Affordable Homeowners Insurance

What OK Homeowners Insurance Covers

At Mercury, we understand the unique considerations and weather-related challenges homeowners face in Oklahoma. Our comprehensive coverage options are designed to give you peace of mind, whether dealing with the sizzling summer sun, droughts, or the unexpected winter storms that can affect this beautiful state.

• Dwelling protection - This coverage helps cover your home's physical structure, ensuring you're financially protected against damage caused by heatwaves, thunderstorms, and other common perils in the state.
• Personal property - This coverage protects your belongings in the event of a covered loss, such as fire, theft, and vandalism.
• Extended replacement cost - This coverage helps ensure your home can be fully restored or replaced by extending your dwelling protection coverage limit up to a certain percentage.
• Additional living expenses - If you’re forced to temporarily relocate due to damage from a tornado, winter storm, or other cover loss, this coverage helps reimburse you for hotel stays, meals, and other expenses.
• Personal liability protection - Personal liability helps financially protect you if you’re found legally responsible for causing bodily injury or property damage to others.
• Guest medical protection - This covers medical expenses if a guest is injured while on your property, regardless of whether you’re at fault.
• Green Home - If your home or personal property gets damaged due to a covered loss, we’ll help cover up to an additional 10% to repair, replace, and rebuild with green materials.
• Matching of undamaged siding and roofing - If your roofing or siding gets damaged due to a covered loss, this helps cover the cost of replacing the undamaged roofing and siding materials if the damaged materials can’t be matched.
• Limited hidden water, steam seepage, or leakage - This coverage helps repair water damage caused by water leaks hidden behind walls, floors, or home appliances.
• Refrigerated products - This helps cover up to $1,000 in food items if there’s a power loss or mechanical failure resulting in spoiled food.

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What Factors Determine Your Homeowners Insurance Rate?

When it comes to homeowners insurance in Oklahoma, insurance companies consider various factors to assess your risk profile, which influences your insurance rate. Understanding these factors is key to managing your coverage costs in the Sooner State. Let's explore some elements that insurance providers consider when determining your rate:

• Age and condition — Older homes in Oklahoma may come with outdated plumbing, electrical, or HVAC systems. These factors can lead to higher insurance premiums compared to newer residences.
• Replacement cost — If your home costs a lot to replace following a covered loss such as a tornado or severe storm, you could pay a higher insurance rate.
• Location — Living in certain areas of Oklahoma could increase your insurance rate. For instance, you can expect to pay more for homeowners insurance if you live in an area with a high crime rate or a location prone to natural disasters such as tornadoes.
• High-risk home features — Certain property features can raise red flags for insurance companies, potentially leading to higher rates. For instance, owning a swimming pool, trampoline, or wood-burning stove can increase your risk profile.
• Credit history — Insurers often view a poor credit score as a sign of potential late payments and frequent claims. You may be quoted a higher insurance rate if you have a poor credit history.
• Dog breed — If you own a dog considered “aggressive” — e.g., pit bull, Rottweiler, or German shepherd — you could receive a higher insurance rate.