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Renters insurance is a type of insurance policy that provides financial protection for individuals who are renting their living space, such as an apartment or house. Here are some reasons why buying renters insurance is a good idea:

1. Protects your personal belongings: Renters insurance provides coverage for your personal belongings, such as your furniture, electronics, and other valuables. If your possessions are damaged or stolen, your insurance policy can help cover the cost of replacing them.
2. Provides liability coverage: Renters insurance also provides liability coverage. This means that if you accidentally cause damage to someone else’s property or cause injury to someone while you are renting your living space, your insurance policy can help cover the costs of any legal or medical expenses.
3. Affordable coverage: Renters insurance is typically more affordable than other types of insurance policies, such as homeowners insurance. It can provide peace of mind knowing that you are protected in case something unexpected happens.
4. Required by landlords: Some landlords require tenants to have renters insurance as part of their lease agreement. This is because it provides protection for both the tenant and the landlord in case of accidental damage or loss.
5. Natural disaster protection: In the event of a natural disaster, such as a hurricane or wildfire, renters insurance can provide coverage for your personal belongings that are damaged or destroyed.

Overall, renters insurance can provide valuable protection for renters and is often an affordable option for those who want to protect their personal belongings and financial well-being.

Personal service combined with depth of knowledge in the insurance marketplace, and access to a wide range of carriers is the combination of factors that sets Oakwood Insurance apart from its competitors. We not only work in the north metro, but it’s also our home. We strive to support the vibrancy and growth of this community. We want it to thrive, and we want you to thrive. We will review your insurance coverage and help you understand what you have and ensure that it’s the best fit for your goals

 

Take a look at these insurance buying tips for bundling your home and auto insurance policies to ensure you get the best deal!

When you have multiple types of insurance plans with the same insurance company, you have a “bundle” of policies. When you get a discount for bundling your policies with one insurance provider, it’s called an insurance bundle discount.

Policies You Might Bundle

• Home
• Auto
• Motorcycle
• Boat
• Personal Umbrella

Things To Consider When Bundling

Bundling your insurance could provide several advantages. Although these advantages will likely fluctuate by the carrier, the money you save on your policies and the time you save managing your policies are two of the most typical perks of bundling.

Getting numerous separate policies from the same insurer can save you a lot of money. While particular savings are dependent on the insurer as well as the types and number of insurance purchased.

Purchasing multiple policies (home, auto, or motorcycle) from the same insurer can be more convenient than purchasing multiple policies from other companies. Multiple policies can often be handled or obtained from the same insurance agent using the same online account.

How To Get Started

Contacting your insurance agent is an excellent place to start if you’re interested in bundling your coverage. Your agent should be able to assist you in finding the ideal policy combination to meet your coverage and financial requirements.

While saving money on insurance premiums is a desirable thing, the ultimate goal should be to find an insurer that delivers on that promise.

Personal service combined with depth of knowledge in the insurance marketplace, and access to a wide range of carriers is the combination of factors that sets Oakwood Insurance apart from its competitors. We not only work in the north metro, but it’s also our home. We strive to support the vibrancy and growth of this community. We want it to thrive, and we want you to thrive. We will review your insurance coverage and help you understand what you have and ensure that it’s the best fit for your goals.

Spring is the time when many homeowners start to think about and plan for, various home remodeling projects. If you are thinking about updating your kitchen, putting on that new roof, or even landscape projects, it pays to do some pre-planning. Whatever the project, you need to protect yourself from the financial risks and hazards associated with a home remodel project.

• What’s your project? Are you looking to remodel one room or make minor updates to a small space? The type of project determines whether you’ll need a general contractor or someone more specialized.
• Check-in with your local homebuilders’ association. You’ll be able to search contractors within your area and put together a list of potentials.
• Get referrals. Ask your friends, family, and coworkers who they’ve worked within the past. They may have a great contractor you haven’t heard of — or know of a few you should stay away from.
• Prepare ahead. Compile a list of reputable contractors before you need one. The stress of an emergency repair might impair your judgment.
• Get multiple estimates. If the price is a big concern, checking with only one contractor won’t guarantee you the best price. But the cheapest estimate also doesn’t ensure the best work. If you have the time, try and get a second or third quote.

If you plan on hiring a contractor, you should consider these tips to help make sure your project is completed the way you want.

• Plan on permit costs from your local government.
• Ask contractors about their experience with your specific project.
• Make sure the contractor is licensed. You can usually go to the State Contractors Board for this information.
• Provide the contractor with guidelines for working in and around your home.
• Check local directories for recommendations. Yelp can be a good resource.
• Be specific in your project; this would include type of products used and even brands you desire.
• It is ok to get more than one bid.
• The lowest price may not be the best quality.
• Always have a written agreement with your contractor. It should include a timeline and competition date.
• Never pay 100% upfront. It is customary to pay one third down, one third as you go and one third upon completion.
• Go visit other homes on which the contractor has worked.
• Make sure the contractor has liability and worker’s compensation insurance. Your homeowner’s insurance will not cover the contractor or his work. If the contractor causes damage to your home, you will want their insurance to provide restoration. Ask for a certificate of insurance.

When you buy insurance, whether it’s for your home, your car or your business, you want an advocate who will properly assess the risks you face and give you an objective analysis of the marketplace, it’s up to you to make the final choice.

Our team of agents continually pursues additional professional education and certifications. It is our goal to ‘wow’ you with the best service every time you call.

 

While these are responses from large corporations, we take away many   applications for medium and small businesses. Here are some of the risk   issues for 2021. According to a recent AMEX survey, 92% of businesses  pivoted last year, and 76% of small businesses believe they will need to       pivot again in 2021.

Employee Safety– Making sure your business follows all COIVD compliance protocols will be a top priority.

Remote workers– In 2021, remote working and safety measures should become more routine. How            businesses recruit, onboard, train, and terminate employees has changed, some say permanently. How      businesses are dealing with employee burnout, talent management, and allocating will need to be addressed.

IT security– Remote workers will require new IT protocols.

Slow economic recovery– Businesses will need to do planning to manage the recovery in 2021.

Government mandates and regulations – There continues to be increased oversight from the government in healthcare and financial reporting that creates new risk and liability for businesses.

Political and Civil Issues – As seen in 2020, political and civil issues have a direct impact on many small          businesses. Having the right kind of business insurance is important to protect your business in the event of civil riots.

Business Interruption – If your business has a loss and you are unable to operate for a period of time, you will need financial resources in order to get back in operation.

Class actions and COVID-19 Cases- This year has also seen the first class-action lawsuits directly related to COVID-19. Examples include lawsuits against cruise lines that suffered coronavirus outbreaks,

Oakwood Insurance operates as an independent insurance agency, selling an extensive spectrum of           insurance to businesses, families, and individuals.  Our competitive advantage comes from the objective and professional service that we provide our access to a wide range of carriers, and our extensive knowledge of the insurance marketplace.

 

Did you know that floods are the most common form of a natural disaster? Floods cause over 4 billion dollars in damages every year. Here is another amazing fact; the average homeowner has a 1 in 4 chance of having flood damage during the timeframe of a 30-year mortgage.

If your home is in a flood zone, you must buy flood insurance if you want the government to help you after a flood. If you wait until after the flood, you won’t be able to obtain the insurance.

Many mortgage companies are now requiring flood insurance as part of their loan package. A standard homeowner’s and renter’s insurance policy does not cover flood damage. Flood damage is excluded under standard homeowner’s policies

Flood Insurance

Flood insurance is one of the smartest decisions you can make for your home, family, and financial security. Even if you live outside a flood hazard area, your home, family, and belongings could still be at risk.

Flood insurance is available through the National Flood Insurance Program (NFIP) run by the Federal Emergency Management Agency (FEMA). A few private insurers offer excess flood insurance. In general, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you go to purchase coverage, it’s already too late. You will not be insured if you buy a policy a few days before a flood.

What Flood Insurance Does Not Cover

As with all insurance, there are certain things flood insurance does not cover. These include broken pipes, water damaged from sewer back-up, broken toilets, and landscaping runoff.

How To obtain Flood Insurance?

Call our office, and we can provide you with a free quote. Remember, your homeowner’s policy does not cover flood.