Like any other insurance coverage, your car insurance isn’t flawless. It has exclusions and limitations — meaning it doesn’t cover you against all risks. Alloy Insurance Partners of Plano, TX expounds on risks not covered by your typical car insurance. Understanding the exclusions of your car insurance helps you avoid frustrations during the claim process. Plus, knowing your car insurance exclusions aid you in deciding what "add-ons" you should consider to boost your car insurance.
Normal wear and tear
When your car engine fails or the paint chips off, any attempt to seek compensation from your insurer won’t be honored. The same goes for damage due to mold or pest infestation.
When injuries or damages occur during racing events, stunts, and other enthusiasts’ events, your typical car insurance won’t step in to cover the loss. However, you can consider add-ons when participating in such events.
Acts of God
Your car insurance policy may exclude natural disasters like floods, hurricanes, tornados, and other natural threats listed in your policy.
Family member exclusion clause
Suppose you have liability coverage and cause an accident hurting other people on the road. Your liability coverage will cover other people’s medical expenses, but not that of you and any family member in the vehicle.
This is rather obvious, but we will say it because you find motorists, especially first-time car owners, filing claims after intentional damage. Note this: your insurer will not honor your claim after damaging your car intentionally. This includes using your car as a weapon, setting it on fire, or kicking it out of frustration.
Car insurance in Plano, TX
Before getting behind the wheel, it’s pivotal to understand the ins and outs of your insurance policy. But if you are not familiar with your policy, don’t hesitate to contact Alloy Insurance Partners for more information.
One of the most important things you need to do when you’re on the market for auto insurance is to get quotes on policies from a few different insurance providers. At Alloy Insurance Partners, we are a provider of auto insurance in Dallas, TX.
The following are three things to know about auto insurance quotes.
Getting an auto insurance quote typically doesn’t take long.
You can generally get an auto insurance quote quickly from an insurance provider. You just need to provide some basic information about yourself to get a policy quote.
You generally just need to provide some basic information on what type of vehicle you drive, where you live, and what your driver’s license number is to get a quote.
You can get a quote on an auto insurance policy over the Internet.
The Internet is a great resource when you’re looking for a quote on auto insurance coverage. You can take advantage of comparison websites on the Internet to get quotes from numerous providers at the same time. This is a great way to find the most cost-effective policy for your needs.
You can specify coverage preferences when you get a quote.
You’ll generally need to enter some information on what types of coverage you want to purchase when you get a quote. This way, the quote that you get will specify the types of coverage you’re hoping to purchase. You’ll specify whether you want collision or comprehensive coverage. You could also specify how much coverage you want and what your deductible will be.
Do you need a quote on an auto insurance policy in Dallas, TX? Let us help you out at Alloy Insurance Partners. Contact us today for a quote on a policy to cover your vehicle.
In a recent study, Dallas finished in the bottom 15% of the 200 cities where you are least likely to have an accident, it was ranked number 172. Another sobering fact is that Texas leads the nation in motor vehicle deaths. The cold fact is that at least one person dies on Texas roads every day. It should not come as a surprise that the state of Texas mandates liability auto insurance coverage. Texas has a 30/60/25 requirement. That means $30,000 in bodily injury per person with a max of $60,000 per accident and additionally $25,000 in property damage. Having an insurance agent who is knowledgeable is a must and the team at Alloy Insurance Partners in Dallas, TX fits the bill perfectly.
Given the statistics about driving in Dallas, expanding your insurance coverage beyond what is required is an excellent idea. If you have a vehicle loan, your lender will require that you carry collision and comprehensive coverage. Even when your loan is paid off, keeping this important coverage is a good idea Ask yourself if your car was damaged or totaled would you be able to repair or replace it easily? If the answer is no then collision and comprehensive is a good option for you. If you have assets, you may also want to consider increasing the amount of the liability coverage that you carry as well. The minimum is what is required but it may not be what is right for you.
Whether you are a new driver or looking to talk to a new agent, at Alloy Insurance Partners in Dallas, TX, we welcome the opportunity to discuss your needs and the products that we have to offer. You can stop by our office or give us a call to set up an appointment for a no-obligation quote.
Liability insurance does a lot to help protect those that are riding along with you in your car or on your motorcycle. A standard liability policy covers a great deal, but do you need more coverage? For those in the Dallas, TX area, the agents with Alloy Insurance Partners can help you to determine how much liability insurance you need and what type of coverage is going to work best for you.
How Much Do I Need?
Liability coverage is something that is built into most policies for both auto and motorcycle. You may have enough liability coverage that you feel comfortable with a standard policy or you might feel that you want to add more coverage. For the most part, it is not necessary to add more liability coverage to your standard policy unless you simply want to. Many standard policies come with around $10,000 liability for each person that is riding in the car or on the bike should there be an accident. If you feel that this coverage is not enough, you can add more liability to suit your needs.
Liability coverage is something that everyone can benefit from having. The right liability coverage can help pay for medical bills, time off work, and any other expenses that might be associated with an accident. A full-coverage policy is, of course, going to have more coverage than a standard liability only policy would have, but you do not have to add extra liability coverage unless you want to. For those in the Dallas, TX area, the agents with Alloy Insurance Partners can help you to get a great policy for your insurance needs. We can make sure you have enough liability coverage for any passenger and for yourself. Contact our office for a quote.
No matter what type of vehicle you drive, you need to be properly insured with the minimum amount of insurance in place at all times. The agents of Alloy Insurance Partners serve residents living in Dallas, TX and many of the surrounding communities. Whether you drive a car or motorcycle, the agents can help you get the coverage you need to drive legally within the state of Texas.
Both automobiles and motorcycles require the same amount of insurance when it comes to personal liability and property damage. In Texas, you must have at least $30,000 of personal injury liability insurance (up to $60,000) and at $25,000 property damage liability per accident to drive legally. Just like an auto insurance policy, you will have the choice between PL/PD and collision or comprehensive type policies.
Two Different Policies
Motorcycles are not insured under an auto insurance policy. They have a policy designed to cover the unique needs of a motorcycle. Even though they are covered under two separate and unique policies, they can be bundled together with an auto insurance policy under a multi-policy plan. By bundling your home, auto, motorcycle, and boat insurance into one large policy, you may receive certain discounts that will reduce your monthly premiums.
In Dallas, TX, turn to the agents of Alloy Insurance Partners when you have questions about an existing motorcycle policy or are in the market to buy a new one. They have the answers you have been looking for and can customize or bundle your policies so you have one convenient monthly premium. Call today and talk to an agent!
Most people in the Austin or Dallas, TX area need to drive a car on a daily basis. For those that do own and operate a car, it is common knowledge that having auto insurance in place is a necessity and requirement. While most people in the Dallas area comply with this law, some avoid getting insurance to save money. If you do not have auto insurance in place while you are driving, a number of negative situations could arise.
Face Legal Punishment
The first negative consequence that can arise if you do not have auto insurance is legal punishments. In Texas, you are required by law to carry at least liability insurance coverage. If you do not have this type of auto insurance and are caught driving without it, you could end up losing your license, face financial penalties, and even go to jail.
Significant Financial Losses
Another consequence that will come if you do not have auto insurance when you are driving is that you could face substantial financial losses. People that have a full auto insurance policy in place at all times will benefit from having liability coverage plus collision and comprehensive coverage. If you do not have auto insurance, you will have to cover all repairs to your vehicle, and the other party’s vehicle if you are at fault in an accident. These costs can be very significant depending on the scope of the accident.
Since not having the right level of coverage can be very detrimental, those that are in the Austin or Dallas, TX area should reach out to the Alloy Insurance Partners to discuss their auto insurance needs. When you speak with the team at Alloy Insurance Partners, you can learn more about your auto insurance options and get into a policy that is right for you.
Life insurance provides you with coverage and a monetary benefit to your beneficiary named in the policy upon your death. The beneficiary usually is your spouse or child.
You pay monthly premiums to the insurer. The insurance company bases your premium on a combination of factors:
- your age at the time of policy purchase
- your gender
- medical history
- the value of the policy purchased
Types of Life Insurance
Discuss what type of life insurance best suits your needs with a representative from Alloy Insurance Partners of Dallas, TX. The essential question is term or perm?
Term policies provide coverage for a specific number of years. Policies range from one to 20 years in length, generally. The coverage remains active while you pay the premiums. Term policies do not accumulate cash value. Permanent policies do not expire as long as you pay the premiums. They can amass a cash value. You can borrow against some policies.
Reasons for Life Insurance Coverage
Many people think of life insurance only as a means to pay for their funeral expenses, but it provides for so much more. You can obtain coverage in the amount needed to cover any of a number of expenses, including:
- paying off the home loan
- paying for your child or children’s education
- income replacement for your earnings
- means to pay medical bills
While you can reference a life insurance chart for a quick notion of your insurance needs, come into Alloy Insurance Partners of Dallas, TX to have us sit down with you and calculate your replacement income. These calculations include your current salary, the value of your insurance benefits, your 401(k) and retirement savings, value of services you perform for your family such as cooking, cleaning, and home maintenance. After subtracting your annual personal consumption, we arrive at a figure. Contact us for more information.