Freeland Insurance

What Can’t Umbrella Insurance Cover?

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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

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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

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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

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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

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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

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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.

Auto Insurance and Rental Vehicles

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Auto insurance coverage often extends to rental vehicles, protecting drivers when renting cars for personal or business use in Oklahoma City, OK. Understanding the written policy is crucial for individuals considering renting a car and relying on their existing auto insurance policy.

Coverage Extension

Many auto insurance policies automatically extend coverage to rental vehicles, offering similar protection to what drivers have for their cars. This includes liability coverage for bodily harm and others’ vehicles or property, as well as damage to the rental vehicle in the event of an accident.

Comprehensive and Collision Coverage

In addition to liability coverage, drivers may have comprehensive and collision coverage extended to rental vehicles. This provides financial protection for damage to the rental car resulting from accidents, theft, vandalism, or other covered perils similar to their vehicle coverage.

Rental Car Insurance Options

While existing auto insurance policies may provide coverage for rental vehicles, rental car companies often offer additional options. These options include collision damage waivers (CDW), loss damage waivers (LDW), and supplemental liability insurance (SLI), which can provide additional coverage and peace of mind for renters.

Policy Limitations

Coverage may vary depending on the rental car’s type, location, and intended use, so you should contact the provider to explain the coverage details before renting a vehicle.

Credit Card Coverage

Credit card companies may have the option of providing rental car insurance coverage as an incentive or benefit to cardholders who use the card to pay for the rental. Depending on the terms and conditions, this coverage may supplement existing auto insurance coverage or provide primary coverage for rental vehicles.

Let Freeland Insurance Give You the Information

Freeland Insurance answers your auto insurance questions and serves the Oklahoma City, OK, region. Call us today for updated information.

Four Questions to Ask About Financial Services Insurance

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As a financial services professional, you shoulder an enormous responsibility. Offering your clients security, value, and peace of mind is crucial. Equally crucial is protecting yourself while doing so, which is where financial services insurance becomes invaluable. If you’re operating in the Oklahoma City, OK area, our team at Freeland Insurance can assist in securing a policy that addresses your needs and provides optimal coverage for your company.

As you explore options, consider asking these four important questions:

  • Is this insurance necessary for all financial service professionals?
  • What kinds of policy options are available?
  • How frequently should a policy be updated?
  • Who can address my inquiries or concerns?

These questions provide a good starting point for learning about insurance options for financial services professionals. Remaining insured and protected is invaluable and brings peace of mind, allowing you to concentrate on assisting your clients on their financial journeys.

Working with our committed agents is ideal when you need answers and want to pick or update a policy. Whether you have just embarked on your career in the financial services sector or have been in the game for a while, securing a reliable insurance policy is of utmost importance.

You don’t have to pick a plan and hope it fits your needs. We can guide you by providing quotes from multiple insurers and helping you choose the best option.

If you’re in the Oklahoma City, OK, area and seeking financial services insurance, contact Freeland Insurance today. We’re committed to ensuring you’re well-protected and enjoy peace of mind.

Your Guide to Umbrella Insurance: What It Does

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The Importance of Robust Liability Coverage with Umbrella Insurance

Residents and businesses in Oklahoma City, OK need robust liability coverage to protect against potential financial and legal issues. Our team at Freeland Insurance is here to help you find suitable umbrella insurance policies and guide you in making informed decisions to minimize risk.

Why You Need Umbrella Insurance

Addressing your company’s liability is crucial, especially if your operation involves hazardous work fields. An umbrella insurance policy can offer an additional layer of liability protection and safeguard from the following:

  • Additional liability concerns: Your other coverage might not cover everything, but umbrella insurance fills in the gaps.
  • Lawsuits: Regardless of the nature of lawsuits, you’re likely to need umbrella protection to cover any incurred fees.
  • High medical payments: If an injured person’s medical expenses are mounting, umbrella insurance can aid your business.
  • Property Damage Costs: Excessive property damage caused by your business or actions is less daunting with an umbrella policy that covers replacement costs.
  • Class Action Lawsuits: Large-scale class action lawsuits could threaten your financial health without the proper liability protection offered by umbrella insurance.

Note: For an umbrella insurance policy to take effect, it must be purchased separately; it doesn’t simply add on to your current policy but stands as its own form of coverage.

Freeland Insurance is Here for You

If you’re a resident of Oklahoma City, OK, and need umbrella insurance for your home or business, contact us at Freeland Insurance today to learn more about your options. We have years of experience in this field and will do everything possible to provide the support you need to protect yourself from lawsuits.

How Private Flood Insurance Policies Compare to the NFIP

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Property owners in the Oklahoma City, OK, area face a critical decision in flood insurance: opt for the National Flood Insurance Program (NFIP) or explore private flood insurance options. Understanding the distinctions between the two is crucial for making an informed choice that aligns with individual needs.

Coverage Flexibility and Customization

One notable advantage of private flood insurance is the flexibility it offers. While NFIP has standardized coverage limits, private insurers provide room for customization. Property owners can tailor policies to meet specific needs, ensuring comprehensive coverage for both structural and personal property.

Competitive Pricing and Discounts

Private flood insurance often comes with competitive pricing structures, and property owners may find cost savings compared to NFIP premiums. Additionally, private insurers may offer discounts. This potential for savings can be appealing to those seeking budget-friendly options.

Expanded Coverage Options

Private flood insurance policies may go beyond the coverage limits of NFIP. This can include coverage for additional living expenses during displacement, landscaping, and outdoor amenities. Property owners looking for a more comprehensive protection plan may find private insurers better suited to their specific requirements.

Faster Claims Processing

In the event of a flood-related claim, private insurers often boast quicker claims processing times compared to the NFIP, primarily due to geographical locations. This efficiency can be crucial for property owners seeking prompt resolution and rebuilding after a flood event.

Consideration of Individual Risk Profiles

Private insurers assess individual risk profiles more intricately, considering factors such as property location, flood history, and mitigation efforts. This personalized approach enables property owners to obtain coverage that accurately reflects their unique risk circumstances.

How Freeland Insurance Can Help You

At Freeland Insurance, we can help answer questions concerning flood insurance. We serve the Oklahoma City, OK, area. Call us today.