Your home is the center of your family life, and protecting that center is essential. Home insurance provides a variety of different types of coverage every home should have. No matter how big or small, whether in the city or the country, your home is at risk every day. Knowing your home insurance is there for you lets you sleep peacefully at night. At S & S Insurance Services, Inc. in Oklahoma City, OK, we are locally owned and operated and work with multiple carriers to provide our customers the best possible choice.
Why should I have home insurance?
If you have a mortgage, home insurance typically isn’t optional. It is required. Your lender will make you have enough to cover your mortgage. Beyond that, home insurance offers a variety of beneficial protections. It will not just help you rebuild your home if it is damaged or destroyed. It will help you afford to replace your contents and have a place to stay while the repairs are happening. Most importantly, it provides liability insurance which protects your assets from legal action against you.
How should I insure my personal possessions?
When it comes to insuring personal possessions, you have two options replacement cost or actual cash value.
- Replacement cost – With this coverage, you will get the amount needed to replace the item at today’s prices.
- Actual cash value – With this coverage, you would get the value of the item minus depreciation.
How do I choose the right deductible?
The deductible is the amount you must pay out of pocket before your insurance policy pays. By choosing a higher deductible, you can keep your policy’s cost lower, but you run the risk of paying more out of pocket. The deductible is payable on every claim.
Contact S & S Insurance Services, Inc. in Oklahoma City, OK for any home insurance needs you may have.