Skip to content
Click to Call
Greater Tulsa Insurance Inc

2604 W Kenosha St, #143
Broken Arrow, OK 74012

Get Directions

Oklahoma Insurance Blog

How Often Should I Review My Life Insurance Coverage?

Getting life insurance is one of the most intelligent decisions that you can make in your life. However, it’s critical that you regularly review your life insurance. Many Tulsa, OK residents have been asking us – how often should I review my life insurance? We at Greater Tulsa Insurance Inc. advise that you review your life insurance with the help of your insurance agent annually. This will ensure that you have the proper kind and level of coverage to offer maximum protection to your loved ones. If you have permanent life insurance, reviewing your policy at least once a year provides an excellent opportunity to ensure that it’s helping you meet your overall financial goals.

Are There Other Times That It’s Advisable I Review My Life Insurance?

Your life insurance needs are bound to change as your life changes. Therefore, it is good practice to schedule a life insurance review whenever there is a significant event in your life. Some of these major life events are getting married, buying a house, getting divorced, accepting a new job, buying a business, becoming disabled, retiring, refinancing your home, and becoming an empty nester.

One of the most overlooked reasons for planning a life insurance review is undergoing a change in health. If your health starts deteriorating, you should review your life insurance to increase your coverage and consider additional coverage opportunities. On the other hand, if your health improves because you have lost weight, quit smoking, started exercising, or have gotten your blood pressure under control, you can get a better rate. This also applies if you have a risky job like being a roofer or have stopped pursuing a dangerous hobby like mountain climbing.

Do you need exceptional life insurance coverage in Tulsa, OK? At Greater Tulsa Insurance Inc., we are here for you. Contact us today for a personalized life insurance policy. 

What is basic auto insurance in Oklahoma and when is it a good choice?

It is important if you’re driving your car in the state of Oklahoma that you are aware of the basic amount of auto insurance required by the state. You can be penalized if you don’t have the correct amount and it could cost you your registration and license. At Greater Tulsa Insurance Inc. in Tulsa, OK, we will make sure that you have the right coverage to protect your assets. 

Basic auto insurance in Oklahoma 

In Oklahoma, the basic insurance that every driver is required to have is liability coverage in the amount of 25/50/25. This breaks down to $25,000 for injuries to the first person injured in an accident where you are responsible, and the total amount for bodily injury is $50,000. $25,000 is allowed for property damage, which is a pretty good amount but not too much. It’s only enough if you have little or no assets. 

For most people, this is not really enough liability insurance. It really is pretty basic, and unless your assets are very basic, you could find yourself holding the bag if you are responsible for an accident. The insurance industry recommends that you have $100,000 for the first person, with a total of $300,000 per accident. Add to that, $100,000 for property damage. This will be more in keeping with what the actual damage from a serious accident could be. 

Basic insurance does not offer any protection for your vehicle. If it is stolen or damaged in an accident where you are responsible, you will have to replace it yourself. If you have lots of money and can easily do that, then basic insurance is the right choice. Or, if your vehicle is old and has very little cash value, go for basic coverage. 

Contact Greater Tulsa Insurance Inc. in Tulsa, OK for personalized auto insurance coverage. 

Key Commercial Insurance Facts Oklahoma Business Owners Should Learn About

Greater Tulsa Insurance Inc. serves the Tulsa, OK community. We are an independent agency. We help our clients find unique policies that align with their individual needs. We work with multiple carriers throughout the region. This allows us to assist our clients regardless of their situation. We look forward to helping you stay covered when difficult times arise.

Key Commercial Insurance Facts

Tulsa, OK is a competitive marketplace. Businesses are seeking to develop strategies that will help them separate themselves from the competition. As an Oklahoma business owner, you have to manage different rules and responsibilities. Commercial insurance can assist you by alleviating stress. The policy protects your business against potential liability issues. For example, you are covered if a customer alleges that your products caused them harm. You are also covered if something happens to your inventory. This gives you a safety net if your equipment is stolen or an accident happens and damages occur.

Commercial insurance also protects your employees. Your business runs smoothly because of the contributions of your employees. Dealing with issues in the workplace can impact things. Worker’s compensation covers your business if one of your employees is injured in the workplace. The coverage takes care of their medical bills and prevents your business from dealing with potential litigation.

As your business evolves, you can add extra coverage to your commercial insurance policy. If you plan to offer remote services in the future, commercial auto insurance is something to consider. The coverage takes care of any damages to vehicles that you use for business-related endeavors. You can also add business interruption coverage. Business interruption coverage keeps your business afloat while you handle the aftermath of serious property damage.

Greater Tulsa Insurance Inc. Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.

When to review your home insurance policy

Protecting your home is what all homeowners want to do. Home insurance offers a variety of protection, all of which are important. Making sure you have exactly what is best for your home and situation is essential. With an independent insurance agent in Tulsa OK, you can be sure you’re getting what you need. Greater Tulsa Insurance Inc. has the experienced team you require. 

Like most types of insurance, home insurance should be reviewed occasionally. Things change, situations change and homes change. It is essential that your insurance reflects your need for insurance today, not what you needed five or more years ago. 

When your policy renews every year, that is the obvious time to review your coverage. Check your deductible, the type of content coverage you have, and the amount of liability coverage. If the premium has gone up, question why and also check that you are getting all the discounts you qualify for. 

  • It is a good time to review your home policy when your personal wealth has increased. Do you have enough liability protection? You need to safeguard what you own and your savings. 
  • Does your deductible make sense? You may be able to save on your premium by going with a higher deductible. If you want to pay out less of your own money with a claim, go with a low deductible. 
  • Have you made major renovations to your home that increase the square footage or the value of your home? Make sure your insurance reflects that. 
  • Have you added anything to your home that increases your risks, like a pool or a pet? Think about increasing your liability coverage. 
  • Let your agent know if you have added a security system to your home. 

Contact Greater Tulsa Insurance Inc in Tulsa, OK when you are ready to get the home insurance you need.

Servicing States

  • Oklahoma

Testimonials

Leave a Review

Partner Carriers

  • Allstate
  • American Modern
  • Burns & Wilcox
  • Chubb
  • Compsource Mutual
  • Foremost
  • Hagerty
  • Mercury
  • Openly
  • Progressive
  • RPS
  • Safeco
  • The Hartford
  • Travelers