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.