[nocoldiron]

George wants to know if that is automatic in house insurance in OK and if it covers replacement value? How does that work?

[colleeng47]

Originally Posted by nocoldiron

George wants to know if that is automatic in house insurance in OK and if it covers replacement value? How does that work?

When I got my homeowners insurance when we moved from NJ to OK, it was a little more than twice as much (about the ONLY think that was more expensive here compared to NJ), and the agent said it was because of "wind" damage. As far as I know homeowner policies cover tornados. However that being said, my house here in Mustang was built in 1978, and has NEVER been affected by a tornado. Kids in the school my daughter goes to said they have NEVER seen a tornado up close and personal.

I really don't think you should concern yourselves too much with tornados. The warning systems in place in this day and age make it almost impossible to not know what's going on. Just have your "safe place" designated and put together a box with supplies (flashlights, battery operated radio, first aid kit, etc.) and relax. We also bought a weather radio that sits on the table along side the bed. It sounds a warning if a tornado watch/warning has been issued for the area you designated.

[TU 'cane]

Oh please, who needs tornado insurance in Oklahoma?? That's laughable.. What ya need is volcano insurance, now those things are scary.



No I don't think it's automatic, although it should be required. But I don't know so i'm sorry!

[windowphobe]

All manner of insurance policies are available out here; specifying replacement cost will result in a slightly higher price. Tornadoes are considered wind, and wind is almost always a covered hazard.

In general, homeowner's insurance is on the expensive side here. (My just-under-$100k policy runs over $850 a year.)

[Hurrah]

Originally Posted by windowphobe

All manner of insurance policies are available out here; specifying replacement cost will result in a slightly higher price. Tornadoes are considered wind, and wind is almost always a covered hazard.

In general, homeowner's insurance is on the expensive side here. (My just-under-$100k policy runs over $850 a year.)

You had me worried... $850 doesn't sound tooooo bad. Our last house insurance bill was $650. We have replacement cost here, but I don't know off-hand what the exact amount the policy amount is for.

[mkfarnam]

Automatic? I doubt it. How an Insurance agent going to make extra commission?
Hurricane Insurance is seperate in New Orleans, Earth quake insurance is seperate in California and up north Blizzard and snow hazzard insurance is seperate.
I wouldn't be surprised if the cost of Wind insurance varied by Beaufort Scales

[midtowntulsa]

Wind coverage is standard on an Oklahoma Homeowner policy. However, you can have a different deductible for Wind/Hail vs all other perils.

[JRK946]

Hello, I am doing research on wind policies in tornado alley. Does a homeowner policy cover for wind / hail in these higher risk areas? Or do you need to purchase a endorsement adding coverage. Or is it automatically included as a named peril in all policies but subject to a higher deductible? If so, then what is the highest deductible out there?


Thank you,
JRK

[SouthXSW]

It's included in your homeowner insurance policy. I have lived in Oklahoma for 22 years and never even seen a tornado, much less had damage from one. Tornadoes are really not that common. The western and central parts of the state (including the OKC metro) are much more likely to see them and sustain damage than the eastern portions. I lived in central OK for 9 years (in Norman and OKC) and my insurance there wasn't any higher because of an above average tornado threat.

[mkfarnam]

Originally Posted by SouthXSW

It's included in your homeowner insurance policy. I have lived in Oklahoma for 22 years and never even seen a tornado, much less had damage from one. Tornadoes are really not that common. The western and central parts of the state (including the OKC metro) are much more likely to see them and sustain damage than the eastern portions. I lived in central OK for 9 years (in Norman and OKC) and my insurance there wasn't any higher because of an above average tornado threat.

It's also been said that Oklahoma is nolonger in "tornado alley".