Your Motorcycle Insurance Needs When You Are Not On The Road

Allegiance Insurance Agency located in Richardson, TX makes promises we keep. In other words we pledge allegiance to the protection of our clients. We are the insurance professionals and it is our responsibility to know how we can better serve our clientele. So when it comes to your motorcycle insurance needs, it is imperative that we are on board with the particular needs of each client. 

It is important to carefully review with your Allegiance Insurance Agent every aspect of your motorcycle habits. Many motorcyclists hand in their registration and insurance cards at the end of their riding season. They simply park their bike in the garage and do not intend to ride it again until the next fall. In the case of capturing the road on a warm day during a cold season riders run the risk of incurring heavy fines and penalties.

The spirit of riding your motorcycle is the freedom the experience brings. As a result it is easy to just pick it up when the mood hits. Your agent can sit down with you to review expansions to your motorcycle policy that makes provisions for your every whim while being completely responsible.  Theft of your motorcycle while parked off season is also a consideration that needs to be reviewed.

Allegiance Insurance Agency in Richardson, TX  pledges itself (pun intended) to you and your family’s insurance needs. Offering a myriad of protections tailored to fit your unique lifestyle you will find our agents are well-versed in every insurance product we offer – automobile, homeowner’s, commercial, life, health, boat, motorcycle, RV and Classic Car. Whether you are a current client of ours or you want more information about how we can begin a great relationship call us today at 972-424-0700.  

Does RV Insurance Cover Campers?

Owning a camper is a great way to get away during the hectic work week or to just have a great place to stay that isn’t a pricey hotel. For those that want a camper, insurance is something that they should seriously consider. So does RV insurance cover your camper? For those in the Richardson, TX area, the agents with Allegiance Insurance Agency can help you answer that question.

Your camper and its contents are valuable to you and knowing what type of insurance you need to keep them safe is a must. RV insurance typically only covers RVs. If you want a policy that is going to cover your camper you are going to want to either take out special trailer insurance or you are going to want to list and inventory it on your homeowner’s policy. Your auto policy may also cover some damages if it is damaged while you are on the road but for the most part, your homeowners is going to be your best bet as insurance companies see your camper as an extension of your home.

So what does special trailer insurance cover? It would cover your camper fully but it is also expensive and may be hard to find. It might also not cover everything and can end up being more trouble than it is ultimately worth. So should you take out special camper insurance? It is not necessary as your camper is going to be covered on a range of different insurances. You want to be sure however that it is listed and that you are sure to update and inventory it so that you can claim it if something happens.

For those that live in the Richardson, TX area, the agents with Allegiance Insurance Agency can help you to find the right policy for your camper.

Keeping Your Boat Protected in the Lakes Around Richardson

Owning a boat is a huge responsibility and when it is properly cared for, can provide years of beautiful memories for you and your family. Allegiance Insurance Agency is here to help you make sure that your boat is fully covered and that you will be protected in the event of an accident on the water, or if your vessel is ever damaged. Richardson, TX has many boat enthusiasts and your local Allegiance Insurance Agency is here to help you find the comprehensive boat coverage that you need. 

All Boat Coverage is Not the Same

When shopping for boat coverage, be aware that all policies are not the same. There are many different levels of coverage that may or may not be applicable to your situation. Rather than wade through the particulars on your own, come and meet with one of our fully-trained agents that can help you find the right coverage for your needs. In addition to covering the craft itself, a comprehensive policy can help in the event of damage or injury to another party as well as your own.

Insurance coverage is necessary for all watercraft, and if you are unsure about the exact coverage that you need, come and sit down with one of the helpful agents at Allegiance Insurance Agency. We are fully trained and knowledgeable about a wide variety of boat policies and can help find the coverage that is best for your needs.

If you have recently bought a boat or are considering a purchase, come in and speak with one of the agents at Allegiance Insurance agency to find a boat policy that completely covers your needs. We are proud to serve the Richardson, TX area and look forward to seeing you soon!

I Just Found Out I’m Pregnant –Can I Buy Health Insurance?

There is a lot of confusion in regards to pre-existing conditions and health care coverage. One of the situations that we are presented with at Allegiance Insurance Agency, serving the greater Richardson, TX area, is a pregnant woman trying to buy health insurance. The woman may have just found out she is pregnant and is trying to get coverage to cover her throughout the course of her pregnancy. However, this is not how it works. Here is some information you need to know about pregnancy and health insurance. 

Private Insurance Can Still Deny Pre-Existing Conditions

You cannot be denied or charged more for health insurance due to pre-existing conditions only if you are buying from an employer or through the healthcare marketplace. If you are looking to buy from a private insurance company, they can deny you coverage or charge more if you are looking to obtain health insurance and are pregnant. 

Pregnancy is Not Considered a Life Event

The healthcare marketplace only allows you to enroll in a healthcare plan during the open enrollment period. This period is November 15 through February 15. You can only enroll in a plan outside of this window for a few life events, such as losing your job, moving or getting married. Becoming pregnant is not a life event. As such, you cannot simply enroll because you have found out you are pregnant. 

What You Can Do

If you are pregnant and not insured, you have a few options. You can try to purchase a private health insurance plan, knowing you may pay a lot for it, wait for open enrollment or pay for your appointments out of your own pocket. 

If you need health insurance in the greater Richardson, TX area, Allegiance Insurance Agency would love to help you. Give us a call today to get started. 

When Should an Adult Purchase Life Insurance?

One of the questions that we are frequently asked in regards to life insurance at Allegiance Insurance Agency, serving the greater Richardson, TX area, is when should an adult purchase life insurance. Generally speaking, every adult should have life insurance that helps to cover their final expenses and keeps the burden off of their family. But here instances when an adult should otherwise purchase a policy if they have not yet done so. 

When They Purchase a Home

If you have purchased a home, you have committed to paying off the home and in turn, carry a large amount of debt. If you pass away, your family may face a tough choice of paying to keep a home that may have sentimental value or getting rid of the home because they cannot afford it. Life insurance can pay for the home, helping your family to keep it should you unexpectedly pass away. 

When They Get Married Or Enter Into a Partnership

If you get married or enter into a partnership, it is always advised that you purchase life insurance if you have not already done so. Your spouse or partner likely depends on you to help pay the bills of complete tasks at home. If you pass away, they may incur financial hardship without life insurance money and you don’t want to put someone you love in this position. 

When They Have Children

When you have kids, you should always purchase a life insurance policy. You want to protect the financial future of your children and having a life insurance policy is the best way to go about doing this. 

If you are looking to purchase your first life insurance policy in the greater Richardson, TX area, contact Allegiance Insurance Agency. We can help you determine how much life insurance you should have and then guide you through the buying process. Contact us today to get started. 

 

Do Barber Shops Need Commercial Insurance

Many barbershops operate under a Business Owner’s Policy. This type of insurance can be of the utmost value. Let’s take a closer look at why barber shops need insurance. 

Commercial insurance tends to come with some form of general liability. It helps protect the shop from certain lawsuits, including those related to injuries taking place on the business’ premises. Take for instance that a client slips and falls due to a slippery floor in the barber shop. Insurance will be of the utmost value in this kind of circumstance. Some commercial insurance policies will even provide coverage if a barber performs house calls and an injury is sustained while performing services of the business’ premises. You will need to speak with a qualified agent to learn more about the specifics of your policy and what it does and does not cover. 

Commerical insurance also helps protect the equipment and supplies that a barbershop owns. From theft to loss of supplies in a fire, commercial insurance usually provides various types of coverage that can apply in a variety of events. Once again, to learn more about the specifics of your commercial insurance for your barber shop, you will need to speak with an agent. Make sure that you ask about commercial insurance covering your business income. For example, if something happens to your shop due to vandalism and you can’t operate for an extended period of time, you will want protection in place for your income to help you get by while your business’ doors are not open. 

To learn more about commercial insurance for barber shops, contact the Allegiance Insurance Agency serving the Richardson, TX area today. 

5 Things You Didn’t Know About Life Insurance

Most people know that a life insurance policy is an insurance contract between a purchaser and an insurance company where the company promises to pay a specified monetary benefit to the policy beneficiaries after the insured party dies, as long as no misrepresentations are made and the premiums are paid consistently. While that is the main reason most people purchase life insurance, it doesn’t mean your policy can’t be used as part of a sophisticated financial planning strategy.

While Term life insurance provides protection for a specified period of time and typically pays out only if the insured passes during that term, Permanent life insurance will provide lifelong protection as long as the premiums are paid, and generally gains cash value. Since the policy accumulates cash value it offers some important living benefits. Here are a few things you probably did not know you can do with your permanent life insurance: 

Start a Business

Banks typically won’t lend money you money to start a Richardson, TX business that isn’t bringing in revenue, meaning you’ll need to fund it yourself. You could tap into your savings or borrow from family and friends, but one often overlooked source of funding is your life insurance policy’s cash value.

Fund a College Education

Your life insurance policy accumulates cash value over time, which can be borrowed against to help finance a college or secondary education. No worries about financial aid forms or applying for bank loans – just ask for the money. Actually, you can use the cash value for anything you want, but Allegiance Insurance Agency recommends funding a college education as a use that will pay off in the long run.

Take Time Off to Care for a Parent

Unlike starting a business or sending your kid to college, it’s hard to control the timing of family emergencies, especially concerning elderly parents. By tapping into the accumulated cash value of your life insurance policy, you’ll be able to take time off or put your career on hold while caring for your family member.

Grow Your 401(k)

By tapping into your life insurance policy’s cash value, you can cover your first few years of retirement, leaving your 401(k) funds to grow longer. Additionally, the safety your life insurance policy provides allows you to take a more aggressive strategy in allocating your 401(k) investments.

Care for Yourself

In the event that you suffer from a chronic illness and remain too ill to perform two of six daily living activities, your permanent life insurance policy may allow you to have early access to your death benefit, effectively using money from it while you are alive. Your beneficiary would receive any remaining benefits when you die.

Allegiance Insurance Agency, your Richardson, TX insurance expert, can help you design a life insurance policy that meets your needs, whether a simple death benefit or a sophisticated financial planning tool. Call us today for information about your life insurance options.

Classic Car Insurance Tips and Tricks

Classic cars, unlike modern cars, qualify for less expensive insurance.  This is because classic cars are driven less frequently. Classic cars have limited liability exposure and most owners treat the cars well.  Allegiance Insurance Agency in Richardson, TX, has attractive policies you can peruse.

Ask about the necessary driving experience. Some insurance companies cover classic cars only if the driver has more than five years driving experience. Replacing faulty parts can be troublesome hence delays the car repairs and can add costs. The insurance companies offer part location services. Find out from the company whether they offer assistance or pay for the process. 

Insurance policies cover the actual value of the classic car. If the value depreciates, the owner pays the deductible. Other policies can pay the value coming from other sources and can be lower than the real value of the classic car. This leaves you with less money in case of loss or damage. Get an appraisal before shopping for an insurance company. This enables you to know the right value of the car. 

Ask for policy cover appreciation. Unlike modern cars which depreciate in value, classic cars appreciate in value yearly.  Look for the appreciation clause and review the contract annually. Appraise your car every 2-3 years to ensure the insurance policy only covers the current value. 

Check if the insurance company covers classic cars even in the restoration process. Some insurers have policies that cover cars in the process of restoration. Some classic cars are not in showroom ready condition hence the need to protect your investment. 

Understand the fine print of the terms of the policy to know your responsibilities. This makes you meet all the set conditions as some products have a cap for the mileage you can drive the car annually. Some insurance companies have seasonal policies or cover vandalism in the garage or weather damage. 

State other cars you have and how frequently you use the cars. This lowers your premiums as it reduces risks on the classic car. Go for specialist insurers as they understand vintage cars better than mainstream insurers. Get in touch with  Allegiance Insurance Agency in Richardson, TX, for reliable and convenient classic car insurance. 

RV’s Are Not Just For Summer Loving: How To Make Certain Your Insurance Policy Encompasses All Seasons

"Summer Loving – Had Me a Blast" – How to Ensure Your RV Insurance Will Last

We know we are dating ourselves at Allegiance Insurance Agency of Richardson, TX with the above quoted song lyric from the classic film Grease but we will take the risk. Just more evidence that we are a tried and true agency that has been around for awhile.

Serious RV (Recreational Vehicle) lovers use their beloved RV’s all year long.  Hitting the open road is the goal and since you have to sleep somewhere the RV gets a chance to hit the road with you.

We want to make certain that you have the right insurance protection to fit your RV passion. Some RV drivers use their recreational vehicle as a year round home. Their insurance needs will be very different as compared to the RV owner that only uses their vehicle in the summer months.

Many insurance policies can be written to include storage options for RV owners who do not use their vehicle as a year round residence. Like auto insurance, RV insurance differs depending upon the amount of miles you travel and the distance you cover on trips. As you consider what insurance options will best suit your needs it is a good idea to discuss your particular circumstance with an insurance professional who knows about RV insurance. 

Speaking with an insurance agent at Allegiance Insurance Agency will help you decide how much coverage you need. We can also help you decide what special provisions based on your brand of driving will be necessary. Call or stop in today if you are in the Richardson, TX area to further discuss how you can protect your home on the road. 

Tips for Your Long Distance Motorcycle Road Trip

There is nothing more relaxing and fun than a long road trip on your motorcycle that begins in the Richardson, TX area. Make the most of your trip enjoyment by making time to plan because your storage space is limited. Here are a few practical tips for your next long distance motorcycle road trip.

  • Being prepared to whether any weather will help keep you comfortable because being wet and/or cold is not fun. Spend the money to get a comfortable, waterproof, riding suit. It doesn’t need to be the most expensive, but you’ll want one that is good quality and can slip over your clothes if the weather starts to turn bad. 
  • Look into a luggage rack for your motorcycle. While a backpack may hold plenty of stuff and seem like a great idea at first, you’ll find that it isn’t. After some time, it will start pinching your shoulders, ruining your posture, and the noise from the top flapping in your ear will start to be maddening. A simple fix is an inexpensive luggage rack.
  • Get your motorcycle a checkup.  A general check of the oil, lights, fluids, and tires will help avoid an untimely breakdown.  
  • Packing tips. Make a list and ask yourself if you need to carry it or if could easily be picked up on the road, if the answer is “no,” leave it behind.  Bring 2-3 bungee cords or paracord; you never know when you’ll need to strap something down.  Don’t worry about how you dress, so lose the outfits and bringing clothing you can layer for the changing temperatures.

Allegiance Insurance Agency

The Allegiance Insurance Agency provides insurance to people in the Richardson, TX area. Contact an Allegiance agent today to discuss your motorcycle insurance needs.