Is it Time to Upgrade your Home Insurance?

If you haven’t reviewed or updated your home insurance in a while, now is a good time to do so. You don’t want to be caught off guard in the event of a disaster. By reviewing your coverage with a Fida Insurance Group agent, you can see if adjustments need to be made in your policy to compensate for changes in your structure, contents or lifestyle. The beginning of a new year is a good time to update home insurance to ensure you’re protected throughout the coming year.

Is It Time to Upgrade Your Insurance?

If you renovated your home over the last year, you’ll need to include these renovations in your coverage. Major renovations like a new roof,  new bathroom or deluxe kitchen remodel could increase your home’s value, making your current coverage insufficient to fully protect your property. Upgrading your dwelling insurance will help compensate for this increased value. By having your home in Monroe, CT reappraised, you can get a better idea of the new value of your property so you can adjust your coverage accordingly.

In like manner, you may have received pricey gifts or made costly purchases over the holidays that need to be added to your coverage. If the limits of your contents insurance are too low to protect these goods, you’ll need to raise them or get additional insurance (an endorsement) to fully protect your valuables.

Liability coverage is yet another area to review on your policy. If you’re entertaining more or having people stay over for extended periods of time, you may need more liability coverage to protect you against accidents.

Benefits of Upgrading Insurance Coverage

Upgrading your coverage gives you greater protection against unforeseen accidents and disasters. To upgrade your home insurance policy, contact an agent from Fida Insurance Group, Monroe, CT. 

How to Get Auto Insurance For Your Teen

So your teen has finally started driving. While this will help free up some of your own time (no more driving them around everywhere they need to go!), it’s understandably a bit nervewracking while they’re out there on the road by themselves. After all, we all know just how responsible we "thought" we were back at that age. But whether they’re driving your car or have one of their own, they need to be properly insured. If you live in the Monroe, CT area, the experts at Fida Insurance Group are here to help you get your teen driver the auto coverage they need before hitting the road. 

It’s important to note that while a teen is driving supervised on a learner’s permit in Connecticut, they do not need their own insurance policy as long as the supervising driver has one. That said, they do need to have insurance once they are able to drive on their own. Most parents choose to add teens to their own auto policy for convenience purposes, although it is possible for you to get them their own individual coverage.

Now, because the accident risk is generally much higher for teens than it is for adults with some years of experience under their belts, the insurance premiums for teens are usually going to be much higher than your own. Nevertheless, you may be able to lower their premium costs by raising the deductible. And if you are getting them their own insurance policy for their own vehicle, it’s wise to avoid sports cars and flashier autos that may come with higher insurance rates anyway. 

To learn more about getting auto insurance for your teen in the Monroe, CT area, contact Fid Insurance Group today. We’re happy to sit down with both you and your teen to go over all of the options available to you and help keep your teen as safe as possible. 

You Just Retired: Do You Still Need Life Insurance?

Your corporate job in the Monroe, CT area provided a life insurance policy as part of your benefits package. Now that you have retired and the kids have their own families, do you really need a life insurance policy? There might be more than one reason why a term or whole life insurance policy from Fida Insurance Group would help you complete your retirement portfolio.

Planning for Final Expenses

Your 401K and pension are taking care of you and your spouse regarding monthly bills. Have you thought about the expense of a funeral? A life insurance policy can leave your spouse the extra cash needed to send you off in style without affecting their lifestyle or taking a chunk out of your principal investments. 

Help the Grandkids with College or a Down Payment

Maybe you want to make sure that your children or grandkids will receive a little extra cash down the road. They could surely use it to help pay for a new house or to reduce their student loan debt. It won’t affect your ability to take that extra cruise now or to take the road trip on your bucket list. It’s like making sure one last gift is left for your loved ones. 

Provide Peace of Mind for Your Spouse

Perhaps your pension is only paid to you, not your spouse. Life insurance can help replace the lost income and ensure that they will be able to live in comfort for their remaining days. 

While you may not be worried about losing your Monroe, CT area home in your retirement, life insurance from Fida Insurance Group can still offer the security of know that your family will be cared for even after you are gone. Give our helpful agents a call and ask us about all our life insurance products today.

What Kind Of Damages Are Included In Home Insurance?

When you’re living in Monroe, CT, you need to make sure you have a home insurance policy that is capable of protecting you against anything that might happen. All sorts of damages can occur to your home. Fida Insurance Group can help you to review your policy to ensure you’re sufficiently protected.

A standard policy will protect you against fire, hail, lightning, and storms. Other disasters might be listed in your policy, too. If they’re included in the policy, then you can file a claim. Otherwise, a claim would be denied if the damages are as a result of something that isn’t covered.

Floods, for example, might not be included in your home insurance policy. If you experience a flood at your home, the damages would not be covered by your home insurance company. This could leave you vulnerable for the expenses.

Damages may not be covered by earthquakes or routine wear and tear, either. This is why you want to make sure that you read through your home insurance policy carefully. It is also possible to include various riders so that you can include additional levels of coverage.

It’s nearly impossible to guess at what could happen. However, you can look at what has happened around your neighborhood in the past. If floods, earthquakes, or various other problems have occurred, you will want to make sure that you have enough protection on your home insurance policy. This way, if you file a claim, you can do so with confidence knowing that the insurance company will take care of the majority of expenses. The only thing you would have to pay out-of-pocket is the deductible.

At Fida Insurance Group, we have independent insurance agents to help you with your home insurance. We can ensure you’re covered against any damages that could occur in Monroe, CT.

 

 

How To Protect Your Business From Breakins

As a business owner, you have invested a lot of time and money into your company. Nothing could be worse than to have that investment violated through a burglary. There are many things a business owner can do to better protect his business from this type of invasion. 

Illumination

One of the best first lines of defense against a break-in is illuminating your buildings well. Criminals want the cover of darkness in order to commit their crimes without notice. Make sure that your entire facility is well lit after hours. This will discourage most criminals from even considering your facility. Install lighting both inside and outside in order to keep all areas safe. 

Use Alarms and Safes

If you are keeping valuable merchandise or cash on the premises, you should use safes. Using a safe that cannot be easily removed from the premises is a great way to keep these items out of reach even in the event of a break in. This will greatly cut down on your loses should a burglar actually gain access to your facility. Even if you feel that you are operating in a relatively safe neighborhood, you should have alarms installed. These alarms are one of the best ways you can discourage burglars. The more sensitive the alarm is, the better chance you have of scaring off a criminal before he gains entry to your business. 

Hire Wisely

Even if you take all the right steps to keep people from breaking in, you must also be on the lookout for dangers from within your company. This is where your hiring process becomes a line of defense against criminal activity. Make sure your hiring process is stringent.  Only hire people you feel you can trust.

By protecting your company from break-ins you can increase your peace of mind and your bottom line in the long run. If you would like to learn more about how to protect your business contact Fida Insurance Group Monroe, CT.

Do Unpaid Parking Tickets Affect Your Insurance Premiums?

In Monroe, CT, residents who have questions about their auto insurance need to talk to agents who are willing to go the extra mile. The agents of Fida Insurance Group understand that their clients want to be fully informed when it comes to the things that can have an adverse effect on their car insurance. This is why they are always available when their clients call in to find answers concerning parking tickets and moving violations.

Penalties For Unpaid Parking Tickets

Many people don’t realize that the penalties for having unpaid parking tickets can be extremely costly if they aren’t taken care of in a timely fashion. In addition to towing costs, impound storage, and the fees tacked on by the city, the cost of not paying your tickets goes far beyond the cost of the actual ticket. Depending on your areas local laws, having numerous unpaid parking tickets can also affect your insurance premiums.

A Suspended License

In some areas, allowing your unpaid parking tickets to accumulate can eventually cost you your driver’s license. If the amount of the fees reach beyond a certain amount (this will be determined by the area), the license branch may be required to suspend your driver’s license until all of your past tickets are paid in full. In addition to towing your vehicle, the fees associated with getting your license back can be costly.

The agents of Fida Insurance Group are always ready to assist the residents of Monroe, CT. If you live in the area and have questions about parking tickets, the agents encourage you to call in and schedule an appointment. They can give you the information you need so that you can get your tickets paid and keep your insurance coverage intact.

 

When to Buy Home Insurance

Your home is likely the most expensive thing that you have purchased. This makes it one of your biggest investments, at least in things that are physical items. The last thing you want to happen is to lose that investment. However, that can happen if you do not have the proper insurance on your home to protect you from things that are outside of your control. If you want to protect your home in Monroe, CT, here at Fida Insurance Group, we recommend that you always have home insurance coverage. 

If you do not already have home insurance on your home, you should consider getting it as soon as possible. Ideally, you should get home insurance on your home as soon as you purchase it but if you have not done this, you do not want to wait another day. Your home can become the victim of a number of things including burglary, fire, or another natural disaster. You cannot predict these things and you do not want to worry about it all the time. 

So what can happen if you do not have home insurance and something happens to your home, what happens? To put it simply, you will lose everything in that incident and you will not have the money to rebuild. This means that you will no longer have a roof over your head or any of your personal belongings if it is a total loss. 

This is not something that you want to happen to your or your home. The only way to protect yourself is by getting home insurance as soon as possible. Be sure to contact us here at Fida Insurance Group, serving Monroe, CT, to get your home insurance policy today. You do not want to leave another minute to chance. 

Many Institutions a Small Business Needs Require Insurance Protection Such as Commercial Insurance

There are a handful of items that every small business, even a home-based company, will be expected to have and in place before various external entities will consider engagement with the startup. Some of them are obvious such as a tax identification number and business license but, believe it or not, many external agencies also expect a bona fide business to be able to show proof of commercial insurance as well.

For example, many government contracts and procurements that small businesses are easily able to win due to preference will expect the given company to be able to show not only does it have insurance but that the policy has a minimum amount of coverage value as well. In addition, many financial institutions in Monroe, CT and elsewhere that provide key business financing, lines of credit and other loan mechanisms will also require that a company applicant has certain insurance protections already in place evidenced by proof of coverage.

Fida Insurance Group can guide your new business through the coverage maze to the right policy at the right stage in your startup life. Instead of getting stuck with a balloon policy for what you don’t need and costs too much, the staff at Fida can match your specific need now and go forward the next five years with a commercial insurance policy that makes sense. So you don’t have to be shut out of opportunity in Monroe, CT or in the wider region simply because of an oversight task. Fida Insurance Group can be your guide to business growth and greater success. Give them a call or email today!

5 Myths About Life Insurance

If you have misconceptions about life insurance, it’s time to learn the facts so you can make smart choices that benefit your future. At Fida Insurance Group in Monroe, CT, we can help you discern truth from fiction concerning life insurance coverage so you can get the protection you need.

Myth: Life Insurance is Terribly Expensive

Life insurance costs vary according to policy type and coverage. By reviewing various types of policies, you’re bound to find an affordable option to suit your needs.

Myth: Young, Healthy Adults Don’t Need Life Insurance

As a young adult, you may have loved ones such as aging parents who count on you for support. Life insurance can provide financial security for them if you were to unexpectedly pass on. Some policies, such as whole life insurance, accumulate cash value which you can borrow from to purchase a home or pay for college. By buying life coverage when you’re young, you can lock in a policy at a very reasonable price.

Myth: Life Insurance is Only for Families

Life insurance can benefit singles as well as families. Life insurance benefits can help pay off your debts or provide ongoing financial support for a business partner to keep the business going if you were to suddenly pass on. Policy benefits can even cover your funeral expenses so family or friends aren’t burdened with this cost.

Myth: Stay at Home Parents Don’t Need Life Coverage

Stay at home parents provide valuable support for their families that would be extremely costly to replace upon their sudden demise. Benefits from a life policy can help cover the cost of childcare, home care, meal prep services, etc. so your spouse can continue working to support your family.

Myth: Beneficiaries Pay Taxes on Life Insurance Benefits

In general, life insurance benefits are tax-free, so beneficiaries can benefit from all they have to offer.

For more information about life insurance options and costs, contact us at Fida Insurance Group in Monroe, CT.

Reasons to Get a Commercial Liability Insurance in the State of Connecticut

Like every other state along the New England coastline, Connecticut can get hit with serious storms and cold winters. And your business can take damage from these kinds of incidents. Getting coverage for your business can keep you from taking on more liability than you can afford, and it can get you back in operation after an event occurs.

How Commercial Liability Insurance Works

Commercial liability insurance will give you coverage of customer injuries or property damage, which can protect you in case you’re in the middle of a lawsuit. And it includes medical expenses and legal fees. It’s the first policy that small businesses will get because they usually need it to sign a lease on a commercial property or get a customer contract.

 

You might think that you’ll never get sued, but it’s part of today’s business landscape. When a company gets sued, the costs can be crippling. And commercial liability insurance is a safety net that you shouldn’t live without. Be sure to speak to someone at Fida Insurance Group in Monroe, CT for more information.

Your Choice for Commercial Liability Insurance in Monroe, CT!

If you want to work with a solid provider of commercial liability insurance in Monroe, CT, Fida Insurance Group has a team of agents that can help you get the coverage you need. Not only can we get you a general liability policy, but we can also tell you about some of the other options that can protect you. If you want to find out how we can help you, feel free to contact our office today!