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Ada, OK 74820

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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.


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.


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.


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.

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.

How Should I Select a Health Insurance Plan?

Health insurance plans have a tendency to become very complicated, very quickly. This is partly because the healthcare world is an array of services and partially because each insurance plan has its own terms. It’s also difficult to find someone to talk to about it in Ada, OK. If you call up your doctor’s office to talk about it, the staff may only be so helpful. Even as healthcare evolves though, there are a few staples to consider before selecting a health insurance plan for you. 

How You’ll Use It 

Your health insurance plan is good for a year, so now is a good time to think about what that year will look like. If you’re planning to start a family soon, you’ll need healthcare coverage that will account for all those prenatal visits. If you’re inching up there in years, you might be more at risk for certain conditions. You can only predict so much, but the idea is to estimate how much healthcare you’ll need and how you’ll consume that healthcare. 

For instance, will you be seeing your primary doctor or a specialist doctor in Ada OK? Will you stay away from the doctor altogether unless you encounter some sort of serious emergency? Whatever the answer is will give you the means to opt for a simple or more complicated plan. 

Talk to Moon – Baker Insurance Agency Inc.

There are a lot of dangers with choosing a plan based on nothing more than the premium. Instead, you can talk to a friendly staff member at Moon – Baker Insurance Agency Inc. to understand more about what you qualify for and how you can tailor your healthcare plan based on your individual health. We’re here to make the process easier, so contact us today. 

When Is Medicare Supplement Insurance Right for Me?

If you live in Ada, OK, Medicare can already be confusing. Adding an additional supplement may seem even more confounding if you’re already overwhelmed. But Medicare supplement insurance can be a smart choice for some individuals. Moon – Baker Insurance Agency Inc. wants you to know more about how it works and when it’s right for you. 

How Medicare Supplement Plans Work 

Medicare supplements work in much the way that a normal policy might, in that the terms and specifics will vary based on the individual and their location. However, it will usually cover more out-of-pocket costs that are already associated with Medicare, like copayments. The percentage that your plan covers already may be a sizeable portion of your total costs, but consider how much you could spend in a year on the uncovered portion. It only takes one serious hospitalization to end up owing far more than you realized you would need. 

Additional Considerations 

If your doctor or hospital takes Medicare, they will also take the supplemental insurance as well. There will also be an underwriting process for your application for supplemental insurance, even though you’ve already been through the same process when applying for Medicare in Ada, OK. This is important to know before you decide one way or the other if it’s a good fit for you. 

Finding Help

Not everyone will benefit from Medicare supplement insurance, but it’s usually worth exploring if you want to make smarter decisions for your long-term needs. Moon – Baker Insurance Agency Inc. wants you to have as much information as possible, so give us a call whenever you’re ready to find out more about the details of this option. We’re here to give advice and lend a hand to the people of Ada. 

Understanding Builders Risk Insurance

Construction projects are often very complex as builders risk insurance is essential to protecting your investment. Often, newcomers to the industry get confused with the working definition of the coverage provided. Speaking with Moon – Baker Insurance Agency Inc. of Ada, OK will help to get a better understanding of builder’s risk insurance and how it’s the backbone of your construction business.

What is Builders Risk Insurance

Builders risk insurance is specialized coverage for a structure under construction. However, no two building projects are alike, so the coverage will differ. The goal of builders risk insurance is to help a construction company with work property (materials, supplies, and equipment) damage losses due to severe rainstorms, unexpected explosions, theft, vandalism, and other natural disasters. Usually, the wording of the coverage is dictated by the construction project itself. Typically, the length of a builder’s risk insurance policy expires on the expected completion date of the project.

What Does Builders Risk Insurance Cover?

The coverage offered by the builder’s risk insurance policy is strictly for the construction project. Also, covered in the policy are the project’s materials, supplies, and work equipment. Builders risk insurance protects these items on-site, in transit from another location, and if stored in an off-site space. 

On more complicated construction projects, the coverage found in builders risk insurance policy will have a provision for protection on losses that pertain to a failure in meeting the construction project’s deadline. The coverage is designed to protect a business from sales and rental income loss, penalty interest rates on previous loans, and possible pending real estate taxes. As we all come to experience, those expenses will add up quickly when a construction project is delayed. 

Because builders risk insurance is different from each construction project, it’s smart to speak with a member of Moon – Baker Insurance Agency Inc. of Ada, OK. Their experience can design a policy that protects your business needs. Schedule an appointment and speak with someone today. 

Things To Consider When Buying Commercial Insurance

There are many responsibilities associated with being a business owner, and one of them is protecting your business and employees. The best way to do it is to get commercial insurance. It is a type of insurance that protects small businesses and large corporations from unpredictable circumstances. If you are shopping for commercial insurance Moon – Baker Insurance Agency, Inc. serving Ada, OK prepared the list of a few things you need to consider when shopping for business insurance: 

The Type of Business

Considering your type of business when buying insurance is extremely important because it has an impact on your decision. For example, if you own a warehouse where employees deal with hazardous materials, you need to focus on Workers’ Compensation and Liability insurance more that the owner of a bakery or restaurant. Therefore, make sure you take your time to evaluate your type of business and the risks before getting coverage. 

Size of Your Business

Commercial insurance should match the size of your business. For example, if you are the owner of a small company with fewer than 50 employees, a small business policy (also known as Business Owners Policy) is more than enough. If you own a larger corporation, then you might need an additional policy that provides more extended coverage. 

The Terms and Conditions of the Policy

One of the most common mistakes many people do is ignoring the terms and conditions of their policy. Do not be one of them and always read them carefully before signing the papers. If there are certain things that are unclear to you, you can always consult your insurance agent. 

Buying commercial insurance is an important decision. If you live in Ada, OK or any other town or city in Oklahoma, the agents of Moon – Baker Insurance Agency, Inc. will help your business to get the coverage it needs. Give us a call today to find out what we can do for you. 

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.