Classic Car Insurance Facts

Classic car insurance is a type of nonstandard insurance. Allegiance Insurance Agency in Richardson, TX offers classic car insurance. If you are wondering if classic car insurance is right for you, check out these facts.

How Classic Car Insurance Differs from Standard Car Insurance

Standard car insurance policies will normally cover the cash value of the vehicle. This means it will cover what it would cost you to replace the vehicle. As time goes on, the car depreciates in value. As it depreciates the amount that the policy will cover decreases.

Classic cars are usually insured for an agreed-upon value. This means they are covered for an amount agreed upon by you and the insurance company. Classic cars often appreciate in value with time. The agreed-upon value can stay the same or be renegotiated when it’s time to renew your policy.

Vehicle Requirements for Classic Car Insurance

A car must be at least 15 years old before it can before it can be considered a classic car. Some states require the car to be at least 25 years old. In some cases, cars that are newer can be insured with classic car insurance. However, the car must be very rare or exotic to qualify.

 It must not be the car you drive every day. Many insurance companies place limits on how many miles can be driven in the car in a year. 

Classic cars must be parked in a secure location. A garage is often suitable, but some people choose to utilize a classic car storage facility for extra security and protection.

At Allegiance Insurance Agency in Richardson, TX, we are happy to offer classic car insurance. Contact us today to see if classic car insurance is right for your needs. 

How You Can Benefit from RV Insurance

Taking a trip and seeing the country is a dream that many people have. When you are looking to do this, a great way to tour the country would be by purchasing your very own RV. While an RV can be an amazing investment and asset, it is also something that comes with a lot of responsibility. For those that are in the Richardson, TX area, making sure that you have insurance for this vehicle is extremely important as it can benefit you in many ways.

Protects Your Asset

When you purchase a recreational vehicle, you will also be purchasing something that was likely a significant investment. Because of this, protecting it with an insurance policy is always a very good idea. When you get RV insurance, you will receive production for not only the recreational vehicle but any contents that you have inside of it. This will prove to be very valuable if you suffer any type of accident that results in a loss. 

Ensures Liability Protection 

If you are going to drive an RV, you also need to be aware that there is some risk of liability whenever you are on the road. When you get an RV insurance policy, you will receive liability protection. This will ensure that you have the ability to pay any financial restitution if you were going to be at fault for an accident that caused damages.

Richardson, TX RV owners would benefit greatly by contacting the Allegiance Insurance Agency to further discuss their RV insurance options. When you contact the Allegiance Insurance Agency you will learn more about how RV insurance can truly benefit an RV owner. Ultimately, this will help to ensure that your RV is properly protected and that you will be able to enjoy it while having peace of mind. 

Safety Tips for New Motorcycle Riders

Whether you’re new to motorcycle riding or an old pro, safety is a priority. Motorcycle accidents can cause substantial physical injury and damage. Motorcycle insurance from Allegiance Insurance Agency in Richardson, TX will help protect you, your bike and others on the road. The following tips will also keep you safe as you travel.

Wear Safety Gear

Whether you’re going to the store or hitting the road, wear safety gear to protect you against accidents. This includes a safety helmet, protective eyewear, boots, leather jacket (especially for long distances) and motorcycle gloves. The right gear can minimize injuries in the event of an accident. If you’re riding at night, be sure your clothing has reflective tape to make you more visible to other drivers.

Ride Defensively

Follow the speed limit, stay in your lane and follow road rules to reduce the risk of accidents. Keep your headlights on at all times, always signal when changing lanes and stay clear of other drivers’ blind spots.

Hone Riding Skills

If you haven’t taken a motorcycle riding course, consider signing up for one. Here you’ll learn riding skills and techniques that can keep you safe on the road. The more practice you get on your bike before going on long-distance travel, the greater your chances of avoiding an accident.

Never Drink and Ride

The best way to prevent a motorcycle accident is to be fully alert when riding. If you’re going to drink, don’t ride. Even one drink can affect your judgment and reaction time, putting you and others at risk of an accident. In like manner, don’t ride when you’re sleepy or tired. If you’re hitting the road, plan frequent rest stops to avoid fatigue.

To ensure you have the motorcycle insurance protection you need, contact Allegiance Insurance Agency in Richardson, TX today.   

How Old Do You Have to be to Drive A Boat?

Boating provides hours of fun for the entire family. You can spend the day on the lake with family and friends fishing, water skiing or just cruising along the water. In Richardson, TX, the staff of Allegiance Insurance Agency offers boat or watercraft insurance to make sure you are fully protected every time you take your boat on the water with a driver of legal boating age.

Age Requirement

In the state of Texas, you must be at least 13 years of age to legally operate a boat with a motor capable of producing more than 15 horsepower. The same age requirement is in place for sailboats or other wind-driven vessels that are 14-feet or longer. In most areas, the age limit is strictly enforced, so it’s important to make sure all drivers are of the legal age or older.

Safe Boating Courses

If you have a teenager who would like to start driving your boat, you can sign them up for a safe boating course. Many can be found online that will teach general boat safety as well as proper boating etiquette that will teach your young boater who to share the water with those around them. It’s also important that you work with them while on the water, giving them valuable hands-on experience.

Contact the agents at Allegiance Insurance Agency in Richardson, TX who have much of the information you need when it comes to safe boating and the laws that are in place. Call to schedule an informational meeting if you have questions concerning whether or not your child can be insured while driving your boat. They have the answers you need.

When Can You Get Health Insurance?

When you are trying to find health insurance in Richardson, TX, you usually need to wait until open enrollment. The open enrollment period starts on November 1 and ends in December. Even after the open enrollment period has ended, there are still some instances when you can get health insurance with Allegiance Insurance Agency.

There can be certain life events that qualify you for a special enrollment period. This enrollment period is usually 60 days when you can get health insurance even if it is after the normal period. These qualifying life events can be losing your health coverage through an event such as divorce, losing your job, or expiring coverage. If you voluntarily quit the health plan or are canceled because you didn’t pay premiums, you will not be eligible for a special enrollment period. If you get married, have a child or adopted a child, permanently moved somewhere with different options, or are aging off your parent’s insurance plan, you can qualify for this special enrollment. During this time, you can shop around for health insurance on a public or private exchange. You will have the same options you would normally get during open enrollment, such as copay plans. If you don’t purchase coverage during this period then you will have to wait until the next open enrollment period. However, you can get a short-term plan to cover yourself until you can get a different one.

If you miss the deadline and don’t qualify for Medicaid or another special enrollment plan then you can consider a short-term health plan. Premiums can be based on your medical history and won’t usually cover pre-existing conditions. However, these short-term plans can provide security from unexpected and catastrophic healthcare emergencies.

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

The Benefits of Whole Life

If you are a “baby boomer” nearing the age of retirement and you bought whole life insurance when you were in your twenties, you are really happy with the decision you made when you were younger. If you are a millennial just starting out, your chance to buy whole life is right now.

The key to understanding long-term value is to realize that you invest in something before you really have a need for it so that as you get older it is ready to help you.

Do I have to die for life insurance to be worth something?

Facing the possibility of one’s death is not pleasant for anyone. Life insurance gets a bad rap because of this. However, the death benefits for life insurance are supposed to help the ones you love who are left behind and that gives you some comfort. Nevertheless, there are many more self-interested reasons to get life insurance.

Beat the Odds – While You Build Cash Value

Imagine you get whole life insurance and you pay the same amount monthly for decades. It is not such a big amount if you start when you are young. The younger you are when you start, the lower the monthly premiums can be.

What happens with whole life insurance is that it builds up value over time. This is called “cash value.” Also, each year life insurance pays a dividend that can be re-invested in the life insurance, thereby increasing the cash value or the dividends can be taken out when paid.

As the cash value increases, you can borrow against it. Usually, these loans are at very low-interest rates, which is really helpful while you are still alive.

After many decades, a person may reach the age when their whole life insurance is “paid up,” which means there are no further premium payments necessary to pay to receive the death benefit.

This is what we mean by beating the odds. That lucky person can either leave the death benefit in place for any heirs to inherit or in some cases can cash out the policy and receive a lump sum payment.

What happens when you beat the odds, depends on the type of life insurance you have, so talk this over with your agent at Allegiance Insurance Agency, serving Richardson, TX and the nearby area.

Call to speak with your agent at Allegiance Insurance Agency in Richardson, TX to get a quote for life insurance or use the super-easy online form to request a quote.

Should I Have Business Interruption Insurance on My Commercial Policy?

Business interruption insurance is available to business owners who have to close their businesses. It’s not typically included in general commercial policy but is instead available as a rider (or add-on to the policy). This form of insurance can be extremely helpful to people in Richardson, TX, but not everyone will need it. Allegiance Insurance Agency wants you to know the specifics before making the decision. 

Covered Events and Shutdowns 

The idea behind business interruption insurance is that if you can’t make money due to a covered event, you’ll still have some degree of income coming in. For example, let’s say you run a retail clothing store in Richardson, TX. You make a certain amount of revenue during the weekdays, but the vast majority of your profits are earned on the weekends.

If your store sustains water damage and needs to be closed for two weeks due to repairs, you’ll miss out on a whole half month’s worth of sales. You’ll also be handling the specifics of the repair process, and likely too busy to think about much else. Business interruption insurance will take into account your weekly numbers before providing you with funds to cover your loss of income. 

A Policy for You 

If you own a company where you can work from a different location if your regular one undergoes damage, you likely won’t need to purchase business interruption insurance. However, you may still need to consider the time and effort needed to restore your location. If you want to learn more about who can benefit from this form of insurance, call Allegiance Insurance Agency today. We can help you consider what it will really mean to handle your responsibilities and maintain a business at the same time. 

Parking Matters: Where Do You Park Your Classic Car?

Beep Beep Don’t Park Your Classic Car At The Curb!

Where will you find a kind, knowledgeable and considerate insurance agency staff? In Richardson, TX of course, at Allegiance Insurance Agency. The freedom you enjoy with your newly purchased or lifetime owned classic car should not be thwarted by where you have to park your vehicle. We will help you understand exactly why it is important where you park and the rules and laws that govern where you are allowed to park your classic car in the great state of Texas. 

 Just like your classic car is a unique piece of vintage history the insurance for that car is unique as well. The variances in this particular type of insurance are countless. That is why it is so important to speak with an insurance agent who is well-acquainted with the rules that govern the state of Texas.  In fact, when it comes to your classic car it is not referred to as parking.  Your insurance agent will inform you that the term is "storage".  There are limitations based on the state. For instance; you cannot store your classic car within 5 miles of the coast in the state of Texas. Learn about the other storage exclusions today.  

If you’re taking a leisurely drive in your classic car, make it a point to stop in at Allegiance Insurance Agency in Richardson, TX. Located at 2929 N. Central Expressway, #275, Richardson, TX 75080. We will sit down with you and take the time to explain how to best insure your classic car. Our telephone number is 972-424-0700. We don’t only take care of your classic car insurance needs we also cover regular auto insurance as well. In addition, the staff at Allegiance Insurance Agency can help you with homeowners, commercial, life and health insurance.

 

How RV Insurance From Allegiance Insurance Agency Protects Your Vacation

For many Texas families, the summer months are used for enjoying great weather and traveling together on a family vacation. Whether you are traveling within the state of Texas or to neighboring states with National Parks, many of these families around the Richardson, TX area will be hauling their families way in an RV for vacation. Before you leave, make sure that your vacation is secure with RV Insurance. 

Coverage While Lodging

While many RV owners believe their auto insurance policy will suffice on vacation, they fail to realize that once they park the RV and move it to its lodging state, it is not covered by that insurance. With an RV insurance policy, the RV and the property within the camper are covered while the RV is used for lodging. Unfortunate accidents such as fire, theft, and vandalism are situations where your RV needs that insurance policy to cover damages while your RV was parked at the campground or another location for lodging. 

Vacation Liability

An RV policy is also designed to cover any liability damages that you may cause while your RV is lodged. Should there be an accident that is your fault to property or bodily damages, vacation liability covers will protect your family vacation and assist with any financial obligations that may result due to your liability. This protection is a safety net that you have while on vacation and need assistance.

Safeguard Your Vacation Today

If you are planning a vacation this summer with your RV, contact the Allegiance Insurance Agency for information regarding your RV insurance policy. Our agency serves Texas residents in the Richardson, TX area and surrounding communities. 

What does motorcycle insurance cover?

Your motorcycle is more than just a means to get from Point A to Point B. Your bike tells a story of your personality and, thus, should be protected at nearly any cost. You do not have to save thousands in hopes of keeping your bike intact. A good insurance policy can protect the vehicle that you cherish the most in Richardson, TX.

The agents at Allegiance Insurance Agency can help you find the motorcycle insurance plan that best satisfies your needs. Read on to learn more about what motorcycle assurance covers.

What does motorcycle insurance cover?

Motorcycle assurance works like auto insurance in providing payment for bodily injury as well as property damage in an accident. You also have the option of obtaining a motorcycle indemnity plan that replaces your bike along with the gear that was damaged in an accident. Of course, you will need to purchase full coverage to get the full benefits from a motorcycle insurance plan in Richardson, TX.

What about seasonal driving?

There are instances where you only use your motorcycle for a season. Many bikers only take on the road during the summer months. It may appear pointless to purchase insurance for six months when you only need it for three, which is why season assurance is an option for motorcycle owners.

With seasonal insurance, you are only covered for the set of months that you plan to use your vehicle. You will need to find a standard motorcycle assurance policy to cover the rest of the year.

Seasonal motorcycle insurance comes with many benefits in Richardson, which is why you should contact an agent at Allegiance Insurance Agency for details. You should also call about a quote for full coverage assurance that pays for bodily injury, theft, and property damage. Call today!