Sadly, theft remains a serious problem in the United States. According to research conducted by the Insurance Information Institute (III), between the years of 2010 and 2014, theft was the fifth leading reason why property insurance claims were filed, behind only fire damage, storm damage, water damage and bodily injury claims. If you have been […]
Fire remains one of the leading causes of property damage in the United States. According to a report compiled and published by the National Fire Protection Association (NFPA), fires cause more than $14.3 billion in property damage in the U.S. each year. While fire can completely destroy a building, there are also many cases in […]
Under Oklahoma’s insurance regulations, both policyholders and insurance companies have certain basic legal obligations. For policyholders, one of their key responsibilities is to comply with the terms of their insurance policy. Nearly all property insurance policies issued in the state of Oklahoma contain a cooperation clause, requiring property owners to assist the insurance company with […]