What Moore Oklahoma Homeowners Should Know About Home Insurance

Moore has a different relationship with home insurance than most places.

It's not that the coverage works differently here. It's that the people who live in Moore have seen firsthand what happens when a home is gone and all that's left is a policy. That experience changes how seriously residents take coverage, and it also raises the stakes when a policy isn't structured the right way.
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Here's what Moore homeowners are worth knowing before the next storm season arrives.

get the best home insurance for moore!

Rebuild Costs Have Changed More Than Most People Realize

A home insurance policy is built around one number above everything else: the dwelling limit. That's the amount your policy will pay to rebuild your home if it's destroyed.

The problem is that number gets set when the policy is written and often doesn't keep pace with what construction actually costs. Labor, materials, and contractor availability in the aftermath of a large storm event all drive rebuild costs higher than they were the last time anyone looked at the policy.

In Moore especially, where a significant portion of homes were rebuilt or substantially repaired in the years following the 2013 tornadoes — it's worth confirming that the current dwelling limit reflects current rebuild costs, not what the number looked like several years ago.
If you haven't looked at your dwelling limit recently, that's the first thing worth checking.

​Extended Replacement Cost Coverage Is Worth Understanding

Standard dwelling coverage pays up to the policy limit. If rebuilding costs more than that limit, the homeowner covers the difference.

Extended replacement cost coverage changes that equation. It adds a buffer — often 25 to 50 percent above the dwelling limit, to account for cost overruns, material price spikes, or the surge in contractor demand that follows a widespread weather event.

For Moore homeowners, this isn't a theoretical risk. When a tornado moves through a neighborhood and dozens of homes need rebuilding at the same time, costs go up and contractor availability goes down. Extended replacement cost coverage exists precisely for that scenario.
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Not every policy includes it. It's worth knowing whether yours does.

​Wind and Hail Deductibles Are Often Separate — and Often a Percentage

Oklahoma home policies frequently carry a separate wind and hail deductible that's calculated differently from the standard deductible. Instead of a flat dollar amount, it's typically a percentage of the insured dwelling value, often one or two percent.

On a home insured for two hundred fifty thousand dollars, a two percent wind and hail deductible means the homeowner is responsible for the first five thousand dollars out of pocket before the policy responds. That number is higher than most people expect when they haven't looked at it closely.

Do you know whether your wind and hail deductible is a flat dollar amount or a percentage?
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If the answer is no, the declarations page will have it.

​Additional Living Expenses Coverage Matters Here

If a storm makes a home uninhabitable, additional living expenses coverage — sometimes called ALE or loss of use, pays for temporary housing, meals, and other costs while the home is being repaired or rebuilt.

The question isn't just whether the policy includes it. It's whether the limit is realistic. A rebuild in Moore after significant tornado damage can take months. Temporary housing costs in the metro add up quickly.

​A policy with ALE coverage capped at a number that doesn't match current housing costs in the area will run out before the situation is resolved.

Storm Shelters Don't Replace the Right Coverage

Moore has one of the highest rates of storm shelter ownership in the country. That's the right call. But a shelter protects the people inside, it doesn't protect the structure above it.
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A home that's destroyed while the family is safe in the shelter still needs a policy that can fund a full rebuild. The shelter and the insurance serve different purposes, and one doesn't reduce the importance of the other.

Shopping Coverage in Moore

Working with an independent insurance agency serving Moore means coverage gets compared across multiple carriers rather than being limited to whatever one company offers. Dwelling limits, extended replacement cost options, wind and hail deductible structures, and ALE coverage limits all vary from carrier to carrier, and that comparison tends to surface options that a single-carrier approach won't show.

For Moore homeowners who haven't reviewed their policy in the past year or two, that conversation is worth having before storm season is underway rather than after.

Oklahoma Insurance Professionals is an independent insurance agency located in Oklahoma City serving Moore and the surrounding area with insurance solutions for personal and business needs.

get the best okc home insurance!

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Scott Godwin
Founder

Oklahoma Insurance Professionals LLC serves Oklahoma City and the surrounding Oklahoma communities by protecting the people we work with just like we protect our own family members. Home insurance, auto insurance, business insurance, and more. We can help you find the coverage you need. ​