Category: Home Insurance

As spring approaches here in the Oklahoma City, OK area, so does the threat of severe weather. From hurricanes to tornadoes, it is important to be prepared during any storm season. Taking the time to prepare your home for a storm can help decrease the risk of damage to both your property and your family. Here are some tips from us at Vance Insurance Group LLC to get you started on getting your house ready for a storm.

Tips to prepare your house for a storm

1. Inspect Your Roof:

Be sure to check that all shingles and flashing are in good condition before a storm hits. Even small holes can cause large amounts of damage if a storm blows through. Make sure gutters and downspouts are clear as well since clogged gutters can lead to water overflow or flooding around your home. 

2. Trim Trees and Shrubs:

Remove dead branches and limbs from trees near your home as they can cause serious damage if broken off during high winds. If possible, try to trim back tree limbs from around power lines, windows, porches, etc. This will help protect against debris flying into these areas during a storm.

3. Check Windows and Doors:

Make sure all windows and doors in your home are properly sealed with weatherstripping or caulking; even small cracks or gaps can allow rain and wind inside your home during a storm. Additionally, be sure to check garage doors for proper functioning before storms arrive in case you need quick access during an emergency evacuation situation. 

Reach Out To Us

These few steps may seem like basic safety precautions but doing them now will ensure you have peace of mind when severe weather arrives this spring! For more tips, call us at Vance Insurance Group LLC today. We proudly serve the Oklahoma City, OK area.

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.

Home insurance, in many ways, is pretty straightforward. It offers protection against a variety of perils that can endanger your home. If you are new to home insurance or have decided to read your policy, you may have discovered some terms you are not familiar with or need to have defined as they refer to home insurance. At Vance Insurance Group LLC in Oklahoma City, OK, we believe in providing our customers with a personalized insurance assessment. We aim to find the perfect policy to meet your needs. 

Personal property

In home insurance terms, personal property is all the things you own that are not part of your home’s physical building. It includes your clothing, electronics, and furniture. There are two terms you need to understand when it comes to replacing them: actual cash value and replacement cost.

• Actual cash value-with this type of coverage, the item to be replaced is replaced at its current value, taking age and depreciation into account when determining the value. 
• Replacement cost-with this type of coverage, the amount it would take to replace an item at current costs is how the value is determined. 

Deductible

The deductible is the amount you are required to pay out of pocket before your home insurance begins to pay. The amount is not per year. It is per claim. If you have more than one claim in a year, you will pay the deductible more than once. 

Endorsement/Rider

An endorsement and a rider are the same things. They are additional add-ons to your home policy that provide additional coverage. It may be an increase in the amount of coverage or for an item that would otherwise be an exclusion. 

Contact Vance Insurance Group LLC in Oklahoma City, OK for all your home insurance needs. 

 

Your first home is an investment that can increase your comfort, opportunities, and net worth. Part of getting the most out of your new residential property is having the right insurance coverage. Vance Insurance Group of Oklahoma City, OK provides customized home insurance policies for first-time homebuyers.

What Does Home Insurance Cover?

Homeowner’s insurance policies are designed to protect your financial interests. While each contract is different, there are some basic coverages you can expect from most policies.

• Liability coverage provides funds that pay for legal fees and court-ordered costs for events that happen on your property. This coverage also gives money to people who are hurt while visiting your property.
• Dwelling coverage gives you money to fix your home after it is damaged through a covered event. Talk to the agents at Vance Insurance Group, LLC for a detailed explanation of what your home insurance policy covers.
• Personal property protection ensures that you have enough cash to replace your clothing, collectibles, and other personal items after a covered event. Your agent can help you decide how much coverage you need to protect your high-value possessions.

A reliable home insurance policy protects your personal cash flow by providing funds for emergencies. For new home buyers, this is an integral part of ensuring that you can continue to live in your home, no matter what happens.

Do You Need Home Insurance?

While the state of Oklahoma does not require you to have an active home insurance policy, it isn’t a good idea to go without one. One emergency could clear out your savings and leave you struggling to maintain your quality of life.

There are many ways to customize your policy to fit your lifestyle, property, and personal circumstances. Let the expert agents at Vance Insurance Group, LLC guide you to the perfect home insurance plan for your Oklahoma City, OK residence.