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Fida Insurance Group

244 Monroe Turnpike (Route 111)
Monroe, CT 06468

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How to Combine Auto Policies When You Get Married

Perhaps you’ve heard that you can potentially save money by combining your automotive insurance when you get married. While it usually works out well, if you’ve watched "The Closer," you know that sometimes, a bad driving record or DUI on one spouse’s record can drive premiums up for a combined policy.

How do you know which option offers you the better deal? When you tie the knot in Monroe, CT, let Fida Insurance Group help you determine which option offers you lower premiums.

That’s all that changes when you combine policies with your new spouse – the premium cost. You still get the same great coverage.

We’ll run both scenarios for you with no strings attached. We’ll let you know if it costs you less in premiums to have separate auto policies. You opt for the option that costs you less.

How to Avoid Surprises

If you have a DUI, DWI, or many moving violations on your driving record, consider talking to your spouse about this before you try to combine insurance. There’s a list of things you should talk about before marriage, and your driving record tops the list.

Talking about it before your spouse contacts the insurance company for insurance quotes can head off arguments. Just as it happened with the characters Brenda and Fritz, when the insurance company provided a premium quote for a combined policy that cost more than Brenda’s current premium, she asked why. In the TV show, Brenda learns of her new husband’s past DUIs from the insurance agent.

Combining Policies with Two Healthy Driving Records

Maybe neither of you has a poor driving record. In that case, combining policies should net you a lower premium and consolidate your insurance premiums into a single premium on a single policy that protects both your vehicles and the drivers in the family.

Contact Us Today

Contact Fida Insurance Group to determine which option – a combined policy or two separate auto policies – better servers your marriage. Let us help you kick off your marital bliss in Monroe, CT.

Can your life insurance be canceled?

At Fida Insurance Group in Monroe, CT, we are independent insurance agents. As independent agents, we work for our customers, not for one insurance carrier. We have access to multiple carriers, allowing us to shop for our customers to find the best deals for the amount of life insurance they need. 

Nonpayment of premium

The most common reason for life insurance cancelation is the nonpayment of the premium. When times get tough, it may seem like your life insurance may be something you can live without. And yes, you can live without it, but the bigger issue is, can you die without it? If you run into financial difficulties, the first thing to do is to contact the insurance company. Depending on your policy type, they may be able to work with you. You may be able to switch to less coverage. Don’t let your policy lapse without trying to save it. 

Lying on your application

When you apply for a life insurance policy, you will be asked many questions. It is imperative that you answer them truthfully. You may think that no one can find out if you lie, but nowadays, so much information is on the internet that almost nothing is a secret. You don’t want to lose your policy because your lie is discovered or, even worse, have your dependents’ claim denied after you have passed because there is false information on the application. It just isn’t worth it. 

At Fida Insurance Group in Monroe, CT, we want to ensure that all of our customers get and keep the coverage they need. To learn more about life insurance, stop by our office or call us for information. 

Four Tips You Should Know Before Shopping for Commercial Insurance

Your business is not only a source of income but also something that gives a sense of freedom and fulfillment. As such, you need to protect it from the many risks it may be exposed to. Buying the right commercial insurance policy is the best way to protect your business. However, with several available coverage options, choosing the best for your business may be confusing. Fida Insurance Group understands the stress of selecting the right coverage for your business. We’ve, therefore, prepared tips to look out for when shopping for a perfect commercial insurance policy.

Evaluate your business risks

If you want the right policy that adequately protects your business when a disaster strikes, get to know your business risks. Each company is unique and, as such, has specific risks associated with it. For example, a tech business may require cyber liability coverage, while a contractor may need workers’ compensation.

Find out the legal requirements in your state.

Commercial insurance is not optional in most states. For example, the state of Connecticut requires that you have workers’ compensation to operate a business. Other states may require you to have commercial auto insurance or general liability insurance. Do your homework to avoid being on the wrong side of the law.

Compare different quotes

Once you know what you’re looking for, shop around and compare different insurance providers. You may find competitive rates or even get insurance providers specializing in insuring your business type.

Talk to an agent

Agents can help you choose the right coverage that suits your business. With the numerous commercial insurance coverage options, you may not know which is best for your business. An agent will work with you and tailor your coverage to your needs. Additionally, they will answer all your questions about commercial insurance.

Commercial insurance in Connecticut

A responsible business owner will always plan in case of an unfortunate occurrence. While it’s draining to think of your business’s risks, getting commercial insurance gives you peace of mind. Ready to purchase commercial insurance in Monroe, CT? Contact Fida Insurance Group for an affordable quote.

What forms of coverage come with home insurance in Monroe?

Being a property owner in the Monroe, CT area has been a good investment and housing decision for a long time. If you do decide that owning a home is a good option, you will always want to know that you have the right insurance in place for it. A home insurance plan is always a good investment as it offers various coverage forms that protect you and your property.

Protects Dwelling

A form of coverage you will get for your home in this part of Connecticut is protection for your dwelling. If you want to own any property, it would be a good idea to ensure you have support if it is damaged in an accident or you are a victim of theft or vandalism. If you obtain a home insurance plan, you will also get this type of support. This can give you peace of mind and ensure you meet insurance standards set by your lender.

Liability Coverage

All people should carefully assess their personal liability risks. If you are a property owner, there will always be a chance you could cause an accident, or someone could get hurt in your home. With a liability insurance plan, you will have protection if you are deemed liable for damages incurred by another party during the accident. 

When you live in the Monroe, CT area, it would be a good idea for you to have proper insurance for your home. There are a lot of choices to make when looking for coverage here, and the Fida Insurance Group can help with this. The Fida Insurance Group will take a personalized approach to ensure they understand your insurance needs and options and can build a proper plan. 

Are all auto insurance policies the same? Let us explain the differences to you

If you are a Monroe, CT area resident and have questions about auto insurance, you can turn to the team at Fida Insurance Group. We are dedicated to providing our clients with the information they need to select an appropriate auto policy for themselves and their families. Give us a call today!

Not all auto insurance policies are created equal.

Depending on your needs, an auto policy is probably available that is a great fit. However, not all policies provide the same benefits. When selecting a policy, an excellent first step is to identify your needs and wants. Do you need a policy just for yourself and possibly a spouse? Are there teenage drivers that will need to be covered by the policy? Knowing who will be on the policy can help you to narrow down the possibilities and choose the right one.

Next, you’ll want to consider how much coverage suits your needs. A local agent can help you with this step if you are unsure what your actual auto insurance needs are. And then, you’ll want to consider all the different available features. Safe drivers may want a policy that rewards their driving record with a declining premium feature. Folks who don’t drive very often or far will want a different policy from those who commutes daily to work. 

If you have questions, we have the answers!

Monroe, CT area residents can rely on the folks at Fida Insurance Group for all of their insurance needs. Not all auto policies provide the same benefits, so reviewing your options carefully is essential. Contact our office today and set up an appointment to learn more.

Different Types of Life Insurance. What Works Best for You?

Life’s present and future uncertainties necessitate adequate financial and physical preparations, especially for your dependents. Life insurance prevents your loved ones from having financial insecurities when you pass away. By understanding which type of insurance you need and how to get each, you’ll set a good foundation for your loved ones.  

Types of Life Insurance

Get to know the different life insurance available in Monroe, CT.

Whole Life Insurance

Whole life insurance from Fida Insurance Group covers your life through the regular premiums you’ll pay. Get a cash value benefit from the premium paid into the account, which may accrue some interest while still holding the premium. Though its premiums are slightly higher, its timeless feature makes it an excellent option for those who want a lengthier and continuous policy.

Term Life Policy

Term life policy is for a fixed term where the policy runs at a fixed rate. It suits people with a specific plan for the insurance policy’s period, like getting the policy for your employment years. You get to set the time and amount for the policy period, making it more affordable than other insurance types.

Variable Life Insurance

Variable life insurance offers you coverage as well as cash value. You invest in various accounts that determine how much interest they’ll earn. It’s a medium-risk option as you can lose your premiums, benefits, and cash value.

Factors To Consider When Choosing Your Insurance

To get the best out of a life insurance policy, consider understanding the basics of each insurance. Run the pros and cons of each policy against your goals. For example, get a term life policy if you are more interested in guarding your working years.

Contact us

At Fida Insurance Group in Monroe, CT, we take the time to understand your needs and guide you accordingly on your insurance path. Act now and protect your loved ones with a life insurance cover.

Do I Need More than One Type of Commercial Insurance?

You likely need commercial insurance if you own a business, have customers, or operate in a commercial setting. The insurance protects your business assets, employees, and customers in case of a covered loss. For expert help, confer with Fida Insurance Group. The agency serves in Monroe, CT. 

Always consider property, responsibility, inland marine, commercial liability, and employee benefits. Inland Marine insurance is the most common type of commercial insurance. It covers the risk of transporting goods by land, sea, or air. 

What to Know About Commercial Insurance 

While most businesses are covered by commercial property insurance, it’s important to note that the policy doesn’t protect your business against every risk. For example, if your company manufactures products, you likely need product liability insurance to protect against claims if someone gets sick or injured using your product. If you are contracting with clients, you may also want to consider contractor’s risk insurance to protect your business against claims if something goes wrong on the job site. And if you have employees, you likely need workers’ compensation coverage to protect your company from claims if an employee is injured on the job. 

In today’s ever-changing business landscape, it’s essential to have insurance coverage that addresses any potential risks that your company may face. Depending on your business type and risk profile, you may consider purchasing a combination of commercial insurance policies to protect your company from various risk scenarios. When choosing commercial insurance policies for your company, ensure they offer the coverage you need to protect your business from different risk scenarios. 

Parting Words 

While there might be some overlap between the policies you choose, consider your business needs and the policy that best serves your needs. For example, let’s say you own a landscaping company and want to purchase commercial property and liability insurance to protect your business from risk. 

While both of these policies protect your business, they work differently. Property insurance covers the cost of replacing damaged or destroyed equipment, fixtures, and buildings if your business incurs a covered loss. For inquiries in Monroe, CT, call Fida Insurance Group.

When are you legally required to carry home insurance?

While Connecticut doesn’t require you to purchase homeowners’ insurance, your bank can, and that remains perfectly legal. It goes back to the federal deposit insurance that each bank carries.

As long as you maintain a mortgage on your Monroe, CT home, you’ll need to maintain a homeowners’ insurance policy from Fida Insurance Group. That’s because the bank must require the insurance to protect itself from the risk of loaning out the funds it insures through the Federal Deposit Insurance Corporation (FDIC).

The FDIC protects all of the money in the bank. That means it protects the money you deposited, that your next-door neighbor deposited, and that the dry cleaning business you use deposited.

It may sound like that double insures things, and it does. The FDIC insures the deposits to the bank, but when the bank loans the money, it no longer sits in its vault. The FDIC insurance covers the money in the bank. That means the bank needs to make sure that you can pay your mortgage if something happens to your home to damage it.

Repairs to homes cost a lot, which could negate your mortgage payments. By requiring you to carry home insurance, the bank alleviates its risk of loaning you the money.

This may seem like passing the buck, but the federal government alleviates bank risk by offering insurance, and the bank alleviates its risk by requiring insurance. The upshot of the insurance requirements results in loans, so more people can buy homes and experience the security of homeownership.

When you visit Fida Insurance Group serving Monroe, CT for insurance for your home insurance, we’ll help you choose the right type because home insurance comes in eight different types. Call us today for coverage.

Should You Get Comprehensive or Collision Coverage?

When it comes to auto insurance, there are many options out there. And one of the biggest decisions you’ll have to make is whether to get comprehensive or collision coverage. Both types of coverage have their pros and cons. Fida Insurance Group offers this guide for you to understand the difference before you make a decision.

Here’s a quick rundown of each type of coverage:

Collision coverage is one of the most important types of car insurance you can have. This coverage helps pay for damages to your car if you’re involved in a collision with another vehicle or object. Collision coverage can help protect you from expensive repairs or total loss of your vehicle occasioned by an accident.

Comprehensive coverage is another important type of car insurance. This coverage helps pay for damages to your car that are caused by something other than a collision, such as fire, theft, or vandalism. This coverage can help give you peace of mind in knowing that your vehicle is protected against a wide range of potential risks.

So, which type of coverage is right for you? The answer depends on a few factors, such as the value of your car and your personal driving habits. If you have an older car, collision coverage may not be worth the extra cost. However, if you have a newer car or you’re a high-risk driver, collision coverage may be a good idea. Ultimately, the best way to decide is to talk to your insurance agent and see what they recommend for your situation.

Regardless of the policy you choose, ensure your deductible and coverage limits are adequate for your needs. You don’t want to be underinsured and risk paying out of pocket for damages or overpaying for coverage you don’t need.

Get Auto Insurance in Monroe, CT

Fida Insurance Group in Monroe, CT can help you choose the right auto insurance policy for your needs. We offer comprehensive and collision coverage and a variety of other auto insurance options. Contact us today to get started!


When Should I Update My Life Insurance Plan?

Like most things in life, your life insurance isn’t constant. When situations change in life, you shouldn’t shy off from talking to your insurer to update your policy. But what are the exact reasons I should update my life insurance? Keep scrolling as Fida Insurance Group of Monroe, CT sheds light on when you should update your life insurance.

Getting married

Perhaps you took your life insurance policy when you were single. However, now that you are married, you should take a second look at your policy. Now that you have brought someone else into your life, your financial status has changed. You have someone depending on your income, plus you co-share certain obligations.

Please update your life insurance policy to ensure your spouse doesn’t suffer financially if you suddenly die.

Getting divorced

While no one likes a divorce, it is a reality, and you need to make the necessary life insurance changes when it happens. However, before making changes to your life insurance, consult with your attorney because certain divorce decrees may require you to maintain your spouse as a beneficiary even after divorce.

Having a child

Congratulations on welcoming a young one into your family. Whether it’s through birth or adoption, you should update your life insurance to secure your child’s financial position in the future. Life insurance ensures that your child’s financial obligations are met even in your absence.

Taking a mortgage

Now that you have secured a mortgage for your home, the next thing you need to think about is your loved ones and cosigners when you die. If you have taken a mortgage or car loan, update your life insurance policy to ensure that you don’t burden those you leave behind with unpaid debts.

Still not sure whether you need to update your life insurance plan? No worries. Please contact Fida Insurance Group in Monroe, CT for more guidance.