What Safety Equipment Do I Need on My Boat?

Boat owners in Richardson, TX know there is nothing quite like spending the day on the boat with friends and family. However, it is essential to have all the necessary safety equipment on your boat when going out boating. Being prepared with safety equipment helps ensure your day on the boat is a fun, exciting, and safe adventure. In addition to having all the safety equipment on board, it is recommended to carry boaters insurance. For additional information about boaters insurance, call the experts at Allegiance Insurance Agency. 

Boat Safety Kit

An emergency boat safety kit ensures you are prepared for any situation which may arise on the boat. Your boat safety kit should include: 

  • Flashlights
  • Duct tape
  • A bucket
  • First aid kit
  • Whistle
  • Ropes
  • Mirror (to reflect light as a signal)
  • Garbage Bags
  • Fire extinguisher
  • Radio with additional batteries

Life Jackets

It would be best if you had a life jacket for each person onboard your boat. By law, life jackets must be U.S. Coast Guard approved and need to be on your boat. Select life jackets to support the weight and height of those who ride the boat with you. Additionally, most states require children to wear life jackets at all times when on a boat. 

Boat Safety Checks

Take your boat in for a safety check with the U.S. Coast Guard Auxiliary or the United States Power Squadrons. These organizations offer free vessel safety checks and offer advice on ensuring your boat and your passengers are safe. 

Boating Safety Course

There are several online courses available, some free, providing boating safety information. Look into taking a boating safety course to ensure you practice safe boating skills when out on the water.

When out boating in Richardson, TX it is important to follow safe boating practices and have all the safety equipment you need onboard. Don’t forget to call Allegiance Insurance Agency today to discuss boaters insurance options available. 

3 Benefits of Health Insurance

Medical emergencies are unpredictable and can wipe out all your savings if not well planned. With rising medical costs, people have started embracing the importance of having a health insurance policy. But what is health insurance? Well, it’s an agreement where an insurance agent compensates the insured for medical expenses if they fall sick or get involved in an accident that may lead to hospitalization. To that end, having a health insurance plan can protect you and your family in times of such circumstances. 

Unfortunately, approximately 30.4 million Americans don’t have a health insurance plan. While some may cite financial reasons, others don’t see why they should have a health insurance plan. Here are the benefits you miss out on when you fail to buy a health insurance plan from Allegiance Insurance Agency of Richardson, TX. 

Prevents illnesses

How does health insurance prevent illnesses? With the policy, it’s easier for you to access routine health care. It pays for your annual check-ups, scans, vaccinations, and lab work that play a crucial role in keeping you healthy. Besides, early intervention is crucial in increasing the chances of prognosis for deadly diseases. 

Protects your savings

Let’s face it. You don’t want to deal with medical costs when you are ill. However, health care can turn out to be very expensive. For instance, emergency care, surgery, lab work, and drug prescription can add up very fast and leave you bankrupt or wipe out all your savings.

A health insurance plan helps you navigate your medical bills even when you don’t have cash in your pocket.

Safeguards your family

You can get a health insurance plan that includes your entire family, including your children, spouse, and even your aging parents, who are more vulnerable to illnesses. Should anything happen that requires medical attention, you rest assured knowing the policy will foot the bill. 

Health insurance in Richardson, TX

Anything offering protection to you from being financially handicapped in case of an unfortunate event is a no-brainer. Health insurance provides such protection. Ready for your health insurance plan? Contact us at Allegiance Insurance Agency for an affordable quote.

Pros and Cons of Life Insurance

The decision to purchase life insurance is a significant one and should not be taken lightly. Those considering purchasing a life insurance policy to protect their family or save for retirement must compare their options. We understand the importance of life insurance for Richardson, TX families, and our agents, Allegiance Insurance Agency, are ready to help you with your decision.

Here are some of the pros and cons of purchasing life insurance: 

Benefits of Life Insurance

Life insurance policies provide a foundation for a financial plan. Though life insurance policies differ, they all offer similar benefits to those who purchase them. Some of those benefits include: 

  • Budget-Friendly: With many life insurance policies and plans to choose from, it is possible to find one to fit within your budget. 
  • Family Protection: The death benefit is the most popular benefit of life insurance. If someone dies, the life insurance policy pays the death benefit to the insured’s beneficiary. 
  • Financial Planning: Life insurance can be used to save for future events, such as medical bills, debt, or funeral expenses. 
  • Peace-of-Mind: Life insurance provides peace of mind that your family can financially survive should you unexpectedly die.
  • Tax Benefits: Life insurance from an employer-sponsored plan is typically tax-free, allowing you to reinvest the cash value with no tax implications. 

Disadvantages of Life Insurance

Though purchasing life insurance has many benefits, you should be aware of the disadvantages before buying your policy. Below are some of those disadvantages: 

  • Costs: Depending upon your age and overall health, insurance policies can get expensive. Whole life insurance is the most costly policy to purchase. 
  • Sales Commission: Some insurance agents look for larger commissions and sell you policies you do not need. 
  • Weak Investment Returns: Though life insurance policies are a safe investment, other investment opportunities are available with a higher return. 

With information about both advantages and disadvantages, you are ready to weigh out your options before purchasing a life insurance policy. Those in Richardson, TX, who still have questions about life insurance policies need to reach out to Allegiance Insurance Agency today to discuss options and benefits. 

Commercial Insurance Add-ons to Consider

From the day you commenced operating your business venture in Richardson, TX you are vulnerable to inherent risks. Ranging from lawsuits, accidents to natural calamities, your business operates in a volatile environment. For this concern, you need outstanding commercial insurance to shield your business when unexpected strikes. Luckily, businesses have a lot of commercial insurance coverages to select from. Here are commercial insurance add-ons to consider for your business, according to Allegiance Insurance Agency.

Workers’ comp insurance

The state of Texas doesn’t advocate for commercial insurance as a legal requirement to operate a business. Nevertheless, its imperative for business owners to consider this form of it’s policy if they have part-time or full-time employees to safeguard them from work-related injuries and general ailments. Workers’ comp insurance cushions your most precious assets(employees) by settling their medical bills, partial loss of income, and funeral expenses, following the occurrence of work-related-injuries or sicknesses.

Liability insurance

The environment that we undertake our business activities is litigious. For this reason, investing in liability insurance is pivotal, since one liability claim, like a lawsuit, can harness devastating financial constraints. Liability coverage safeguards your business venture against bodily injury, advertising injury, and property damage from third parties. When this is done, it suppresses the possibility of using business resources to settle liability claims.

Cyber liability coverage

Internet usage in any business venture accords many benefits, but it’s also susceptible to the increased upsurge in cyber attacks. Cyber insurance safeguards your business, mainly if it’s online-based.This policy assists in mitigating the financial burden related to cyber-related crimes.

Business interruption insurance

If unexpected catastrophic events strike, your business operations are likely to be disrupted. During this specific period, your business will suffer lost income due to the shutdown or scaling down operations. Business interruption insurance compensates a business entity for its lost income during these situations.

Are you a business owner in Richardson, TX searching for outstanding commercial insurance to protect yourself, your employees, and your business? Contact Allegiance Insurance Agency today to buy affordable commercial insurance matching your needs and budget.

Tips to Reading Your Insurance Policy

Insurance policies can be a lot of reading and often contain jargon, making the policy a bit confusing. However, it is vital to read and understand the entire insurance policy. Understanding what is written in your insurance policy, you know what is covered, what is not covered, and how to file a claim in Richardson, TX. For additional help reading your insurance policy, give us a call at Allegiance Insurance Agency. 

Read the Entire Thing

The best way to understand what is and is not covered by your insurance policy is to read the entire thing. Take time to sit down and read it front to back. It may be best to break down your reading times into small chunks. 

Understand the Definitions

There are terms insurance companies use throughout their policies. In most cases, these terms are defined throughout the policy. Read the definitions and understand how the terms affect your policy and insurance coverage. Most policies have these terms either written in quotation marks or all uppercase letters. 

Pay Attention to Special Amendments

In some cases, your insurance covers a particular item, but there is a specific amendment that excludes it later in our policy. Pay close attention to these amendments and understand how your coverage protects you and your property. 

Write Down Questions

If you have any questions about what you read in your policy, write them down. Then take time to reach out to your insurance agent to help answer those questions. 

Hopefully, this helps you understand your insurance policy in Richardson, TX. If you still have questions about your policy, call our experts at Allegiance Insurance Agency. 

If I Buy a New Car Will My Insurance Policy Cover It?

The joy of getting a new car in Richardson, TX is like no other. However, owning a vehicle comes with responsibilities, including ensuring your current insurance coverage gets transferred to the new vehicle. The biggest question many new car buyers have is, “Will my insurance cover my new car?” Please continue reading to answer that question and then call us at Allegiance Insurance Agency with any additional questions. 

Is My New Car Covered?

If you get a new car, your existing auto insurance will automatically cover it. However, the coverage you have on the new vehicle depends upon whether the car is a second car or a replacement car. If it is an additional car, you receive the same coverage as the car on your policy with the most coverage. However, if it is a replacement car, you will receive the same coverage as the car it is replacing. 

It is recommended you contact your insurance agency as soon as possible to update your policy to include the new vehicle. 

How Long Is My New Car Covered?

Typically, you have four days to notify your insurance agent about your new car purchase. If you know you plan to purchase a vehicle, it is best to contact your insurance company before you go shopping to verify your policy’s details and ensure your new car is covered. 

I Bought My First Car — Do I Need Coverage Before I Purchase It? 

If you purchase a car and do not have any existing car insurance policies, you must obtain car insurance before buying the vehicle. 

When you buy your new car in Richardson, TX, we will be here to help get you insurance coverage. Call our agents at Allegiance Insurance Agency today for additional information about car insurance and if your new car is covered under your current policy. 

What Are the Auto Insurance State Minimums for Texas?

As a Texas driver, it’s your responsibility to meet the minimum state auto insurance requirements to legally drive in Texas. Our team at Allegiance Insurance Agency of Richardson, TX is committed to ensuring that Texas drivers know what’s required to legally drive within the state of Texas.

Texas State Minimums for Auto Insurance

According to Texas law, all Texas drivers must carry auto liability insurance. Auto liability insurance includes bodily injury, property damage, and personal injury protection coverage. The bodily injury liability coverage requires that Texas drivers carry at least $30,000 per person and $60,000 per accident. Property damage liability requirements must be a minimum of $25,000 per accident. Personal injury protection coverage or PIP is $2,500 but can be rejected. It’s optional. 

Auto Liability Insurance

Auto liability insurance provides protection and coverage for other drivers on the road. This insurance is designed to provide compensation to other drivers for bodily injury as well as property damage in accidents where you are found to be at fault. This insurance prevents you from having to cover the full cost of property or medical damage to others if you are at fault. Of course, it also o9edrers medical bills and helps to pay for damage to other people’s vehicles and property. Liability insurance may also cover lost wages as well. Everyone benefits from auto liability insurance. The coverage protects both the driver as well as other motorists. Our team at  Allegiance Insurance Agency of Richardson, TX understands the benefit and necessity of carrying auto liability insurance. We’re here to educate, inform, and guide the auto insurance process. We can answer questions and make recommendations to help fit your unique situation. Give us a call. We’re here for you. Our job is to educate you and meet your insurance needs.

Do Richardson car owners always need classic car insurance?

Owning a car in the Richardson, TX area is a necessity. For those that love cars in this community, owning a classic car can be a dream and ultimate goal. If you are going get purchase a classic car when you are here, you need to make sure that you get the right insurance for it. There are a few reasons why you need to have classic car insurance for your vehicle. 

Insurance Will Protect Vehicle and Investment

If you choose to purchase a classic car, you will be making an investment and purchase that you will want to have last for a long time. The best way to protect it is with a classic car insurance plan. One of the advantages of this insurance is that you can insure the vehicle for a coverage amount that will protect the collectible value of the car. This can ensure your investment is properly covered.

Insurance Offers Liability Protection

If you are a classic car owner, you will want to take it out from time to time to show it off. If you do intend to take your vehicle out for a drive, you need to have liability insurance. Your classic car insurance plan will provide you with the necessary liability insurance protection to ensure you are in compliance with the law when driving it. 

If you want to get a classic car insurance plan and you are in the Richardson, TX area, you will want to speak with the team at Allegiance Insurance Agency. There are a lot of important factors to consider when looking for insurance and Allegiance Insurance Agency can make it much easier for you. The team can offer any support you need to understand your options and choose the right plan. 

4 Things to Consider for RV Insurance

Though the summer’s official start date is still weeks away, it’s always good to plan your RV insurance in good time. This way, you will be well covered by the time you hit the open roads in the heat of the summer. 

Below are four things to have in mind when looking for RV insurance from Allegiance Insurance Agency.

Personal belongings protection

Your RV serves as your second home. You spend a lot of time in your RV, meaning there are many personal assets in your RV. In case of theft, vandalism, fire, or any other peril, you could face substantial losses. While RV insurance doesn’t protect damage or loss of personal stuff, it pays for replacement when they are damaged or stolen. This way, you don’t have to start from scratch after a disaster.

Liability protection

Accidents can happen anywhere. Whether you are on the road or parked at a campsite, you can cause accidents that result in bodily injury and property damage. Liability coverage protects you from property damages, medical costs, and legal costs for accidents you are deemed liable for. 

Asset protection

How much have you invested in your RV? It must be massive, right? When shopping for RV insurance, you must ensure that it protects your RV against various risks. Comprehensive and collision coverages protect your RV against perils like accidents, fire, theft, falling objects, vandalism, hail, windstorms, and so forth.

Parking

While you may spend most of the time cruising on the open Texas roads, at some point, you may have to park your RV for a night or take a break after a long drive. Alongside protecting your valuables, you need RV insurance that offers roadside assistance, storage coverage, and emergency response when you are far from home.

Do you need RV insurance in Richardson, TX? Contact Allegiance Insurance Agency today, and we will help you secure you and your motorhome or camper with proper RV insurance.

Benefits of Getting Motorcycle Insurance

Just like home and auto insurance, your state likely requires you to carry some level of liability coverage if you own a bike. While it may seem like an extra expense, getting motorcycle insurance will help you stay on the right side of the law while protecting you when faced with any emergency. Below, Allegiance Insurance Agency explains the benefits of getting motorcycle insurance in Richardson, TX.

Liability Protection for Accidents You Cause

In the event that you are found responsible for an accident, the costs of bodily injury harm and property damage will likely rest on you. Such costs could end up accumulating to significant amounts, leaving you in an unfortunate financial position. With motorcycle insurance, you can cater to such liabilities without having to get back to your pocket.

Protection When You Are the Victim

When you get into an accident and get a bodily injury, or your bike gets damaged, motorcycle insurance will help cover the costs of treatment, repairs, or replacement of your bike. This also includes instances where you collide with underinsured and uninsured motorists, helping you offset any expenses arising from the accident. In addition to this, your passengers will also be covered by your motorcycle medical policy, helping ease any burden for bodily harm caused.

Coverage for Non-Collision Events

Bike damage does not necessarily have to come from collision accidents. Instances such as hail, fire, and vandalism could also destroy your motorcycle. If you find yourself in such situations, motorcycle insurance will help repair your bike and replace it when the damage sustained is unrepairable. Apart from this, you can also expect compensation when your motorcycle is stolen.

Flexible Coverage

Motorcycle policies are designed to meet different riders’ needs, making every coverage unique for each motorcycle owner. Your cover will likely be tailored to accommodate factors such as how often you ride it and the type of motorcycle you own. With such aspects in consideration, you get flexible options, allowing you to scale up or down your needs as time goes by.

If you are looking for motorcycle insurance within Richardson, TX, get in touch with Allegiance Insurance Agency today. Our policies are designed to meet your exact needs.