Month: April 2014

Buying a home in Ada, Oklahoma does not necessarily mean that you are purchasing a property that was owned by an individual who lived in it for an extended period of time. In some cases, you may choose to purchase a vacant property that you intend to fix up and work on before moving into the property. When the property is vacant, it is still worth the cost of insuring the buildings because of the possible damages that may occur.

Risks to Vacant Buildings

The risks to building that are vacant can vary based on the location, but may include vandalism, theft, break-ins and damage to the property. Even if the building is only temporarily empty while it is under construction or working on fixing up damage that was incurred before the purchase, it is still necessary to purchase insurance that keeps the building safe from potential hazards.

Buildings Designed for Renting

When a building is purchased with the intent of turning it into a rental property, the appropriate coverage may differ slightly from a property that is intended for personal use. The insurance plan on a rental property may not protect vacant buildings for more than a few months, so it may be necessary to buy additional coverage until a tenant is ready to move in or the building is prepared for renters.

The appropriate plan for the empty property will vary based on the risks, insurers and the purpose of the building. In some cases, coverage plans may offer more flexible plans while other insurers will have limited flexibility.

Protecting an empty property is just as important as protecting a personal house. By taking measures to keep the property safe from crime and damage, it is less likely that complications will arise. To learn more about protecting your property, contact us to talk to an independent agent.

When you are purchasing a home in Ada, Oklahoma, you should be aware that premiums differ for different kinds of homes. Because homeowner’s insurance can be a significant expense, it is important to keep your potential premiums in mind when you are selecting a home. Here, we’ll look at the factors that can cause your homeowner’s insurance premium to go up or down.

What Factors Influence My Homeowner’s Insurance Premiums?

The type of home that you purchase will have the biggest impact on your home insurance. Generally, the more expensive your home is, the more it will cost to keep it insured against damage and disasters. The more square feet you own, the more expensive it is likely to be to insurance your house.

The materials used in the construction of your home can especially have a toll on your premiums. For example, if you use glass in your foundation or have several glass windows, you may find the same types of increases in your premiums. The grade of the materials you use for roofing can also have a significant impact on your rates.

High risk items that can come with your home should also be noted when you are making a purchase. Swimming pools, tree houses, and fireplaces are among the additions to your home that increase the risk of injury or disasters on your property. This risk will be reflected in your premiums.

How Can an Independent Agent Help?

Many times, obtaining the best rates on your premiums is just a matter of finding the right insurance company. An independent agent can help you determine which insurance companies will provide the best premiums and coverage for your home. When you are shopping for a home, it pays to involve your independent insurance agent in the process so that we can let you know which features of your potential home will be of consequence to insurers.

Contact us today to speak with an independent agent who can help you obtain the best insurance rates for the home of your dreams.