Archives: March 2020

A Note from First Insurance Funding: Premium Payment Concerns During COVID-19

" FIRST is committed to being responsive and accommodating to our partners and insureds. We know our insureds will face financial hardship during this unprecedented time. We want to partner with you to help your insureds avoid cancellation of their insurance coverage. • Our existing Cancellation Avoidance and Recovery Program is very successful – we have one of the lowest cancellation rates in the premium...

2020 Insurance Rates on the Rise

2020 Insurance Rates   Question: Why are my insurance rates going up even though I didn’t have a claim? Answer- A few main reasons we are seeing rates go up in Florida are due to the multiple hurricanes & disasters throughout the USA over the last several years. In fact, in 2017, the US faced OVER 306 BILLION dollars’ worth of destruction. That’s $306,000,000,000. That’s a...

Should I Invest In A Fixed Annuity?

Individuals who are semi-retired, about to retire, or already retired may choose fixed annuities to help stabilize their income from investments. Fixed annuities are insurance contracts. They offer the person who owns the annuity a set amount of income at regular intervals up to a specified point in time or a specified event, such as the annuity owner’s death. Investing in fixed annuities has both...

What Will My General Liability Insurance Cover?

General liability insurance is one of the most important types of insurance you can buy to protect your business. It is a broad type of coverage that provides protection against general risks. General liability coverage protects you from third-party claims made against your business, such as bodily injury and property damage. It does not cover workplace injuries sustained by your employees – those are covered...

Do I Need Tornado Insurance In My Area?

According to the Insurance Information Institute (III), approximately 1,200 tornadoes touch down in the U.S. every year, with wind speeds as high as 300 mph. Peak tornado season is April through June or July. The most severe tornadoes tend to occur in the spring when they strike the Southeast, a more densely populated area than the Great Plains. III states that the South has more...