What Will the Homeowners Association (HOA) Cover?

Whether you live in a condo, townhouse, high-rise, or individual house, chances are that you live in a community that’s governed by a homeowners association, also known as an HOA, a self-governing organization that collects maintenance fees. 

Depending on your property type, your HOA, which is most likely run by resident homeowners, might be responsible for something as small as maintaining the common areas, including parking lots, or something as significant as overseeing the management of the whole property. Dobbs & Braddock Inc offers this guide for the greater Altus, OK community in navigating HOA. 

Homeowners Association (HOA): What You Need To Know

In communities that have an HOA, homeowners pay fees so they can maintain the neighborhood or units. If you’re curious about the cost of HOA fees and what they cover, you’re in the right place–because that’s exactly what we’re covering here. 

So, how much are HOA fees, and what do they cover? It depends on the community’s amenities, but generally, homeowners pay between $200 and $2,500 per year. 

At the very minimum, homeowners can expect their HOA to cover things like: 

  • Parking 
  • Safety and security
  • Maintenance and landscaping
  • Garbage pickup 
  • Common area utilities 

It should come as no surprise that larger communities with a more extensive list of amenities typically charge significantly more than communities that simply enforce rules and regulations. 

By paying the HOA fees, homeowner residents get to enjoy living in a community that’s safe, clean, and well maintained. 

Contact Us Today

Do you know what else is worth investing in? Condo insurance. This type of coverage has a plethora of benefits, including protection from losses from events like theft, vandalism, and natural disasters. And that’s where Dobbs & Braddock Inc comes in. For nearly a century, our insurance agents have been serving the greater Altus, OK community. For more information about how we can help you, give us a call.

What you need to know about managed care before choosing your health insurance

Choosing your health insurance is stressful. It is so important for your healthcare during the next year that it may be tempting to just renew the insurance that you currently have so that you don’t have to think about it. That is fine if you are happy with your coverage. If not, you need to rethink your choice. At Dobbs & Braddock Inc in Atlus, OK we use our experience to help our customers find the right health insurance to meet their needs at a price they can afford. 

These days, most healthcare is managed, but what exactly is managed care, and what are the differences between the different types? 

What To Know About Managed Care

HMO (health maintenance organization)

With an HMO, you have a network of providers that you are required to use. Your care is managed by a primary care physician who you choose. In an emergency, you can go outside the network but expect to pay higher costs. Some medical procedures will require preapproval. 

PPO (preferred provider organization)

With a PPO, you will get the best rates for services if you stay within the network, but services received outside the network will be at least partially paid for. It gives you more flexibility if your favorite doctor happens to be outside the network. You will also need to choose a primary care physician within the network, 

POS (point of service)

A POS plan allows you the most flexibility. You have a network but you can choose your providers from within or outside the network. You will, however, get the best rates for services within your network. 

This is just a general description. Read the details carefully of any plan you are considering. 

Contact Dobbs & Braddock Inc in Atlus, OK when it is time to choose your health insurance. We are here to answer your questions and make any suggestions you may want. 

What You Should Know About Life Insurance

When you think of investments, you may just be thinking of savings accounts, stocks, or retirement programs. The truth is, an investment is anything you put money towards now to benefit you later on. This most definitely includes life insurance. At Dobbs & Braddock Inc serving Atlus, OK, we can help you make the best life insurance investments. Keep reading to learn more. 

How Life Insurance Works

Life insurance is an insurance product that you pay for each month. These payments are called premiums. When you purchase the life insurance policy, you will purchase a coverage amount that will be paid to a beneficiary that you will name. This payment will be made to the beneficiary in the event of your death. 

The Need For Life Insurance

Life insurance is something that you invest in now, for the benefit of your loved ones later on. When you pass, your final expenses can be paid for outside of the life insurance benefit. This relieves your family from the financial burden of these expenses. In addition to this, many families also choose to use the benefit amount as a way to ensure that the family can maintain its standard of living and meet financial goals after you are gone. This is a special type of concern if you are an income earner in the family. 

Coverage Amounts

The amount of coverage you need will depend on a few different factors. First, you will want to consider the goal of the policy. If the goal is only to cover final expenses, then you will set a benefit amount for that goal. If the goal is to provide financial security for your family after you are gone, you will need to sit down with an insurance rep to discuss your finances and expectations. 

If you would like to learn more, please contact us at Dobbs & Braddock Inc serving Atlus, OK and the surrounding areas. 

Does auto insurance cover a rental car

If you are thinking about getting away for a weekend or a week like many Americans, you will probably be looking into renting a vehicle. This brings up a lot of questions about exactly what you need to do regarding auto insurance on a car rental. At Dobbs & Braddock Inc in Atlus, OK we are here to answer any questions about what coverage your particular auto policy offers. As independent agents, we work for our customers, and we put customer service first. 

Auto Insurance Facts

You will likely be renting your vehicle online. You need to pick your dates, your location, and the type of vehicle you need. The next thing they will be asking is about different kinds of insurance coverage. Do you want additional liability insurance, lost articles insurance, or CDW coverage? Confused? Most people are. 

Whether your auto insurance provides enough protection depends on what coverage you actually have. A basic auto insurance policy will only provide liability coverage if you have a basic auto insurance policy. You will need to have something else to cover the actual rental vehicle. If you have collision and comprehensive coverage on your personal vehicle, your coverage will most likely cover you in a rental vehicle. To be sure, call your insurance agent to double-check. 

If you are comfortable with the liability coverage you have on your auto policy, it will be adequate for a rental, and if you have a home, condo, or renters insurance, it will cover anything you bring with you against theft. 

So, basically, if you have a full coverage policy on your vehicle, it should be what you need when you rent a car. If not, check with your credit card first to see if it provides rental car coverage and if all else fails, the CDW protection the rental car company sells will take all the liability away from you. 

Contact Dobbs & Braddock Inc in Atlus, OK when you have questions about your auto insurance coverage. 


Commercial Insurance Policy Mistakes To Avoid

Dobbs & Braddock Inc serves the Atlus, OK community and the surrounding areas. We sit down with our clients to help them find coverage to protect their assets. We recognize that each of our clients has unique needs. That’s why we offer multiple policies that are designed to evolve over time to match life’s changes. Our policies will help alleviate stress as you deal with potential risks.

Commercial Insurance Policy Mistakes To Avoid

As an Atlus OK business owner, you may be in the process of brainstorming new concepts to help attract customers and gain a competitive advantage. One way that you can help stay at the top of the industry is through having a solid commercial insurance policy. Commercial insurance protects you as you deal with the complex nature of operating a business on a daily basis. The policy covers any damage to your equipment and products. Liability insurance covers your business if a customer is injured on your property. While looking over your policy, avoid these common mistakes that could harm your business.

Neglecting Workers Compensation

You have to take care of your employees. Not only does that help keep morale high but also ensures that your business continues to function properly. Worker’s compensation allows you to take care of your employees if they are injured on the job. Make sure that your worker’s comp policy is strong.

Failing To Add Extra Coverage

As your business evolves, be sure to add extra coverage. If you plan to expand your services, inquire about adding commercial auto insurance or professional liability insurance. If you plan to offer online service, add cyber liability coverage. These types of coverage will ensure that your business is protected well into the future.

Dobbs & Braddock Inc Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.   

Why Liability Coverage Is A Significant Part Of Home Insurance Policies

Dobbs & Braddock Inc serves the Atlus, OK community and surrounding areas. We help our clients obtain the necessary coverage to manage life’s risks and live comfortably. It’s important to have the right insurance coverage during emergency situations so that you will have a safety net. We offer our clients several policies, so they will be covered regardless of the issue. Providing excellent customer service is a priority. We look forward to assisting you with your coverage needs.

Why Liability Coverage Is A Significant Part Of Home Insurance Policies

Home insurance covers your Atlus, OK property. You are covered if there is damage to the structure of your home due to severe weather or an accidental fire. You are also covered if your possessions inside the home are stolen or vandalized. Home insurance also covers any detached structures on your property such as a shed, fence, or garage. You can amend your policy to add alternative living coverage. Alternative living coverage protects you if you have to stay somewhere else temporarily until your home is repaired due to serious damage.

Liability coverage is a significant part of your home insurance policy. Accidents can occur at any time. Imagine one of your guests slips and falls in your backyard, spraining their ankle. Perhaps they fall down the steps. Liability coverage will assist with the injured party’s medical treatment. Liability coverage also protects you against accidental property damage. Perhaps you are cutting a tree outside, and it falls over on your neighbor’s property. Liability coverage will protect you in that situation as well.

Dobbs & Braddock Inc Will Help You Protect Your Assets

Visit our website to learn more information about home insurance.

Your Guide to Recreational Insurance

Recreational insurance is an essential option that Dobbs & Braddock Inc can provide for Atlus, OK residents. Our team can help you better understand this type of policy and the various coverage options that it might provide for you. Here’s your simple guide to this unique policy option.

Types of Covered Vehicles

Recreational insurance is designed to cover a variety of different vehicles. As long as they are used primarily for recreation, your policy should cover you. You may need a policy for these items:

  • Motor homes used primarily for camping
  • Campers used for regular camping expeditions
  • Trailers used to haul a variety of items
  • ATV models, including four-wheelers
  • Snowmobiles used during the winter
  • Golf carts used for recreational purposes
  • Dune buggies used for outdoor excitement
  • Scooters, mopeds, and other similar small bikes

Protection Options for Your Vehicles

Your recreational policies work similarly to car insurance and will provide liability protection, collision coverage, and more. However, some recreational vehicles may operate like temporary homes. As a result, your policy may also cover things like medical payments and more. This help is critical for protecting you while camping or living in one of these vehicles.

Furthermore, your policy may protect your trailers when transporting these items, safety apparel used while you ride, and other optional equipment. This higher level of security keeps your RVs strong and minimizes expensive replacement payments. Talk to your insurance provider to learn more about what kind of protection you can receive.

Don’t Ignore These Important Policies

If you own one or more recreational vehicles and need protection, call us at Dobbs & Braddock Inc to get help for your Atlus, OK insurance needs. We can create a bundle of protection options that will ensure that your vehicles remain strong and secure for many years to come.

Renters Insurance Overview

Dobbs & Braddock Inc serves the Atlus, OK community, as well as the surrounding areas. For over 50 years, we have helped our clients find policies to protect themselves in any situation. We offer custom policies so that you will be able to protect all of your assets. Providing excellent customer service is important to us. We look forward to serving you.

Renters Insurance Overview

Moving into a new rental property in Atlus, OK can be exciting. However, you also have to be aware of potential risks. While your landlord is responsible for the physical structure of the unit, your personal items are not covered. Consider the importance of renters insurance. Renters insurance protects your personal items if they are stolen or damaged. Take inventory of your personal items inside the unit. That way, you will have a clear idea of their value. If you have any luxury items at the unit, you will need extra coverage in order to protect those items if they are stolen or vandalized.

Liability coverage is also an asset. You are protected if you cause damage to another unit. Perhaps you start an accidental fire and it spreads. You are also covered if you invite guests over, and they suffer an injury or damage to your neighbor’s property. If the rental property suffers extensive damage, you can rely on alternative living coverage. Alternative living coverage protects you as you look for somewhere else to stay until your rental property is repaired. When you are moving into the unit, look at the unit’s security system. This can help reduce the chances of you being a victim of theft.

Dobbs & Braddock Inc Will Help You Protect Your Assets

Visit our website to learn more information about renters insurance.  

The ABCs of Condo Insurance

Condo insurance sometimes referred to as “walls-in” or “paints-in” insurance, is used to complement your master condo owners association (COA) policy. While the master policy covers the exterior of your dwelling and liabilities occurring on common areas, condo insurance is responsible for the interior. 

Is condo insurance mandatory? While Oklahoma doesn’t require condo owners to purchase condo insurance, this coverage is pivotal in protecting you and your property. Need to learn more about condo insurance? Keep reading.

Areas covered by condo insurance 

When you buy condo insurance from Dobbs & Braddock Inc. of Atlus, OK, it will cover you in the following areas.

Your dwelling interior

Condo insurance covers your building’s interior, including the walls, roofs, floor, and other fixed appliances. While condo insurance doesn’t prevent risks like fire from occurring, it gives peace of mind knowing that you won’t start from scratch when the unthinkable happens.

Loss of use

If a covered event damages your dwelling such that it becomes uninhabitable, you may have to look for temporal shelter. In the process, you will incur additional living expenses that you hadn’t planned for. Thankfully, if you have condo insurance, these expenses are covered until your dwelling undergoes complete repairs. 

Personal liability coverage

If you are legally responsible for bodily injury or property damage on someone else, condo insurance covers the ensuing liabilities, including legal costs. For instance, if someone trips on your stairs and hurts their leg, condo insurance covers their medical expenses. Similarly, condo insurance should cover the property damage if your son hits your neighbor’s window with a ball.

Personal property coverage

Your condo wouldn’t look like a home without assets like furniture, electronics, appliances, and clothing. And since it has cost you thousands of dollars to accumulate your belongings, you need condo insurance to cover you when the worst happens.

Condo insurance compensates you when fire, theft, and other covered perils damage or lead to loss of your assets. This way, you don’t have to start from scratch.

Buy condo insurance today!

Are you shopping or looking to renew your condo insurance in Atlus OK and its environs? Please get in touch with Dobbs & Braddock Inc. for a competitive quote. 

Consequences of Not Buying Health Insurance

Health insurance protects you and your family in the event of an illness or injury needing medical attention. Though not required, those who choose not to have health insurance coverage could face some devastating consequences of their financial future. Medical bills can get costly, and though not expected, an accident in Atlus, OK can cause you to build up tens of thousands of dollars in medical debt. 

For information about health insurance and what can happen if you are not covered, call the experts at Dobbs & Braddock Inc. Their agents can discuss health insurance options and why you should purchase a policy today.

High Healthcare Costs

Without medical insurance, hospital and doctor visits can be expensive. Emergency room care often results in high health care expenses that need to be paid. An accident, broken bone, or diagnosis of a chronic illness could be financially devastating to you and your family. 

High Costs of Medication

Health insurance helps offset the high costs of medication. Those who do not have health insurance may find themselves in a situation where they cannot afford to purchase the medicine they need. Health insurance protects you and ensures your family receives the care and medicine they need. 

Fear of Future Illness or Injury

Some who do not have health insurance live in fear that they or a family member becomes ill or injured and needs medical care. This fear can lead to stress, panic attacks and can wear down your immune system causing the illnesses you fear. 

Loss of Savings

Medical debt can build up, resulting in you needing to pay for it out of your savings. Additionally, having to pay medical debt can prevent you from future savings. 

Those in Atlus, OK without health insurance should call Dobbs & Braddock Inc to discuss coverage options available.