Category: Insurance

If you are just starting your business, or you’ve been in business for years, ensuring that you are prepared for the unknown is a big deal. Risks to your business are ever-present. In particular, if you have drivers driving your company vehicle, then your business is exposed in some different ways. Fortunately, our team at Fida Insurance Group can help you understand commercial auto insurance, which underscores the need for you to have it.

Commercial Auto Insurance Comes with Larger Limits

It only takes a moment to compare your declarations page for your commercial auto insurance policy to your personal policy to see there is a difference. One main difference is the coverage limits. As a business, lawsuits typically cost you more. As a result, your commercial auto insurance policy will have larger limits than your personal insurance policy for your vehicle.

Commercial Auto Insurance Covers You for Business Purposes

Commercial auto insurance is specifically for your business vehicles. If you are using your personal vehicle as your business vehicle, and you allow others to drive your vehicle for personal reasons, you may not be covered. Your commercial auto insurance limits who can and who can’t drive your business car. To ensure you are covered at all times, you should speak with us about the limitations of your commercial auto insurance.

Small Businesses Need Commercial Auto Insurance Too

Size isn’t a factor when it comes to commercial auto insurance. If you conduct business using a vehicle, then it’s likely you need commercial auto insurance. By purchasing commercial auto insurance, you are protecting your business. You may find that your personal auto insurance may not cover you if you get into a wreck while you are working.

Learn more about our commercial auto insurance products by visiting our website. When you are ready, you can give us a call to get a quote for your next policy.

 

 

Living a long, happy life with the people you love is what the world is all about. With families, friends, and celebrations, it can be difficult to begin to plan for life insurance and considering how to protect your family when you are gone. While it is admittedly a difficult task to consider what will happen after you pass and how well taken care of your family will be, it is totally necessary. But, why is life insurance necessary?

1. Life insurance will help pay off debts- You may have unsettled debts that will then become the responsibility of your spouse when you are gone. This can spin your family into financial ruin if they are unprepared to pay off these debts. Life insurance funds can help pay for those debts and help keep your family afloat.

2.  Life insurance will help to maintain your family’s lifestyle- The truth is that, when you are gone, your income will be gone as well and can potentially throw your family into a financial crisis. Life insurance can help your family maintain their lifestyle, bills, and priorities as they did before.

3. Secure your family’s financial future- Aside from bills, if you have children, your life insurance can contribute to their educational future that can otherwise be difficult to pay without you there.

Our agents at Fida Insurance Group can go over your concerns and needs when it comes to life insurance and how we can service you and your family. We understand that it can be a difficult topic but our agents want to make the process smoother.

 

When it comes to life insurance, most people attempt to avoid the conversation until it’s necessary. Unfortunately, waiting until it’s necessary can be too late for your family. Instead of waiting, a conversation about life insurance could secure your family’s future.

How Life Insurance Benefits Your Family

Families throughout Monroe, CT are finding that life insurance gives them the lump sum of money they need when they are at their lowest financially. When a family member passes, it’s devastating. If you add financial hardships to the equation, then it could be insufferable. Instead of living through this, many breadwinners are securing life insurance policies that will help their surviving family members pay off the mortgage or car loans.

Life Insurance Gives Families Time to Grieve

Beyond taking care of the finances, life insurance offers surviving family members peace of mind. Pressures to meet financial obligations following the death of a loved one can force family members to return to work before they are mentally and emotionally ready. However, with the death benefit associated with a life insurance policy, surviving family members can take as much time as they want to grieve.

Life Insurance Allows You to Leave a Legacy

Even if your family is financially secure, you can leave them a financial legacy by purchasing life insurance. With the death benefits associated with a life insurance policy, you can ensure that your children go to the college of their dreams, create a business that will support them for years to come, or allow them to amass wealth they never thought possible. You can do this by selecting a death benefit that exceeds your financial obligations.

At Fida Insurance Group, we have an insurance policy that will help you protect your family after you are gone. If you are in the market for insurance, don’t hesitate to give us a call or visit our website.

 

Life insurance may not be a fun topic to consider, but it’s good to have it as a safety measure for the loved ones in your life. You’re used to people depending on you, which means you need to have the right policy in your back pocket, so you know everyone will be provided for. Here are 5 things to consider before you decide on a policy.

1. Short-Term or Long-Term

Term life insurance and permanent life insurance offer different benefits for different people. Those who want term typically choose when they have a set amount of time they want covered (e.g., until their children turn 18.) Permanent will not only cover you for your whole life, but it also allows you to build up a savings over time.

2. Lifestyle

Rates depend on your lifestyle, so you’ll need to keep that in mind before you call up your first company. Those who do particularly high-risk activities need to be prepared for an assessment before receiving a quote.

3. Cost

A term policy will typically cost less than a permanent policy, but it’s also important to remember that having the protection in place is sometimes necessary for a longer time period than term can afford you.

4. Term to Perm

You may want to learn more about convertible term policies before you decide. Typically these will let you convert your policy from term to permanent, and you can do so without seeing the doctor. You will need to pay more for these premiums though.

5. Finding Help

Fida Insurance Group serves Monroe, CT and we’re happy to provide you with the quote you need to cross compare your options. Give us a call today for more information.

 

When you have an ATV in Monroe, CT, you want to make sure you do all you can to keep you and your ATV as safe as can be. A few tips will help you along the way – and perhaps give you a few things to think about.

Get the Right Gear

Take the time to buy the right gear so you are safe while out on your ATV. What you choose is up to you, though it is a good idea to have a protective helmet, over the ankle boots, goggles, and gloves. When you ride, it’s also advantageous to wear long pants and a long shirt.

Find a Home for Your ATV

ATV theft is common and therefore you want to find a safe home for your ATV. You can lock it up in a garage, enclose it behind a locked fence, or anywhere else.

Practice Riding

As with anything, practice makes perfect. Be sure you are being as safe as you can by learning how to ride your ATV before you take it on rougher terrain.

Get the Insurance

Having an insurance policy on your ATV is important so that if there is damage or theft, you are able to file a claim as opposed to having to pay for it all out of pocket. Affordable policies are available, especially when you make comparisons between multiple companies.

Explore the Areas

Once you have the right insurance and you are comfortable on your ATV, start exploring. This can be throughout New England or across the rest of the country.

At FIDA Insurance Group, we’re here to help you as an ATV owner. Call now and let one of our independent insurance agents help you find insurance and keep your ATV as safe as can be.