Boating Season is Almost Here: Is Your Insurance Up to Date?

Boating season is a great time to be in the greater Richardson, TX area and the Allegiance Insurance Agency is here to ensure that you have the coverage that you need before you head out onto the water! Boating is a great way to enjoy the summer with your friends and family and having the peace of mind that comes with knowing that you are covered in the event of an accident will make your boating experience even better. Our entire team is here to review your boat insurance needs with you to ensure that you will be protected in the event of a breakdown, theft, fuel spill, or accident.

Liability coverage is important when you are selecting the right boat insurance for your needs. This coverage will protect you in the event that your boat is involved in an accident that causes physical harm to anyone involved in the occurrence. Having the appropriate liability coverage can help prevent you from having to come out of pocket to cover medical expenses. Damage to your boat can happen due to debris in the water, difficulties docking, or when trailering the vessel and the right policy can help to defray the cost of repairing such damage. Don’t let a boating mishap put a damper on your summer fun! With an adequate insurance policy in place, you can sit back and relax!

If you are considering a new boat purchase, or just want to ensure that your current policy provides the necessary coverage, please come talk to the fine folks at Allegiance Insurance Agency. Feel free to stop by or call with any questions or concerns that you may have relating to your boat insurance needs in the greater Richardson, TX area.

2018 Health Coverage Requirements – Tax Law Changes

As many folks remember, when the Healthcare Reform Act was passed in the early years of the Obama Administration, better known as Obamacare, a requirement was put into law that everyone had to have some form of healthcare insurance in place. For businesses, there were also big changes with needing to track, report and ensure their employees had been provided healthcare insurance. Small family businesses and those with less than 50 employees were generally exempt from the new tax law changes, but everyone else, for the most part, was caught up in the change. Now in 2018, with a whole new set of tax law changes, the basic healthcare requirement on individuals has been eliminated. In doing so, the federal changes have again reshaped the landscape for what kind of health and business insurance a company needs to have in place now going forward to avoid related tax penalties.

Both in terms of required employee benefits as well as workers’ compensation, the landscape is now shifting back to the previous form, but there are leftover requirements causing more confusion for companies as to exactly what is required in 2018. And failure to get it right can still leave a Richardson, TX business with painful financial penalties from both the IRS as well as state tax agencies. The ideal approach is not to go it alone but instead to work with a knowledgeable expert for the right response to the changes. The experts at Allegiance Insurance Agency can help. They have a full understanding and background in the latest healthcare requirements and can guide clients to the right policies for specific needs. Give Allegiance Insurance Agency a call to find out more today!

Protecting your business with life insurance

 You have worked hard to get your small business established, and you need to make sure there is adequate insurance to protect that business. Everyone things of liability insurance, or fire and theft insurance, but using life insurance may also be a way to protect your assets.  Agents at Allegiance Insurance Agency in Richardson, TX can help you make sure you have the coverage you need, and that you are using it to your best advantage.

Some small businesses also offer commercial  life insurance as a benefit to their employees, and this can be another area to consider as yo think about your insurance needs.

Another option is with commercial life insurance on the owner, or owners, of the business.  Most people want to see their business succeed even after they are gone. If you die and leave insurance behind, you can rest assured that the business can continue operating and can continue to be a  success.

Many small businesses are in debt, and are paying off funds they used to get the business started in the first place. If the owner dies, that debt still has to be paid. There may be legal implications for the family if the loan was in the name of the owner instead of the business. if that owner had life insurance for that purpose, the loans could be paid off and the family would be protected.

Agents at Allegiance Insurance Agency in Richardson, TX, can help you determine the best course for protecting your business, and your family, both now and into the future. Having a policy like this can pay off loans, but it can also provide money for day to day operations. With this type of coverage you can be assured your family and business will be able to function after you are gone.

Here Is Why Worker’s Compensation Insurance Is So Important

Your workers’ compensation policy is the smallest add-on to your commercial insurance plan. Yet, with its small stature compared to the others, workers’ compensation is one of the most important indemnity plans you can have for your business. A good compensation policy pays for your employee’s rehabilitation and lost wages when they become injured on the job. Your plan can also save you from a lawsuit if a worker is severely injured and unable to return to regular job duties.

Allegiance Insurance can help you find the right commercial insurance policy in Richardson, Texas.  

Workers’ Compensation Is The Law

Numerous states throughout the country require business owners to obtain workers’ compensation insurance. The terms apply even if you only have one employee. You do not want to face serious fines all because you failed to obtain the right commercial insurance. Things grow even worse when an employee is injured, and you lack the proper indemnity policy to pay for their medical expenses and time away from work. You could find yourself on the receiving end of a large lawsuit from the injured laborer as well as the recipient of a hefty fine from government authorities if you neglect your legal duties to obtain and keep workers’ compensation insurance. 

Assurance Protects Your Greatest Assets

You would not be able to go far in life without the hard work and dedication of your employees. Why wouldn’t you want to protect your laborers at all costs? Workers’ compensation insurance lets you provide a cushion to your workers in the instance of them encountering an injury at work. It is important to note, though, that keeping a proactively safe environment is the best way to maintain low premiums for an assurance plan. 

Finding the best workers’ compensation add-on for your commercial insurance policy is mostly a matter of having the right agent. All of our specialists at Allegiance Insurance are skilled professionals who can help you protect your business in Richardson, Texas. Call us today for a quote!

Are There Gaps in Your Auto Insurance?

If you haven’t reviewed your auto insurance policy in a while, you may be unaware of gaps in your coverage. Over time, you may need to adjust your coverage to keep it up to date. By reviewing your policy with an agent from Allegiance Insurance Agency in Richardson, TX, you can determine if there are gaps in your coverage and how to correct them. Here are some areas where you may be lacking in your auto insurance policy.  

Full Coverage

Consumers who have full coverage often feel fully protected against any eventuality. If your liability limits haven’t been revised in some time, however, you could suffer loss if you’re found liable for an accident that causes severe injuries or property damage above your liability coverage. By adding umbrella insurance to your portfolio, you can increase liability coverage to $1 million or more to fully protect your assets.

Uninsured/Underinsured Motorist Coverage

Lack of uninsured/underinsured motorist coverage could put you at risk of financial loss. If you’re involved in an accident where an uninsured driver is at fault, you may wind up footing the bill for your injuries or damages. Without insurance, the at-fault driver will be incapable of assuming financial responsibility for the crash. Uninsured/underinsured motorist coverage gives you an extra layer of protection to safeguard your interests.

Collision and Comprehensive Coverage

Dropping collision or comprehensive coverage to save money on your premium could cost you more in the long run. If you’re vehicle’s damaged in a crash and you’re found at fault, you’d be responsible for repair costs. Without comprehensive coverage, you’d have to foot the bill for repairing or replacing your vehicle if it’s stolen or damaged in a storm.

At Allegiance Insurance Agency, Richardson, TX, we can help you revise your auto insurance policy to eliminate gaps, so you  benefit from the maximum protection you need.   

3 Modifications to Avoid on Your Classic Car Remodel

Restoring a classic car is the adventure of a lifetime. You get the chance to create a car that fulfills your wildest childhood dreams. While you’re working on your perfect vehicle, however, you might want to avoid these 3 potentially problematic modifications.

  • Skip the high-dollar cosmetic additions. Things like spoilers, specialized paint jobs, and exotic interior fabrics look cool but add little to the overall value of the vehicle. If you plan to sell the vehicle when you’re done, you won’t get nearly as much of your investment back. That also means your insurance payout would cover fewer repairs if you were involved in an accident. Instead, concentrate on making your rebuild authentic yet comfortable.
  • Is that engine modification street legal? Some performance-based mods actually make it illegal to drive your car. What is considered acceptable varies from state to state? If you house your classic car in the Richardson, TX are, Allegiance Insurance Agency can help you figure out how Texas state law affects your build plans. 
  • Don’t insist on original radio equipment. Modern car audio manufacturers create convincing fakes that resemble iconic car radios of the past. These devices often play CDs, connect to your phone or streaming device, or play other digital music files. Music makes driving so much more enjoyable. A modern stereo system also increases the vehicle’s trade value.

Whether you plan on keeping your classic car forever or selling it to the highest bidder, these 3 modifications add little real value to your vehicle.

The experts at Allegiance Insurance Agency helps classic car owners in the Richardson, TX area protect their restored classics on the road and at home. Contact our agents for more information.

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.