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Ada, OK 74820

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Can I negotiate a denied Auto insurance claim in Coalgate, Oklahoma?

It’s not uncommon for an auto insurance provider to deny a claim. There are several reasons why this may happen, ranging from insufficient evidence to support a claim to car damage far exceeding policy limits. Depending on the circumstances, it may be possible to negotiate with your insurer to reconsider a denied claim, but it may take a bit of work to have it done.

If you feel that your claim was denied in bad faith, the first step is to gather as much proof as possible supporting your claim. Police reports, photos and witness statements add weight to your insurance claim. You’ll also want to contact an attorney who specializes in resolving auto insurance denials. Most attorneys offer a free consultation, making this an ideal step that will help give you a better idea of the options at your disposal.

One option involves filing a complaint with the state’s Consumer Assistance/Claims Division. As stated in the Oklahoma Insurance Consumer Bill of Rights, the insurer has to respond to the complaint within a 30-day period after the division receives the claim. A more expensive option involves hiring an attorney to pursue a bad faith claim case in small claims court. This is often considered a last-resort measure due to the expense involved.

Your insurer may offer to settle the dispute via mediation, a non-binding alternative dispute resolution between yourself and the insurance company mediated by a third party. This process is less expensive than arbitration and in most cases you’ll be able to come to a mutually agreeable settlement with the other party.

Before making your decision, contact us to speak to your Coalgate, Oklahoma independent agent. Your agent may be able to offer alternative options that work in your favor.

Disclaimer: The content of these blogs do not represent any type of specific coverage’s offered by the agency.

My Car is Stolen and the Garage is Left Damaged, Should I use Both Auto and Home Insurance Policies to Claim for the Losses in Sulphur, Oklahoma?

When a car is stolen from your garage, it may seem like a complicated situation. You may worry about whether to use your auto insurance to pay for the loss of the vehicle or if it is appropriate to use your homeowner’s policy. Although the details of any policy can vary, in most cases a combination of both policies is appropriate to handle all of the damages that are incurred.

Auto Policy for the Car

A lost or stolen vehicle is often covered under an auto insurance policy in Sulphur, Oklahoma if you have a comprehensive policy. If you do not have coverage for theft in your auto policy, then it may be possible to make a claim for your stolen vehicle with your homeowner’s insurance since it was taken from your garage.

Repairing the Garage

Regardless of whether your vehicle is covered under your auto policy, the repairs for your garage may be claimed on your homeowner’s insurance. Depending on the type of garage, the amount of funds available to repair the damages may vary. A detached garage usually has a set percentage of the total policy amount, such as 10 percent, while an attached garage is considered part of the house.

Make a claim with the homeowner’s policy to repair the garage and any other damages to the house that occurred during the theft.

When a car is stolen from your garage, it can seem like a complicated situation. Although the vehicle may be covered under your auto policy, the damages to your garage should be covered by your homeowner’s policy. To learn more about making a claim, contact us to talk to an independent agent.

How Are Auto Insurance Rates Determined for Extremely Rare Cars Like the Bugatti, Veyron, or Fisker Karma in Ada, Oklahoma?

When purchasing (or owning) a classic, vintage, or antique car is something you desire, you may be looking for one of the best models on the market and negotiating a fair price. Before you make that purchase, though, it is important to consider insurance for it. Like any high-priced valuable asset, you’ll need to have proper insurance not just to drive the vehicle, but just to protect its value.

When you own a very rare car, like any of these, it is critical for you to have insurance to maintain protection and value for the vehicle in the long term. First, consider if you plan to drive it. Any car that’s on the road will need at least the minimum required liability insurance to keep you driving legally. However, that is far from the only protection you need.

You can get discounts for limited mileage vehicles. These are cars that are on the road very minimally. You don’t need a lot of insurance to protect them in terms of liability, but you still need to consider what would happen if you were in a significant accident in this vehicle.

Rare car insurance is for a vehicle that’s very in limited supply. Getting the right balance of insurance is difficult in this situation. You want affordability since it may be sitting in a garage most of the time, but you also need to protect it as the large investment that it is.

The best route to take when shopping for rare auto insurance in Ada, Oklahoma is to work with an independent agent who can help you to find the right balance of insurance for your needs. You’ll be able to compare policies from multiple agents until the right price point is found.

Can I get Motorcycle Insurance with Only a Learner’s Permit in Ada, Oklahoma?

When you obtain a motorcycle learners permit in Ada, Oklahoma, it is important to obtain coverage before you get on a motorcycle. Even though you may not yet have a license to operate the vehicle without guidance, a learner’s permit means that you are allowed to ride the motorcycle for instructional purposes. If you are driving, then you must have some basic coverage to protect other drivers and your potential injuries.

Appropriate Coverage

The appropriate amount of coverage may vary based on your specific plans for your activities. Although a basic policy provides some liability protection and personal injury protection, you can seek a greater amount of coverage to protect any passengers riding on the back of your motorcycle or protection against theft and vandalism.

Depending on your plans and concerns, the amount of coverage that you want to obtain may vary. Ideally, you want to protect your assets from any concern that you identify.

Comparing Policies

Before you finalize a policy, it is usually best to compare your options. Insurance companies offer a variety of different types of policies and options, so comparing the policies as well as the prices can help you identify the appropriate plan for your specific concerns.

Working with an independent agent can help you narrow down the choices based on the factors that you identify as the most important. An agent can answer questions about the policies and give you an instant comparison of different companies so that you can pick the best insurer for your goals.

A learner’s permit means that you are able to get on the bike and drive, which means that you must obtain appropriate insurance. Contact us to talk to an agent about insurance options that are available.

How do you sell a life insurance policy that you already own?

If you decide that you no longer want or need a life insurance policy that you own, you may be able to sell it in the secondary market for life insurance. Life settlement companies buy existing policies from individuals who are interested in converting a future benefit into an immediate cash payout.

Life settlement companies are not insurance companies. They are investors whose business it is to buy existing life insurance policies and earn a return on their investment. In order to sell your life insurance policy, it must first be valued. Valuation is determined by a number of factors that include the face value of the policy, the cash value, and your life expectancy.

After your policy is valued, one or more life settlement companies may be interested in making you an offer for your policy. The amount they offer will be more than the surrender value of your policy, but less than the death benefit amount. Having a shorter life expectancy will increase the dollar amount of the offer. If you are 80 years old and only expected to live for three more years, you will get a higher percentage of the face value (death benefit) of the policy as opposed to being 70 years old and having a 10-year life expectancy.

When you sell your life insurance policy, the buyer becomes the owner and beneficiary of the policy. The new owner must continue to pay the premiums up until your death in order to be able to collect the death benefit. If you should live longer than expected, the return to the buyer is less, Conversely, if you should die sooner than expected, the buyer will earn a greater return on investment.

If you are considering the sale of your policy, make sure you get your policy valued and get offers from multiple parties interested in buying your policy. The secondary market for insurance is competitive. Just like you benefit by getting multiple quotes when you need auto insurance, you will benefit when you (your broker) solicit offers from multiple interested buyers.

About Moon Baker Insurance Agency in Ada, OK

Buying insurance to protect your assets, finances and family can seem complicated when you are not sure about the best plan for your goals. That is where the Moon Baker Insurance Agency in Ada, OK can provide the assistance and information that you need. The agency offers the tools, information and professional advice that makes it easy to compare your options and select the right policy for your goals.

Assistance that is Provided

An insurance agency offers more than just the comparison services that you may expect. You can also obtain assistance when it comes to making a final decision or learning more about the policies that are appropriate for your current situation and goals.

Professional agents will explain the details of a plan if you are unsure about the coverage or have concerns about the terminology. You can also ask questions about specific details or ask for advice if you are concerned about making a decision.

Using the Tools

Along with the professional services that are offered by an agent, you can also make use of online tools to quickly compare auto insurance and home insurance policies. The online comparison tools allow you to specify the type of policy that you want to purchase and then compare plans based on the information that you have provided.

You can also talk to an agent if you want more clarification on a policy after you have used the tools so that you can be sure that the plan you are purchasing is the best option for your situation.

Buying insurance does not need to become a complicated and drawn-out process. With an agency providing the assistance that you need, it is easy to compare the rates and find an appropriate plan. To learn more, contact us today.

Does Motorcycle Insurance Cover Dirt Bikes?

One of the questions that we at Moon – Baker Insurance Agency Inc., serving the greater Ada OK area, are asked is what types of items are covered by motorcycle insurance. We are often asked if motorcycle insurance includes things like motorized bikes, dirt bikes and mopeds. If you are looking to insure something that is not exactly a motorcycle, but may be classified as one, you will want to read on to learn more about this topic. 

Does Motorcycle Insurance Cover Dirt Bikes? 

Most insurance policies allow any type of motorized bike to be classified as a motorcycle for the purposes of insuring the bike. This includes motorized bikes, mopeds, dirt bikes and in some cases, even motorized scooters. However, every single insurance company is different and the policies offered are different. While most do cover a dirt bike under a motorcycle policy, others will only cover it if the bike has the power to exceed 35 miles per hour and has a certain horsepower. If it does not meet these requirements, it may be insured under a toy insurance policy, rather than a motorcycle insurance policy. 

Another factor that may be looked at when determining whether your dirt bike can be covered under a motorcycle or toy insurance policy is whether the bike is street legal. If the bike is street legal and can be registered in your state, a motorcycle insurance policy may be appropriate. However, if your bike is not street legal, a toy insurance policy may be the preferred type of insurance. 

If you are looking to obtain a new motorcycle insurance policy, in the greater Ada OK area, to cover a motorcycle, dirt bike or moped, contact Moon – Baker Insurance Agency Inc. We can help you determine whether your bike qualifies for insurance coverage and which type of policy will best meet your needs. 

How to Choose Health Insurance

When it comes to choosing health insurance, there are many factors that you will want to take into consideration. From knowing which doctors are in your coverage to assessing the different copay options, these factors will determine which plan is best for you and your family. Let’s take a closer look at a few tips for knowing how to choose health insurance. 

Which doctors are covered in your policy?

Did you know that some health insurance plans will provide coverage for almost any doctor? These plans, of course, seem like the most advantageous to have, but you must also look at other factors, such as their copay rates. Other plans provide coverage for a limited number of physicians located at certain locations, and if you opt to go out of this covered area, you may have to pay a fee. 

What is a copay?

No matter the health insurance plan that you choose to buy, there is a good chance that it will require you to pay a copay for certain services. You, of course, want to make sure the copay is something that you can afford. For example, if you go to the doctor once a month and your copay is $80, this is quite expensive. If, however, your copay is only $15, this can save you a considerable amount of money. You always want to make sure your policy has a reasonable copay for doctor visits and medications. 

What is the deductible?

In addition to a copay, you will be required to meet a deductible each year before coverage kicks in; this does not apply to all plans, must most plans do have some type of deductible. Just like auto insurance, the lower the deductible, the higher the monthly premium rate will be. 

To learn more about health insurance, contact Moon – Baker Insurance Agency Inc. serving the Ada, OK area. 

I Have Car Insurance, So Why Do I Need Motorcycle Insurance?

You own a car and a motorcycle. It may be tempting to think that your automobile insurance will provide coverage if you are involved in a collision on your motorcycle. After all, your automobile insurance covers you when you’re behind the wheel of someone else’s car or a rental car, so why wouldn’t it cover you while driving your motorcycle?

Automobile Insurance Doesn’t Cover Motorcycles

In order to legally ride your motorcycle in Ada, OK, you must have a separate insurance policy for your motorcycle that lists you and any other rider who might use it. Your automobile insurance doesn’t cover injuries or damage to your motorcycle, and you won’t have liability coverage. In the event of an accident, you would be responsible for all damages.

Motorcycle Insurance Coverage is Different From Car Insurance

Statistics show that, in the event of a collision between a motor vehicle and a motorcycle, the brunt of the damage is sustained by the motorcycle rider, so you need and insurance policy which covers medical expenses, repairs to your motorcycle, as well as coverage for lost time at work.  

When looking at motorcycle insurance coverage, Moon – Baker Insurance Agency Inc. recommends you look for the following:

Collision Coverage

Whether you collide with another vehicle or have an accident on a slick Ada, OK road, significant damage can be done to your motorcycle. You need a policy that will repair your motorcycle’s damage.

Liability Coverage

Most motorcycle accidents are the other driver’s fault, but it’s still imperative that you maintain adequate liability coverage. Your motorcycle may not cause as much damage as other motor vehicles, but you could hit a bicyclist or pedestrian. Protect your assets by purchasing liability coverage similar to your car insurance amounts.

Comprehensive Coverage

What will you do if your motorcycle is stolen, consumed in a fire or damaged by water? Collision and liability coverage will not cover these events.

Medical Payments

Unless your health insurance will cover your medical bills, you need medical payment coverage in order to ensure you get the treatment you need if you suffer personal injury in an accident.

For more information about how to determine the motorcycle coverage you need, or for answers to questions about your automobile insurance coverage, call Moon – Baker Insurance Agency Inc. today.

How to Find the Right Kind of Commercial Insurance for Your Business

The first factor you have to consider when trying to find the right kind of commercial insurance for your business is the value of the items and the store itself. For example, if you have a jewelry shop with plenty of expensive jewelry, you will likely want a different level of coverage than if your business is a fast food restaurant. Fast food restaurants have items of different monetary value than jewelry stores, obviously. Additionally, you will want to evaluate how much the business location itself is worth and tailor your coverage to that amount. This is true even if you operate in Ada, OK.

Another factor to consider when you are trying to find the right kind of commercial insurance for your business is the relative risk of the area. If you operate your business in an area that has a higher risk of property damage or theft, then you will want to compensate for that with sufficient commercial insurance. Conversely, if your business operates in a fairly safe area, then there is not as much need for such insurance. Ada, OK is one such place where a larger amount of commercial insurance might be needed to ensure your business’s financial security.

A third factor to consider when you are trying to find the right kind of commercial insurance for your business is the local laws and regulations. Since these change frequently, it is important to consult a reputable insurance agency such as Moon – Baker Insurance Agency Inc. The insurance agents of Moon – Baker Insurance Agency Inc. are very knowledgeable about the local laws and regulations surrounding commercial insurance. With their expert help, you will not have to worry about violating any laws or regulations. This will allow you to proceed with your business free of worry on that subject.