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. 

Ways to avoid medical debt with health insurance in Richardson Texas

Medical debt has become a large problem for many people in the United States. As healthcare costs continue to increase, many uninsured Americans are left paying large medical bills because they have no other choice. This is true in Richardson, TX as well as every other city. Even those who are covered by basic health insurance but are lacking a comprehensive plan may still find themselves struggling if their coverage is inadequate or has very high deductibles for certain treatments. As people age and they deal with more health conditions and the need for regular care increases, this can trap them in a cycle of debt and unpaid medical bills. Elderly people on fixed incomes are especially vulnerable to this problem, as they often have little extra money beyond necessary expenses, which makes paying off large debts impossible. 

One of the best ways to prevent this debt cycle is to obtain and keep adequate health coverage as soon as possible. Knowledge of the healthcare situation in this country is the first step, but it is important to act in a preventive manner by securing a comprehensive plan before any health problems occur. One option is to contact Allegiance Insurance Agency with your concerns. Insurance professionals can use their expertise to help you after receiving some information about your age, history, and a few other details. Prevention through insurance is the only real choice when it comes to avoiding medical debt.  

Allegiance Insurance Agency serves Richardson, TX and is available to discuss coverage options with you. An agent can consider your specific needs and offer a plan that will help you avoid debt or other financial problems that are caused by excessive healthcare costs.  

Determining How Much Life Insurance You Need

When determining how much life insurance you should get in Richardson, TX, there are a number of financial considerations. You could also just choose to multiply your income by 10 if don’t want to look at other factors. An agent at Allegiance Insurance Agency can help you determine your needs.

Outstanding Debt: If you die with any debt, then your survivors are on the hook for it. This could happen if you have a co-signer on a loan, so you want to leave enough money to allow beneficiaries to continue paying off the obligation. This is especially true if loans are secured with collateral your dependents need to use, such as the home or car.

College: If you have children, consider the cost of college education. Education can help provide a comfortable life for your children, but it’s also one of the biggest expenses.

Dependents: If you have relatives or children who rely on you, then you should increase your life insurance policy to provide for long-term care.

Financial Cushion: Take stock of what you provide for your family. This means any necessities, such as medical expenses and food, as well as discretionary costs. Add up any fixed expenses and monthly bills to make sure that your life insurance policy can help take care of your share of these costs.

End of Life Expenses: Funeral expenses can be costly and many policyholders want to work these final expenses into coverage so families don’t have the financial burden when dealing with the loss of a loved one.

Your Age and Health: The older you get, the less coverage you need, since you will have fewer dependents and debts. Age shouldn’t be a reason you put off getting a policy though. The older you are, the more likely you are to die, and if you are more likely to die, your premiums will be higher.

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

 

What Is The Difference Between Commercial General Liability Insurance And A Business Owner’s Policy

The agents of Allegiance Insurance in Agency Richardson, TX will help you make an informed decision of your coverage options for liability insurance that fits your business plan. The type of liability insurance depends on the risk characteristics of your business or profession.  It is essential that there is a basic knowledge of the types of liability insurance coverage with the purpose of adding new coverage as the business changes and expands.  

General liability insurance covers any expenses related to non-employee injuries incurred on the business’s property, libel and slander caused to a third-party, third-party bodily and property damages, medical expenses, product liability, damage you cause to someone else’s property and the costs of defending against a lawsuit and paying for settlements or judgments.  General liability does not cover professional errors, employee injuries, damage to your business property and employment discrimination lawsuits. The risks not covered by general liability is covered by specific general liability policies such as professional liability (errors and omissions), business interruption insurance, business theft, and worker’s compensation.  These policies must be added to the general liability policy.

However, a Business Owners Policy (BOP) is a bundle of policies that more effectively protect the small business at a lower cost can.   A BOP is a combination of general liability insurance and business property insurance, and business interruption. A  BOP  provides a named-peril coverage, while an open peril or "all risk" coverage can be purchased. Thus a BOP, unlike general commercial liability insurance, the business owner can recover from business property damages caused by others. Crime insurance can be added to a BOP.  However, worker’s compensation and professional liability are typically separate policies.

The agents of Allegiance Insurance Agency in Richardson, TX are prepared to provide you with information on business liability insurance.  Please call!

3 Ways to Reduce Your Risk of a Home Fire

The agents at Allegiance Insurance Agency know how devastating a home fire can be. It is estimated that a home fire occurs every 86 seconds. This can result in billions of dollars each year. The following tips are meant to help the residents of Richardson, TX avoid being the victim of a house or apartment fire.

Eliminate Extension Cords

Eliminate extension cords and replace them surge strips that are designed to handle more current. Surge strips also protect items from surges of electricity that can blow circuits and damage components. Regular extension cords can be trapped under rugs where they can fray and spark a fire.

Install Smoke Alarms

Homes and apartments should have at least two smoke alarms, one near the kitchen and one in the hallway near the bedrooms. If there is more than one floor, a smoke alarm should be installed on each one for maximum coverage.

Don’t Leave Candles Unattended

Never leave candles or open flames (fireplaces) unattended. If you are leaving, even for a few minutes, blow out the candles and allow the flames in the fireplace to burn down. Unattended candles are often the cause of home fires. It’s important to make sure they are always extinguished before going to bed or leaving a room for an extended period of time.

Richardson, TX residents are encouraged to call the agents of Allegiance Insurance Agency if they want to learn more tips on how to protect their homes from smoke and fire damage. They can make recommendations on ways you can protect your home from various other potential hazards. Schedule a meeting today to learn more.

Ways to Save on Motorcycle Insurance

Motorcycle insurance in Richardson, TX is a necessity, but finding ways to save can make all the difference.

Drop Full Coverage: You are required to have liability insurance, but if your bike isn’t worth much or is old then you don’t need collision or comprehensive overage. If you do get into an accident and you are not at fault, then the other person’s liability insurance will pay for damages.

Choose a Cheaper Bike: Certain bikes are going to cost more to insure. Sports motorcycles may have a higher premium than traditional road bikes. If you are looking to replace your motorcycle, then you may want to call your insurance company first to see how much more you could be spending with a different bike.

Raise Your Deductible: The more you are willing to pay if you need to file a claim, then the cheaper your premium will be. If you can raise your deductible from $250 to $1000, then you could save up to 20%. Ask your agent what you are paying for your deductible now and how much you could save if you raised it.

Ask about Discounts: Ask an agent at Allegiance Insurance Agency about available discounts. You could get discounts for having anti-theft devices or keeping your bike in a locked garage. You could be surprised to learn you qualify for discounts you never would have thought of.

Infrequent Rider: If you are only a part-time rider, there could be policies for you that will only provide coverage part-time. This is especially great if you aren’t riding in winter due to the weather. However, this may only work if you don’t have a loan on your bike, since your lender may require full coverage at all times.

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

 

How Does Classic Car Insurance Work?

Classic car insurance in Richardson, TX helps protect classic or antique cars that aren’t for everyday driving. While it covers some similar items to regular car insurance, there are some differences to note.

Your car must be eligible for classic car insurance. It must either be a classic or antique car. A classic car is a car that is 10 to 24 years old and has historic interest, while an antique car is 25 years or older and also has historic interest. In addition to having your car qualify, you need to meet some other requirements. This includes using your car only on a limited basis, having your car preserved or maintained in its original condition, and storing it in an enclosed space.

Your insurance agent at Allegiance Insurance Agency will have an agreed value for the vehicle. A professional appraisal helps determine the agreed upon value. If your car is destroyed, damaged, or stolen, then insurance pays you the agreed value and not the actual cash value or the stated value.

Classic car insurance will have some specific terms that can vary by policy and can limit the way you use your vehicle. It’s necessary to understand these terms. You may be limited to using your car at auto club events, parades, car shows, exhibitions, or similar events. There could also be a mileage limit. You do also have to store your car in a specific way when it is not being used. If you do need to make repairs on your car, there may be only certain shops you can go to, so check to see if you can take it to a shop you prefer. Also don’t let coverage lapse. Just because the car is in your garage, it doesn’t mean it’s safe.

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

When to Bundle Auto Insurance for Your Family

As your Richardson, TX family matures and grows older, your children will start driving cars. We at Allegiance Insurance Agency suggest that you bundle your auto insurance policies with those of your children to create lower premiums and maximum protection.

Teen Drivers May Have Trouble With Insurance

Teenage drivers have typically been considered a higher risk to insure because they are newer drivers and may behave in dangerous ways when on the road. Therefore, you can expect much higher premiums for your teens than you would for yourself because you have a history of skilled driving.

However, teens also experience complications such as difficulties finding comprehensive coverage and limitations on what kind of policies that they can buy. Teen drivers may find it hard to either pay for these rates or parents may struggle to justify paying them for the teen.

Bundled Policies Provide Many Benefits

When you bundle your policies together as a family, you provide many benefits. First of all, you’ll create a simpler-to-pay lump payment that makes it easier for your family to pay on time. Just as importantly, you can help your teen out in many ways.

For example, teens on a bundled policy with their parents will save money and be open to more high-quality insurance policies. Work something out with your teen, where they pay you their share of the policy every month, and you can save together as a family.

Consider Bundling Your Policies

As you can see, bundling your family’s policies together can help to streamline the situation and decrease your premiums. So if you live in Richardson, TX and want high-quality auto insurance for your family, please contact us at Allegiance Insurance Agency right away to set up a bundle that will protect your family.

How RV Insurance Can Get You Back on the Road

Investing in an RV is a big move. Planning to spend months or even years on the road is a bigger move. Anyone who has put their money into an RV should look at all of the coverage options of RV insurance. Of course, just like a car or truck, RV’s need to have a minimum amount of insurance. But unlike a car or truck, a lot more is at risk if an RV is stolen or damaged in an accident. The risk of lost possessions in a car is much lower than in an RV. People typically don’t carry their lives around in their cars but on extended RV vacations, or retirement in an RV, important paperwork and possessions are typically along for the ride.

RV insurance gives owners coverage for many of the same things as auto insurance like liability, collision, and comprehensive coverage. But unlike auto insurance, RV insurance offers extra protection for personal belongings, equipment add-ons, modifications like satellite dishes, and things like awnings. At Allegiance Insurance Agency serving the Richardson, TX area, we understand RV insurance and guide our customers to the right policy for them.

Here are some options RV insurance includes as added coverage:

  • Vacation protection
  • Emergency expenses
  • Roadside services
  • Full-Time Resident Coverages (similar to a home policy)

Without appropriate add-on coverage, an RV owner could be facing a catastrophe that’s going to be hard to crawl out of. Imagine being caught in a situation where the RV is on fire while its a full-time residence. Where would the owner stay while waiting for a claim to be processed? How would they get around to shop for a new RV?

RV insurance with the proper add-on coverage (depending on how long one will be living the RV) will make sure that the unbearable doesn’t happen. For reliable and knowledgeable information about RV insurance options contact Allegiance Insurance Agency for service in Richardson, TX.