coverage amount. However, this can leave an overage after the policy has maxed out. That’s where an umbrella policy steps in. It pays for those overages, and it has an extremely high maximum payout. Having umbrella insurance can save you from enormous bills that you may owe after an accident.
Get More Coverage
Many people don’t have enough liability coverage, and it can cost them a lot of money in overages. Protect yourself against this by calling us at Vance Insurance Group LLC in Oklahoma City, OK.
Anyone living in the Oklahoma City, OK area is going to have a lot of insurance needs. A type of coverage all people should take seriously and consider getting is life insurance. Vance Insurance Group LLC offers a few reasons to obtain this type of coverage.
Why do you need life insurance in Oklahoma?
Provide Support for Dependents
A reason that you may need to have a life insurance plan is so you can provide support for your dependents. When you have dependents that rely on your income and financial assets, you will want to ensure they have support if you were to pass away. With life insurance, you can build a personalized plan that will offer this protection and give you peace of mind.
While many people get life insurance for financial protection, it can also be a good way to invest. With a whole life insurance plan, some of your payments on a monthly basis will build in an account. Eventually, you can choose to close the account and use the proceeds for any reason you want. This can help to make it a good addition to any personal financial and investment plan.
As you are looking for a way to provide support with life insurance in the Oklahoma City, OK area, you will find there are a lot of decisions to make. One way you can select a quality plan is by calling the professionals from Vance Insurance Group LLC. Our team understands the value of this coverage and can help you build a plan that will ensure you remain fully covered.
If you have recently bought a vehicle, you may be overwhelmed by the process of buying automobile insurance. There are so many different types of insurance that you can consider. Even worse, each plan is different. Vance Insurance Group LLC in Oklahoma City, OK offers the following guide to help you choose the right insurance for you and your family:
Types of Auto Insurance
Liability insurance is required in almost every state. This will protect you by paying the other party’s expenses in the accident. It will cover their vehicle and medical expenses. It will also cover your legal fees if you get sued.
Uninsured and underinsured motorist insurance will protect you if you are in an accident with someone who doesn’t have insurance (or doesn’t have enough). It will cover damage to your vehicle and your medical bills. This may be required in your state.
Collision insurance will pay to fix or replace your car if you are in an accident, regardless of whose fault the accident was. If you have a loan on your vehicle, you may be required to have collision insurance.
Comprehensive insurance will cover damage that occurs to your vehicle that isn’t accident-related. This may include fire, theft, and vandalism. Your loan may also require comprehensive insurance in order to protect your investment.
Depending on your state, you may also be required to have personal injury protection and/or medical payments. Both of these, to a degree, are used to pay for your medical expenses after you have been involved in an accident.
In order to protect yourself, you should talk to a professional. Don’t hesitate to contact us today at Vance Insurance Group LLC in Oklahoma City, OK.
Vance Insurance Group LLC is an independent insurance agency. We work with multiple carriers throughout Oklahoma City, OK. We are committed to helping our clients find the coverage they need to protect their assets. We treat our customers like family. Developing these personal relationships allows us to provide custom policies.
Commercial Insurance Mistakes To Avoid
Operating a business is complex. You have to deal with a lot of responsibilities on a day-to-day basis. Commercial insurance is designed to alleviate some stress associated with operating a business. The policy covers any damage to your products and equipment. This includes any situations where you are a victim of theft. Commercial insurance also protects your business in liability situations. Perhaps one of your customers slips and falls in the parking lot of your Oklahoma City, OK property. Liability coverage will assist with the injured party’s medical treatment. Liability coverage also protects you if a customer alleges that your products caused them harm. Workers’ compensation protects you if one of your employees is injured in the workplace or there are potential workplace allegations. While looking over your policy, avoid these common commercial insurance mistakes.
Commercial Insurance Automatically Covers Remote Work
This is incorrect. Commercial insurance will not automatically cover any damages or other potential issues if you work from home on occasion. You’ll have to amend your policy to remain covered.
Small Businesses Don’t Need A Lot Of Coverage.
This is a common error that many small businesses make. You may assume that you don’t need a lot of coverage because your business doesn’t have a lot of assets. Imagine how difficult things would be if a natural disaster totaled your business and didn’t have the necessary coverage. You could lose everything. That’s why obtaining commercial insurance is critical to your long-term success.
Vance Insurance Group LLC Will Help You Protect Your Investment
Contact our office to learn more information about commercial insurance.
Home insurance in Oklahoma City, OK is one of the broadest types of coverage available. Generally, it covers the interior and exterior of your home as well as the contents. Home insurance protects you and your family if someone else is injured on your property. However, most homeowners do not understand the details of their policy, how to obtain coverage, or how much coverage they need.
Do I Really Need Insurance for My Home?
The answer to this question is a resounding yes. Home insurance provides you with a layer of protection if your home is damaged due to several different circumstances. It will also cover the cost of any legal fees or settlements that result from someone being injured while on your property. Without proper home insurance in place in Oklahoma City, OK, you stand to lose everything when disaster strikes.
How Much Home Insurance Do I Need?
This is another question that we are often asked at Vance Insurance Group LLC. First of all, you will need to purchase enough coverage to pay the cost to replace your home.
There are three steps to calculating the replacement cost of your home to make certain that you have the right amount of coverage. Start with the square footage of your home and multiply it by local construction costs. There are several free calculators online that will help you determine an estimate that includes square footage and building materials to provide you with a good estimate. Finally, you can ask a professional to provide you with an estimate.
An expert insurance agent at Vance Insurance Group LLC knows the area and can help you calculate an estimate of the replacement cost of your home to ensure you have the right amount of coverage included in your home insurance policy. If you have more questions about home insurance, give us a call.
Owning a classic car is more than just a hobby. It’s a passion. It requires time and effort to keep these beauties in pristine condition. Also, it requires more investment. Classic car coverage is one such investment you shouldn’t cut corners on. Vance Insurance Group LLC in Oklahoma City, OK understands the value of classic cars and provides classic car coverage that is specifically made for classic cars.
What makes classic car coverage different than other auto insurance coverage? In this post, we’re going to share with you the classic car coverage difference.
Regular Auto Insurance
First of all, just like regular auto insurance, classic car coverage provides the standard automobile coverage like:
- Collision insurance
- Comprehensive insurance
- Bodily injury liability
- Property damage liability
- Uninsured/ underinsured motorist
As you can see, with a classic car policy, you still get the same types of coverage as typical auto insurance. The difference lies in the amount of coverage and other specific details.
The Classic Car Coverage Difference
Since classic cars cost more than the average everyday use vehicle, the coverage of a standard policy may not be enough coverage. Therefore, classic car coverage offers more protection.
Here’s how classic car coverage differs:
- Agreed value- Locking in the value of your classic car at the time of policy purchase
- Tiered mileage plans- Saving by limiting mileage
- Spare parts coverage-Backup parts are hard to come by
Classic Cars Need Classic Car Coverage
As you can see, your classic car needs a specific type of coverage not provided by a standard auto insurance policy. Classic car coverage makes protecting the investment you’ve made in your classic car possible.
Contact Vance Insurance Group LLC in Oklahoma City, OK to find out more about classic car coverage.
Recreational insurance isn’t always taken seriously by RV owners. That’s unfortunate because it can provide you with the protection you need for your summer fun. Here’s what we at Vance Insurance Group LLC tell Oklahoma City, OK, residents on the fence about this insurance type.
Keep Your RVs Running
When you’re having summer fun, and you’re out on the road in your RV, you want to avoid getting stopped for any reason. For example, if your vehicle breaks down in the middle of your trip, you might spend the majority of it paying for repairs. Thankfully, you can avoid this problem by getting insurance that covers your repairs with relative ease.
Avoid Liability Problems
There’s nothing worse for your summer vacation than ending up in a bad lawsuit because you got in a crash or somebody visiting your campsite got hurt in your RV. Thankfully, your recreational insurance can protect you by providing coverage for these types of liability issues.
Protect Your Family
Did you know that your recreational insurance can also provide medical protection payments for your family if they get injured in your RV? For example, if you get hit by a vehicle while driving or if bad weather pushes your RV over and causes damage, you can pay for their medical treatment and avoid serious long-term health issues at the same time.
Keeping Your Summer Safe
By getting the best recreational insurance for your needs, you minimize the dangers of summer problems impacting your fun. So please don’t hesitate to contact us at Vance Insurance Group LLC near Oklahoma City, OK, to get the help that you need managing these issues properly.
Renters insurance is often overlooked. Many people do not think that they need renters insurance, often because they do not realize the many benefits of these policies. Even if your landlord does not tell you that you need to have renters insurance, there are plenty of reasons to consider getting a policy of your own.
So, do you need to get renters insurance even if your property owner does not require it? Vance Insurance Group LLC serving Oklahoma City, OK can help answer that question.
Your Belongings Are Worth Protecting
The first reason you should consider getting a renters policy is to protect the items you own. You might not think that you own a lot of things, but your policy can still cover your electronics, including your television and laptop.
Your Landlord’s Insurance Won’t Cover You
Next, you need to know that your landlord’s homeowner’s insurance policy will not cover your belongings if something happens to the home you live in. Your coverage covers your belongings, hotel stays, and other expenses you might need when something happens to your home.
You Can’t Plan for a Disaster
No matter how much you plan, you cannot always plan ahead for a disaster. You don’t always know what kind of damage is going to happen or how long you will be unable to stay in your home. This means you need protection before something terrible happens to your home.
Get Renters Insurance Today
Vance Insurance Group LLC, which provides service to the people of Oklahoma City, OK, can help you understand your needs as a renter. Contact our office today to learn more about your policy options.
Motorhome insurance is an investment when it comes to protecting one of your valuable assets. A motorhome straddles the fence between being a vehicle and being a home for insurance purposes, so it makes sense that you may have some questions. Vance Insurance Group LLC serving Oklahoma City, OK is here to answer any queries you might have.
Is Auto Insurance Enough?
The most straightforward answer is no, it is not. While a motorhome is a vehicle in that it transports you from place to place, it is also a home. Therefore, it requires additional insurance that isn’t covered by a standard auto policy. Liability is one such insurance. Contents and property insurance is another.
What About RV Insurance?
RV or recreational vehicle insurance is an option when it comes to getting motorhome insurance. A motorhome is considered a type of recreational vehicle. It is an excellent possibility if you travel a lot in your motorhome, and even if you don’t, it may be more suitable than standard auto insurance.
What About Liability Insurance?
Liability insurance is a crucial aspect of any insurance policy. Make sure that you have enough liability coverage for vehicular accidents and incidents, and liability insurance that is more suitable for a home. Guests who visit you in your motorhome are not passengers, making additional liability insurance necessary to provide financial protection if something goes wrong.
When your vehicle and your home are the same, it is vital to ensure that you are adequately covered from an insurance perspective. Oklahoma City, OK has unpredictable weather, and any severe damage could leave you without transport and a place to live. Speak to the knowledgeable folks at Vance Insurance Group LLC about your options today!
Each type of RV is unique. Your insurance should be just as specialized.
Whether you want to tour the country in luxury, 45-foot motorhome or pull a fifth wheel through the mountains, you have decisions to make when it comes to selecting an RV that’s right for you and your family. When it comes to insurance, you have just as many choices.
There are a wide range of policies to cover any type of vacationer and their vehicle. Although each plan is customizable through optional coverage, most RV insurance policies can be broken down into three categories.
Serving Oklahoma City, OK, Vance Insurance Group LLC looks at each of these types of coverage.
Motorhomes typically share most of the same insurance requirements as other vehicles on the road. This includes both collision and comprehensive coverage. If damage does occur, liability and medical policies kick in when you are found to be at fault. At minimum, look for an RV insurance policy that includes all of these.
Trailer & Fifth Wheels
There are plans created just for the fifth wheel or travel trailers. Because these are pulled from behind and are not motorized, most on-the-road issues are covered by your towing vehicle‘s insurance.
This type of insurance covers anyone who resides in their RV full-time. For this reason, these policies typically cover items that you may also find in a homeowners or renters policy. Personal protection repays for any belongings if they are destroyed or stolen. Loss of use offers reimbursement if you are forced to temporarily relocate.
Contact Vance Insurance Group LLC today
Serving Oklahoma City, OK, this agency can help you determine what type of RV insurance you need. Their professional agents will create a personalized plan to protect you on the road.