Does My Car Insurance Cover Hail Damage?

Bad storms can bring high winds and hail to the Richardson, TX area. If your car is setting outside, hail damage can be costly to repair. The agents at Allegiance Insurance Agency can discuss your policy options with you to ensure you get the coverage you need. It’s important to know what type of insurance coverage you need to cover hail damage and the cost to repair it. 

Comprehensive Coverage

A comprehensive insurance policy will cover hail damage as well as most other types of damage. It also covers vandalism, theft, and flood damage. This type of policy is a must if your vehicle still has a banknote attached to it. Most lending institutions require you to carry comprehensive coverage for as long as you are making payments. Once your car is paid off, you have the option to drop your coverage to collision or PL/PD.

What Does Collision Coverage?

Unlike comprehensive coverage, collision insurance will only cover damage to your vehicle that is a result of a collision or crash. It will not cover any type of weather-related damage. Collision is much cheaper than a comprehensive policy and is a popular choice for individuals who have recently paid their car off and are looking to reduce their premiums. 

If you live in the Richardson, TX area and have questions about what each type of auto insurance covers, contact the agents at Allegiance Insurance Agency. They have the answers you need and will go over all of the options with you. They can help you decide which policy best suits your needs. Call and talk to them today so you can schedule an evaluation of your existing policy.

Classic Car Insurance Facts

Classic car insurance is a type of nonstandard insurance. Allegiance Insurance Agency in Richardson, TX offers classic car insurance. If you are wondering if classic car insurance is right for you, check out these facts.

How Classic Car Insurance Differs from Standard Car Insurance

Standard car insurance policies will normally cover the cash value of the vehicle. This means it will cover what it would cost you to replace the vehicle. As time goes on, the car depreciates in value. As it depreciates the amount that the policy will cover decreases.

Classic cars are usually insured for an agreed-upon value. This means they are covered for an amount agreed upon by you and the insurance company. Classic cars often appreciate in value with time. The agreed-upon value can stay the same or be renegotiated when it’s time to renew your policy.

Vehicle Requirements for Classic Car Insurance

A car must be at least 15 years old before it can before it can be considered a classic car. Some states require the car to be at least 25 years old. In some cases, cars that are newer can be insured with classic car insurance. However, the car must be very rare or exotic to qualify.

 It must not be the car you drive every day. Many insurance companies place limits on how many miles can be driven in the car in a year. 

Classic cars must be parked in a secure location. A garage is often suitable, but some people choose to utilize a classic car storage facility for extra security and protection.

At Allegiance Insurance Agency in Richardson, TX, we are happy to offer classic car insurance. Contact us today to see if classic car insurance is right for your needs.