Moon-Baker Agency

130 E Main St
Ada, OK 74820

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Why would anyone in Oklahoma need auto insurance?

People that live in and around Ada, OK are going to quickly find that owning a car is a good investment. Anyone that is a car owner here will be able to quickly get around town and enjoy all that it has to offer. As you are looking for a car, you should also get proper insurance for it. People that live in this area of Oklahoma will need to have this insurance for a few different reasons.

Insurance is Needed to Drive Legally

The state of Oklahoma continues to have strict laws around insurance requirements. If you want to drive a car in this state, you have to carry the minimum levels of insurance. If you are driving and do not have insurance, you will face serious penalties. In some cases, people will lose their license, and their future insurance rates often increase.

Insurance Needed to Protect Vehicle

Additionally, you are going to need to have auto insurance to protect your car. The last thing that you would want to happen would be to lose your car due to theft or accident damage. If you get an insurance policy that has full coverage, you can get coverage to protect against this downside.

There continue to be plenty of reasons that someone in Ada, OK will need to have auto insurance. Picking the right policy is very important and can be a complicated decision. Due to this, you need to make sure that you choose a policy that is right and meets your needs. The team at Moon – Baker Insurance Agency Inc. can make it easier for you to pick a quality policy. If you do call Moon – Baker Insurance Agency Inc. you can get the support that is needed to choose the right auto insurance. 

Does Your Home Insurance Cover Your Valuables?

If you’re about to become a homeowner, you’ll want to get solid home insurance. Not all standard homeowners’ insurance is the same so you’ll want to check with your provider that you’ll have enough coverage for your valuable items. For this reason, it’s definitely a good idea to talk to an independent agent at Moon – Baker Insurance Agency Inc. of the Ada, OK area.

Are My Valuables Protected Under Home Insurance?

The quick answer is that yes, there is coverage for valuable items under home insurance. However, it’s not always that simple. It’s important to note that many people think that means all of their personal belongings are covered by contents insurance when this just isn’t true. You’ll need to make a proper assessment of what you want to be insured and provide documentation for the items. That way, you can show their condition at the start of your policy and when it comes time to file a claim, you also would submit photographs of any damage.

Do a Walk-Through

It’s ideal to take a walk around your house and write down your valuables including what their current value is if you know this. Take the photographs as you go along. You’ll be thankful later when there’s been a theft or you’ve had an emergency that’s left items damaged. Even though it still can be devastating to have this happen, it should provide some sense of relief that you have the means to recoup funds to repair or replace what you’ve lost, in many cases.

For your home and valuables insurance needs in the Ada, OK area, look no further than Moon – Baker Insurance Agency Inc. We love to help out new and returning customers with their insurance needs.

Why should I get wedding insurance?

One of the most momentous days in someone’s life comes when they get married. While a wedding is a very special celebration, it can also be very expensive and require a lot of planning. Part of the planning process should be to prepare for the unexpected. One way that someone in the Ada, OK area can do this is by getting wedding insurance. There are several reasons someone here should get wedding insurance.

Covers Risks of Cancellation or Postponement

When you have a wedding, you are likely going to have to reserve a venue, catering service, entertainment, and many other vendors. If the event needs to be canceled or postponed, you may still be on the hook for some of these costs. Fortunately, if you get wedding insurance, you can receive the protection and support that you need to offset these costs if you do have to cancel the wedding for a covered purpose.

Liability Protection 

During your wedding, there is always a risk that an accident could occur that leads to bodily injury or even damage to the venue. If this occurs, you could be held responsible. Fortunately, you can offset this risk by getting wedding insurance as it will provide you with liability protection. 

When you are looking for a new wedding insurance policy in the Ada, OK area, it would be a good idea to speak with an insurance team that is experienced and that you can trust. The insurance team at Moon – Baker Insurance Agency Inc. can help you choose the right wedding insurance policy for your wedding. When you get this insurance from Moon – Baker Insurance Agency Inc. you can be assured that you have proper insurance, which will allow you to plan and enjoy your wedding with peace of mind. 

Demystifying the myths of life insurance. What are the facts?

If you are an Ada, OK resident, you have probably heard several myths about life insurance. But before you decide not to buy a policy based on these myths, here at Moon – Baker Insurance Agency, we demystify for you the myths and the facts. Taking a life insurance cover is one of the most acceptable ways to protect your loved ones from the uncertainties of life. You and your loved ones will overcome any financial hurdles without any challenges.

Myth: You only benefit from the life insurance policy after the death of the insured

It is assumed that you can only benefit from a life insurance policy after the insured’s death. This is not true. There are various types of insurance policies, most of which will provide financial aid if any life assured’s eventuality. A life insurance policy will offer you a moneyback guarantee after some time or a retirement plan. It would be best if you discussed with our insurance agents at Moon – Baker Insurance Agency on all the available options for you.

Myth: Life insurance is only a tax-saving means

Policyholders will sometimes invest in a life insurance policy as a tax saving option. While it’s true that you save a lot through tax relief by holding a life insurance policy, the policy acts as a financial safety net in case of life eventualities. At Moon – Baker Insurance Agency, Inc, our policies are customized to ensure the maximum benefits from the policy.

Myth: You do not qualify for a life insurance policy if you have an existing illness

This is not the case. However, you must disclose this information to our agents at Moon – Baker Insurance Agency, Inc. This is to avoid any surprises during the claim process. The insurance agents will discuss your medical history with you, and how that impacts the premiums, you are required to pay.

Please visit our website or visit Moon – Baker Insurance Agency at Ada, OK, for further clarification on the myths about life insurance.

Why do I need a Medicare Supplement Insurance?

Since July 1965 Medicare has been providing healthcare to people 65 years and older no matter what their medical history or income. Today more than 60 million Americans are covered by Medicare. In 1980 Congress brought Medicare supplemental insurance under government oversight. Today seniors have choices about the type of Medicare coverage they want. At Moon – Baker Insurance Agency Inc. in Ada, OK  we understand Medicare coverage is confusing, and having an insurance agent you trust can help with the decision-making process. 

Understanding Medicare

Medicare is not just one simple insurance policy. It has different parts with different requirements. You can choose from Original Medicare and a Medicare Advantage Program. You can only purchase a Medicare Supplemental Policy with original Medicare. Original Medicare has two parts:

  • Part A which you receive free of cost covers inpatient hospital stays, hospice care, surgery, lab tests, and in-home health care. Skilled nursing care is also covered but not long term.
  • Part B is medical coverage and you pay for it every month depending on your income. Coverage includes doctor’s visits, in-home care, outpatient care, and durable medical equipment. 

Medicare covers 80% of the negotiated costs of these services. It also has a yearly deductible that must be met. For the costs to be covered the provider must accept the rate that Medicare will pay. Original Medicare does not cover prescription costs. This is Part D coverage which you are mandated to buy under threat of a lifelong penalty. 

Medicare Part F

The reason why you need Medicare Supplemental Insurance is to pay the 20% that is not covered by Original Medicare. Many different companies offer these plans and they cover part or all of the 20% not covered. 

Contact Moon – Baker Insurance Agency Inc. in Ada, OK  to make an appointment to discuss your insurance needs. 

PPO vs. HMO Health Insurance

Health insurance is a necessity in the present age. It only takes one medical emergency in Ada, OK to empty your savings account. When it comes to health insurance, most buyers will choose between a Health Maintenance Organization (HMO) and a Preferred Provider Organization (PPO). The agents at Moon – Baker Insurance Agency Inc. can help you understand the difference between HMO and PPO health plans. 

What Is HMO Health Insurance?

An HMO insurance plan is coverage that provides financial protection for doctor-approved procedures. Those with HMO plans typically pay less in monthly premiums. Policyholders must, however, remain within the network to get the full benefits of their plans. 

Some consumers prefer health plans that do not require a primary physician’s approval before treatment is rendered. There is also the matter of remaining within the network, which leads to individuals having to choose another doctor if their preferred physician is not in their HMO circle. 

What Is PPO Health Insurance?

Those who want more liberality in choosing providers may select a PPO health plan. This type of policy lets policyholders choose their doctors and does not require a primary physician’s approval before procedures commence. 

A PPO plan costs significantly more than an HMO policy, which is why some may steer clear of this type of health insurance in Ada, OK. Those looking to save money on monthly premiums may not find a PPO plan as beneficial. 

Which Health Plan Is Right For You?

The best way to choose a health insurance plan is with a professional’s guidance. The agents at Moon – Baker Insurance Agency Inc. can help you understand how HMO and PPO indemnity policies work so you can select the plan that best suits your lifestyle. Call today Moon – Baker Insurance today to get started with a quote for coverage.

Should I get commercial insurance for my Ada business?

In the Ada, OK area there are plenty of reasons to start a small business. Those that choose to start a business here will find that the strong local economy and support for small businesses can help anyone be successful. If you do start a business here, you will want to protect it as well as you can. A great way that you can do this is by getting a commercial insurance. There are several reasons to get commercial insurance for your business in the Ada area.

Insurance Gives Valuable Coverage

The main reason that you should get commercial insurance is that it will give you very valuable coverage. A business owner that gets a commercial insurance policy will receive liability protection as well as coverage for your business assets. When you do get a commercial insurance policy in place, it could help to keep your business solvent if any unexpected situations arise.

Coverage is a Requirement

You should also get commercial insurance because it is often a requirement for business owners. If you have taken out a loan, lease a property, or have raised capital to start the company, you will likely have specific commercial insurance requirements that need to be met. By following these commercial insurance requirements, you can be assured that your company will be in compliance. 

Getting commercial insurance for your Ada, OK area business is very important. If you are going to get commercial insurance here, you should reach out to the team at Moon – Baker Insurance Agency Inc. to discuss your insurance needs. The insurance team at Moon – Baker Insurance Agency Inc. can help you understand your insurance needs and options. They can then help you build and choose a policy that will offer the best protection possible. 

Three things you need to know about builders risk insurance

At Moon – Baker Insurance Agency Inc. we provide builders risk insurance to contractors and other building homes in Ada, OK. We’re here to help you learn about this important type of insurance coverage.

The following are three things you need to know about the builder’s risk insurance.

Builders risk insurance covers damage to buildings under construction. 

As buildings are being constructed, it is possible that they can experience damage due to a wide variety of possible causes. Builders risk insurance is a type of insurance that covers building projects for damages before construction is complete. 

Builders risk insurance can therefore be useful to anyone who is building a property. This includes not only future homeowners and contractors but also those in charge of development projects and those who are flipping houses. 

Builders risk insurance policies generally include certain exclusions. 

Those who purchase builders risk insurance must understand all the exclusions that go along with their policy.

A standard builder’s risk insurance policy will probably have coverage exclusions for damage from theft, rust, wear and tear, and a few other possible causes of damage. 

There are various add-on coverages available for builder’s risk policies. 

There are also quite a few options that go along with the builder’s risk insurance policies in terms of add-on coverage.

Some possible add-on coverage options are covered for damage to scaffolding or construction forms. Policies could also include an option for debris cleanup or pollutant cleanup coverage after an accident.  

Are you in need of builders risk insurance coverage in Ada, OK? Get in touch with us at Moon – Baker Insurance Agency Inc. and we’ll help you find the right policy for your unique needs. 

Which home insurance coverages should a new homeowner focus on?

Getting yourself a new abode comes with many considerations. From selecting property taxes to finding a good neighborhood, there are many factors that come into play when buying a home.  However, if you are an Ada, OK resident, you are in luck because Moon – Baker Insurance Agency Inc. is here to answer all your questions.

Which coverages should you focus on?

The home structure

This coverage applies if your house is completely pulled down by a hailstorm, fire, or any other covered peril. The perils covered range from a variety of situations such as vandalism, lightning strikes, and fires. However, coverage does not apply to some situations such as earthquakes, floods, or general wear and tear to a home.

Personal belongings coverage

Furniture, clothing, appliances, and electronics are part of your belongings and are covered in this coverage. While this coverage fully protects the essential items, there are limitations when taking into consideration high-cost valuables. Jewelry, guns, paintings, furs, and other expensive souvenirs should be insured individually under a rider or valuable articles policy.

Loss of use coverage

Additional Living Expenses, also known as Loss of Use Coverage, covers the incurred costs of a policyholder to live in a comparable space similar to their home before they lose it.

Liability

Buying a home insurance policy without the inclusion of liability coverage may not be a great idea. A lot of accidents happen that could lead to expensive lawsuits. That is why it is always important to have coverage that takes care of your liability needs, whether injuries or property damage.

 Don’t wait till a disaster strikes your home to buy home insurance. Home insurance not only protects you and your family but also protects your property and its contents. For quotes, questions, or new policy discussions, feel free to visit or call us at Moon – Baker Insurance Agency Inc. in Ada, OK today!

5 Factors to Consider When Buying Auto Insurance

Auto insurance is a requirement for drivers in Ada, OK. An auto policy from Moon – Baker Insurance Agency Inc. can protect you from accidental injuries, property damage, theft, liability issues, and breakdowns on the road. By carefully considering the following factors, you’re more likely to make wise auto insurance choices.

Coverage

Auto policies in Ada, OK offer numerous types of coverage. By being selective, you can get more accurate protection from your auto policy. If you own a high-end car, for example, you’ll want coverage to protect your vehicle from damage or loss. The right coverage will protect you, your vehicle, and others on the road. It will also meet Oklahoma’s minimum auto insurance requirements.

Insurance Company

By choosing a reputable insurer in Ada, OK, you can get quality coverage, good customer service, and affordable coverage. You’ll also have less trouble filing a claim when you need to.

Payment Options

Consider how you want to pay for your policy, i.e. in monthly installments, semi-annually, or in a lump sum annually. Most insurers offer payment options and provide discounts for paying on an annual or semi-annual basis to help you save money on your policy.

Lifestyle

Choose coverage that matches your lifestyle to ensure you get adequate protection on the road. Your coverage should be enough to cover the risks you face taking into consideration your lifestyle and driving habits.     

Insurance Discounts

If you’re a safe driver, have completed a driving course, have safety features in your car, live in a safe area or drive less than a certain distance daily, you could qualify for discounts on your auto coverage. Ask your insurer to inform you of discounts you may qualify for to save money on your policy.

For more information on auto insurance coverage and costs, contact Moon – Baker Insurance Agency Inc., serving residents in Ada, OK.