Moon-Baker Agency

130 E Main St
Ada, OK 74820

Get Directions
Moon-Baker Agency Blog

How Home Renovations Alter Your Home Insurance

Over the years, you may make home improvements or renovations to your Ada, OK home that alters your home insurance coverage. By reviewing your policy with Moon – Baker Insurance Agency, Inc. you can see if you need to update your coverage to maintain the protection you need. Here’s how home renovations affect home insurance coverage.

Raise Home Value

Major renovations like a kitchen remodel or increasing living space can increase your home’s value. If you insured your home for a certain amount when you first purchased it, you may need to increase the limits of your policy to fully protect your home at its new value. Otherwise, you could fall short of insurance coverage if a disaster were to totally destroy your property. You’ll also need to add your renovations to your policy so they’ll be protected against unforeseen disasters.

Change Premium Costs 

Insuring your home for a greater value and adding renovations to your coverage will increase the cost of your policy. You should be prepared to pay more for the extended protection you need due to changes in your home structure.

On the flip side, home renovations like a new electrical or plumbing system reduce your risk of water and fire damage. This could make you eligible for a discount on your home insurance costs. In like manner, you may qualify for a discount if you install a home security system in your Ada, OK home to improve the safety and security of your property. 

Increase Liability Risk

Adding a pool to your property is a major renovation that will increase your liability risk of accidents. You may need to raise your liability limits to protect yourself against lawsuits that may arise due to a pool accident. 

For more information about renovations and home insurance, contact Moon – Baker Insurance Agency Inc.

Why You Need Auto Insurance in Oklahoma

Anyone that lives in the Ada, OK area will need to have a car in order to get around town. When you are going to purchase a car, you should also carefully consider all of your insurance needs and options. For those that do have a car in this area, having auto insurance is a necessity. There are several reasons why you need to get auto insurance in this state. 

Required by Law

One reason why you need to get auto insurance in Oklahoma is that it is required by the law. Whenever you drive a car on a public road, there is a small chance that you could cause an accident. With any accident, there are bound to be damaged. To ensure that you are able to pay for these damages, the state requires that you carry a minimum level of liability insurance. Those that drive without it will be in violation of the state law. 

Ensures Loan Compliance

Another reason to get an auto insurance policy is that it will ensure you are in loan compliance. Many people today have to take out a loan to purchase a vehicle. If you do decide to take out a loan to purchase a car, the lender will want you to have insurance the whole time. If you do not have this coverage, you could be in violation of your loan agreement. 

Those that are in the Ada, OK area need to make sure that they have auto insurance at all times. When you are looking for a new policy, you should contact Moon – Baker Insurance Agency, Inc. The team at Moon – Baker Insurance Agency, Inc. can help you to find a policy that will ensure you are in compliance with all requirements.