Risk Management consultant, Bob Turner Agency, Inc, Tulsa, OK
The price of Homeowners coverage depends on the home age, value, and your credit score.
Find an agent who asks a lot of questions on these points.
At that point an application goes to markets and proposals come back.
Proposals should be put in front of you for comparison and questions answered before you make the decision.
This is a great question. Homeowners insurance rates are on the rise in Oklahoma due to all of the claims activity over the past several years. There are many factors to what generates your homeowner's insurance premium. I hope this makes sense to you and answers your question. Here are some questions that you need to answer prior to receiving a quotation.
Where do you live?
Is it a rural area with a volunteer fire department or do you live in a city with a full time fire department? In the event of a fire, how long would the response time be for the fire fighters to get to your house?
Where is the closest fire hydrant?
What's the replacement cost of your home? Not the value of your home.
How old is your house?
What is the construction type of your house? Brick house? Frame?
Do you have a crawl space or a slab?
Do you have carpeted floors, tile, other?
If your home is older than 20 years, when was your roof last replaced?
Has the wiring been updated?
Has the plumbing been updated?
Do you have an alarm system?
Do you have any pets?
Any children? Who is living in the home?
Any fireplaces or wood burning stoves?
What deductible amount are you comfortable with?
What do you do for a living? Do you have a home business?
These are just a few of many questions that your agent or future agent should ask you.
Please let me know if I can answer any additional questions or help you out in any way.
All the best,
Josh DeBoer
Fred Daniel & Sons, Inc.
www.fdands.com
918-582-8206
It would take pages, articles, and even books to answer this question completely. I would first suggest that having a good independent agent would be a start in the right direction. An independent agent represents several companies and after careful planning can suggest the right coverage, policy and company to meet your specific needs for your specific home; permanent, mobile or module.
The main thing is to have proper coverage that meets your needs in case of loss. Many times agents will cut back on some coverage to try to stay with a lower premium and this can be a terrible mistake in many types of losses. In Oklahoma we now have the problem of earthquake insurance that was not even thought of here in this state 40 years ago. A person must carefully go over the coverage of a policy to be sure they have needs covered. If the premium is more than the budget can stand then look at a larger deductible before coverage begins rather than have a low deductible and a large loss that is not covered.
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Find an agent who asks a lot of questions on these points.
At that point an application goes to markets and proposals come back.
Proposals should be put in front of you for comparison and questions answered before you make the decision.
Where do you live?
Is it a rural area with a volunteer fire department or do you live in a city with a full time fire department? In the event of a fire, how long would the response time be for the fire fighters to get to your house?
Where is the closest fire hydrant?
What's the replacement cost of your home? Not the value of your home.
How old is your house?
What is the construction type of your house? Brick house? Frame?
Do you have a crawl space or a slab?
Do you have carpeted floors, tile, other?
If your home is older than 20 years, when was your roof last replaced?
Has the wiring been updated?
Has the plumbing been updated?
Do you have an alarm system?
Do you have any pets?
Any children? Who is living in the home?
Any fireplaces or wood burning stoves?
What deductible amount are you comfortable with?
What do you do for a living? Do you have a home business?
These are just a few of many questions that your agent or future agent should ask you.
Please let me know if I can answer any additional questions or help you out in any way.
All the best,
Josh DeBoer
Fred Daniel & Sons, Inc.
www.fdands.com
918-582-8206
The main thing is to have proper coverage that meets your needs in case of loss. Many times agents will cut back on some coverage to try to stay with a lower premium and this can be a terrible mistake in many types of losses. In Oklahoma we now have the problem of earthquake insurance that was not even thought of here in this state 40 years ago. A person must carefully go over the coverage of a policy to be sure they have needs covered. If the premium is more than the budget can stand then look at a larger deductible before coverage begins rather than have a low deductible and a large loss that is not covered.