Keeping Your Home Protected, Inside and Out

Whether you’re a new homeowner or are looking to protect additional items, you need a policy that covers your needs. Understanding what a basic homeowners policy does and does not include is important. That way, you know what additional coverage you should consider. Keep reading for tips and tricks on how to find the right fit for protecting your home, inside and out. 

What’s the difference between Homeowners Insurance and Personal Property Insurance? 

In areas where your homeowners policy may be lacking, additional personal property coverage can help ensure your high-dollar valuables are protected. 

Homeowners Insurance will cover various items inside and outside of your home. However, there are limitations to what items and under what circumstances they will be covered. This is where personal property coverage comes in handy. It protects personal belongings inside your home in the event of damages or theft. This includes specific, high-value items, like jewelry, firearms, furs, collectibles, silverware, gold, musical instruments and more. 

For what situations should I consider additional insurance beyond my homeowners policy?

  • Home-based businesses. If your business inventory got ruined or a customer fell in your home, your standard homeowners policy might not cover it. Be sure to talk to your agent about commercial coverage to keep your work and clients safe.
  • Outbuildings. The tree house you built for your kids or the shed you have for more storage are typically limited in standard home coverage. Check with your agent to see if you should get additional structure coverage to have your hard work and personal items protected. 

How do I ensure my home is protected in case of Earthquake and/or Flood?

You may assume you’re covered under your standard homeowners policy from these natural events, but that might not be the case. In reality, these natural disasters require their own policy additions. If you live in a flood or earthquake prone area, talk to your agent about these other insurance options. 

A good Home Insurance Policy coupled with the right amount of additional coverage can help ensure your home and valuable assets stay protected through the ups and downs. Contact an agent today to see how much coverage you may need.

Benefits of a Storm Shelter

When a tornado or storm strikes, do you and your family have a safe place to take shelter? Are you able to get there in seconds? A safe room or storm shelter can provide an extra layer of protection during a destructive storm, but this isn’t the only benefit a storm shelter provides. If you don’t currently have a storm shelter, or don’t know the value it can provide, check out the following storm shelter benefits.

Easily Accessible

One of the main benefits of a storm shelter is that it is within or very close to you, so everyone in the household can get to it easily. Having a storm shelter on your property means you eliminate the risk of trying to travel to a storm shelter down the street or in the area. A designated storm shelter also reassures you and your family know where to go before a storm or tornado strikes.

Built to Fit Your Family

Storm shelters come in a variety of designs and sizes, plus there is even the option of a custom design to fit your unique needs. If your family has to travel to a community storm shelter, there is the possibility that it will be full and you may have to split up. Additionally, if a family member has unique needs, such as a wheelchair accessible storm shelter, an above-ground storm shelter can meet that need.

Protection for Valuables

Severe storms, especially those that spin up tornadoes, can damage or even totally destroy a home and its contents. A storm shelter in your home can serve as a safe place not only for members of your family, but also for valuable items. From jewelry to pictures, storm shelters can help protect your most precious valuables.

Stocked for Emergencies

Your storm shelter is a great place to store any emergency supplies you may need in case of a tornado or other severe storm. Consider including first aid items, extra clothing, water, food, medication and any important documents. Taking the steps to prepare an emergency kit for your shelter can help make this an area of refuge.

We hope you will consider investing in a storm shelter if you don’t already have one. Even if you never have to use it, a storm shelter in your home can provide peace of mind for you and your loved ones.

As an added bonus, OKFB members are eligible to receive several discounts on storm shelters. Learn more about this storm shelter discount, and contact your OKFB Insurance agent to talk about the right level of homeowners or flood insurance before storm season is in full swing.

How to Minimize Flooding in Your Home

With spring officially here, the start of storm season is right around the corner. You may not be able to prevent the springtime floods, but you can take steps to minimize the water damage to your home. Check out these tips, and don’t forget to contact your OKFB agent to discuss your options for flood protection. 

Give Water Somewhere to Go

Water needs to have a designated route for it to flow away from your home. To make this possible, you need to ensure there is proper guttering and that the gutter is free of debris to allow water to flow. You should also adjust any landscaping that may force water toward your foundation. If flooding is significant and consistent over time, consider a French drain or pump system that actively removes water away from your home.

Maintain a Strong Foundation

Foundations are key! Water getting under your house or in your foundation can create costly damages. Examine and patch any holes or cracks in slab foundations by consulting with a professional or by seeking guidance at your local home improvement store for the best solution to fit your situation.

Protect Your Appliances

Air conditioners, generators, fuel tanks and similar items often reside outdoors. Although they’re often made to withstand the elements, they’re not usually made for standing water and can flood out. Raise these items up on a platform and secure them to offer extra safety and protection.

Stay Safe

Stay aware of weather conditions by seeking the most recent information on local TV, radio or Internet sites. Avoid flooded areas. If you have advance warning the area around your home may flood, remove your family to somewhere safe. If possible, be prepared with essentials, like identification, medications and your insurance agent’s contact information.

Learn more about homeowners insurance and flood protection by contacting an OKFB agent near you.

Don’t Get Fooled By Top Insurance Myths

When it comes to shopping around for insurance, or even when it’s time for an annual review of your current policy, it can be overwhelming to sort through the sea of information about insurance. Furthermore, popular myths and misconceptions about insurance can leave you even more confused. Check out some of the top myths we hear, and the facts that bust them.

Myth: Life insurance is not necessary until I’m older.

Fact: Life insurance can be a valuable investment at every life stage. Whole and universal life policies not only provide a death benefit, they also allow you to use accumulated cash value for plans such as buying a home or retirement, meaning investing younger can yield benefits for later in life.

Myth: All the belongings in my house are covered by my homeowners policy.

Fact: There are different types of homes and each home varies in the features it has and the homeowners policy it needs! Limitations may apply to specific items, especially those that are high in value. Plus, items you may consider part of your home may be considered separate within your policy, such as a detached property.

Myth: Earthquake and flood insurance come standard with homeowner insurance.

Fact: Standard homeowners insurance policies don’t typically cover damage caused by a flood or earthquake. Policy additions for natural disasters, like floods and earthquakes, can often be added to a policy, but if the coverage is not obtained before the event occurs your property will not be protected.

Myth: Color is a major factor in the cost of my auto insurance.

Fact: Contrary to popular belief, having a red vehicle does not automatically mean your auto insurance will cost more. However, there are several other factors to keep in mind when car shopping, because all of these things could affect the price you pay to insure your car, such as car make, body type, age of your vehicle and the car’s sticker price.

Learn more about the right coverage for your unique needs by contacting an OKFB agent near you.