Does Boat Insurance Cover Electronics On Board Your Boat?

Boat insurance is a requirement in some states and is a good idea in any situation where the boat will be used on the water. Boat insurance is designed to protect from liability and may even provide additional protection depending on the policy and any riders that are attached. So, does that mean that electronics are covered by a boat insurance policy?

Boat Insurance Coverage

Generally, boat insurance is designed to protect the boat’s motor and perhaps its hull depending on the policy and coverage options. The electronics on board won’t be covered unless it is specified in the policy through additional coverage. If there is a substantial amount of valuable electronics on boar, there may be some options that an insurance agent can offer clients. This will help prevent financial losses from things like theft and accidents. 

Finding The Right Boat Insurance Policy

Selecting the right boat insurance coverage can prevent the potential for losses that can happen at any time on the water. Work with an established insurance agency with expert agents who know the right products to offer individuals who want to protect their boat and personal belongings while they are on the water. Anyone who lives around the Richardson, TX area who needs boat insurance should contact Allegiance Insurance Agency for more information about coverage options and riders. 

Don’t leave your boat and electronics to risk while out on the water. Get the right amount of coverage from Allegiance Insurance Agency, serving the residents of Richardson, TX. Call or stop by the office today for personalized service and answers to any questions related to the boat or other insurance products. 

Ways to avoid medical debt with health insurance in Richardson Texas

Medical debt has become a large problem for many people in the United States. As healthcare costs continue to increase, many uninsured Americans are left paying large medical bills because they have no other choice. This is true in Richardson, TX as well as every other city. Even those who are covered by basic health insurance but are lacking a comprehensive plan may still find themselves struggling if their coverage is inadequate or has very high deductibles for certain treatments. As people age and they deal with more health conditions and the need for regular care increases, this can trap them in a cycle of debt and unpaid medical bills. Elderly people on fixed incomes are especially vulnerable to this problem, as they often have little extra money beyond necessary expenses, which makes paying off large debts impossible. 

One of the best ways to prevent this debt cycle is to obtain and keep adequate health coverage as soon as possible. Knowledge of the healthcare situation in this country is the first step, but it is important to act in a preventive manner by securing a comprehensive plan before any health problems occur. One option is to contact Allegiance Insurance Agency with your concerns. Insurance professionals can use their expertise to help you after receiving some information about your age, history, and a few other details. Prevention through insurance is the only real choice when it comes to avoiding medical debt.  

Allegiance Insurance Agency serves Richardson, TX and is available to discuss coverage options with you. An agent can consider your specific needs and offer a plan that will help you avoid debt or other financial problems that are caused by excessive healthcare costs.  

Determining How Much Life Insurance You Need

When determining how much life insurance you should get in Richardson, TX, there are a number of financial considerations. You could also just choose to multiply your income by 10 if don’t want to look at other factors. An agent at Allegiance Insurance Agency can help you determine your needs.

Outstanding Debt: If you die with any debt, then your survivors are on the hook for it. This could happen if you have a co-signer on a loan, so you want to leave enough money to allow beneficiaries to continue paying off the obligation. This is especially true if loans are secured with collateral your dependents need to use, such as the home or car.

College: If you have children, consider the cost of college education. Education can help provide a comfortable life for your children, but it’s also one of the biggest expenses.

Dependents: If you have relatives or children who rely on you, then you should increase your life insurance policy to provide for long-term care.

Financial Cushion: Take stock of what you provide for your family. This means any necessities, such as medical expenses and food, as well as discretionary costs. Add up any fixed expenses and monthly bills to make sure that your life insurance policy can help take care of your share of these costs.

End of Life Expenses: Funeral expenses can be costly and many policyholders want to work these final expenses into coverage so families don’t have the financial burden when dealing with the loss of a loved one.

Your Age and Health: The older you get, the less coverage you need, since you will have fewer dependents and debts. Age shouldn’t be a reason you put off getting a policy though. The older you are, the more likely you are to die, and if you are more likely to die, your premiums will be higher.

Contact Allegiance Insurance Agency, serving Richardson, TX, to get a quote on life insurance.

 

What Is The Difference Between Commercial General Liability Insurance And A Business Owner’s Policy

The agents of Allegiance Insurance in Agency Richardson, TX will help you make an informed decision of your coverage options for liability insurance that fits your business plan. The type of liability insurance depends on the risk characteristics of your business or profession.  It is essential that there is a basic knowledge of the types of liability insurance coverage with the purpose of adding new coverage as the business changes and expands.  

General liability insurance covers any expenses related to non-employee injuries incurred on the business’s property, libel and slander caused to a third-party, third-party bodily and property damages, medical expenses, product liability, damage you cause to someone else’s property and the costs of defending against a lawsuit and paying for settlements or judgments.  General liability does not cover professional errors, employee injuries, damage to your business property and employment discrimination lawsuits. The risks not covered by general liability is covered by specific general liability policies such as professional liability (errors and omissions), business interruption insurance, business theft, and worker’s compensation.  These policies must be added to the general liability policy.

However, a Business Owners Policy (BOP) is a bundle of policies that more effectively protect the small business at a lower cost can.   A BOP is a combination of general liability insurance and business property insurance, and business interruption. A  BOP  provides a named-peril coverage, while an open peril or "all risk" coverage can be purchased. Thus a BOP, unlike general commercial liability insurance, the business owner can recover from business property damages caused by others. Crime insurance can be added to a BOP.  However, worker’s compensation and professional liability are typically separate policies.

The agents of Allegiance Insurance Agency in Richardson, TX are prepared to provide you with information on business liability insurance.  Please call!

Ways to Save on Motorcycle Insurance

Motorcycle insurance in Richardson, TX is a necessity, but finding ways to save can make all the difference.

Drop Full Coverage: You are required to have liability insurance, but if your bike isn’t worth much or is old then you don’t need collision or comprehensive overage. If you do get into an accident and you are not at fault, then the other person’s liability insurance will pay for damages.

Choose a Cheaper Bike: Certain bikes are going to cost more to insure. Sports motorcycles may have a higher premium than traditional road bikes. If you are looking to replace your motorcycle, then you may want to call your insurance company first to see how much more you could be spending with a different bike.

Raise Your Deductible: The more you are willing to pay if you need to file a claim, then the cheaper your premium will be. If you can raise your deductible from $250 to $1000, then you could save up to 20%. Ask your agent what you are paying for your deductible now and how much you could save if you raised it.

Ask about Discounts: Ask an agent at Allegiance Insurance Agency about available discounts. You could get discounts for having anti-theft devices or keeping your bike in a locked garage. You could be surprised to learn you qualify for discounts you never would have thought of.

Infrequent Rider: If you are only a part-time rider, there could be policies for you that will only provide coverage part-time. This is especially great if you aren’t riding in winter due to the weather. However, this may only work if you don’t have a loan on your bike, since your lender may require full coverage at all times.

Contact Allegiance Insurance Agency, serving Richardson, TX, to get a quote on motorcycle insurance. 

 

How Does Classic Car Insurance Work?

Classic car insurance in Richardson, TX helps protect classic or antique cars that aren’t for everyday driving. While it covers some similar items to regular car insurance, there are some differences to note.

Your car must be eligible for classic car insurance. It must either be a classic or antique car. A classic car is a car that is 10 to 24 years old and has historic interest, while an antique car is 25 years or older and also has historic interest. In addition to having your car qualify, you need to meet some other requirements. This includes using your car only on a limited basis, having your car preserved or maintained in its original condition, and storing it in an enclosed space.

Your insurance agent at Allegiance Insurance Agency will have an agreed value for the vehicle. A professional appraisal helps determine the agreed upon value. If your car is destroyed, damaged, or stolen, then insurance pays you the agreed value and not the actual cash value or the stated value.

Classic car insurance will have some specific terms that can vary by policy and can limit the way you use your vehicle. It’s necessary to understand these terms. You may be limited to using your car at auto club events, parades, car shows, exhibitions, or similar events. There could also be a mileage limit. You do also have to store your car in a specific way when it is not being used. If you do need to make repairs on your car, there may be only certain shops you can go to, so check to see if you can take it to a shop you prefer. Also don’t let coverage lapse. Just because the car is in your garage, it doesn’t mean it’s safe.

Contact Allegiance Insurance Agency, serving Richardson, TX, to get a quote on classic car insurance. 

How RV Insurance Can Get You Back on the Road

Investing in an RV is a big move. Planning to spend months or even years on the road is a bigger move. Anyone who has put their money into an RV should look at all of the coverage options of RV insurance. Of course, just like a car or truck, RV’s need to have a minimum amount of insurance. But unlike a car or truck, a lot more is at risk if an RV is stolen or damaged in an accident. The risk of lost possessions in a car is much lower than in an RV. People typically don’t carry their lives around in their cars but on extended RV vacations, or retirement in an RV, important paperwork and possessions are typically along for the ride.

RV insurance gives owners coverage for many of the same things as auto insurance like liability, collision, and comprehensive coverage. But unlike auto insurance, RV insurance offers extra protection for personal belongings, equipment add-ons, modifications like satellite dishes, and things like awnings. At Allegiance Insurance Agency serving the Richardson, TX area, we understand RV insurance and guide our customers to the right policy for them.

Here are some options RV insurance includes as added coverage:

  • Vacation protection
  • Emergency expenses
  • Roadside services
  • Full-Time Resident Coverages (similar to a home policy)

Without appropriate add-on coverage, an RV owner could be facing a catastrophe that’s going to be hard to crawl out of. Imagine being caught in a situation where the RV is on fire while its a full-time residence. Where would the owner stay while waiting for a claim to be processed? How would they get around to shop for a new RV?

RV insurance with the proper add-on coverage (depending on how long one will be living the RV) will make sure that the unbearable doesn’t happen. For reliable and knowledgeable information about RV insurance options contact Allegiance Insurance Agency for service in Richardson, TX.

Essential Insurance Protection for New Motorcycle Riders

Is a new motorcycle on your Christmas wish list this year? Don’t forget to protect your investment with motorcycle insurance. Motorcycle insurance is a must for all riders but even more so for those who are new to the motorcycle scene. New riders are more prone to accidents due to their lack of riding experience. The following coverage from Allegiance Insurance Agency will protect you during your holiday travels.  

Liability

Liability motorcycle insurance is mandatory in Texas and serves to protect others in accidents that are your fault. If you fail to signal and cause an accident while changing lanes on the highway, you can be held liable for damages to the other driver. Liability insurance helps pay for these damages up to the limits on your policy. If accident damages exceed the limits on your policy, you could be held liable for the rest out of pocket.   

Collision and Comprehensive

If you took out a loan to buy a new motorcycle in Richardson, TX, your lender may require that you get collision and comprehensive coverage to protect his investment. Collision helps pay for repairs to your motorcycle if you crash into another vehicle; comprehensive protects you against theft, storm damage or vandalism. You never know what will happen on the road. Collision and comprehensive coverage protect your valuable investment so you don’t suffer financial loss.

Uninsured/Underinsured Motorist  

At some point in your riding, you may encounter a driver who has no insurance or insufficient insurance to cover the expenses of an accident he causes. With uninsured/underinsured motorist coverage, your insurance company will cover the cost of your damages even if the accident was someone else’s fault. Paying a little extra for this coverage could wind up saving you a lot.

As a new motorcycle rider, you can greatly benefit from a policy that includes this essential insurance coverage. For personalized motorcycle insurance at affordable costs, contact us at Allegiance Insurance Agency in Richardson, TX.

The Importance Of Preventive Healthcare

When was the last time you visited a doctor?

Chances are that your last doctor’s visit was made out of necessity, not on the basis of preventive care. If you’re sick, you’re forced to seek medical attention. However, with regular guidance and checkups from your health team in Richardson, TX, you may actually be able to decrease the chances of illness in your life. Health insurance through the Allegiance Insurance Agency can provide more opportunities for preventive care. Here’s why this is important.

Physicals And Vaccinations

If their children attend public school, most parents have to take their kids to the doctor for good visits and annual physicals. But adults need this type of health maintenance as well. About 50 percent of Americans don’t take preventive measures such as annual physicals and age-appropriate medical testing such as mammograms.

This trend contributes to the rise in long-term illnesses and fatal diseases such as hypertension and cancer. Regular doctors visits can reduce the risk of progression for these diseases because physicals are designed to catch them before they develop. Although you cannot stop all diseases from attacking your body, frequent visits with a health professional can stop them in their tracks early on. If you are in the beginning stages of a disease, treatment is much less invasive and much more effective.

Healthy Lifestyle Guidance And Management

Did you know that health education goes a long way in terms of preventive care?

If you don’t know how your lifestyle choices or diet are impacting your health, you are less likely to alter them. On the other hand, if you are guided and educated about healthy choices and the reasoning behind them, you are more likely to take them into consideration.

Eating healthy foods, staying active on a regular basis and not smoking are just a few choices that can drastically improve your health. They also require a lot of self-discipline. If you create healthy goals based on helpful, up-to-date information, that discipline gets a little easier to maintain.

Overall, preventive health care can help you lead a more productive, less painful, fuller and longer life. Don’t wait to get sick in order to see a doctor in Richardson, TX. Contact an agent at the Allegiance Insurance Agency to find a healthcare policy that works well for you. then, take your preventive care into your own hands.

 

Five Typical Boat Insurance Requirements By Marinas

Marinas usually welcome boats of varying sizes and have plenty of families, group and individual activities that can keep you busy all day.

Marinas also have rules you must follow if you want to be a member, which vary depending upon marina. Some of the boat docking regulations concern insurance and marinas typically have these five requirements.

  1. Coverage for another vessel in case of a crash – If you bump into someone else’s boat at the dock or have a crash in the water, you may need to have coverage for that just in case.
  2. The inclusion of payments to a marina for property damage — The dock might be another item besides someone else’s boat that is damaged during a collision. The marina probably will expect you to be able to pay for this.
  3. A minimum amount of coverage – In addition to items covered, you might be presented with a specific minimum amount of money that your policy would pay. Your Allegiance Insurance Agency representative can help you decide what amount this should be.
  4. Adherence to rules to keep docking costs from rising – Your insurance, as well as the marina’s insurance, is less likely to raise if you heed all safety precautions offered to you.
  5. Proof of insurance –Some marinas might ask you for your insurance certificate before you can register with them. Have it with you in case they ask for it.

Some marinas might also require that you have coverage for injuries to other people as well. Make sure you ask a representative at the place where you want to keep your boat for more information.

The kind of policy you need may also depend on whether or not you store your boat at the dock for the winter. If you have any insurance questions, please contact your Richardson, TX agent today. Allegiance Insurance is happy to help you anytime.