It is a good idea to make sure you have adequate insurance protection to conduct a regular annual auto insurance review. Life changes of certain kinds and changes to your vehicle(s) are also a good time to have an auto insurance review. Talk to your agent at Allegiance Insurance Agency, serving Richardson, TX and the nearby area, when any insurance adjustments may be needed.
Changes that Affect Auto Insurance
Here are some changes that are good reasons for an auto insurance review:
Let your agent know if you are planning a move.
Marriage and Divorce
Getting married or divorced usually means changing the authorized drivers on the auto insurance policies.
Getting a New Job
If your new job adds to your commute distance, then this is something you want to tell your agent.
Changing Where a Vehicle is Parked
If you change where the vehicle is parked, for example, putting it in a secured garage instead of parking it on the street, let your agent know.
Letting Another Driver Use the Vehicle
If you allow another driver to use your vehicle, then ask your agent about adding them as an authorized driver.
Examples of improvements that warrant an insurance upgrade include custom work done on a vehicle, such as a new custom paint job. Also, installing new equipment, such as an expensive stereo system, a GPS device, an alarm, an anti-theft device, or adding a hitch to pull a trailer.
If you are going to pull a trailer be sure to let the agent know and discuss the value of what you will be pulling so that the protection for that item, such as a boat, can be put into place as well.
Changing Vehicle Usage
If you start using your vehicle for carpooling or work-for-hire, you will want to adjust the auto insurance to change it to a commercial policy to provide protection for the passengers and the new use.
Selling the Vehicle
Make sure the title is changed to the new owner before canceling your auto insurance to make sure there is no gap in insurance coverage. If you have any of these changes or others contact your agent at Allegiance Insurance Agency in Richardson, TX.