Moon-Baker Agency

130 E Main St
Ada, OK 74820

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How much would it cost for a single accommodation house in Burlington, North Carolina, If I plan to insure it?

If you live in your own home or rent a place, then the one thing you have in common is the need to insure against a loss. Some people have chosen to live in single accommodation homes that house one or more people in an agreed fashion. They will also have the need to insure their personal belongings from a financial loss. Here is some information that you will need to know about how to protect your items for little cost to you.

Home Insurance Can Protect Your Personal Belongings for a Cost

·         In order to understand the cost of insurance and how it can affect you, then you must know how the policy works and what affects its costs. The cost of home insurance is driven by what it would cost to replace the home itself.

·         Another form of home insurance is called renter’s insurance which protects mainly your own personal belongings.

·         The cost of renter’s insurance is driven by how much personal belongings you need to insure. Renters insurance is one of the cheapest home policies that you can buy. For instance, 100,000 dollars in coverage may only cost you a couple of hundred dollars per year.

·         One other policy to be aware of is called the condo policy. A condo policy insures the inside of the structure as well as your personal belongings. The cost is similar to that of renters insurance but has extra coverage for you.

If you live in the Ada, Oklahoma area and have any questions about home insurance, then you need to plan on calling your independent agent today. As your agent we can help answer all of your questions. It’s important that you give us a call so that we can give you specific details for your circumstances so we can help get you the right policy for your circumstances.

In a total loss condition in Ada, Oklahoma, What if I owe more than the Truck is worth?

If you own your car and have a loan on the vehicle, then there is a good chance that the amount of the loan is a lot more than the true value of the car. In order to help protect yourself from this silent hazard you can select a benefit on your car insurance to keep you from having to pay the difference. Here is some information about the protection you can get called gap insurance.

How Gap Insurance Works For You

·         If you have a loan that is worth more than your truck and the truck ends up getting totaled in an accident, then without the right protection you would have to pay the difference between the amount of the loan and the value of the truck.

·         Gap insurance is something that can be placed on your current policy to help pay the difference between the two values.

·         The way gap insurance works is that the benefit covers the gap of value between your truck and the loan. If the truck is totaled and the value is paid to the loan company, then gap insurance would pay what you owe on the loan.

·         Gap insurance keeps you from suffer a major financial loss and is beneficial to have on you auto policy.

If you live in the Ada, Oklahoma area and have questions about the condition of your auto policy, then you need to contact your independent agent today. Whether your policy is a commercial policy or a personal auto policy, we can help answer your questions. It’s important that you give us a call so that we can give you specific details for your circumstances to help you better protect you and your family.