Should You Have Motorcycle Insurance Year Round?

If you’re in the Richardson, TX area and own a motorcycle, you may be wondering whether you need insurance on it year-round, even if you’re not riding it in the winter months. The short answer is yes because Texas requires all motorcycle owners to have their bikes insured. But the kind of policy you have and how much coverage you need or want on your motorcycle may be something you’re not sure about. At Allegiance Insurance Agency, we can help you find the motorcycle insurance that’s right for your situation, so you can have peace of mind, follow the law, and enjoy your motorcycle anytime you want to ride it.

Year-round coverage for your motorcycle is a good choice even if you’re not riding when it’s cold or raining outside. If you’re not covered during those times and something happens to your bike, you may not have any way to get compensation for that. You may also decide to ride during the colder months, and you don’t want to be uninsured and forget that you’re not covered. That could lead to disastrous results for you, and for other people if you happened to cause an accident. Fortunately, there are good options.

Reach out to us today at Allegiance Insurance Agency, and let us help you with your Richardson, TX area motorcycle insurance needs. We understand that it’s very important to have quality protection on your bike all year round, and our dedicated agents can work with you to find the policy you need and deserve. Then you’ll have more peace of mind and can enjoy your rides no matter what time of year it is. Whether you’re taking long rides in the country on the weekends or commuting to and from work each day, we can help make sure you’re covered.

Important Variables To Consider While Researching Boat Insurance Coverage

Allegiance Insurance Agency serves the Richardson, TX community. We offer our clients policies designed to meet their unique needs. For over 10 years, we have taken pride in serving the community as an independent agency.

Boat Insurance Variables

During warm summers in Texas, many people enjoy heading out on the water in their boats and having fun. If one of your main hobbies is operating a boat, boat insurance is an asset. You will be protected if something goes wrong and you are involved in a collision. You are also covered if your boat and your personal items are stolen. Liability coverage protects you if your boat causes damage to someone else’s property or if one of the passengers on your boat is injured. Here is a look at some important variables to consider while researching coverage.

Natural Erosion

The more that you operate your boat; you will see some natural wear and tear start to surface in a few years. However, keep in mind that your boat insurance policy does not automatically cover your boat’s natural erosion. That’s why performing proper maintenance on your boat is so important. Take care of your boat so that you can avoid dealing with potential losses due to natural erosion.

Accessories

You may have to amend your policy to cover any special accessories and equipment that you want to add to your boat. If you plan to renovate your boat, add a GPS system, or some type of anchor, you’ll need to add extra coverage to protect you if those items are damaged or stolen.

Navigational Limits

While your boat insurance policy should allow you to navigate freely around the local Richardson, TX area, you need to check your policy’s navigational limits if you plan to go any further. The navigational limits outline the distance that you can operate your boat and still maintain full coverage.

Allegiance Insurance Agency Will Help You Find Coverage.

Tips for Choosing a Life Insurance Beneficiary

Choosing a beneficiary for your life policy is an important step in the insurance process. Your beneficiary is the individual designated to receive monetary benefits after your demise. Beneficiaries can be family members, friends, co-workers, or a favorite charity in Richardson, TX. These tips from Allegiance Insurance Agency can help you in selecting the right beneficiary for your policy.

Spouse & Children

If your intent in taking out a life policy was to provide financial support for your spouse and children in the event of your unforeseen demise, they will probably be your preferred beneficiaries. Life benefits will help replace your income in meeting your family’s financial needs after you’re gone. These benefits can be used to pay off debts, cover food and rent, pay for your kids’ schooling, and more.

Aging Parents

If you’re supporting your aging parents in retirement now, making them your beneficiaries will ensure they continue to receive support after you’re gone.

Siblings

You may want to designate younger siblings as beneficiaries to help cover their college costs. If you have a sick or disabled sibling, life benefits can help him or her with medical treatment costs.  

Close Friends/Co-Workers/Charity

Your beneficiary doesn’t have to be a family member. You could designate a close friend, co-worker, or business partner in Richardson, TX as your beneficiary to help them financially after you’re gone. You can even name a favorite charity as your beneficiary to provide for needy people in your community.

One or More Beneficiaries?

You can choose one beneficiary to receive your life benefits or divide your benefits between various beneficiaries in whatever way you choose. This gives you greater control in helping loved ones after you’re gone.

To learn more about life insurance options, benefits and costs, call or visit us at Allegiance Insurance Agency.

Who needs to get health insurance?

When you are in the Richardson, TX area, there are a variety of insurance policies that you should obtain. One type of insurance that people here need to get is health insurance. This provides very valuable coverage and can help you receive quality healthcare and attention. There are several situations when someone will need to get this type of care. 

Those that Want to Have Access to Affordable Care

Having access to affordable care is extremely important. Those that are able to see a doctor and receive necessary medications can end up living a healthier life than those that do not. When you have health insurance, you are going to be able to get the care that you need at a more affordable rate. If you do not have insurance, this cost will be much higher. Further, without health insurance, if you are ever injured or get sick, the cost of going to an emergency room for medical attention will be extremely high.

Those that Want to Comply with Law

You will also want to get health insurance if you want to comply with the current laws. In the country today, all people are required by law to carry health insurance. If you do not have this insurance coverage, you could be penalized at the end of the year.

It will continue to be very important that people all over the Richardson, TX area get into an appropriate health insurance policy. If you are in the market for a new policy, it would be a good idea to call the insurance professionals with the Allegiance Insurance Agency. If you do work with the Allegiance Insurance Agency, you can get the guidance and support that is needed to choose the right policy that gives appropriate health insurance coverage. 

3 Scenarios Where You’d Need Home Insurance

If you live in Richardson, TX and are looking to buy a new home, you’ll need to first obtain home insurance before you can get a mortgage. The bank wants to protect the collateral you put up – your house. The bank understands how important this asset is and that it requires home insurance should something happen down the road. If you’re wondering what kind of scenarios call for home insurance, read on to find out.

1. Injury on Your Property

Whether you have a pool, trampoline, or lots of stairs, someone could get injured on your property in Richardson, TX. Of course, this is something unexpected, but for which you can be prepared for by having home insurance with the help of Allegiance Insurance Agency. If someone is injured on your property from a slip and fall or other accident, they can sue you. Home insurance will help you through this time of litigation. Otherwise, you face it on your own.

2. Fire

Fires are devastating events. While sentimental possessions can never be replaced, you can at least have peace of mind knowing that everything else ruined in a fire can be. If you should suffer a fire, your home insurance claim will help you replace what was lost while you rebuild your home.

3. Theft

Having a stranger go through your things looking for something to steal is unnerving, to say the least. To prevent theft on your property, be sure to install a quality security system that includes outdoor lighting and an alarm. However, if you are burglarized your home insurance will help you recoup the cost of what you lost after you pay your deductible.

To learn more about purchasing home insurance, contact the team at Allegiance Insurance Agency, serving the Richardson, TX area. 

Why should a business in Texas get commercial insurance?

The Richardson, TX area is a very fast-growing community that continues to offer a lot of advantages to local residents. Along with this growth, it is also a great place to start and own a business. If you are interested in starting a business here, you do need to make sure that you protect your company as well as possible. A great way to do that is with a commercial insurance policy. There are several reasons that a business here should get this insurance protection. 

Insurance Could Keep Business Solvent

One reason that you need to get this insurance coverage is that it could keep your business solvent. If your business ever experiences a fire, a liability claim, or other situation that could result in the loss, the impact could be very bad for your company and challenge its solvency. Fortunately, with commercial insurance, you can receive protection against this risk as you can get protection for your assets and liability coverage. 

Insurance is a Requirement

Another reason that you should get commercial insurance is that it could be a requirement. Many businesses will end up taking out a loan or raise capital to build and grow the company. If you do, you will have specific insurance requirements that need to be met in order to stay in compliance with various agreements. 

When you are shopping for a commercial insurance policy in the Richardson, TX area, you will want to speak with an insurance team that is experienced in helping businesses such as yours. You should call Allegiance Insurance Agency to get the guidance that you need to choose your next policy. The team at Allegiance Insurance Agency can help you to understand the options and needs of your business, which will help ensure you get the best policy possible for your situation. 

Why should I get auto insurance in Richardson?

In the Richardson, TX area, people will have a lot of different professional opportunities and recreational activities that they can take advantage of. If you are going to move here, owning a car will make it a lot easier to get around to enjoy all of the amenities. When you are searching for a new policy here, you should carefully assess your insurance needs. There are several reasons why you should get an auto insurance policy when you own a car here.

Insurance Will be Required 

One reason that you should get auto insurance here is that it will likely be a requirement for you. Anyone that wants to drive their cars on a road in Texas will be required to have liability auto insurance. With this form of auto insurance, you will have the protection to pay for any damages you cause in an accident. Also, if you have taken out a loan or lease to get the car, the financier will likely have auto insurance requirements that you need to meet.

Insurance Protects Assets

Additionally, you will want to have auto insurance because it can protect your asset. Buying a car is a big purchase and investment that you need to carefully protect. A great way that you can protect this asset is by getting a full auto insurance policy. If you have full coverage, you will receive protection against a variety of risks including theft and accident damage.

When you are going to get auto insurance in Richardson, TX, you should call the Allegiance Insurance Agency. The team at the Allegiance Insurance Agency knows how important your choice is when it comes to picking a new policy. They will be able to assess by giving guidance to help you choose the right policy that meets your coverage needs. 

Common Myths About Classic Car Insurance

A classic car is a precious possession and expensive investment. If you are a classic car owner, you probably understand how important classic car insurance is. While you are researching different coverage options available, it is necessary to be aware of the misconceptions about this type of insurance being spread. Allegiance Insurance Agency serving Richardson, TX has prepared for you the list of 3 most common myths you should know: 

Classic Car Insurance and Standard Auto Insurance Are The Same

This is incorrect. The main difference between them is the factors that they take into consideration. For example, classic car insurance considers the number of times classic car owners drive their classic cars, the use of the car (whether it is used for display at car shows), and storage conditions. A comprehensive insurance policy for a classic car is more sophisticated than a standard car insurance policy. 

You Can Get Classic Car Insurance For an Antique Car Only

Actually, your vehicle does not have to be antique. Even the cars that are only 25-30 years old fit the criteria to be considered classic cars. In addition, there are other vehicles that qualify for the policy as well, including classic motorcycles, street rods, custom cars, and tractors. 

It Is Complicated To Get Classic Car Coverage

It is actually pretty easy. As long as your vehicle is at least 25 years old, property stored and is driven on a limited basis, you can purchase a classic car insurance policy. However, first, you need to get your car appraised to know its actual value. 

If you are the lucky owner of a classic car from Richardson, TX or any other surrounding areas and you are searching for a trustworthy insurance agency to purchase an insurance policy for your precious possession, Allegiance Insurance Agency will be glad to assist you. All you need to do is to visit our website or give us a call for more information. 

Is RV insurance mandatory in Richardson TX

Owning an RV is one of the most convenient and fun ways of traveling across Richardson, TX, and beyond. It is a vast investment that requires special treatment. Many RVs double the price of regular cars while some cost as much as the cost of buying a house. For this reason, you want to make sure that your home on wheels is protected by quality RV insurance. While it is not mandatory in Texas, Allegiance Insurance Agency experts recommend buying insurance that costs as much as the RV itself.

When will I need RV insurance?

Just because it is not mandatory doesn’t mean you will never need it. However, it’s essential to note that RV insurance varies based on needs. Unlike auto insurance, where several coverages are a requirement by the law, RV insurance is more flexible and allows you to enjoy various coverages. Remember, your home on wheels is no different from your standard car because both use roads and have similar risks. If you have to connect it to a truck or SUV to move it, then you don’t need to buy separate insurance because the truck or SUV pulling it already has.

Which coverages should I consider?

Rv insurance comes with basic auto insurance coverages, but also extends to other RV related risks. Your responsibility is to conduct thorough research to know which coverages will work for you based on where you live, where you travel most, the age and model of your RV, and other factors. If you are a frequent traveler, you want to look for a coverage that protects you while on the roads such as collisions, custom equipment, comprehensive and medical payments.

Other RV related coverages to consider include:

  • Safety glass replacement
  • Roadside assistance
  • vacation liability
  • Awning replacement 
  • Full-timers package

For all your RV insurance needs in Richardson, TX, please feel free to talk to our insurance experts at Allegiance Insurance Agency, and we will be happy to help.

What to Expect from Motorcycle Insurance

Buying a motorcycle is an exciting item to purchase. You just can’t wait to get on the open road and cruise through the streets. Once you have your gear, your helmet, and the rider’s jacket, you’ll need to secure insurance for your vehicle. There are a few things you should know when it comes to having motorcycle insurance and the insurance agents at Allegiance Insurance Agency in Richardson, TX can go over your options when you’re ready.

What to Expect

There are three things that you should know before you purchase motorcycle insurance.

  1. According to the Texas Department of Insurance, everyone who drives must provide proof of financial responsibility. Proof of responsibility is determined by the amount of money and assets you own. For those individuals who are not independently wealthy, financial responsibility means acquiring insurance.
  2. In Texas, you need to have liability insurance in order to ride.
    • Bodily injury liability can help with an injured person’s medical needs.
    • Property damage liability is useful if you cause damage to another person’s property.
  3. Premiums are usually less expensive on motorcycles than on cars or trucks.

Optional Motorcycle Coverage

Although motorcycle insurance may be less expensive than car insurance, you don’t have to stop at the minimum coverage. Adding collision and comprehensive coverage could help cover your vehicle’s repairs after an accident.

  • Collision coverage is used to repair your bike if you hit another vehicle or an object, such as a building, or a tree.
  • Comprehensive coverage is designed to be used to repair or replace your motorcycle after an accident.

Stop by Allegiance Insurance Agency in Richardson, TX has supportive agents that can guide you through your policy and help you determine what insurance you need before your motorcycle journey begins.