Educational Lab

Q: Who Needs Umbrella Insurance?
Umbrella insurance can benefit almost anyone. That's because accidents that result in high costs can happen to anybody. An umbrella insurance policy can help prevent you from paying out of pocket for another person's medical or legal bills if you're found responsible.
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Q: Is Auto Insurance Required in Connecticut?
As with most states, to register and drive your car in Connecticut, the state requires that you have a minimum level of certain types of auto insurance coverage.
 

• $25,000 in coverage per person per accident for bodily injury liability*

• $50,000 in coverage per accident for bodily injury liability*

• $25,000 in coverage per accident for property damage liability*

• Uninsured/Underinsured Motorist coverage of at least $25,000 per person/$ 50,000 per accident.

 
Most people opt for higher amounts of auto insurance coverage than the state minimum to protect themselves in case of an accident.
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Q: Why Get a Renter's Insurance?
As a renter, your landlord ensures the physical structure of your apartment, condo, or home. But that doesn’t protect your belongings inside the rental. That’s why renters insurance is important to have, so you can fix or replace your belongings if they get damaged from a covered loss, like:
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• Fire and smoke damage

• Theft or burglary.

• Vandalism.

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Q: Do I Need Business Insurance?
Businesses need business insurance because it helps cover the costs associated with property damage and liability claims. Without business insurance, business owners may have to pay out-of-pocket for costly damages and legal claims against their company.
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Q: Is Homeowner's Insurance Required?
Homeowners' insurance isn't legally required, but most lenders will require you to buy insurance so your home, and their investment, are protected.
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Q: What is an Additional Living Expense (ALE)?
Additional living expense (ALE) insurance is a type of protection provided by a homeowner's, condo owner's, or renter's insurance policy that pays for additional living expenses paid by a policyholder if they are temporarily evacuated from their house. The coverage typically represents 10% to 20% of the insurance that protects the home.
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Q: What is Commercial Insurance?
Commercial insurance, commonly known as business insurance, safeguards your company's finances against risks including customer lawsuits, employee or customer injuries, property theft and damage, and other unforeseen occurrences. Unlike personal insurance, commercial insurance can cover a wide range of people and entities. Additionally, commercial insurance often has far higher amounts of coverage than personal insurance because there is typically more physical property at risk.