Exploring The Different Types Of Auto Insurance

Posted on April 22, 2021April 22, 2021 by admin

Vance Insurance Group LLC offers coverage to the Oklahoma City, OK community. We strive to make sure that our clients find policies to protect themselves if a disaster occurs. We proudly serve the local community as an independent agency.

Exploring The Different Types Of Auto Insurance

Your vehicle is one of your most prized possessions. Auto insurance helps you stay protected while you are traveling around Oklahoma City, OK and beyond. Accidents can happen at any time because driving conditions vary daily. Auto insurance ensures that you are protected if disaster strikes. Here is a look at the different types of auto insurance coverage.

Collision

The foundation of your auto insurance policy, collision coverage protects your vehicle if it suffers damages due to a collision. You are fully protected when you collide with another vehicle or object.

Comprehensive

Comprehensive coverage protects your vehicle if it is stolen or vandalized. This type of coverage protects your vehicle if a natural disaster occurs, such as a fire, hurricane, or tornado causing damage. You are also protected if your vehicle collides with an animal.

Liability

Liability coverage protects you if you are held responsible for injuring someone or causing damage to their property. Liability coverage also protects you if one of your passengers is injured while riding along.

Special Coverage

You can amend your policy to add special coverage. Emergency assistance coverage protects you if your vehicle has a flat tire, dead battery, or some other emergency. You will receive an urgent towing service or roadside assistance.

Vance Insurance Group LLC Will Help Keep You Safe On The Road

Visit our website to learn more information about auto insurance.

Types of Commercial Insurance Coverages

Posted on March 25, 2021March 25, 2021 by admin

As a business owner in Oklahoma City, OK, protecting your company from liability and injury claims should be a top priority. Getting commercial insurance from a reputable company like Vance Insurance Group LLC is one way to do this, ensuring your company and your employees are safeguarded. Below are some types of commercial insurance to consider.

Workers Compensation Coverage

Workers can sometimes get injured during work, requiring medical attention. Workers’ compensation ensures that medical bills are covered along with any legal fees if your business gets sued. Lost wages are also taken care of when employee injuries lead to lost work hours.

Commercial Auto Insurance

Commercial auto insurance is designed to cover businesses whose vehicles are used for work-related engagements. If your employees get into an accident, commercial auto insurance covers the costs of vehicle repairs and replacements.

Property Insurance Coverage

Property insurance provides coverage for business buildings and contents within them. This policy will also take care of expenses arising from such scenarios during a fire outbreak or natural disaster.

Cyber Liability Insurance

Cyber liability insurance protects businesses when data breaches arise. Items covered by this policy include customer notifications, retrieval of client data, and ransom fees. If you also get sued by your customers, this policy will take care of compensation claims and legal fees.

General Liability Coverage

General liability insurance covers the costs of injuries to customers, specifically medical costs and legal fees. If your business also encounters any libel damages, this policy will cater to the liability claims.

Business Owner’s Policy

Business owner’s policy merges general liability insurance and commercial property coverage into one, allowing you to enjoy the benefits of both under one cover. Items covered include damage to business property and injuries that occur at your business.

Professional Liability Insurance

If you operate a service-based business such as a legal firm, a medical practice, or an insurance professional, professional liability insurance is for you. It covers errors and omissions made during consultations and any liability that results from mistakes made.

For a chance to get any commercial insurance coverage in Oklahoma City, OK, contact Vance Insurance Group LLC today for a customized policy.

Useful home insurance terms you need to know

Posted on February 22, 2021February 22, 2021 by admin

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.

How Does Classic Car Insurance Differ from Auto Insurance

Posted on January 26, 2021January 26, 2021 by admin

Whether you own a vintage Corvette or a fast and furious Dodge Viper, the chances are that you want to protect your coveted collector vehicle. This likely means that your classic car is babied by being stored inside, only driven in nice weather, and kept away from the public eye. Given the investment made in purchasing, restoring, and maintaining a classic car, you must have peace of mind by knowing that the vehicle is covered no matter what type of accident occurs. While traditional auto insurance covers the vast majority of new and used cars available today, it does not provide appropriate protection for collector vehicles. Consequently, classic car insurance is specially designed for collector vehicles and offers extra peace of mind.

With normal auto insurance, your vehicle is covered to what is known as its actual cash value, which is the cost to replace the vehicle minus depreciation. Conversely, classic car insurance covers your vehicle at a mutually agreed or guaranteed value that considers the equity that the vehicle has. Since collector cars increase in value over time, the guaranteed cash value provides higher upside and greater protection should an accident occur. Keep in mind that not every vehicle will qualify as a collector car, with the general requirement being that it be at least 20 years old; however, exceptions do exist.

At Vance Insurance Group LLC in Oklahoma City, OK, we’ll work with you to determine a mutually acceptable value for your classic car that is fair to all parties and provide a seamless process before, during, and after opening an insurance policy with us. Give our team at Vance Insurance Group LLC in Oklahoma City, OK a call today to learn more about our classic car insurance options.

Why should I get an Oklahoma recreational insurance policy?

Posted on December 18, 2020December 18, 2020 by admin

The Oklahoma City, OK area can be a great place for anyone to live. One of the advantages of living in this area is that there are many great places to enjoy the great outdoors. To ensure that you can maximize your experience, investing in a recreational toy can be a good option. Along with this purchase, you also need to get a proper recreational insurance policy for it. There are several reasons that you should get this type of coverage.

Insurance Will Cover Your Asset

One reason that you should invest in recreational insurance is that it will protect your asset. Any recreational toy will be expensive for you to purchase. Along with this purchase, you will expect to be able to use it for a long time. To ensure that you are able to enjoy it for as long as possible, you should get a recreational insurance policy. This will keep you properly covered and protected at all times.

Insurance Offers Liability Protection

You will also want to get recreational insurance to receive liability protection. Anyone that operates a recreational asset is going to run the risk of causing an accident. When you get an appropriate insurance policy in place, it will give you the needed coverage to mitigate this risk. This could save you a lot of money if you are found liable for damages in an accident.

When you decide to invest in a recreational insurance policy in the Oklahoma City, OK area, it would be a good idea for you to call the Vance Insurance Group, LLC. The insurance professionals with the Vance Insurance Group, LLC will help you better assess your insurance needs. The team will then give the guidance that is needed for you to pick the best policy possible.

When Do You Need a Renters Insurance Policy?

Posted on November 24, 2020November 24, 2020 by admin

Having the right insurance to protect what’s yours is extremely important. One of the best ways to do that when you don’t own your home is through renters insurance. This insurance doesn’t provide coverage for the structure you’re living in, but it does cover the items inside of that structure. So it’s not for the dwelling, but for your belongings instead. At Vance Insurance Group, LLC, we can help customers in the Oklahoma City, OK area find the insurance policy they need when they’re renting a place to live, so they can feel confident that they’re protecting their belongings the right way.

A renters policy is focused on the renter’s personal items, including clothing and furniture. If you have something more unique or unexpected, such as an antique hutch or a grand piano, for example, you’ll want to make sure you talk with your agent about whether you’ll need a higher level of coverage. Some people want to add to their policy when they have these kinds of items because they can be more difficult to replace under the standard coverage limits. A dedicated agent can help you find the policy that’s truly going to meet your needs.

Reach out to us today at Vance Insurance Group, LLC and let us help you with your renter’s insurance needs. If you’re located in the Oklahoma City, OK area, we’re here to give you the support and guidance you need to select the right policy to protect your belongings. You don’t need to worry about the structure of the house or apartment. That’s the responsibility of the landlord, and they’re the ones who provide insurance for it. But if you want to protect your personal belongings, you need to make sure you have a rental policy you can rely on.

Motorhome Insurance Myths Oklahoma Residents Must Avoid

Posted on October 30, 2020October 30, 2020 by admin

Based in Oklahoma City, OK, Vance Insurance Group LLC serves the community by offering residents multiple types of insurance policies. We are committed to helping our clients find policies that will allow them to enjoy peace of mind.

Common Motorhome Insurance Myths

As you travel through Oklahoma City, OK, and enjoy everything that the city has to offer, it’s important that you have coverage in the event of an emergency. Motorhome insurance covers you if your motorhome breaks down and you need assistance. The policy also covers your personal items inside the motorhome if they are stolen or vandalized. Storage coverage protects your motorhome while you are camping. While you are researching different policies, avoid some of these common motorhome insurance myths.

You Can Rely On Your Auto Insurance

This is incorrect. In order to properly secure your motorhome, as well as your possessions inside of it, you need a motorhome insurance policy. You cannot cover your motorhome through another type of policy. Motorhome insurance provides comprehensive coverage.

All Coverage Is The Same

Motorhome insurance varies based on the type of vehicle that you have. If you have a small motorhome, your policy will be different than if you have a larger motorhome. Your policy may also vary based on the amount of traveling that you do in your motorhome.

I Can Use Travel Trailer Coverage For Everything

This is incorrect. If you are renovating your motorhome, you cannot use travel trailer coverage to protect your belongings. Only a comprehensive motorhome insurance policy will cover everything.

Vance Insurance Group LLC Is Here For You

Visit our website today to learn more information about motorhome insurance.

RV Insurance Coverage Options

Posted on September 30, 2020September 30, 2020 by admin

You are packing up and getting ready to head off to a place with beautiful scenery to camp for the weekend in your new RV (recreational vehicle). Still, do you have the proper insurance coverage in place to protect yourself and your investment?

In Oklahoma, you must have at least liability insurance on your RV, just like you do for a truck, SUV, or car. This will pay for injuries or property damages sustained by others if there is an accident that is deemed to be your fault.

Uninsured and Underinsured Motorist Insurance

In addition to liability insurance, it is a good idea to obtain uninsured and underinsured motorist insurance. This means if someone without insurance or very little insurance hits your RV with their vehicle, this part of your policy will pay for the repairs to your RV and get you back on the road in no time at all.

Comprehensive Insurance Coverage

If your RV is stolen or broken into and items inside are stolen, comprehensive coverage will cover your losses. Also, if your RV is damaged by a fire, vandalism, or natural disaster, this part of your policy will pay for repairs or to replace it if your RV is destroyed.

Collision Insurance

Collision insurance covers the repairs to your RV or will replace it if it is a total loss when involved in an accident with another vehicle or with an object, such as a tree when you are backing into a camping site at your favorite campground.

To create the best RV insurance policy for you, your situation, and your RV, you should enlist the help of a licensed insurance agent who is experienced and knowledgeable with RV insurance. The RV insurance agents at the Vance Insurance Group, LLC in Oklahoma City, OK are ready to assist you with all of your RV insurance needs. Call to make an appointment today!

Do You Need Insurance for When Your Motorcycle is in Storage?

Posted on August 28, 2020August 28, 2020 by admin

Are you a new motorcycle owner? Depending on where you live and your circumstances, you won’t have your motorcycle on the road throughout the whole year. This is especially true when you live in the Oklahoma City, OK area. If you have questions about how your motorcycle insurance coverage may change when you have your bike in storage, talk to an agent at Vance Insurance Group, LLC.

What happens when a motorcycle is put in storage?

If you know that you’ll have your motorbike in your garage or elsewhere off of the road for some part of the year, it’s necessary to tell your agent this when putting together your insurance policy. You can set it ahead of time if you know which months you’re going to have it stored away, or you can wait until shortly before this occurs. Ask him or her about coverage options. Most agencies work with this by taking away all the motorcycle insurance besides comprehensive for this time.

What does comprehensive insurance typically cover?

When you have comprehensive insurance for your motorcycle, this will apply to instances of storm and fire damage as well as theft. The major things that can happen to your bike when it’s locked away and not in use are covered under this type of policy. If there are particulars that are of concern, be sure to speak up, so you know if it’s going to be part of this coverage.

Vance Insurance Group, LLC is here to support you in the process of setting up top-notch insurance packages. We understand how important your motorcycle is to you and that any policy should be customized to your specific situation. Reach out to us if you’re looking for motorcycle insurance policies in Oklahoma City, OK, and the surrounding region.

Common Myths About Boat Insurance

Posted on July 30, 2020July 30, 2020 by admin

Vance Insurance Group, LLC serves the Oklahoma City, OK community, through offering multiple insurance policies. We strive to ensure that our clients find the coverage they need to protect their assets. The future is impossible to predict. That’s why we are committed to helping our clients find coverage that will give them a piece of mind.

Boat Insurance Options

During warm Oklahoma summers, many people take their boat for a spin by the lake. If you enjoy using your boat regularly, it’s vital that you have protection in place. Boat insurance allows you to cover your assets. Unfortunately, there is a lot of misinformation regarding the significance of boat insurance. Here is a look at some common boat insurance myths.

Boat Insurance Myths

Boat Insurance Isn’t Necessary

If you use your boat regularly, boat insurance can be a significant asset. Boat insurance protects you if you are involved in an accident. The policy also covers your boat if it is stolen or vandalized. Even if you keep your boat in storage and only use it a few times, boat insurance gives you an extra layer of protection.

I Can Rely On My Home Insurance Policy

Your home insurance policy may not cover your boat. Make sure that you research different policies to learn what they entail. However, the easiest way to ensure full protection on your boat is through boat insurance.

I Can Take My Boat Anywhere

Be aware that your policy may only cover usage to a particular area. Once you go beyond that area, you may not be covered. That’s why you should read through the language in your policy carefully.

Find Boat Insurance Coverage Through Vance Insurance Group, LLC

We recognize that purchasing a boat is a considerable investment. That’s why we will sit down with you and help you find the policy that suits your needs. Stop by our office in Oklahoma City, OK today.

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Exploring The Different Types Of Auto Insurance

Vance Insurance Group LLC Will Help Keep You Safe On The Road

Workers Compensation Coverage

Commercial Auto Insurance

Property Insurance Coverage

Cyber Liability Insurance

General Liability Coverage

Business Owner’s Policy

Professional Liability Insurance

Personal property

Deductible

Endorsement/Rider

Common Motorhome Insurance Myths

You Can Rely On Your Auto Insurance

All Coverage Is The Same

I Can Use Travel Trailer Coverage For Everything

Vance Insurance Group LLC Is Here For You

Uninsured and Underinsured Motorist Insurance

Comprehensive Insurance Coverage

Collision Insurance

What happens when a motorcycle is put in storage?

What does comprehensive insurance typically cover?

Boat Insurance Options

Boat Insurance Myths

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