Does It Matter Which Company Underwrites My Insurance Policy?

As you shop for insurance in Richardson, TX, it’s important to look at who is the underwriter. While there are plenty of companies that will provide policies in Texas, it does matter.

Financial Integrity

One of the first reasons to care about your underwriter is due to financial integrity. Some insurance companies have a better financial outlook. You don’t want to get into a situation where you work with a company with a low rating. It could make it difficult for a claim to be paid on time. Additionally, some companies that struggle with their finances may do everything they can to prevent your claim from being accepted.

Reviews

Reading the reviews of insurance companies can tell you more about what to expect with them. Plenty of reviews can be found online from others who have experience with the company. They can tell you how the customer service is, how the rates are compared to other companies, and much more. If there are a lot of negative reviews, it identifies that you should proceed with caution.

What’s Available

You also want to look at what’s covered by your insurance policy. Allegiance Insurance Agency can work with you to determine what needs to be included in your policy. This includes exploring any riders that make sense for your individual situation. Whether you’re buying home insurance, auto insurance, or any other coverage, you need to make sure that your policy includes everything that will provide you with the necessary financial protection.

The agents at Allegiance Insurance Agency can show you the different underwriters that are available based on the type of insurance that you’re shopping for in Richardson, TX. Don’t assume that the lowest premium is the best option. The company that underwriters your insurance policy does matter and our agents will explain why.

 

 

 

When Will Auto Insurance Be a Necessity?

Driving a car is a necessity for many people. When you are looking to get a car and drive, one important thing to think about is your need for auto insurance. Having auto insurance is not only extremely important for anyone that owns a car, but it is legally required as well.

When You Want to Drive Legally

The first situation in which you will want to have auto insurance is when you want to drive your car legally. Driving a car come with a lot of responsibility and potential liability. Because of this, the state of Texas will require that you carry liability insurance coverage at all times. The state will require that you have property damage coverage of $25,000 for each accident as well as bodily injury coverage of at least $30,000 per injured person with a $60,000 per accident cap.

Valuable Car 

Another situation in which having insurance is a necessity is when it is a valuable car. If your car was expensive and is an important asset to you, getting additional collision and comprehensive insurance coverage is helpful and will provide you with coverage for a variety of other situations. This coverage will also be required if you have a loan or lease outstanding. 

Since having auto insurance is so important, meeting with a professional to discuss your needs and options would be a great idea for many people. For those that are in the Richardson, TX area, visiting with the team at the Allegiance Insurance Agency could be a great first step. The team at Allegiance Insurance Agency will be able to help you to better assess your auto insurance needs and help you to pick a policy that works for you.