I wanted to address a question we’ve gotten a lot of calls on today. Tree damage due to our most recent ice storm. Below are three of our top carriers policies on how they handle tree damage. You will see most policies handle this the same, only the amount of coverage may vary but most are $500.00 for the coverage.

The main trigger for most policies is the tree must fall onto your property and damage it, such as falling onto your house. Just falling in the yard doesn’t generally trigger coverage.

Another common theme with all companies is that anytime property coverage is used, it is generally going to be subject to your deductible. So before you make a claim you would want to make sure it will be worth it.

Safeco tree coverage for debris removal. Coverage trigger is it has to damage covered property.

Debris Removal. We will pay the reasonable expense you incur in the removal of debris of covered property provided coverage is afforded for the peril causing the loss. Debris removal expense is included in the limit of liability applying to the damaged property. When the amount payable for the actual damage to the property plus the expense for debris removal exceeds the limit of liability for the damaged property, an additional 5% of that limit of liability will be available to cover debris removal expense.

We will also pay the reasonable expenses you incur, upto$500, for the removal of trees from the residence premises, provided the trees damage Building Property We Cover. The $500 limit is the most we will pay in any one loss regardless of the number of fallen trees.

Safeco New Quality Plus HO coverage increases Debris removal to 1000 from 500. No more than 500 of limit will be paid for the removal of any one tree.

Travelers tree coverage. Coverage trigger is it either damages a structure or blocks driveway/ramp.

Tree Removal. We will pay your reasonable expense, up to $1,000, for the removal of one or more trees fallen on the “residence premises” as a result of a Peril Insured Against, provided the tree(s):

  1. Damage(s) a covered structure; or
  2. Do(es) not damage a covered structure, but:
    • Block(s) a driveway on the “residence premises” which prevent(s) a “motor vehicle”, that is registered for use on public roads or property, from entering or leaving the “residence premises”; or
    • Block(s) a ramp or other fixture designed to assist a handicapped person to enter or leave the dwelling building.

The $1,000 limit is the most we will pay in any one loss regardless of the number of fallen trees. No more than $500.00 of this limit will be paid for the removal of any one tree.

ASI tree coverage. Coverage trigger is it either damages a structure or blocks driveway/ramp.

We will also pay your reasonable expense, up to $1,000, for the removal from the “residence premises” of:

  1. Your tree(s) felled by the peril of Windstorm or Hail or Weight of Ice, Snow or Sleet; or
  2. A neighbor’s tree(s) felled by a Peril Insured Against under Coverage C; provided the tree(s):
    • Damage(s) a covered structure; or
    • Does not damage a covered structure, but:
      1. Blocks a driveway on the “residence premises” which prevents a “motor vehicle”, that is registered for use on public roads or property, from entering or leaving the “residence premises”; or
      2. Blocks a ramp or other fixture designed to assist a handicapped person to enter or leave the dwelling building.

The $1,000 limit is the most we will pay in any one loss regardless of the number of fallen trees. We will pay no more than $500 of this limit for the removal of any one tree.

 

Russ Lowry, President
Oklahoma Insurance Group, Inc.

 

We have been getting some coverage questions relating to not having power in your house, then if you can go live in a hotel and be reimbursed under your home insurance.

Here is how most all homeowners policies cover loss of use of your property due to loss of power.

They exclude off site power loss, meaning if your power loss is due to ice on lines down the road they do not extend coverage for that. This unfortunately is what happens to most people.

If the failure results in accidental direct physical loss, from a Peril Insured against on the “residence premises” we will pay the loss caused by that peril. So if power loss happens on your property you can have coverage.

Here is an example we’ve had in the agency. We had a client that had a tree fall into a power line on their property, this lead to the power receptacle being pulled out of the house and loss of power. This was covered as it was direct to the house, on the property not down the street.

Hope this helps answer some questions for you or your friends that may be impacted by our recent weather.

 

Russ Lowry, President
Oklahoma Insurance Group, Inc.

 

Considering a Separate Policy for Your Teen? Officer Poer’s Teen Driver Safety Article: Should Your Teen Drive During Family Vacation?

Whether your teen should drive during vacation is a tough decision that most parents face. Depending on whether your teen would be driving a rental car or the family car only complicates the decision, unless the rental car insurance excludes teen driver.

I am a proponent of helping your teen get as much experience as possible behind the wheel with a calm and competent parent. You need to carefully choose the best times for your teen and you to drive in a new location. If this experience is further complicated by driving an unfamiliar vehicle, you need to be very selective about the times your teen drives.

If your teen is the only child on the trip, and both parents have ridden with him frequently and calmly in the past, then you should map out the areas on the journey that you think would help him gain valuable experience. If your teen is one of several children that are in the car, I would restrict his driving to times when short trips with a parent are possible.

Most vehicles now have a GPS or your teen may be accustomed to using his phone for instructions. At least one parent should be monitoring these instructions as well since, in an unfamiliar setting, your teen may turn sooner than appropriate.

I believe the safest approach is for a parent who is familiar with the route they plan to take to be in the passenger seat and preparing your teen for the next turn by giving him adequate notice to adjust both his position and speed. This parent should stay off of their cell phone (except for directions) so that they are not distracted and giving directions at the last minute.

Driving in unfamiliar areas can cause you to inadvertently speed; so help your teen watch for changes in speed limits and other conditions that may be unfamiliar to him. Don’t ever ask your teen to drive when you are in a hurry to get to your destination. This will cause both of you to be overly stressed and not make good decisions.

I wish you a fun and safe vacation and summer!

 

 

Compliments of Your Local Family and Teen Driver Protection Specialist –

Russ Lowry
President & CEO
Oklahoma Insurance Group, Inc.

24/7 Online Help www.Okinsurancegroup.com

Considering a Separate Policy for Your Teen? Officer Poer’s Teen Driver Safety Article: Should Your Teen Drive During Family Vacation?

Occasionally parents who have new teen drivers in their household ask me about the pros and cons of placing their son or daughter on a separate policy. This usually is a reaction to learning how much their premiums are going to increase when they add the child to their policy. They think by separating the teen and his car from their other vehicles, they’ll pay less in premium.

While there may be circumstances where this should be considered, normally I advise them NOT to do so. When you separate the teen and his car from the rest of the family, assuming the family has a good driving history, you’re going to end up paying an even higher premium on the teen driver’s car because it won’t qualify for any of the discounts you may qualify for on your other policies, such as a multi-car discount (can be up to 25%), a home/auto discount, or your good credit discount.

Additionally you will have to buy insurance from a ‘high-risk’ insurer. These companies typically charge rates that are more than double the rates of a standard carrier.

But that is only part of the problem. The bigger issue is that you typically can’t buy limits that are high enough for a teen driver from ‘high-risk’ insurance companies.

If your child causes an accident that exceeds these limits, you will most likely be personally sued by the injured parties. In most states, as long as your child is considered a dependent, you will find yourself potentially liable.

Another potential problem with titling a car in your teen’s name and placing him on a separate policy is the potential confusion about coverage when another family member drives the teen’s car. If this is done on a regular basis, and the family member is not a named insured on the teen’s policy you could unknowingly have gaps in your coverage.

The smartest way to insure your teen driver is on your policy with the highest liability limits available. Depending on your financial situation, you probably should also have an umbrella.

Call our office and we’ll be happy to discuss your particular situation and find the best rates and coverage for you and your family.

 

Compliments of Your Local Family and Teen Driver Protection Specialist –

Russ Lowry
President & CEO
Oklahoma Insurance Group, Inc.

24/7 Online Help www.Okinsurancegroup.com

Business insurance requirements are similar to your average state car insurance requirements. Basic liability is required by many landlords (though not all) in a lease agreement, protecting them in the event that they face lawsuits from customers who are injured on their property, among other legal claims. But it’s up to the individual business owners to decide how much insurance they want to buy to cover their inventory and equipment in case of an accident.

Big box stores such as Target, Starbucks and Apple use their deep pockets to buy policies that cover the entire chain for losses stretching into the millions of dollars, according to Janet Ruiz, director of strategic communication at the Insurance Information Institute.

But for smaller businesses, the amount of coverage can vary widely in terms of deductibles and dollar limits, depending on the type of business, the value of the inventory and the depth of an owner’s pockets. Since landlords don’t require businesses to insure their inventory and equipment against loss, some local owners will forego covering it to save money, then in the case of an accident they are left to cover all of the losses and repair costs on their own.

The Good News, for businesses that purchase property coverage, it usually includes losses from civil disturbances. For those who are insured, packages that include liability and property coverage can be very affordable especially when you compare the total loss of inventory and/or equipment.

It’s based on your risk, for example restaurants, whose kitchens pose fire risks, may have to pay for insurance covering their equipment at a higher rate than an office with little exposure. A small office can get coverage for as little as 500.00 a year for liability and property coverage.

Some leases place the repair of glass on the tenants but many insurance companies offer plate glass coverage as a rider on their policies.  It helps to read your lease carefully to understand what you are responsible for and what you need coverage on.

Until this weekend, the two most costly civil disturbances in the nation’s history occurred in Watts in 1965 and Los Angeles in 1992.

The 1992 unrest was the most costly in U.S. history, causing an estimated $1.4 billion in property damage in today’s dollars, according to the data analytics provider Verisk Analytics and the Insurance Information Institute. The Watts unrest resulted in $357 million in damage, similarly accounting for inflation.

The cost of this week’s unrest has yet to be tallied — but in many cases, businesses will have coverage and be able to survive the damage.

If you haven’t review your lease and policy, if you have any questions please call our office at 405-701-5368 or email us, Mendi is our office manager and will help make sure you are taken care of.

 

Russ Lowry, President
Oklahoma Insurance Group, Inc.

 

My Safeco Auto Refund

 

Hello Russell,

Your Personal Auto Customer Relief Refund of $107.00 is currently being processed. A check has been mailed to you and should arrive in 7-10 business days.

The easiest way to view your refund once posted and update your future billing preferences is through the Safeco app.

What is the Personal Auto Customer Relief Refund?

  • As a personal auto insurance customer, you are receiving a 15% refund on two months of your auto premium, based on your premium amount as of April 7, 2020.
  • Through this program we’ll return approximately $250 million to our customers.

For the latest information on how we’re helping our customers, visit safeco.com/covid-19.

State(s) affected: All

Product(s) Auto, Classic Car, Condo, Earthquake, Home warranty, Homeowners, Landlord Protection, Motorcycle-Off-Road, Pet Insurance, RV, Renters, Umbrella, Watercraft
We at Liberty Mutual and Safeco Insurance are here for you and your customers. Effective March 23, 2020 we introduced a countrywide 60-day billing leniency policy for Safeco personal lines and Liberty Mutual small commercial customers which has now been extended through June 15. This means that from March 23 through June 15, 2020, we are holding all non-pay cancellations.

What you need to know

  • During this timeframe billing will continue, but policies will not go into a non-pay status.
  • Electronic Funds Transfer (EFT), Recurring Credit Card (RCC) and Payroll Deduct customers will be billed as normal. If customers change to direct bill for any reason, they’ll follow the standard direct bill processes.
  • Late fees will not be applied.
  • All return fees for insufficient funds will be waived.

Please continue to check our COVID-19 agent resource page on Safeco Now® for additional information.

To view this from the source, go here

In today’s post I wanted to show you a copy of what you should have received or will be receiving from your insurance company on your two month refund for auto insurance.

Here is my personal email from Progressive, I still haven’t received anything from Safeco but they are rolling out slowly due to the amount of people so I will post as soon as I get it. Then I checked and the credit card I used to pay my bill was refunded the next day after this email.

 

Dear Russ,

As part of our Apron Relief Program, we issued you a premium credit for Policy #xxxxxxxxx on 05/14/2020.

Your credit amount
$72.92

This amount represents a 20% credit of your premium for the month of April. If you keep your personal auto policy active through the end of May, you’ll have another premium credit coming your way—that credit will be issued sometime in June. Check out our premium credit FAQs for more info.

The Progressive app is the best way to stay up to date on all your policy details, including your premium credit. You’ll see your credit listed in your billing history, but here’s a preview of how we applied it:

  • Credits will first be applied to any past due balances. If you don’t have any, then the credit will be applied to your next bill. Or, in the case that your renewal is in process, then your credit will be applied to your renewal payment.
  • If you’ve already paid in full, we’ll return the credit amount to you directly. If your most recent payment came from a personal credit card or bank account, we’ll return your credit to that same card or account. If you used a different payment method (like PayPal or Apple Pay), we’ll send you a check.
  • If you’ve canceled your policy, then we’ll mail you a check in the amount of your credit.

This premium credit is just one of the ways we’re giving back during this difficult time—learn more about the Apron Relief Program on our website.

Stay safe, and thanks for choosing Progressive.