3 Ways to Show You Care

Valentine’s Day is the perfect holiday to show your loved ones how much you care. This year, don’t just get flowers and chocolates. One gift that can truly last is insurance. It may not be as romantic as a dozen roses, but it can provide protection for life. 

  1. Protect Your Valuables

Home is where you usually feel safest and where you keep your most prized possessions. Whether you’re a homeowner or a renter, both insurance lines offer personal property coverage. Personal property coverage covers personal belongings inside a home in the event of damages or theft that may not be covered under a general Homeowners or Renters Insurance line. 

Personal property coverage can provide a sense of security and help in recuperating valuables. Reach out to your local OKFB Agent and see if the jewelry you have or are planning to give for Valentine’s Day is covered.

  1. Travel With Confidence

Planning a weekend getaway for the weekend of love? Whether you’re fishing at the lake, racing ATVs or cruising Route 66 in an RV, one way to protect your loved ones from the unexpected is with Recreational Insurance. We offer a wide range of coverage options that could help you when making new memories wherever your travels take you. 

  1. Support Your Employees

The COVID-19 pandemic has shown us that small businesses have to expect the unexpected and adapt quickly. Many Oklahoma businesses have suffered from lost revenue, staffing shortages or have had to close their doors completely. One way to show you care for your employees is to give the gift of insurance. Our fully-customizable Business Owners Insurance includes Loss of Income coverage that could help cover a loss of net income due to suspension of operations and help pay for continuing payroll expenses. 

BONUS – How We Care: Drive with Peace of Mind

One auto-related gift to offer a loved one, and no, we’re not talking about buying a car, is Roadside Rescue. As an OKFB member or policyholder, we give you the gift of Roadside Rescue. This is a free service that provides 24/7 assistance wherever you or your loved one is nationwide. Enjoy the gift of traveling with confidence and peace of mind wherever and whenever this Valentine’s Day.

Insurance coverage is a great way to show you care and to provide loved ones with protection and safety. Reach out to your local OKFB Insurance agent if you have questions about your existing plan or purchasing a new one. We’re here to help!

A New Renters Insurance Guide

Ready to get your own place, but not ready to commit to buying property? Renting is a great alternative and can offer the experience of living in different neighborhoods in a city. However, it is important to insure the place you are renting. As a new renter, understand what Renters Insurance is and why it’s critical to obtain. 

What is Renters Insurance?

Renter’s Insurance is similar to Homeowners Insurance in that it protects personal belongings from unexpected damages or theft. Additionally, there are an array of coverage options to ensure that specific needs are covered. 

Do I Need Renters Insurance?

Some landlords have property insurance that covers the building in case of the unexpected; however, this does not cover personal items. Renter’s Insurance can help provide peace of mind by providing coverage on personal belongings that are in your apartment, condo, duplex, etc. Some landlords may even require a renter to have Renter’s Insurance as a lease condition.  

However, something to note is that if a college student is looking to live in a dorm or you have a child that will be, contact your insurance agent to see if your homeowners policy covers dorms or campus housing. If not, it could be critical to get a Renter’s Insurance policy for them.

What Does Renters Insurance Cover?

See a few coverage options below:

  • Personal Property: covers personal belongings inside the rented home in the event of damage or theft
  • Additional Living Expenses: covers costs that could incur in the event that an individual and their family cannot live in the rented space due to a covered loss
  • Personal Liability: ensures coverage in the event a person is legally liable for property damage or bodily injury
  • Medical Payments to Others: can cover limited medical payments to those injured on the property, regardless of fault

Renting is a great option to explore and could be the solution you need to venture out and enjoy life on your own. As you explore Renter’s Insurance and coverage needs or are already aware and have questions, don’t hesitate to reach out to a local OKFB agent.

Renters Insurance 101

Renting a place to live means you likely don’t have to get insurance to cover the structure in which you live. Consequently, many people will overlook the benefits of getting insurance for their personal property. Read on to debunk common misconceptions about renters insurance. 

Myth #1: “My landlord will cover my personal property damages/losses”  

Fact: While there may be some landlords who offer renters insurance to their tenants, it’s more likely that the landlord’s policy will only cover the structure itself and not anything inside. Even if the appliances owned by the landlord cause damage to your personal property, they will not be responsible. An example of this is if your refrigerator broke down and caused all your food to spoil. It would not be on the landlord to replace that food under their policy. If you don’t have renters insurance, you may lose hundreds of dollars worth of food items. 

Myth #2: “It’s too expensive”  

Fact: Renters insurance is actually quite affordable and provides coverage for all of your personal belongings. An average policy can protect your personal property in the event of an accident for affordable yearly price. Plus, there are additional discounts and credits you could be eligible for, such as bundling policies with the same agency.   

Myth #3: “It only covers my personal belongings”  

Fact: Renters insurance can also cover any damage you might cause to other tenants’ property or possible medical accidents that happen in your rental. For example, if your bathroom floods and seeps to other tenants’ personal property, a renters policy can help cover that damage. 

You can visit our website to learn more about renters insurance options or, if you want to speak directly with an agent about the best coverage option for you, you can contact your local agent today.