Category: Insurance

Oklahoma has been experiencing several earthquakes in recent years. Most have been from the Prague area, but a 5.1 magnitude quake on February 3, 2024, resulted in tremors that affected many Oklahoma City suburbs. Fortunately, no injuries were reported, and damage was limited to items falling off shelves. These earthquakes are due to the underground injection of wastewater from oil and natural gas extraction. Of course, "actions have been taken," but just in case, getting some insurance is a good idea. The next one might be a little bigger. 

Earthquake Insurance

As earthquakes don’t fall under hazard insurance, your typical homeowner’s or renter’s insurance won’t cover damage done by an earthquake. An exception would be if a fire resulted from said earthquake. Then, you would be covered in the fire-related damages. That would include living expenses coverage should you have to evacuate your house until it can be repaired. Earthquake insurance would cover your living expenses should you need to leave your home in the event of an earthquake. It would also cover the cost of repairing or replacing personal property, the dwelling itself, and outdoor structures. Not many people in the South have earthquake insurance, but the incidents near Prague have shown that earthquakes can happen anywhere. If an earthquake destroys your home, you will need ample insurance to rebuild it. 

Vance Insurance Group LLC Serving Oklahoma City, OK

If you live in the Oklahoma City, OK, area and think earthquake insurance would be prudent, please get in touch with Vance Insurance Group LLC. Our knowledgeable and helpful agents will aid you in finding the insurance policy that would best suit your needs.

Owning a classic car can be a good idea for anyone that is a car lover in the Oklahoma City, OK area. Not only are they fun to drive, but they can be a good addition to your personal investment plan. If you do purchase one of these vehicles, it would be a good idea to also get the right coverage for it.

There are various reasons to get a classic car plan when you live here:

Coverage for Vehicle

An important reason to have classic car insurance when here is so you can cover your vehicle. A classic car can be a significant investment that can appreciate in value. Due to this, you will want to be assured that your vehicle is appropriately protected and covered with insurance. If you get classic car insurance, it will provide this coverage up to the full market and collectible value of the vehicle.

Liability Coverage

You should also get classic car coverage to benefit from the liability coverage it provides. Most owners of these vehicles will likely not drive them frequently. However, whenever you do drive them, you will need to have insurance for it. With a classic car plan, you will get this necessary liability coverage. Since you are likely to drive this car sparingly, the premiums will reflect the fact that your actual risk of causing an accident during a policy period is lower. 

Contact Us Today

If you do want to get a classic car, getting the right insurance for it is important. When shopping for this coverage, it would be wise to call Vance Insurance Group LLC. The team with Vance Insurance Group LLC has helped many in the Oklahoma City, OK area assess their insurance needs and explain why they need this unique type of coverage for their classic cars. 

A motorhome is an excellent investment for travelers as well as people who choose to live in them full-time or part-time. If you own a motorhome, Oklahoma state law requires you to pursue and maintain liability motorhome coverage. Much like car insurance, liability motorhome coverage is important because it gives you an extra layer of protection in the event of something happening to your motorhome. That includes incidents that may otherwise be out of your control.

You may experience a collision while you are on the road, and you will need to have liability insurance to protect your property.

Liability Motorhome Coverage

If you are living in your motorhome and simultaneously using it as your vehicle, liability coverage can cover your RV in a similar manner as would home insurance as it serves both purposes. Being in your motorhome full-time gives you a plethora of additional reasons to protect it, as it is your home and your transportation.

You may also make mistakes at the wheel and cause collisions or damage to someone else’s property; in order to cover this, you will need liability coverage.

Our team of experts at Vance Insurance Group LLC in Oklahoma City, OK is here to offer you the motorhome coverage you need for your vehicle. With several years of experience in the independent insurance field, we are more than capable of assisting you with your liability insurance needs and making sure that you and your motorhome are secure.

Give Us A Call

Contact us today to keep your motorhome legal and protected. You never know what could happen, and you want to protect your investment and your safe haven. Email or call Vance Insurance Group LLC in Oklahoma City, OK to learn more and to receive all the coverage you need.

Owning a classic car is more than just a hobby. It’s a passion. It requires time and effort to keep these beauties in pristine condition. Also, it requires more investment. Classic car coverage is one such investment you shouldn’t cut corners on. Vance Insurance Group LLC in Oklahoma City, OK understands the value of classic cars and provides classic car coverage that is specifically made for classic cars.

What makes classic car coverage different than other auto insurance coverage? In this post, we’re going to share with you the classic car coverage difference.

Regular Auto Insurance

First of all, just like regular auto insurance, classic car coverage provides the standard automobile coverage like:

• Collision insurance
• Comprehensive insurance
• Bodily injury liability
• Property damage liability
• Uninsured/ underinsured motorist

As you can see, with a classic car policy, you still get the same types of coverage as typical auto insurance. The difference lies in the amount of coverage and other specific details.

The Classic Car Coverage Difference

Since classic cars cost more than the average everyday use vehicle, the coverage of a standard policy may not be enough coverage. Therefore, classic car coverage offers more protection.

Here’s how classic car coverage differs:

• Agreed value- Locking in the value of your classic car at the time of policy purchase
• Tiered mileage plans- Saving by limiting mileage
• Spare parts coverage-Backup parts are hard to come by

Classic Cars Need Classic Car Coverage

As you can see, your classic car needs a specific type of coverage not provided by a standard auto insurance policy. Classic car coverage makes protecting the investment you’ve made in your classic car possible.

Contact Vance Insurance Group LLC in Oklahoma City, OK to find out more about classic car coverage.

Motorhome insurance is an investment when it comes to protecting one of your valuable assets. A motorhome straddles the fence between being a vehicle and being a home for insurance purposes, so it makes sense that you may have some questions. Vance Insurance Group LLC serving Oklahoma City, OK is here to answer any queries you might have.

Is Auto Insurance Enough?

The most straightforward answer is no, it is not. While a motorhome is a vehicle in that it transports you from place to place, it is also a home. Therefore, it requires additional insurance that isn’t covered by a standard auto policy. Liability is one such insurance. Contents and property insurance is another.

What About RV Insurance?

RV or recreational vehicle insurance is an option when it comes to getting motorhome insurance. A motorhome is considered a type of recreational vehicle. It is an excellent possibility if you travel a lot in your motorhome, and even if you don’t, it may be more suitable than standard auto insurance.

What About Liability Insurance?

Liability insurance is a crucial aspect of any insurance policy. Make sure that you have enough liability coverage for vehicular accidents and incidents, and liability insurance that is more suitable for a home. Guests who visit you in your motorhome are not passengers, making additional liability insurance necessary to provide financial protection if something goes wrong.

Take action!

When your vehicle and your home are the same, it is vital to ensure that you are adequately covered from an insurance perspective. Oklahoma City, OK has unpredictable weather, and any severe damage could leave you without transport and a place to live. Speak to the knowledgeable folks at Vance Insurance Group LLC about your options today!

Based in Oklahoma City, OK, Vance Insurance Group LLC serves the community by offering residents multiple types of insurance policies. We are committed to helping our clients find policies that will allow them to enjoy peace of mind.

Common Motorhome Insurance Myths

As you travel through Oklahoma City, OK, and enjoy everything that the city has to offer, it’s important that you have coverage in the event of an emergency. Motorhome insurance covers you if your motorhome breaks down and you need assistance. The policy also covers your personal items inside the motorhome if they are stolen or vandalized. Storage coverage protects your motorhome while you are camping.  While you are researching different policies, avoid some of these common motorhome insurance myths.

You Can Rely On Your Auto Insurance

This is incorrect. In order to properly secure your motorhome, as well as your possessions inside of it, you need a motorhome insurance policy. You cannot cover your motorhome through another type of policy. Motorhome insurance provides comprehensive coverage.

All Coverage Is The Same

Motorhome insurance varies based on the type of vehicle that you have. If you have a small motorhome, your policy will be different than if you have a larger motorhome. Your policy may also vary based on the amount of traveling that you do in your motorhome.

I Can Use Travel Trailer Coverage For Everything

This is incorrect. If you are renovating your motorhome, you cannot use travel trailer coverage to protect your belongings. Only a comprehensive motorhome insurance policy will cover everything.

Vance Insurance Group LLC Is Here For You

Visit our website today to learn more information about motorhome insurance.