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.