Who needs to get health insurance?

When you are in the Richardson, TX area, there are a variety of insurance policies that you should obtain. One type of insurance that people here need to get is health insurance. This provides very valuable coverage and can help you receive quality healthcare and attention. There are several situations when someone will need to get this type of care. 

Those that Want to Have Access to Affordable Care

Having access to affordable care is extremely important. Those that are able to see a doctor and receive necessary medications can end up living a healthier life than those that do not. When you have health insurance, you are going to be able to get the care that you need at a more affordable rate. If you do not have insurance, this cost will be much higher. Further, without health insurance, if you are ever injured or get sick, the cost of going to an emergency room for medical attention will be extremely high.

Those that Want to Comply with Law

You will also want to get health insurance if you want to comply with the current laws. In the country today, all people are required by law to carry health insurance. If you do not have this insurance coverage, you could be penalized at the end of the year.

It will continue to be very important that people all over the Richardson, TX area get into an appropriate health insurance policy. If you are in the market for a new policy, it would be a good idea to call the insurance professionals with the Allegiance Insurance Agency. If you do work with the Allegiance Insurance Agency, you can get the guidance and support that is needed to choose the right policy that gives appropriate health insurance coverage. 

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. 

Common Myths About Classic Car Insurance

A classic car is a precious possession and expensive investment. If you are a classic car owner, you probably understand how important classic car insurance is. While you are researching different coverage options available, it is necessary to be aware of the misconceptions about this type of insurance being spread. Allegiance Insurance Agency serving Richardson, TX has prepared for you the list of 3 most common myths you should know: 

Classic Car Insurance and Standard Auto Insurance Are The Same

This is incorrect. The main difference between them is the factors that they take into consideration. For example, classic car insurance considers the number of times classic car owners drive their classic cars, the use of the car (whether it is used for display at car shows), and storage conditions. A comprehensive insurance policy for a classic car is more sophisticated than a standard car insurance policy. 

You Can Get Classic Car Insurance For an Antique Car Only

Actually, your vehicle does not have to be antique. Even the cars that are only 25-30 years old fit the criteria to be considered classic cars. In addition, there are other vehicles that qualify for the policy as well, including classic motorcycles, street rods, custom cars, and tractors. 

It Is Complicated To Get Classic Car Coverage

It is actually pretty easy. As long as your vehicle is at least 25 years old, property stored and is driven on a limited basis, you can purchase a classic car insurance policy. However, first, you need to get your car appraised to know its actual value. 

If you are the lucky owner of a classic car from Richardson, TX or any other surrounding areas and you are searching for a trustworthy insurance agency to purchase an insurance policy for your precious possession, Allegiance Insurance Agency will be glad to assist you. All you need to do is to visit our website or give us a call for more information. 

Is RV insurance mandatory in Richardson TX

Owning an RV is one of the most convenient and fun ways of traveling across Richardson, TX, and beyond. It is a vast investment that requires special treatment. Many RVs double the price of regular cars while some cost as much as the cost of buying a house. For this reason, you want to make sure that your home on wheels is protected by quality RV insurance. While it is not mandatory in Texas, Allegiance Insurance Agency experts recommend buying insurance that costs as much as the RV itself.

When will I need RV insurance?

Just because it is not mandatory doesn’t mean you will never need it. However, it’s essential to note that RV insurance varies based on needs. Unlike auto insurance, where several coverages are a requirement by the law, RV insurance is more flexible and allows you to enjoy various coverages. Remember, your home on wheels is no different from your standard car because both use roads and have similar risks. If you have to connect it to a truck or SUV to move it, then you don’t need to buy separate insurance because the truck or SUV pulling it already has.

Which coverages should I consider?

Rv insurance comes with basic auto insurance coverages, but also extends to other RV related risks. Your responsibility is to conduct thorough research to know which coverages will work for you based on where you live, where you travel most, the age and model of your RV, and other factors. If you are a frequent traveler, you want to look for a coverage that protects you while on the roads such as collisions, custom equipment, comprehensive and medical payments.

Other RV related coverages to consider include:

  • Safety glass replacement
  • Roadside assistance
  • vacation liability
  • Awning replacement 
  • Full-timers package

For all your RV insurance needs in Richardson, TX, please feel free to talk to our insurance experts at Allegiance Insurance Agency, and we will be happy to help.

What to Expect from Motorcycle Insurance

Buying a motorcycle is an exciting item to purchase. You just can’t wait to get on the open road and cruise through the streets. Once you have your gear, your helmet, and the rider’s jacket, you’ll need to secure insurance for your vehicle. There are a few things you should know when it comes to having motorcycle insurance and the insurance agents at Allegiance Insurance Agency in Richardson, TX can go over your options when you’re ready.

What to Expect

There are three things that you should know before you purchase motorcycle insurance.

  1. According to the Texas Department of Insurance, everyone who drives must provide proof of financial responsibility. Proof of responsibility is determined by the amount of money and assets you own. For those individuals who are not independently wealthy, financial responsibility means acquiring insurance.
  2. In Texas, you need to have liability insurance in order to ride.
    • Bodily injury liability can help with an injured person’s medical needs.
    • Property damage liability is useful if you cause damage to another person’s property.
  3. Premiums are usually less expensive on motorcycles than on cars or trucks.

Optional Motorcycle Coverage

Although motorcycle insurance may be less expensive than car insurance, you don’t have to stop at the minimum coverage. Adding collision and comprehensive coverage could help cover your vehicle’s repairs after an accident.

  • Collision coverage is used to repair your bike if you hit another vehicle or an object, such as a building, or a tree.
  • Comprehensive coverage is designed to be used to repair or replace your motorcycle after an accident.

Stop by Allegiance Insurance Agency in Richardson, TX has supportive agents that can guide you through your policy and help you determine what insurance you need before your motorcycle journey begins.

Is Boat Insurance a Legal Requirement?

At Allegiance Insurance Agency of Richardson, TX, we know Texans love boating and spending time on the lakes in our state. You need to remain protected while boating. That means sunscreen for your face and body, sunglasses to protect your eyes, and insurance to protect your boat.

While the state does not require boat insurance for your watercraft, your bank might. If you obtained a loan to purchase the boat, your financial lending institution can require you to obtain insurance to cover damage to other people’s boats or other property and to cover your liability for bodily injury. If you own a home, thereby have a homeowner’s policy, it covers a limited amount of damages to your boat. You can obtain a boat policy to enhance this coverage though and you really should.

A boat insurance policy varies in its value coverage. You have three types of policy from which to choose:

  • replacement cost which pays to repair your watercraft or replace it.
  • actual cash value which pays a depreciated replacement cost or for repairs.
  • agreed amount value which pays for replacement cost or repairs to the watercraft up to the value specified in the policy.

The actual cash value or agreed amount value costs a little less, but they cover less, too. Replacement cost value costs more in premiums, but it pays the full, original cost of the boat which is what a new boat would probably cost you.

Your insurance policy comes with a few restrictions. If your policy includes a layup provision, that means your coverage gets suspended during certain months. You need to re-activate coverage if you luck into nice weather during winter and decide to take the boat out.

Your policy does not automatically cover ocean voyages. If you plan to boat off of the Texas coast, discuss this with your insurance agent, so you can add coverage. While the state of Texas does not have many limitations to who can propel the boat, insurance policies do. Many policies restrict the age of the boat operator. Carefully read your policy and adhere to any age limits.

Richardson, TX and the surrounding area offer a multitude of boating options. Let Allegiance Insurance Agency help you protect your investment in your watercraft. Call us today to build the right boat policy for you.

Why you need health insurance in Richardson?

Anyone that lives in the Richardson, TX area is going to have a wide range of different personal insurance needs. One form of insurance that you need to get is health insurance, which ensures that you and others on your plan have access to good healthcare. There are several reasons why you need to get this form of insurance when you are in this area of Texas. 

Ensures Access to Affordable Care

The main reason that someone here should get a health insurance policy is that it can ensure that you have access to affordable care. When you have a health insurance policy, you are going to be able to see a doctor or specialist when you need to, which can help be a great first step when it comes to preventative care. If you ever need a more significant procedure, you can also receive this care at a much lower cost.

Requirement of Law

Another reason that you need to get health insurance here is that you are not required to have it by law. Those that are all over the country are now obligated to carry health insurance for themselves and their dependents. If you are not able to provide evidence of this coverage, you could face penalization at the end of the year when you go to file your takes.

Picking a health insurance policy in the Richardson, TX area is a big decision. At the same time, choosing the right policy can be quite complicated. To make it easier, you should speak with the team at the Allegiance Insurance Agency. When you call the Allegiance Insurance Agency, you can learn a lot more about how health insurance can protect you. Based on this assessment, you can then receive guidance that will help you to find a new policy. 

Who should buy life insurance in Richardson, TX

Financial experts today refer to life insurance as the cornerstone for sound financial planning. It fills the essential roles of protecting your loved ones who depend on you.  That is why Allegiance Insurance Agency recommends buying life insurance at a young age to safeguard your loved ones’ future. So, who needs life insurance in Richardson, TX? Read on to find out.

Starting a new family

Starting a family comes with many financial responsibilities such as children’s needs, school fees, a new home, a new car, and many other responsibilities. Buying life insurance during this period can be an excellent idea as it will cushion your retirement savings when you are older.

Having children as a single parent

Raising children as a single parent in Richardson, TX requires financial preparedness.  That is why many single parents opt for life insurance. If you are planning a divorce, it is prudent that you think about life insurance to ensure that your children are provided for when you are gone. Unlike couples, a single parent has one source of income. In short, they are the breadwinner in that home. If anything happens to them, the dependents, who are children, will be financially affected the most.

Pay debts and mortgages

If you have a significant amount of debts and loans that you want to clear, a great place to start is to buy life insurance where the accumulated wealth will be used to pay your loans upon your death. You can also buy insurance to pay for your medical and funeral expenses.

Source of savings

Many people opt for life insurance because it is considered an excellent way of saving. Depending on the type of life insurance you buy, your dependents will receive the death benefit if not cash value upon your death. You can even withdraw if you no longer need the policy.

Life insurance is what you need to keep your finances in check. If you need more information, our insurance professionals at Allegiance Insurance Agency are ready to help. Feel free to speak to us today!

How to Choose the Right Commercial Insurance

Your commercial insurance has a lot to do with the success of your business, even though it might not seem like it at first. A good policy in Richardson, TX will keep you protected from any number of threats? But how exactly do you choose the best commercial insurance for you? Allegiance Insurance Agency has a few tips for you. 

Pick for Now, Plan for Later 

This is one of the most important things about any kind of insurance policy — you need to keep the future in the back of your mind at all times. Even if you only have one client right now and very little business growth, that can all change in the future. While there’s no need to choose more coverage when you don’t need it, you do need to remember that things can change on a dime. Make sure that you’re working with a carrier who can grow with you. 

Consider Your Business 

Some businesses face more threats than others, simply based on the nature of the work. For example, if you’re located in an area that gets the worst of the storms in Richardson, TX, you might want business interruption insurance. This ensures that even if you have to close your place of business down for repairs, you don’t have to suffer from a loss of income. You’ll need to assess your individual threats before selecting a policy. 

Allegiance Insurance Agency is here to help you select a policy that works for you, your customers, and your employees. If you have questions about what the right amount of coverage can do for you (and how it can help you succeed), give us a call today to find out just how knowledgeable we are. 

What to Look For in Classic Car Auto Insurance

Cars are known for not lasting near as long as they used to. That’s why people who find a classic take such great care of them. There is special insurance coverage for classic cars that is different from standard auto liability insurance. The Allegiance Insurance Agency, serving the Richardson, TX area, has experience in protecting these mobile trophies.

Is Your Car a Classic, or Antique?

To meet the criteria for classic car insurance, your vehicle must be one of the following:

  • Classic: A vehicle over 10 years old that is of historic interest (muscle car, hot rod., etc.).
  • Antique: A classic car that is over 25 years old.

Is Your Classic Car Well-Maintained?

In order to obtain this specialized, restricted form of insurance, it is often asked that the car only be used for limited occasions, be maintained and preserved in the originally-designed condition (or undergoing restoration), and be stored inside an enclosed building structure.

How Does Classic Car Insurance Differ?

There are incentives to holding a classic car policy over a typical policy.

Guaranteed Value

Also known as “Agreed Value”, this coverage will offer a full and fair value that was agreed to by the policyholder of the car to be paid in the event of a total loss. Typical insurance offers “actual value” which is often depreciated based on age and mileage. 

Lower Premiums

Given the standard of care necessary to meet the criteria for the policy, it is understood that great care will be taken when you have your classic car on the road. Accordingly, this will allow for premiums of classic car insurance to be lower than similar traditional auto coverage.

Classic cars are special and deserve special coverage. Contact a professional with Allegiance Insurance Agency, serving the Richardson, TX area, to ensure your classic car is ideally protected