Where’s Your Boat At? Secure Watercraft Insurance Today

Posted on August 30, 2024August 21, 2024 by admin

Where you keep your boat when it’s not in use is just as important as how you operate it regarding comprehensive boater’s insurance. If you live on a lake or river, our agents at Insurance Source Solutions in Oklahoma offer advice on how to protect the boat you store at your own home dock and ways to determine if your policy will suit your needs.

Does Insurance cover Private Boat Docks?

Most homeowners insurance policies cover your own dock, but the property where it is located must be on the protected and owned property listed on your policy. However, if you dock your boat at another person’s property, marina, or public dock, you’ll likely need additional insurance.

Types of Home Insurance That Applies to Your Boat Dock

For most policyholders, a supplement known as other structure coverage will kick in for boat dock damages related to hail, wind, and storms. This is a segment of a homeowner’s property policy that also covers damage to other aspects of your home, such as:

Detached Garages
Guest Quarters
Sheds and Barns
Gazebos
Greenhouses
Driveways

Yet, if the pier or boat dock can be removed each season, it may be considered personal property, so you’ll want to ensure that a personal property policy covers it.

Types of Boat Dock Damage That’s Usually Not Covered

Even a comprehensive homeowner insurance policy might not cover certain damages. These include:

Boat dock collapses
Ice or freeze damage
Flood damage
Damage due to high wind or waves

Keep Your Boat Covered Regardless of Location

Whether you dock your boat on the water or prefer to keep it dry on land, we can help you ensure that you have the right policy in place. Contact Insurance Source Solutions in Oklahoma to get your questions answered and help you find the right coverage for you.

How Renters Insurance Protects Oklahoma Residents from the Unexpected

Posted on July 30, 2024July 24, 2024 by admin

Renting a new home or apartment in Utah, Kansas, Oklahoma, or anywhere can indeed be an anxiety-inducing experience. Completing rental applications, setting up utilities, entertainment services, and waste management services, and moving your precious belongings and high-end valuables can leave luxury apartment renters and local home renters feeling on edge.

The good news is that the experts at Insurance Source Solutions can help mitigate moving stress by providing local guidance and advice on a comprehensive renters insurance policy that can protect your valuables from financial loss.

Renters Insurance Protects Residents from the Unexpected

Much like auto or homeowners insurance, renters insurance is designed to protect renters from devastating financial losses that could result in high out-of-pocket expenses for repair or replacement. A comprehensive renters insurance policy can safeguard your furniture, electronics, jewelry, and other valuables from events including fire, theft, vandalism, and water damage.

Liability Insurance for Renters

Many renters are unaware that they could be held liable for damages and expenses if someone is injured on the property while visiting their rental. A liability insurance policy for renters can offset the cost of legal, medical, and personal injury claims that arise in these situations.

Oklahoma’s unique location places it at the center of one of the most tornado-prone sections of the country. A comprehensive renters insurance policy may include provisions that help residents recover quickly from the aftermath of twisters and other natural disasters that can wreak havoc on their mental health, personal property, and rental units.

Don’t wait until it’s too late to protect your possessions from the unexpected.

Be proactive by contacting a licensed insurance agent at Insurance Source Solutions, serving Oklahoma, Kansas, and Utah, to get a quote and start a renters insurance policy today!

Condo insurance FAQs

Posted on June 28, 2024June 26, 2024 by admin

While a condominium might be your home, the coverage you receive from your condominium insurance is not identical to that provided for a standalone home. It’s crucial to read your covenant to ascertain your required coverage. At Insurance Source Solutions in Oklahoma, we are independent insurance agents. We can offer a wider selection of options and more competitive prices than captive agencies.

Who is responsible for the exterior of your condominium?

The condominium association holds a master policy that covers the exterior of your condominium. The extent of the coverage inside the exterior walls largely depends on the specifics of the policy. Therefore, it’s important to know where your coverage needs to start.

What types of coverage does condominium insurance offer?

Condominium insurance incorporates basic coverage that most home insurances provide. These include property, content, liability, and loss of use coverage. In terms of content insurance, you can choose between current value and replacement cost. If your condominium becomes inhabitable due to severe damage, the loss of use coverage will offer you an alternative accommodation.

What does the condominium association master policy cover?

The condominium association master policy covers the exterior of the condominium, including parts such as the roof and exterior walls. Coverage also extends to damage to common areas and parking lots. It provides both property and liability coverage. As a result, you’ll not have to worry about insuring these aspects.

What is not covered by condominium insurance?

Similar to home insurance, natural calamities such as floods and earth movements, including earthquakes, landslides, and sinkholes, are not covered. If you possess high-value items like jewelry, electronics, antiques, or art, you might have to consider an additional coverage.
Contact Insurance Source Solutions in Oklahoma whenever you have any queries or concerns regarding condominium insurance.

What are the Advantages of Umbrella Insurance for Retirees?

Posted on May 29, 2024May 29, 2024 by admin

Many of us work hard and save our money to allow us to spend our retirement focused on family, hobbies, and other activities without worrying about money. For many, an underappreciated means of protecting yourself and eliminating money worries is to obtain umbrella insurance to cover your accumulated assets. Whether you are retired today or plan to be in the future, the Insurance Source Solutions team, serving Oklahoma residents, will help you understand the benefits of umbrella insurance for people of all ages.

How Umbrella Insurance Benefits Retirees

We buy insurance to protect ourselves against the unexpected. We know accidents can happen regardless of how careful we are, potentially leaving us liable for damages. Although our home and auto policies cover us in most cases, the damage and our liability can sometimes exceed the limits of our policies. While rare, you must pay the difference between the policy limits and the total damages in those situations, putting your savings, home, and other assets at risk.

Such situations are a problem at any age but are worse for retirees with accumulated assets who are past their peak earning years, making it difficult to rebuild their assets. Umbrella insurance solves the problem by sitting atop your other policies and paying out only when you exceed their limits. The low number of umbrella insurance claims means Oklahomans pay an average of $150 to $300 per year for $1 million in umbrella coverage while gaining peace of mind from the added protection.

Working With Insurance Source Solutions

Umbrella insurance is a low-cost way to protect your family and assets. If you live in Oklahoma, stop in today or call the Insurance Source Solutions team at (405) 348-5475 to discuss how umbrella insurance can benefit you.

Protect Yourself from Increasing Flash Floods in OK

Posted on April 29, 2024April 27, 2024 by admin

Understanding Flood Risk in Oklahoma

According to data from the Federal Emergency Management Agency (FEMA), certain areas with only a 1% chance of encountering a flood are classified as “high risk.” Alarmingly, there are locations in Oklahoma harboring a 26% chance of flooding over the course of a 30-year mortgage.

Flood-prone Areas in Oklahoma

Each location within the bounds of the state bears differing risk levels. Some of the most severe flood instances have been recorded in the areas surrounding Keystone Lake, West Tulsa, and Bixby. Moreover, the plucks of Oklahoma City have felt the tremors of serious water disasters.

Flood Maps and Risk Assessments

Using flood maps and risk assessments, you can find further insights about Oklahoma’s worst flood cases and risks linked with your location. Just remember, there is no such thing as zero risk, particularly concerning Oklahoma’s varied terrain.

Advice from Oklahoma City

Regardless of whether you’re a resident of Oklahoma City, the following advice is pertinent if you live in a floodplain. For thare unsure about their situation, it would be beneficial to ascertain their standing promptly.

Preventive Measures

It is strongly recommended that buildings in floodplains must maintain a minimum of one foot above the base elevation to minimize damage. These areas also need insurance, similar to the provisions offered by Insurance Source Solutions.

The Importance of Flood Insurance

In terms of insurance, it is of paramount importance to note that a basic homeowner’s insurance plan does not cover flood damage. Neither does the renter’s insurance. Also, don’t assume any other natural disaster coverage will compensate for a flood if it is not expressly included in the policy text.

Application Process and Waiting Period

Do bear in mind that there is a stipulated waiting period before your insurance coverage comes into play. Therefore, it necessitates collecting and preparing your data in anticipation of applying for a policy.

Procrastination is Not an Option

It’s crucial to act swiftly, especially for homeowners residing in floodplain regions. Delaying insurance procedures only serves to jeopardize your safety. Extend a hand towards securing the best flood insurance that fits you by contacting Insurance Source Solutions today.

Things You Didn’t Know Renters Insurance Covered

Posted on March 29, 2024March 21, 2024 by admin

Oklahoma residents, are you aware of the full extent of protection renters insurance can offer? At Insurance Source Solutions, we’re dedicated to ensuring that renters in Oklahoma understand the comprehensive coverage available to them. While many renters may be familiar with the basics of renters insurance, there are some lesser-known benefits worth exploring.

Personal Property Coverage: Renters insurance protects personal belongings within your rented space and often extends coverage to items you take outside your home as well. Whether your belongings are stolen from your car or lost while traveling, renters insurance can help reimburse you for the loss.
Loss of Use Coverage: If your rented dwelling becomes uninhabitable due to a covered peril, such as fire or storm damage, loss of use coverage can be a financial lifesaver. It helps cover additional living expenses incurred while temporarily displaced, including hotel bills, restaurant meals, and other essentials.
Liability Protection: Renters insurance doesn’t just shield your belongings. It also provides liability protection. If someone is injured while visiting your rented home or if you accidentally damage someone else’s property, renters insurance can help cover legal expenses, medical bills, and potential settlements.

At Insurance Source Solutions, we understand the importance of safeguarding your rented space and personal belongings in Oklahoma. Our renters insurance policies are designed to provide comprehensive coverage and peace of mind, ensuring you’re prepared for unexpected twists and turns.

Ready to explore your renter’s insurance options? Contact Insurance Source Solutions today for personalized guidance and a competitive price quote. Protect your Oklahoma rental property and belongings with reliable coverage that fits your lifestyle.

Freedom to Explore: Protecting Your Home on the Road in Oklahoma

Posted on February 28, 2024February 19, 2024 by admin

Your Guide To Recreational Vehicle Insurance in Oklahoma

At Insurance Source Solutions, we understand your need for reassurance when it comes to your recreational vehicle. We proudly equip Oklahoma RV owners with the tools necessary to protect their movable homes. Our aim is to give you the freedom to explore without the typical hassles associated with insurance. Let’s delve into some frequently asked questions about RV insurance in Oklahoma.

Is RV Insurance Mandatory in Oklahoma?

Yes, it is. If your recreational vehicle can move under its own power, you need to secure the proper insurance policy. Our expert team is ready and willing to assist you with finding the most suitable policy. Like cars or trucks, the legal requirements are the same for RVs in Oklahoma.

What if I Lived in my RV full-time?

Different policies apply in this case. When you’re procuring insurance for your RV, you should tell us if you plan on living in it full-time. We can help you to align with the specific policy you need.

Does Usage Rate Influence Your RV Insurance?

Absolutely. The frequency of using the recreational vehicle factors into insurance needs. The more you use the RV, the more comprehensive the insurance policy should be to reflect your lifestyle.

Contact Insurance Source Solutions

At Insurance Source Solutions, we help guide prospective and existing Oklahoma RV owners. If you have more inquiries or concerns about your recreational vehicle insurance policy, don’t hesitate to contact us.

RV Chronicles: Navigating Insurance Lingo with a Twist of Fun

Posted on January 22, 2024January 25, 2024 by admin

The RV journey presents unique challenges, especially when understanding insurance. At Insurance Source Solutions in Oklahoma, we empower fellow travelers with knowledge.

Decoding RV Insurance Jargon

RV insurance often feels like navigating complex terminology surrounding unique aspects of recreational vehicles. We are here to simplify complexities, ensuring you comprehend terms related to comprehensive coverage, liability limits, and specifics like RV size, plumbing, rooms, and air conditioning.

Insights Tailored to RV Enthusiasts

Beyond technicalities, we tailor insights to the needs of RV enthusiasts. This series delves into specifics of RV living, travel, and lifestyle. Whether you’re a seasoned RVer or a novice, our goal is to provide information enhancing your RV experience, covering aspects like plumbing systems, the number of rooms, the size of your vehicle, and the significance of air conditioning.

Injecting Humor and Humanity

While the subject matter is serious, learning about RV insurance doesn’t have to be dull. We inject humor and humanity, making the educational journey enjoyable. A well-placed chuckle can make even the most intricate insurance concepts more digestible, ensuring you retain essential information effortlessly.

Your RV’s Invitation to Understanding

Your RV is more than just a vehicle; it’s a gateway to adventure and exploration. We extend you a personal invitation to understand your RV insurance better. Whether you’re preparing for a cross-country road trip or seeking coverage for a stationary lifestyle in Oklahoma, Insurance Source Solutions is your trusted partner.

Connect with Informed Adventure

Ready for a journey of informed adventure? Connect with Insurance Source Solutions for in-depth insights into RV insurance, covering elements unique to your RV. Our team is committed to providing the guidance you need for a secure and enjoyable RV lifestyle. An RV experience is exhilarating – go explore.

Is Motorcycle Insurance a Requirement?

Posted on December 20, 2023December 30, 2023 by admin

If you own a motorcycle, you may have questions about motorcycle insurance and how it works. Insurance Source Solutions serving Oklahoma can help you get the answers that you need about motorcycle insurance. Knowing whether motorcycle insurance is required and what you should do to pick the right insurance policy for your needs can help you through this process. Here’s what to know.

Is Motorcycle Insurance Required?

Motorcycle insurance is a requirement for driving on the road with a motorcycle, just like auto insurance. However, motorcycles aren’t covered under most auto policies, so you’ll most likely need to have your own motorcycle policy to ensure that your motorcycle is properly insured.

What Should You Consider When Getting Motorcycle Insurance?

There are many different types of coverage that can be offered by motorcycle insurance. Here’s what to consider when trying to find the right motorcycle insurance for your needs.

Injuries. Some motorcycle policies will cover you if you are injured, and some will not.
Collision coverage. Collision coverage helps repair or replace your motorcycle if it’s involved in an accident. You’ll have to think about whether this is important to you.
Other riders. Your motorcycle insurance may or may not cover other riders who are on the motorcycle with you. If you regularly ride with another person, this is important to consider.

How Can You Get Motorcycle Insurance?

The first step to getting motorcycle insurance is to find an insurance agent you can trust. At Insurance Source Solutions serving Oklahoma, we can help. As a respected name in insurance, we offer a variety of insurance types, including motorcycle insurance. Call today to find the best policy for your needs.

3 Benefits of Comprehensive Boat Insurance

Posted on November 17, 2023November 29, 2023 by admin

Insurance Source Solutions is here to serve the insurance needs of boat owners in the state of Oklahoma. If you want to increase the protection provided by your boat policy, we can help. Contact our office today to learn more about the boat policy options currently available in our area.

Main Benefits of Comprehensive Boat Insurance Policies

Increased Liability Protection – no one wants to be involved in a boating accident that causes injury or property damage. More robust coverage can protect you when you’re involved in an accident.
Theft and Vandalism Coverage – this type of protection isn’t included in all policy types. If you want to make sure that your craft is protected both on and off the water, consider upgrading your boat policy today.
Additional Features Availability – a comprehensive boat policy can include additional features like at-sea towing service reimbursement and protection when your vessel is in storage. If you want to include these types of features and more in your coverage, a comprehensive policy is the way to go.

Our local agents are friendly and knowledgeable and are here to help you find the right boat insurance policy to meet your needs. Contact us today with any questions that you might have about your current coverage and to determine if it’s time for an upgrade to a comprehensive policy.

Now’s the Time to Upgrade to a Comprehensive Boat Policy

Oklahoma boat owners can rely on the team at Insurance Source Solutions for all their insurance needs. If you’re interested in upgrading your current policy to one that provides more comprehensive protection, we’re here to help. Give us a call today or stop by our office to learn more about our services and how we can help you protect your boat!

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