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.
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.
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.
Reviewing your homeowners’ policy is a great way to make sure you have the coverage you need at all times. There are several times when performing a review of your policy is beneficial. Talk to one of the agents at Allegiance Insurance Agency if you feel that your policy may be out of date. Richardson, TX residents can get the answers they need whenever they have concerns about their coverage.
Review Any Time There Is a Change in Your Home or Inventory
If you have purchased new appliances, larger furniture groups, or have made extensive renovations, it’s a good idea to contact an agent and have them go over your policy with you. Adding any new items to your video and written inventory is also a must. Always contact your agent any time you purchase new, high-dollar items for your home.
Average Rule of Thumb
On average, the rule of thumb for re-evaluating an existing homeowners’ policy is between two and three years. This is an average time frame. Some agents prefer one year and others may recommend four to five years between evaluations if there have been no large purchases or renovations. Get to know your agent and find out what their preferences are.
Agents who work for Allegiance Insurance Agency assist homeowners in Richardson, TX who need to have their insurance policy updated. A review of your homeowner’s insurance policy will show the strengths and weaknesses of your policy and what you can do to ensure you have the right amount of coverage. Talk to an agent today to determine if your policy has changed. They have the expertise you can rely on to make sure you have the perfect coverage for your needs.
Protecting your home is important to homeowners in Richardson, TX and to us at Allegiance Insurance Agency. Below are four of the best ways to keep your home safe and protected from thieves.
1. Install an Alarm System
One of the biggest deterrents for burglars is the presence of an alarm system. Attempting to get around it and keeping it from going off will put too much pressure on them. With an alarm system, you are notified immediately through an app on your phone. You can even have cameras installed to catch a visual of the person attempting to break into your home.
2. Choose a Different Door
Many burglars find that a front door or back door with a large enough window can be enough for them to smash and come through despite the door being locked. With a different door, you are still able to get the light shining into your home and keep burglars from literally climbing through the door.
3. Post Motion Sensor light outside
Around the perimeter of your home and property, you should post motion sensor lights that turn on when a large enough motion, such as a person walks by. For many thieves, these lights prevent them from looking for an entry point in the home and will often move away from your home.
4. Keep those Hedges Trimmed
Having landscaped hedges that are trimmed and cut low keeps perpetrators from literally hiding in the bushes, because they can be seen. They will see right away that there is nowhere to hide and will move away from your home.
Supplement with Home Insurance
While these tips are great, home insurance for your Richardson, TX is the best protection. Call our agents at Allegiance Insurance Agency today for more information.
Any changes that you make to the structure of your Richardson, TX home will affect your home insurance. Some renovations could raise the cost of your insurance premiums; others could make you eligible for home insurance discounts. By discussing home improvement plans with your Allegiance Insurance Agency agent in advance, you can get a better idea of how your projects will affect your insurance coverage so you can prepare to adjust your policy accordingly. Here are a few ways home improvements affect home insurance coverage and costs.
Reduces Insurance Premiums
Some renovations can actually reduce your insurance premium due to minimizing your risk of damage to your property. A new roof, for example, offers greater protection to the structure and interior of your home, which could qualify you for reduced insurance rates. If your renovations enhance the safety of your home, such as a new security system, new HVAC or electrical system or upgrading your plumbing, you may be eligible for discounts on your insurance coverage.
Increases Insurance Costs
Renovation projects that add livable space to your home (new bedroom, back patio, mother-in-law apartment, etc.) may increase your insurance costs as it increases the areas that need to be insured. Once you add these renovations to your policy, you may see an increase in premium costs. If you purchase new furniture or electronics for renovated areas, these items will also need insurance protection, which may increase coverage costs.
Major home renovations can also increase the value of your home, requiring that you increase your dwelling coverage to cover the new value of your property. Increasing your dwelling insurance ensures you have sufficient coverage to rebuild your home if it’s destroyed in an unforeseen disaster.
For customized home insurance coverage to fully protect your Richardson, TX property, contact Allegiance Insurance Agency today.
The agents at Allegiance Insurance Agency know how devastating a home fire can be. It is estimated that a home fire occurs every 86 seconds. This can result in billions of dollars each year. The following tips are meant to help the residents of Richardson, TX avoid being the victim of a house or apartment fire.
Eliminate Extension Cords
Eliminate extension cords and replace them surge strips that are designed to handle more current. Surge strips also protect items from surges of electricity that can blow circuits and damage components. Regular extension cords can be trapped under rugs where they can fray and spark a fire.
Install Smoke Alarms
Homes and apartments should have at least two smoke alarms, one near the kitchen and one in the hallway near the bedrooms. If there is more than one floor, a smoke alarm should be installed on each one for maximum coverage.
Don’t Leave Candles Unattended
Never leave candles or open flames (fireplaces) unattended. If you are leaving, even for a few minutes, blow out the candles and allow the flames in the fireplace to burn down. Unattended candles are often the cause of home fires. It’s important to make sure they are always extinguished before going to bed or leaving a room for an extended period of time.
Richardson, TX residents are encouraged to call the agents of Allegiance Insurance Agency if they want to learn more tips on how to protect their homes from smoke and fire damage. They can make recommendations on ways you can protect your home from various other potential hazards. Schedule a meeting today to learn more.
There are many responsibilities that come with owning a home and having the right insurance is part of it. Understanding your home insurance is tricky enough, but there are actually some odd facts that can also impact your homeowner’s insurance. To help navigate the waters better, the experts at Allegiance Insurance Agency in Richardson, TX have put together a short list of some factors that you may not have known.
Because insurance is all about probability and possibility, having a fire hydrant in your front yard will yield lower insurance premiums. The thought process is that in the event of a fire, firemen will have easier access to water than if they have to go down the street for the closest hydrant.
In the eyes of insurance companies being married may imply that you are more responsible. Typically, single homeowners file more insurance claims than those that are married. If you are married and insuring your home, you can expect to see lower premiums. Often, married couples can also take advantage of getting multiple policies through the same insurer and can take advantage of potential savings.
Your age has a big impact on your home insurance. People at insurance companies examine what typical insurance claims look like for different age groups and a number of claims each age group typically files. If you are younger you may partake in riskier behavior. Older people though may be more negligent about general maintenance and upkeep on the home. Just like with other types of insurance, expect the home insurance premiums to fluctuate with age.
Home insurance can be difficult to understand, but luckily for Richardson, TX residence, the experts at Allegiance Insurance Agency can help. Whether you are looking for new insurance or are looking to update your current home insurance, we are here to assist.
Whether you rent residential properties and want home protection, or you need to insure your personal residence, selecting the right homeowner’s policy is essential for mitigating risk. When you get insurance in Texas, there are some important things to know, before you finalize your coverage. Some coverage options are common, while others are not.
According to the Texas Department of Insurance, most homeowner’s policies cover items such as medical payments, personal property, personal liability and temporary living expenses, if you have to vacate your home under special circumstances. There’s also protection for the structural features of your residence.
The two basic types of coverage sold in Texas include all-risk policies (comprehensive) and named perils policies. All-risk policies provide the most protection, while named peril policies only cover the losses of specific causes noted in the policy agreement. Even with an all-risk policy, not all types of damage or causes are covered.
The losses caused by floods, earthquakes, termites, and mold are not covered. However, your insurance agent can help you mitigate the risks associated with some of these causes, by enhancing your policy options. Having the right insurance to mitigate the risks in your area is critical for the preservation of your home and personal finances.
Getting a homeowner’s insurance policy in Texas is a process that requires careful consideration. You can get a full spectrum of coverage to match your needs and risk profile, but only if you work with qualified insurance professionals that can point you in the right direction. For additional information about home insurance in Plano, TX, please contact Allegiance Insurance Agency today.
It could be that a visitor tripped and fell on your property, chipping two teeth. Perhaps you’ve just put in a swimming pool. It might even be that you foster rescued dogs. For today’s sometimes clumsy world, it pays to be certain of your home insurance coverage. Contact our independent agents today at Allegiance Insurance Agency and we can discuss your unique home situation and the concerns you may have. Serving the Plano, TX. area, we can set your mind at ease. We might find you some great discounts on home insurance. We can clear up any concerns you have about protecting your home and the people on your property. Not only can we access insurance policies from multiple providers to assure you of the best coverage at the best rates, but we can offer advice about avoiding injuries and lawsuits.
Many people don’t exactly understand what their home insurance coverage includes. For instance, swimming pools require a separate insurance policy from standard home insurance. Some policy providers set conditions on ownership of certain dog breeds. A home owner might never have considered adding more substantial coverage to their home to reduce the financial risk of potential lawsuits. Our experience and up-to-date knowledge of home insurance coverage policies can bring you savings and peace of mind. Here in the Plano, TX. area we understand common sense, and common sense usually involves protecting our hard earned property, lifestyle, and financial standing. At Allegiance Insurance Agency we can assist home owners who want to make sure they’ve covered potential threats to their home and financial security. Use the convenient online quote tool on our website to do your own research, or call us at 972-424-0700.
Your insurance policy helps you financially protect you in the event of unforeseen events. But in order to be reimbursed, you’ll need to know how to properly submit a claim to the insurer.
1. Know who to submit the claim to.
Insurance groups are highly departmentalized organizations. If you submit a claim to the wrong department, they won’t necessarily be willing or able to redirect it to the correct department. You might not even discover your mistake for weeks afterward. This can cause your claim to be unnecessarily delayed or even erroneously denied. If you have a claim to submit and you have any doubt as to where to submit it, call your representative at the Allegiance Insurance Agency in Plano, TX for guidance.
2. Know when to submit a claim.
It’s important to know when it’s necessary to submit a claim. Incidences include, but may not be limited to, property vandalism, property theft, weather-related damage, accident damage involving another vehicle, personal damage while in a vehicle or as a pedestrian. Refer to the policy from Allegiance Insurance Agency in Plano, TX for specifics about what incidents trigger the need to submit a claim.
3. Gather the Information You Need
Insurance claims adjusters will need to see a variety of documentation relating to your claim. Gather everything together in one place so you have access to it for the submittal. Keep it together in a folder, and make copies of any information you send in to the agent. Needed documentation may include; your policy number, your contact information, the beginning date of your policy, the date, time and location of the incident, contact information for everyone involved, contact information for any witnesses and law enforcement officers on the scene at the time, driver’s license number and insurance information for everyone involved.
Be prepared to offer any additional information as requested by your insurance claims adjuster, including a sworn statement guaranteeing that the information you’ve provided is true and accurate to the best of your knowledge. If you follow all three of these tips, you’ll be better assured of a fast decision on your claim.
It is definitely not something that homeowners wish for but it is something that you should prepare for. In Plano, TX, you never know when disaster may strike. When it does, are you prepared for it? Can you survive in your home for a few days without being able to leave? If you do not have an emergency kit set up already, then it is time to get one started. Use this list from Allegiance Insurance Agency to get you started:
- Food. You need to have food if you are not going to be able to leave your home for a few days. Make sure you have food that is non-perishable and that you do not have to cook it to eat it.
- Water. You also need to have water to survive. Make sure you have at least one gallon per day per person. The more people who live in your home, the more you will need. You should try to have at least three days’ worth of both food and water.
- First aid kit. This is important to have in case there are any minor injuries. You can get a good one from your local store and keep it in a secure place. Make sure it is always fully stocked in case you need it.
You not only need to have a home emergency kit set up for your home but you also need to have a great home insurance policy. If you do not already have one in place, be sure to contact Allegiance Insurance Agency serving Plano, TX for a free quote and to explore your options. If you do already have a policy, they can take a look to make sure you are not paying too much and that you do not have gaps in coverage.