Common Questions About Home Insurance

Posted on February 7, 2022February 1, 2022 by admin

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.

The Classic Car Coverage Difference

Posted on January 24, 2022February 1, 2022 by admin

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 Can Protect Your Summer Fun

Posted on December 15, 2021December 15, 2021 by admin

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.

Should You Get Renters Insurance If It’s Not Required?

Posted on November 30, 2021November 30, 2021 by admin

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 FAQ

Posted on October 15, 2021October 12, 2021 by admin

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.

Take action!

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!

Types of RV insurance in Oklahoma City, OK

Posted on September 30, 2021October 12, 2021 by admin

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

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.

Full-timers

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.

Oklahoma Motorcycle Insurance Add-Ons Explained

Posted on August 16, 2021August 1, 2021 by admin

To drive a motorcycle in Oklahoma, the minimum requirements are liability coverages. That is to cover you in the event that you are in an accident, and someone else gets injured.

However, motorcycle riders in Oklahoma motorcycle insurance don’t have to leave it at that. That is just the minimum requirement. At Vance Insurance Group LLC, we want all Oklahoma City, OK motorcycle riders to feel as protected as possible when they are on the roads. We can help you to make sure that you have the add-ons to your motorcycle insurance that you need.

Medical Payments Coverage

This coverage is a kind of coverage that will cover medical expenses after a collision. This coverage will cover you and any other drivers or passengers injured in an accident. It will reimburse you for lost income, childcare, medical, and funeral expenses if necessary.

Collision Coverage

Whereas liability coverage covers others in the event of a collision, collision coverage in your motorcycle insurance policy will cover you. This will cover your property damage, and any medical needed.

Comprehensive Coverage

Comprehensive insurance is the insurance that will cover you in the event that a problem occurs that is not an accident. If you have fire, theft, or vandalism that leads to losses or damages with your motorcycle, comprehensive coverage will cover those losses.

Uninsured Motorist Coverage

When you have an accident, you may have an accident with an uninsured motorist. If they are liable for the accident and required to pay you, this coverage will protect you.

Towing/Rental Reimbursement/Travel/Roadside Assistance

In addition to these insurance coverages, there are a number of additional add-ons you can implement into your Oklahoma motorcycle insurance policy. These add-ons will give you more financial protection on the roads.

Get a Quote

When you are looking for Oklahoma motorcycle insurance, you want as much coverage as possible. At Vance Insurance Group LLC, we want Oklahoma City, OK motorcycle riders to have the coverage they need. Call us for a quote today.

How Does Boat Insurance Work?

Posted on July 28, 2021August 1, 2021 by admin

If you own a boat, there are a lot of things you have to do to take care of that boat. One of these is getting boat insurance for it. Boat policies are written for the specific boat in question and how it will be used. The policy often takes into consideration the specific body of water that the boat will be in, which type of boat it is and its age. You may be eligible for discounts based on how safe a boater you are. If you need a boat policy specifically tailored to your boat, contact us right away at Vance Insurance Group LLC in Oklahoma City, OK.

Boat Damage

One of the biggest threats to boats is sustaining damage in a wide variety of circumstances. It may be bad weather or choppy lakes that cause the damage, or it may be a collision with another boat. If your boat ends up being damaged in one of the circumstances included in your boat policy, your policy can pay for the repairs. This applies to the hull of the boat, but it also applies to specific parts of the boat. Boat repairs can be costly, and a boat replacement is especially so, making it vital to have this type of coverage for your boat.

Liability Costs

If your boat causes an accident, is involved in an accident or has struck a dock, pier, or boathouse, you will likely be held liable for all of the resulting repairs and medical costs. This can be extremely costly and difficult to pay on your own, especially with a serious accident. To keep your finances protected, there is liability coverage in your boat insurance policy.

Cover Your Boat

If you have a boat and don’t yet have a policy for it, contact us today at Vance Insurance Group LLC in Oklahoma City, OK.

Is it necessary to have umbrella insurance in Oklahoma City?

Posted on June 24, 2021June 24, 2021 by admin

Those that live in the Oklahoma City, OK area will always need to have proper personal insurance coverage. A form of insurance that people here need to have is umbrella insurance. When you have this type of coverage in place it can offer you additional personal liability insurance protection. There are many reasons why it is necessary to have this type of coverage here.

Coverage Protects Against More Risks

A reason that many will enjoy having umbrella coverage is that it can protect you against more risks. While you may have some liability protection through other insurance policies, it will not cover all situations that could arise. With an umbrella plan, the coverage is much wider and will protect against many more scenarios that could result in a claim. This can offer great protection and provide you with peace of mind.

Cover Major Claims

You will also want to have an umbrella plan to get protection against major claims. There is always going to be a risk that you could cause an accident that comes with significant damages that exceed the coverage that you have in your existing insurance plans. Fortunately, umbrella insurance can be used to cover the gap between the coverage you already have and the damages you are responsible for.

People that live in the Oklahoma City, OK area will want to ensure they have proper insurance protection at all times. As you are looking for an umbrella insurance plan in this part of the state, speaking with Vance Insurance Group LLC would be helpful. When speaking with the team at Vance Insurance Group LLC you can learn a lot about your different insurance options. This will ensure you choose a plan that provides the ideal coverage for your situation.

Do I Need Life Insurance If I am Single?

Posted on May 25, 2021May 24, 2021 by admin

Life insurance benefits for a married person are apparent: your children and spouse get financial protection when you die. But does that mean that if you are single, you don’t need life insurance? Does life insurance protect married persons only? The answer is no. Life insurance is broad and covers various categories of persons. According to Vance Insurance Group LLC of Oklahoma City, OK, while no kid or spouse depends on your income, you still need life insurance.

To cover your funeral expenses.

Yes, while you may not have dependents, you need life insurance to cover your funeral expenses. Even if you want a modest funeral, a funeral is always a costly affair. Without life insurance, your relatives or friends will have to foot the bill, putting them in a difficult financial position even as they mourn your demise.

To cover your debts

Do you have a loan with someone? Do your debts exceed your assets? If yes, you need life insurance to take care of your financial liabilities when you die. Without life insurance, your death may leave your loan partners and cosigners paying the loan.

Someone else is depending on your income.

Whereas you have no kids or spouse, someone else could be depending on your income. It could be your aging parents or a sibling. How will they cope financially when you die? Life insurance replaces your income to help those that depend on your income meet financial obligations.

To protect your business.

Life insurance doesn’t protect individuals only. It can protect your business. When in a business partnership, your partners depend on your financial contribution. Purchasing life insurance ensures that your death doesn’t interrupt the financial position of your business.

Buy life insurance today in Oklahoma City, OK

Are you shopping for life insurance to secure your financial interests? Please contact Vance Insurance Group LLC for affordable life insurance.

Insurance Blog

Vance Insurance Group, LLC

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Common Questions About Home Insurance

The Classic Car Coverage Difference

Regular Auto Insurance

The Classic Car Coverage Difference

Classic Cars Need Classic Car Coverage

Recreational Insurance Can Protect Your Summer Fun

Keep Your RVs Running

Avoid Liability Problems

Protect Your Family

Keeping Your Summer Safe

Should You Get Renters Insurance If It’s Not Required?

Your Belongings Are Worth Protecting

Your Landlord’s Insurance Won’t Cover You

You Can’t Plan for a Disaster

Get Renters Insurance Today

Motorhome Insurance FAQ

Is Auto Insurance Enough?

What About RV Insurance?

What About Liability Insurance?

Take action!

Types of RV insurance in Oklahoma City, OK

Motorhomes

Trailer & Fifth Wheels

Full-timers

Contact Vance Insurance Group LLC today

Oklahoma Motorcycle Insurance Add-Ons Explained

How Does Boat Insurance Work?

Is it necessary to have umbrella insurance in Oklahoma City?

Do I Need Life Insurance If I am Single?

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