Homeowners Insurance in Oklahoma
Everyone’s needs are not the same, so it is best to consult your agent to help assess your needs and find the homeowners insurance policy that is right for you.
What is Homeowners Insurance?
Homeowners Insurance is a policy designed to provide financial protection for your home and the property inside should disaster hit. A homeowner’s policy can help with costs that are caused by fire, hurricane, theft, or an incident involving another person or party that would hold the homeowner liable.
Homeowners insurance is considered a package policy because it encompasses both property damage protection and liability protection. The liability coverage would come into place if someone who is covered by the policy, which would be anyone living in the home including pets, were to cause damage or injury to someone else’s property or person. This liability protection also extends to when the residents of the home are not physically at the address of the home. This coverage would help with paying for medical expenses, legal costs, and property damages that occur when the insured is being held responsible.
The property damage protection would cover the repairs or replacement to the physical structure of the home or the actual personal property. For example, a hailstorm damages the roof on the house. This portion of the policy would help with the expenses of getting the roof repaired or replaced.
Why Do You Need Homeowners Insurance?
Some things to think about when looking for insurance:
How much coverage do you need for your home and everything that is inside? Kim always asks it like “If you were to turn your house upside down, how much would everything that falls out cost to replace?” That amount plus the value of your home is a good place to start when thinking about coverage amounts.
Do you have a security system or a fire alarm/fire-resistant features? If the answer is yes, there could be discounts available to you for having those security features. Be sure to ask about other discounts that might be available to you as well.