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130 E Main St
Ada, OK 74820

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3 reasons why you may need wedding insurance

There is so much more for weddings than just a celebration. If you have been involved in wedding preparation and organization recently, you may have noticed how the cost to run a wedding has dramatically increased. In fact, organizing a wedding in Ada, OK today is like buying a car–which typically comes with auto insurance. Similarly, you want your costly wedding to be insured as there are a million and one things that could go wrong.

That is why Moon – Baker Insurance Agency Inc. prepared this article. Here are the three primary reasons why you may need wedding insurance.

Cancellation or rearrangement

While it may be the most heartbreaking thing to deal with, the harsh reality is that your big day may end up being pushed to another date. Depending on the reasons, you want to ensure that all the resources put in place are safeguarded. Whether it is the venue, disagreements, illnesses on the caterers, or photographers, it is prudent to be open-minded.

Bad weather

Bad weather is one of the main reasons why many people cancel their weddings in Ada OK. While the weather can be unpredictable, it doesn’t mean that you should lose your money.  Adverse weather can prevent most guests from getting to the wedding venue, causing significant disruption and a few losses in your investments.

Peace of mind

Planning a wedding is not easy. However best you plan it, damages, accidents, cancellations, and losses can still happen and render your once-in-a-lifetime event turns into a nightmare. Wedding insurance helps provide that peace of mind by compensating you in case something goes wrong.

However, organized and well-planned your wedding is, you can never guarantee perfection. With that in mind, it is wise to budget for wedding insurance to help protect your finances. For more information about wedding insurance, feel free to contact Moon – Baker Insurance Agency Inc. today!

Things To Consider When Shopping For Life Insurance

If you are an adult with a spouse, kids, business, house, and any other financial liabilities, you should consider getting life insurance. Life insurance is a guarantee that your beloved ones are financially protected, so you do not have to worry that they will inherit your financial burden after your death. Choosing the right life insurance policy is not the easiest decision. In order to help you, Moon – Baker Insurance Agency Inc. serving Ada, OK has prepared the list of things you should consider when shopping for life insurance:

Duration of the policy

There are two types of life insurance policies to choose one: term life insurance that lasts only for a certain period of time, and universal or whole life insurance that lasts as long as you live. Both of them have advantages and disadvantages, so you should discuss the options with a qualified insurance agent. 

Your beneficiary

A beneficiary is a person, who will receive the proceeds of the life insurance policy The main thing to remember when choosing a beneficiary is to avoid choosing a minor child (children may be unable to receive funds) or an estate (due to tax implications). Your insurance agent will be able to help you to choose the right beneficiary by discussing the available options. 

Your insurance needs

Evaluate your contribution to your family income and dependency of your family members on your income. This evaluation will help you in assessing your insurance needs and picking the policy you really need and can afford. 

Life insurance is not a luxury anymore – it is a valuable investment that is able to protect you and your family. If you are a resident of Ada, OK, or any other surrounding community, the insurance agents of Moon – Baker Insurance Agency Inc. are ready to assist you in finding the policy based on your needs and budget.