Insurance policies can be a lot of reading and often contain jargon, making the policy a bit confusing. However, it is vital to read and understand the entire insurance policy. Understanding what is written in your insurance policy, you know what is covered, what is not covered, and how to file a claim in Richardson, TX. For additional help reading your insurance policy, give us a call at Allegiance Insurance Agency.
Read the Entire Thing
The best way to understand what is and is not covered by your insurance policy is to read the entire thing. Take time to sit down and read it front to back. It may be best to break down your reading times into small chunks.
Understand the Definitions
There are terms insurance companies use throughout their policies. In most cases, these terms are defined throughout the policy. Read the definitions and understand how the terms affect your policy and insurance coverage. Most policies have these terms either written in quotation marks or all uppercase letters.
Pay Attention to Special Amendments
In some cases, your insurance covers a particular item, but there is a specific amendment that excludes it later in our policy. Pay close attention to these amendments and understand how your coverage protects you and your property.
Write Down Questions
If you have any questions about what you read in your policy, write them down. Then take time to reach out to your insurance agent to help answer those questions.
Hopefully, this helps you understand your insurance policy in Richardson, TX. If you still have questions about your policy, call our experts at Allegiance Insurance Agency.
The joy of getting a new car in Richardson, TX is like no other. However, owning a vehicle comes with responsibilities, including ensuring your current insurance coverage gets transferred to the new vehicle. The biggest question many new car buyers have is, “Will my insurance cover my new car?” Please continue reading to answer that question and then call us at Allegiance Insurance Agency with any additional questions.
Is My New Car Covered?
If you get a new car, your existing auto insurance will automatically cover it. However, the coverage you have on the new vehicle depends upon whether the car is a second car or a replacement car. If it is an additional car, you receive the same coverage as the car on your policy with the most coverage. However, if it is a replacement car, you will receive the same coverage as the car it is replacing.
It is recommended you contact your insurance agency as soon as possible to update your policy to include the new vehicle.
How Long Is My New Car Covered?
Typically, you have four days to notify your insurance agent about your new car purchase. If you know you plan to purchase a vehicle, it is best to contact your insurance company before you go shopping to verify your policy’s details and ensure your new car is covered.
I Bought My First Car — Do I Need Coverage Before I Purchase It?
If you purchase a car and do not have any existing car insurance policies, you must obtain car insurance before buying the vehicle.
When you buy your new car in Richardson, TX, we will be here to help get you insurance coverage. Call our agents at Allegiance Insurance Agency today for additional information about car insurance and if your new car is covered under your current policy.