How Commercial Insurance Safeguards Your Business from Unexpected Risks in Oklahoma City

Posted on by agentinsure

Owning a business in Oklahoma City, OK, can be exciting. You’re the boss, which means you are responsible for safeguarding your business against risks. Commercial insurance can help with this, and our agents at Freeland Insurance can walk you through the many options.

The Basics of Commercial Insurance

Commercial insurance is unique to every business. Whether you have a commercial building or run your operations out of your garage, an insurance policy is still a must.

A basic policy will provide financial protection against lawsuits, cover employee-related risks, and even safeguard your business assets. If you have vehicles, commercial property, or other unique scenarios, your policy has to encompass those.

Safeguarding Your Entire Business

A policy should be carefully built to encompass every aspect of your business. And as you grow, your policy should be updated to incorporate those new changes.

For example, your physical assets should be covered against everything – theft, fire, vandalism, and even natural disasters.

You should have more liability coverage against legal fees and settlements as you do more business with people. If you stay in business long enough, lawsuits are inevitable.

It’s all about business continuity. If you spend too much on expenses, you may not have a business when it’s all said and done, and our goal is to prevent that from happening.

Explore Policies Today

The goal of any commercial insurance policy is to provide full protection. You don’t want an unexpected risk to sneak up and bankrupt your business. You want to confidently file a claim knowing that the insurance company will take care of all (or at least most) of the costs.

At Freeland Insurance, we specialize in working with businesses of all shapes and sizes in Oklahoma City, OK. Call us today to talk about your business so we can help you insure it effectively.

How to Schedule Coverage for Beloved Possessions

Posted on by agentinsure

At Freeland Insurance, we want our Oklahoma City, OK clients to benefit fully from their home insurance policies. A home policy does more than protect you from financial loss if your home’s structure gets damaged. It also provides liability coverage and protects your personal property. Typical home policies include $1,000 to $2,000 of personal property coverage, but you can increase this by scheduling expensive items.

Understanding Personal Property Coverage

A home policy includes some personal property coverage, but the $1,000 to $2,000 limit may not cover as much as you think. Consider the cost of replacing all your clothing, shoes, computer, cell phone, and television. These items alone could often exhaust the personal property coverage limit. Scheduling coverage allows you to list the items that matter most and would cost the most to replace.

How Scheduling Works

Your home insurance can cover expensive personal property by listing each piece as scheduled coverage. Commonly scheduled items include smartphones, engagement rings, and hobby equipment like guitars or cameras. Scheduling an item insures it at its full value, so if you file a claim, you’ll receive the full purchase price.

Scheduling an item in an insurance policy is similar to scheduling an appointment in your planner. In the policy documents, the item and its value appear as a line item, just like an appointment would in a datebook. While scheduling an item slightly increases the policy’s premium, it covers the item against damage or loss, including theft.

Contact Freeland Insurance Today

Don’t leave your valuable personal possessions unprotected in your Oklahoma City, OK, home. Call us today to update your home policy and schedule coverage for your expensive belongings.

Finding Auto Insurance for High Risk Drivers

Posted on by agentinsure

When you drive a car, it’s your responsibility to purchase auto insurance. There are many options to choose from when buying insurance, and you may have questions. If you live near Oklahoma City, OK, and you want to discuss your insurance options with an experienced insurance agent, our team at Freeland Insurance is ready to answer your car insurance questions.

Insurance for High-Risk Drivers

Some drivers may find themselves with a driving history that places them in the High-Risk Drivers category. According to Market Watch, this can occur for clients who have had an excess of speeding tickets or traffic infractions within the past three to five years. If this is your situation, you might have difficulty when trying to find auto insurance. Oklahoma’s Automobile Insurance Plan will provide you with a list of special insurance policies from companies willing to insure your vehicle.

According to AIPSO, providing services for high-risk drivers has been available through the Automobile Insurance Plan since 1973. You may be interested in learning that AIPSO is a non-profit agency dedicated to providing insurance services for clients who are designated as high-risk. You can find a link to available insurers on the Oklahoma Insurance Department website.

Contact Us Today for Your Appointment

Choosing the right auto insurance options may sometimes seem confusing. If you need additional information to make auto insurance choices and you live in the Oklahoma City, OK, area, you can feel confident asking our experienced agents for assistance. At Freeland Insurance, we want you to be sure you have all the information you need. Call us today for an appointment, and let’s talk about insurance.

What is the Financial Sector?

Posted on by agentinsure

We are all responsible for protecting our financial assets so that we can live comfortably within our means. As time goes by, we also look to our financial future, and our thoughts turn to protecting and increasing our financial assets. If you live in the Oklahoma City, OK, area and want to discuss your financial assets, our staff at Freeland Insurance looks forward to discussing your financial options with you. We have been protecting clients’ financial assets in your area since 2006.

What is the Financial Services Sector

Our company is called Freeland Insurance, but insurance is only one of the many ways that we can help you protect your financial assets. The financial services sector covers businesses that provide economic security (such as banks), brokerages, loan companies, and credit card companies. Companies and their staff perform financial services, while financial instruments are the methods by which those services are delivered to those who need them. These services are offered to individuals and corporations.

According to Investopedia, the International Monetary Fund is the international overseer of the millions of daily individual transactions between buyers and sellers. These millions of transactions – in all their forms – are components of the financial services sector. The Freeland Insurance Group can help you navigate the many types of financial transactions that may benefit you and your family’s financial future.

Call Us Today for Your Appointment

Whether you need financial advice or want to discuss customized insurance policies for life, health, and auto, our agents at Freeland Insurance can help present you with all available options. Our years of insurance and financial experience have prepared us for whatever you may need. Clients in the Oklahoma City, OK, area can feel confident when they place their financial or insurance needs in our hands. Call us for an appointment today.

What Can’t Umbrella Insurance Cover?

Posted on by agentinsure

When you’re shopping for umbrella insurance for your business, you’re likely looking for a comprehensive policy that will serve to cover multiple aspects of your business and ensure that you’re getting the additional coverage you need to operate your company with confidence. But while umbrella insurance is designed to cover most things, even it has its limits. Knowing exactly what your policy won’t cover is just as crucial as knowing what it does so that you can guarantee that your insurance covers any business moves you make. Let’s take a closer look at what umbrella insurance can’t cover before you start looking for coverage with the support of us here at Freeland Insurance in Oklahoma City, OK.

What Doesn’t Umbrella Insurance Cover?

Umbrella insurance covers quite a bit, but there are certain things that you won’t see coverage for. Some examples of things that aren’t covered by umbrella insurance include:

  • Damage to your own property may be present within your building at the time of an accident or major weather event (or even within your home if you operate a home-based business).
  • Acts that are damaging or illegal and done intentionally. This may include theft that your employees engage in.
  • Hacks and similar cyber issues.

It’s important that you take the time to fully assess your insurance options and understand what policies will offer you before you purchase them.

Find Umbrella Insurance With Freeland Insurance

Once you’re ready to take the next steps, we’re here to help. Freeland Insurance in Oklahoma City, OK is your partner in helping you secure the right insurance policy for your business. If you’re interested in umbrella insurance, get started here with Freeland Insurance. Compare quotes today or contact us if you need help finding the right policy for you.

Why You Need Flood Insurance for Your New Home

Posted on by agentinsure

If you’re in the Oklahoma City, OK area and looking for flood insurance, Freeland Insurance is here to help. Even if you don’t live in a flood plain, where your mortgage holder will require a flood policy, having this valuable coverage can still be important. That’s because it can flood anywhere, even though it’s more likely in some places than in others. You don’t have to live in a valley or near a body of water to experience a flood, and you want to be protected if it happens.

The Importance of Flood Insurance

One of the best ways to protect yourself and your home is through an insurance policy that covers floods. Unfortunately, many homeowners think that their standard home insurance covers them for these kinds of events, but that’s not the case. A flood policy is separate from regular homeowners insurance, and our agents will be happy to discuss how this coverage can give you an added layer of protection and increased peace of mind.

Choosing the Right Coverage

It’s often easier than you realize to have more protection for your home when you work with a dedicated agent who can answer your questions and provide you with quotes. We work with multiple insurers to help you get the right policy for your specific situation and can help you compare the available options. Your security and peace of mind are so important, and we can help you protect your new home more fully with the right insurance policy.

Contact Freeland Insurance for Your Flood Insurance Needs

Contact us today at Freeland Insurance if you’re in the Oklahoma City, OK, area and interested in learning more about flood insurance. We’re here to help and want to ensure you have every opportunity to choose the right coverage and keep your home safe and protected for the future.

Company vs Personal Health Insurance

Posted on by agentinsure

Choosing between company health insurance and personal health insurance depends on your situation. Company health insurance, or group health insurance, is a policy an employer provides to its employees. This type of coverage typically comes at a lower cost than personal health insurance because the employer shares the cost of premiums with the employees. Additionally, since the insurer covers a large group of people, premiums tend to be lower than individual plans. Group health insurance is often comprehensive, including coverage for medical care, prescription drugs, dental, and vision benefits.

Employees generally have access to a set of pre-negotiated plan options, allowing them to select the coverage that best suits their needs. Many companies around Oklahoma City, OK also offer supplemental benefits, such as wellness programs, which can enhance the value of the coverage. The downside, however, is that employees have limited control over the selection of insurers and the details of the plan.

Understanding Personal Health Insurance

Personal health insurance is purchased individually and is not tied to employment. This option gives you more freedom to choose your insurer and the specific coverage options that meet your personal or family needs. Self-employed individuals between jobs or whose employers do not offer health insurance often turn to personal health insurance plans.

While personal health insurance offers flexibility, it usually comes at a higher cost because no employer can share the premium burden. Moreover, the plans can be less comprehensive than company-provided policies, and you are solely responsible for managing and paying for the coverage.

Freeland Insurance For Better Understanding of Insurance

Freeland Insurance offers all of the information you need to get insurance. Our agency serves locations in and near Oklahoma City, OK. Call today.

Unclaimed Insurance Benefits Policy Locator

Posted on by agentinsure

When planning for your future, it may not be pleasant to think about how you will pass away someday. However, thinking about it can lead to thoughts of how to provide for the needs of those you leave behind. If you live near Oklahoma City, OK, you can learn more about life insurance at Freeland Insurance.

If you want to be sure the funds from your insurance policy are distributed as you choose, let your beneficiary know they are named on your policy. To ensure the beneficiary will be contacted after your death, update their address with the insurance company, if necessary. If a beneficiary passes away before you, choose another beneficiary as soon as possible.

Unclaimed Life Insurance Benefits

According to the Oklahoma Insurance Department, they become aware of millions of dollars in life insurance benefits that remain unclaimed yearly. The NAIC National Association of Insurance Commissioners) has established the Life Insurance Policy Locator. That program assists the State of Oklahoma in locating the recipients of these funds. 

Since 2019, the Policy Locator has located and awarded funds of over $94,700,000 to over 4,800 beneficiaries. The Locator is a free online service offered by the Oklahoma Department of Insurance. If you believe you may be entitled to unclaimed insurance benefit funds, you can do so via the Oklahoma Department of Insurance website.

Call Freeland Insurance for Oklahoma Life Insurance Options

Choosing a life insurance plan isn’t always easy. At Freeland Insurance, we’ll take the time to explain your policy options and help you make decisions about beneficiaries. Oklahoma City, OK, residents can trust us to offer them the best possible coverage at a premium price that most can afford. Call us for an appointment today, and let’s talk about insurance.

Insurance Guidelines for Your New Franchise

Posted on by agentinsure

Acquiring commercial coverage will protect your franchise from accidental damage and theft. The coverage will also protect you if you are held responsible for an accident at your business.

The Building

Schedule an appointment to have your franchise inspected. The condition of the building that you own will help to determine the overall value of your business.

During an inspection, you will be advised about necessary repairs. Keeping your franchise in the best possible condition will minimize the risk of damage, theft, or injuries at your place of business.

An Inventory

Inventory the furnishings, electronics, and other items you use during normal business operations. It can be beneficial to have a list you can review on your own time.

Once you have taken an inventory, decide which items you want to add to your commercial insurance policy. Valuable items should be considered a priority, and each should be listed in your commercial insurance policy.

Risk Factors

If your building is not secure, your place of business is at risk of being broken into. Identify any risk factors which may necessitate the installation of security equipment.

Assess the location of your franchise as well. If your business is located in a high-traffic area, you may consider acquiring substantial commercial insurance coverage.

More Help

Now that you have reviewed some insurance guidelines, please schedule a consultation with one of our Oklahoma City, OK agents. An agent representing Freeland Insurance will prepare insurance documents for your new franchise.

Homeowners Insurance and Wind Damage

Posted on by agentinsure

If you have lived in the Oklahoma City, OK, area for any period, you’ve likely experienced our intense spring and summer storms. Accompanied by lightning, heavy rain, and high winds, these storms are a common occurrence.

At Freelander Insurance, we assist our clients in managing the risks of these storms, including any losses that may occur during a tornado.

Which specific events does the wind portion of your homeowner’s policy cover?

When considering the consequences of high wind damage, most people first think of roof damage. However, high winds can also damage other aspects of a home, such as siding (wood, vinyl, and aluminum), doors, windows, and more.

High winds can also cause trees to fall, potentially causing damage, knocking down fences, damaging outbuildings, or causing damage from flying debris. If unsecured flying debris leads to an injury to someone, the liability portion of your homeowner’s insurance policy can be invaluable. For more information, please check your policy. 

Excluding your homeowner’s insurance deductible, each situation is likely covered under your primary homeowners’ insurance policy.

A note on flood insurance.

While your home insurance policy likely covers wind damage, you must be aware that it probably does not include associated flood damage. Flood insurance, a separate coverage, is managed through the Federal Government’s Flood Insurance Program. As more homes become susceptible to flooding, it’s an option that deserves consideration.

Contact us for a quote today.

For those living in the Oklahoma City, OK, area, we at Freeland Insurance encourage you to contact us. We can review your policy and ascertain your coverage and limits. If you wish, we can also provide a quote for new coverage.