3 Scenarios Where You’d Need Home Insurance

If you live in Richardson, TX and are looking to buy a new home, you’ll need to first obtain home insurance before you can get a mortgage. The bank wants to protect the collateral you put up – your house. The bank understands how important this asset is and that it requires home insurance should something happen down the road. If you’re wondering what kind of scenarios call for home insurance, read on to find out.

1. Injury on Your Property

Whether you have a pool, trampoline, or lots of stairs, someone could get injured on your property in Richardson, TX. Of course, this is something unexpected, but for which you can be prepared for by having home insurance with the help of Allegiance Insurance Agency. If someone is injured on your property from a slip and fall or other accident, they can sue you. Home insurance will help you through this time of litigation. Otherwise, you face it on your own.

2. Fire

Fires are devastating events. While sentimental possessions can never be replaced, you can at least have peace of mind knowing that everything else ruined in a fire can be. If you should suffer a fire, your home insurance claim will help you replace what was lost while you rebuild your home.

3. Theft

Having a stranger go through your things looking for something to steal is unnerving, to say the least. To prevent theft on your property, be sure to install a quality security system that includes outdoor lighting and an alarm. However, if you are burglarized your home insurance will help you recoup the cost of what you lost after you pay your deductible.

To learn more about purchasing home insurance, contact the team at Allegiance Insurance Agency, serving the Richardson, TX area. 

Why should a business in Texas get commercial insurance?

The Richardson, TX area is a very fast-growing community that continues to offer a lot of advantages to local residents. Along with this growth, it is also a great place to start and own a business. If you are interested in starting a business here, you do need to make sure that you protect your company as well as possible. A great way to do that is with a commercial insurance policy. There are several reasons that a business here should get this insurance protection. 

Insurance Could Keep Business Solvent

One reason that you need to get this insurance coverage is that it could keep your business solvent. If your business ever experiences a fire, a liability claim, or other situation that could result in the loss, the impact could be very bad for your company and challenge its solvency. Fortunately, with commercial insurance, you can receive protection against this risk as you can get protection for your assets and liability coverage. 

Insurance is a Requirement

Another reason that you should get commercial insurance is that it could be a requirement. Many businesses will end up taking out a loan or raise capital to build and grow the company. If you do, you will have specific insurance requirements that need to be met in order to stay in compliance with various agreements. 

When you are shopping for a commercial insurance policy in the Richardson, TX area, you will want to speak with an insurance team that is experienced in helping businesses such as yours. You should call Allegiance Insurance Agency to get the guidance that you need to choose your next policy. The team at Allegiance Insurance Agency can help you to understand the options and needs of your business, which will help ensure you get the best policy possible for your situation.