Oak Trust Insurance

How to Conduct a Home Inventory for Home Insurance Purposes

When it comes to safeguarding your home and belongings, having the right insurance coverage is crucial. One essential step to ensure your home insurance policy is accurate and effective is conducting a thorough home inventory. A home inventory is a detailed list of your personal belongings, which helps you assess the value of your possessions […]

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Understanding the 25% Extended Replacement Cost in Homeowners Insurance

When it comes to safeguarding your home and possessions, homeowners insurance is a vital tool. However, understanding the intricacies of your policy can be daunting, especially when it comes to terms like “extended replacement cost.” So, what exactly is the 25% extended replacement cost in a homeowners policy? Firstly, let’s break down what replacement cost

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The Flood Insurance Imperative: Why Every Home Needs Protection

In the realm of homeowner’s insurance, there’s one often overlooked but crucial aspect: flood insurance. Many homeowners, especially those residing in areas not traditionally prone to flooding, might dismiss the necessity of such coverage. However, the truth is that floods can happen anywhere, at any time, and the consequences can be devastating. In this blog,

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Understanding the Importance of an AM Best Rating for Your Insurance Carrier

When it comes to choosing an insurance carrier, consumers are often faced with a myriad of options. Amidst the sea of choices, one crucial factor often stands out: the AM Best rating. But what exactly is an AM Best rating, and why is it so important? AM Best is a global credit rating agency specializing

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Demystifying the Ordinance of Law Coverage in Homeowners Insurance Policies

As homeowners, we often find ourselves navigating the complexities of insurance policies, deciphering terms and conditions that may seem like a labyrinth of legal jargon. One such aspect that warrants our attention is the Ordinance of Law coverage, a crucial component of homeowners insurance that is often overlooked. In this blog, we’ll delve into what

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Understanding Wind Deductibles on Your Home Insurance Policy

Wind damage can be a significant concern for homeowners, especially in areas prone to hurricanes, tornados, and other high-wind events. Recognizing the financial risks associated with wind damage, many insurance companies have introduced wind deductibles into their home insurance policies. This blog post will demystify wind deductibles, helping you understand how they work and what

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Understanding the Importance of Water Backup Coverage in Your Home Insurance Policy

Homeownership is a significant milestone that comes with its set of responsibilities, one of which is ensuring your home is adequately protected. While standard home insurance policies provide a safety net for various risks, there are specific perils that are often overlooked, underinsured, or not covered at all. One such peril is water damage resulting

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Demystifying Car Insurance Tracking Devices: How Do They Work?

In the world of car insurance, advancements in technology have revolutionized the way insurers assess risk and determine premiums. One such innovation is the car insurance tracking device, also known as a telematics device. These small devices, often no larger than a matchbox, are installed in vehicles to monitor driving behavior.  They are moving now

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Understanding Replacement Cost vs. Actual Cash Value in Home Insurance

When it comes to protecting your home and personal belongings, understanding the nuances of your insurance policy is essential. One crucial aspect to grasp is the difference between replacement cost and actual cash value coverage for personal property. These two valuation methods can significantly impact your coverage and potential reimbursement in the event of a

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