Did you know that your Midwest City, Moore, Norman, Oklahoma City, Shawnee, or surrounding area home is most likely the largest investment you will ever make? With all of that money tied up in the property, you need to be sure to take care of it. Your home insurance covers not only your home, but also covers your belongings inside, such as your dining room table, living room furniture, and more. Not only that but it also usually includes liability coverage as well for injuries and property damage caused by you to others.
How much coverage should you have on your home? What about flood insurance, or earthquake insurance? What if you live in a condo, or rent an apartment? You have questions, your Ford Insurance agent has all of the answers, and can shop for the best policy because they are an independent agency.
Do Renters Need A Home Insurance Policy?
Yes, you definitely will need a home insurance policy even if you are renting. This is like a home insurance policy in that it will cover your belongings in your apartment and provides you liability coverage as well. As a renter, you aren’t insuring the building, just your belongings inside the building. Don’t neglect to cover your belongings when you rent, because you are still susceptible to the same things that someone who owns a home is susceptible to.
Wait, You Said Flood Insurance Isn’t Covered on My Home Insurance?
It is true that if your home floods and you don’t have flood insurance, things are not good. Home insurance does not cover flooding, and there is a separate insurance policy that you can get that will cover that. However, you will want to speak with your local Ford Insurance agent to know if you will want to have flood insurance along with your home insurance.
I Live in a Condo, Can I Get Home Insurance?
As a member of the condo association, you will need to make sure that a master policy is in place. This policy is for all of the common areas that you share with other condo members, such as the roof, basement, and other locations. Your association fees or maintenance fees typically cover this portion of the insurance. The other policy you will need is an individual insurance policy for your condo. Like a regular home insurance policy, it covers the belongings that you have inside your condo, such as clothes and furniture, and it also usually covers liability coverage as well. Don’t leave your Midwest City, Moore, Norman, Oklahoma City, Shawnee, or surrounding area home/apartment/condo uninsured, call Ford Insurance Agency today before something bad happens.