When Can You Get Health Insurance?

When you are trying to find health insurance in Richardson, TX, you usually need to wait until open enrollment. The open enrollment period starts on November 1 and ends in December. Even after the open enrollment period has ended, there are still some instances when you can get health insurance with Allegiance Insurance Agency.

There can be certain life events that qualify you for a special enrollment period. This enrollment period is usually 60 days when you can get health insurance even if it is after the normal period. These qualifying life events can be losing your health coverage through an event such as divorce, losing your job, or expiring coverage. If you voluntarily quit the health plan or are canceled because you didn’t pay premiums, you will not be eligible for a special enrollment period. If you get married, have a child or adopted a child, permanently moved somewhere with different options, or are aging off your parent’s insurance plan, you can qualify for this special enrollment. During this time, you can shop around for health insurance on a public or private exchange. You will have the same options you would normally get during open enrollment, such as copay plans. If you don’t purchase coverage during this period then you will have to wait until the next open enrollment period. However, you can get a short-term plan to cover yourself until you can get a different one.

If you miss the deadline and don’t qualify for Medicaid or another special enrollment plan then you can consider a short-term health plan. Premiums can be based on your medical history and won’t usually cover pre-existing conditions. However, these short-term plans can provide security from unexpected and catastrophic healthcare emergencies.

Contact Allegiance Insurance Agency, serving Richardson, TX, to get a quote on health insurance. 

The Benefits of Whole Life

If you are a “baby boomer” nearing the age of retirement and you bought whole life insurance when you were in your twenties, you are really happy with the decision you made when you were younger. If you are a millennial just starting out, your chance to buy whole life is right now.

The key to understanding long-term value is to realize that you invest in something before you really have a need for it so that as you get older it is ready to help you.

Do I have to die for life insurance to be worth something?

Facing the possibility of one’s death is not pleasant for anyone. Life insurance gets a bad rap because of this. However, the death benefits for life insurance are supposed to help the ones you love who are left behind and that gives you some comfort. Nevertheless, there are many more self-interested reasons to get life insurance.

Beat the Odds – While You Build Cash Value

Imagine you get whole life insurance and you pay the same amount monthly for decades. It is not such a big amount if you start when you are young. The younger you are when you start, the lower the monthly premiums can be.

What happens with whole life insurance is that it builds up value over time. This is called “cash value.” Also, each year life insurance pays a dividend that can be re-invested in the life insurance, thereby increasing the cash value or the dividends can be taken out when paid.

As the cash value increases, you can borrow against it. Usually, these loans are at very low-interest rates, which is really helpful while you are still alive.

After many decades, a person may reach the age when their whole life insurance is “paid up,” which means there are no further premium payments necessary to pay to receive the death benefit.

This is what we mean by beating the odds. That lucky person can either leave the death benefit in place for any heirs to inherit or in some cases can cash out the policy and receive a lump sum payment.

What happens when you beat the odds, depends on the type of life insurance you have, so talk this over with your agent at Allegiance Insurance Agency, serving Richardson, TX and the nearby area.

Call to speak with your agent at Allegiance Insurance Agency in Richardson, TX to get a quote for life insurance or use the super-easy online form to request a quote.

Should I Have Business Interruption Insurance on My Commercial Policy?

Business interruption insurance is available to business owners who have to close their businesses. It’s not typically included in general commercial policy but is instead available as a rider (or add-on to the policy). This form of insurance can be extremely helpful to people in Richardson, TX, but not everyone will need it. Allegiance Insurance Agency wants you to know the specifics before making the decision. 

Covered Events and Shutdowns 

The idea behind business interruption insurance is that if you can’t make money due to a covered event, you’ll still have some degree of income coming in. For example, let’s say you run a retail clothing store in Richardson, TX. You make a certain amount of revenue during the weekdays, but the vast majority of your profits are earned on the weekends.

If your store sustains water damage and needs to be closed for two weeks due to repairs, you’ll miss out on a whole half month’s worth of sales. You’ll also be handling the specifics of the repair process, and likely too busy to think about much else. Business interruption insurance will take into account your weekly numbers before providing you with funds to cover your loss of income. 

A Policy for You 

If you own a company where you can work from a different location if your regular one undergoes damage, you likely won’t need to purchase business interruption insurance. However, you may still need to consider the time and effort needed to restore your location. If you want to learn more about who can benefit from this form of insurance, call Allegiance Insurance Agency today. We can help you consider what it will really mean to handle your responsibilities and maintain a business at the same time. 

When Do You Need an Auto Insurance Review?

It is a good idea to make sure you have adequate insurance protection to conduct a regular annual auto insurance review. Life changes of certain kinds and changes to your vehicle(s) are also a good time to have an auto insurance review. Talk to your agent at Allegiance Insurance Agency, serving Richardson, TX and the nearby area, when any insurance adjustments may be needed.

Changes that Affect Auto Insurance

Here are some changes that are good reasons for an auto insurance review:

Moving

Let your agent know if you are planning a move.

Marriage and Divorce

Getting married or divorced usually means changing the authorized drivers on the auto insurance policies.

Getting a New Job

If your new job adds to your commute distance, then this is something you want to tell your agent.

Changing Where a Vehicle is Parked

If you change where the vehicle is parked, for example, putting it in a secured garage instead of parking it on the street, let your agent know.

Letting Another Driver Use the Vehicle

If you allow another driver to use your vehicle, then ask your agent about adding them as an authorized driver.

Vehicle Improvements

Examples of improvements that warrant an insurance upgrade include custom work done on a vehicle, such as a new custom paint job. Also, installing new equipment, such as an expensive stereo system, a GPS device, an alarm, an anti-theft device, or adding a hitch to pull a trailer.

If you are going to pull a trailer be sure to let the agent know and discuss the value of what you will be pulling so that the protection for that item, such as a boat, can be put into place as well.

Changing Vehicle Usage

If you start using your vehicle for carpooling or work-for-hire, you will want to adjust the auto insurance to change it to a commercial policy to provide protection for the passengers and the new use.

Selling the Vehicle

Make sure the title is changed to the new owner before canceling your auto insurance to make sure there is no gap in insurance coverage. If you have any of these changes or others contact your agent at Allegiance Insurance Agency in Richardson, TX.

Can Home Renovations Affect Your Home Insurance?

Any changes that you make to the structure of your Richardson, TX home will affect your home insurance. Some renovations could raise the cost of your insurance premiums; others could make you eligible for home insurance discounts. By discussing home improvement plans with your Allegiance Insurance Agency agent in advance, you can get a better idea of how your projects will affect your insurance coverage so you can prepare to adjust your policy accordingly. Here are a few ways home improvements affect home insurance coverage and costs.

Reduces Insurance Premiums

Some renovations can actually reduce your insurance premium due to minimizing your risk of damage to your property. A new roof, for example, offers greater protection to the structure and interior of your home, which could qualify you for reduced insurance rates. If your renovations enhance the safety of your home, such as a new security system, new HVAC or electrical system or upgrading your plumbing, you may be eligible for discounts on your insurance coverage.

Increases Insurance Costs

Renovation projects that add livable space to your home (new bedroom, back patio, mother-in-law apartment, etc.) may increase your insurance costs as it increases the areas that need to be insured. Once you add these renovations to your policy, you may see an increase in premium costs. If you purchase new furniture or electronics for renovated areas, these items will also need insurance protection, which may increase coverage costs.

Major home renovations can also increase the value of your home, requiring that you increase your dwelling coverage to cover the new value of your property. Increasing your dwelling insurance ensures you have sufficient coverage to rebuild your home if it’s destroyed in an unforeseen disaster.  

For customized home insurance coverage to fully protect your Richardson, TX property, contact Allegiance Insurance Agency today. 

Parking Matters: Where Do You Park Your Classic Car?

Beep Beep Don’t Park Your Classic Car At The Curb!

Where will you find a kind, knowledgeable and considerate insurance agency staff? In Richardson, TX of course, at Allegiance Insurance Agency. The freedom you enjoy with your newly purchased or lifetime owned classic car should not be thwarted by where you have to park your vehicle. We will help you understand exactly why it is important where you park and the rules and laws that govern where you are allowed to park your classic car in the great state of Texas. 

 Just like your classic car is a unique piece of vintage history the insurance for that car is unique as well. The variances in this particular type of insurance are countless. That is why it is so important to speak with an insurance agent who is well-acquainted with the rules that govern the state of Texas.  In fact, when it comes to your classic car it is not referred to as parking.  Your insurance agent will inform you that the term is "storage".  There are limitations based on the state. For instance; you cannot store your classic car within 5 miles of the coast in the state of Texas. Learn about the other storage exclusions today.  

If you’re taking a leisurely drive in your classic car, make it a point to stop in at Allegiance Insurance Agency in Richardson, TX. Located at 2929 N. Central Expressway, #275, Richardson, TX 75080. We will sit down with you and take the time to explain how to best insure your classic car. Our telephone number is 972-424-0700. We don’t only take care of your classic car insurance needs we also cover regular auto insurance as well. In addition, the staff at Allegiance Insurance Agency can help you with homeowners, commercial, life and health insurance.

 

Does Auto Insurance Cover Hospitalization?

Auto insurance is something that it not only necessary, it is required. This is a fantastic coverage that helps to keep you covered and safe every time you set out in your car or in the car of others. It does cover a wide range of different issues and helps you get back to being healthy and feeling great, even after a serious accident. For those that live in the Richardson, TX area, the agents with Allegiance Insurance Agency can help you to find the coverage you want and need.

For the most part, your auto insurance is going to cover a range of different medical procedures that are the result of an auto accident. This means that you are going to be able to use your auto insurance to cover some of the cost associated with an auto accident. If you are hospitalized, however, the insurance coverage does change a bit. Your auto insurance may help cover your deductible for your health insurance, but when it comes to the point that you are hospitalized due to an accident, generally your health insurance would take over in terms of coverage for the hospital stay.

In cases where you are found to not be at fault for the accident, you may be able to go after the insurance of the other driver to help cover your deductible for your health insurance so that you can then get the treatment you need for less money. Your auto insurance is going to cover a great deal but you may also need to work with your health insurance to cover the cost of your treatment and of getting back to feeling good. For those that live in the Richardson, TX area, the agents with Allegiance insurance agency can help you find the coverage that works best for you.  

How RV Insurance From Allegiance Insurance Agency Protects Your Vacation

For many Texas families, the summer months are used for enjoying great weather and traveling together on a family vacation. Whether you are traveling within the state of Texas or to neighboring states with National Parks, many of these families around the Richardson, TX area will be hauling their families way in an RV for vacation. Before you leave, make sure that your vacation is secure with RV Insurance. 

Coverage While Lodging

While many RV owners believe their auto insurance policy will suffice on vacation, they fail to realize that once they park the RV and move it to its lodging state, it is not covered by that insurance. With an RV insurance policy, the RV and the property within the camper are covered while the RV is used for lodging. Unfortunate accidents such as fire, theft, and vandalism are situations where your RV needs that insurance policy to cover damages while your RV was parked at the campground or another location for lodging. 

Vacation Liability

An RV policy is also designed to cover any liability damages that you may cause while your RV is lodged. Should there be an accident that is your fault to property or bodily damages, vacation liability covers will protect your family vacation and assist with any financial obligations that may result due to your liability. This protection is a safety net that you have while on vacation and need assistance.

Safeguard Your Vacation Today

If you are planning a vacation this summer with your RV, contact the Allegiance Insurance Agency for information regarding your RV insurance policy. Our agency serves Texas residents in the Richardson, TX area and surrounding communities. 

What does motorcycle insurance cover?

Your motorcycle is more than just a means to get from Point A to Point B. Your bike tells a story of your personality and, thus, should be protected at nearly any cost. You do not have to save thousands in hopes of keeping your bike intact. A good insurance policy can protect the vehicle that you cherish the most in Richardson, TX.

The agents at Allegiance Insurance Agency can help you find the motorcycle insurance plan that best satisfies your needs. Read on to learn more about what motorcycle assurance covers.

What does motorcycle insurance cover?

Motorcycle assurance works like auto insurance in providing payment for bodily injury as well as property damage in an accident. You also have the option of obtaining a motorcycle indemnity plan that replaces your bike along with the gear that was damaged in an accident. Of course, you will need to purchase full coverage to get the full benefits from a motorcycle insurance plan in Richardson, TX.

What about seasonal driving?

There are instances where you only use your motorcycle for a season. Many bikers only take on the road during the summer months. It may appear pointless to purchase insurance for six months when you only need it for three, which is why season assurance is an option for motorcycle owners.

With seasonal insurance, you are only covered for the set of months that you plan to use your vehicle. You will need to find a standard motorcycle assurance policy to cover the rest of the year.

Seasonal motorcycle insurance comes with many benefits in Richardson, which is why you should contact an agent at Allegiance Insurance Agency for details. You should also call about a quote for full coverage assurance that pays for bodily injury, theft, and property damage. Call today!

Does Boat Insurance Cover Electronics On Board Your Boat?

Boat insurance is a requirement in some states and is a good idea in any situation where the boat will be used on the water. Boat insurance is designed to protect from liability and may even provide additional protection depending on the policy and any riders that are attached. So, does that mean that electronics are covered by a boat insurance policy?

Boat Insurance Coverage

Generally, boat insurance is designed to protect the boat’s motor and perhaps its hull depending on the policy and coverage options. The electronics on board won’t be covered unless it is specified in the policy through additional coverage. If there is a substantial amount of valuable electronics on boar, there may be some options that an insurance agent can offer clients. This will help prevent financial losses from things like theft and accidents. 

Finding The Right Boat Insurance Policy

Selecting the right boat insurance coverage can prevent the potential for losses that can happen at any time on the water. Work with an established insurance agency with expert agents who know the right products to offer individuals who want to protect their boat and personal belongings while they are on the water. Anyone who lives around the Richardson, TX area who needs boat insurance should contact Allegiance Insurance Agency for more information about coverage options and riders. 

Don’t leave your boat and electronics to risk while out on the water. Get the right amount of coverage from Allegiance Insurance Agency, serving the residents of Richardson, TX. Call or stop by the office today for personalized service and answers to any questions related to the boat or other insurance products.