Many people think that the life insurance policies provided by work are enough to cover all their expenses, but this may not always be the case. In many cases, the life insurance offered by work is not the best plan.

Heydari Financial Group, which serves Houston, TX, understands that you want the best for your family. This means you want to find the best insurance for your family. These are some of the times when life insurance provided by work may not be enough.

Term Life Insurance May Not Be For You

In some cases, employers do not offer the kind of life insurance you want. They may instead offer term life insurance for a short period of time when you would rather have a whole life policy.

Life Insurance Value May Not Be Right

You may also find that the value of the life insurance policy is not appropriate for your family. It could be too low or too high based on your family’s needs, so you might pursue a different option.

You Want a Policy With Your Spouse

If you want to share a life insurance policy with your spouse, you may not be able to find the right policy through work. You may need to get a policy on your own so that you get the coverage your family would benefit from most.

Private Life Insurance Policies Could Be the Better Option

If you are interested in learning more about other insurance policies, now is a great time to learn more. Heydari Financial Group, which serves many people in Houston, TX, can help you understand which policy is right for you.

The backbone of the American economy is small businesses. 99% of businesses are what is classified as small businesses, meaning less than 500 employees. Many small businesses are much smaller than that, with the average having 10 employees. The risks they face can cause them to go out of business if they don’t have a way to mitigate the dangers. Heydari Financial Group in Houston, TX offers businesses commercial insurance that helps them survive a variety of hazards. 

Commercial property insurance

Commercial property is the business version of home insurance. It protects your building if you own it, but if you are a renter, the protection it offers is still of great value. It covers your business equipment, the things you need to do business. Your machinery, office equipment, inventory, raw materials, and more. 

Commercial auto insurance

If your business owns a vehicle, it must be covered by commercial auto insurance. It is the law in Texas. If that vehicle is in an accident, it must be covered to protect others from a business-caused accident. Keeping your personal finances separate from your personal finances is always the best idea. 

Commercial liability insurance

Small businesses are particularly vulnerable to being sued. If a customer is injured when visiting your business or by a product that you produce, you could find yourself involved in legal action. If you lose the legal action, you could have to pay a large settlement and have legal expenses. With commercial liability insurance, you will be covered for both the settlement and the legal fees up to the limit of your policy. It can save your business from having to close its doors. 

When you want to discuss commercial insurance, turn to Heydari Financial Group in Houston, TX for a good selection of carriers and the information you need to choose the right coverage. 

Before Hurricane Harvey hit Houston, TX on August 25, 2017, no hurricane had damaged the city since 1961. Although conventional wisdom attributes hurricane damage to the high, sustained winds, flooding often causes longer-lasting, costlier damage due to the length of time required for the waters to recede so that debris cleanup and mold mitigation may begin. Nevertheless, home and business owners roll the dice without flood insurance, mistakenly thinking that their homeowner’s, renters’, or commercial insurance policies cover those contingencies.

Your Policy Coverage and Flood Damage

Homeowners’, renters’, and commercial insurance policies typically exclude flood damage, including losses from home business disruptions, mold formation, other issues. A single inch of floodwater could cost $25,000 in damages. Therefore, while saving a few dollars a month by not carrying flood insurance might seem tempting, the financial bite from a single heavy rain could haunt you later. A wiser decision? Speak with an agent at Heydari Financial Group to determine the correct coverage for your home, auto, and business.

The National Flood Insurance Program

Created after the passage of the National Flood Insurance Act of 1968, the National Flood Insurance Program protects property owners — including business owners, homeowners, and renters — from flood damages. The program defines a flood as an area partially or completely underwater that normally remains dry, or two or more properties affected by mudflow, shoreline erosion, or an unusual amount of surface water runoff.

I Live Outside the Flood Zones

Floods happen everywhere. Additionally, flooding affects homes and businesses outside declared disaster areas. NFIP policies pay damages with or without a federal disaster declaration. Better yet, the NFIP provides $5000 advance payments before the insurance adjuster examines your property.

At Heydari Financial Group, we will happily assist you with determining the coverage needed for your peace of mind.

While the conversation about life insurance isn’t something you want to hear, the sooner you have it, the easier it becomes for those who depend on your income when you are alive and kicking. Many people assume that life insurance only makes sense as one gets older. This preconceived notion can’t be further from the truth. Life insurance isn’t about age. It’s about your financial interests and situation. In light of this, Heydari Financial Group of Houston, TX, shares insights into who needs life insurance. You need life insurance if you:

Have dependents

Do you have children, a spouse, or aging parents? If you have dear ones depending on your income, you must have life insurance to take care of their financial obligations when you die. Life insurance replaces your income and comes in handy in meeting obligations like child care, school fees, everyday living expenses, and so forth in your absence.

Have debts

While some debts can be discharged when you die, others will have to be passed to your cosigners and loved ones. Do you have a mortgage or car loan? Have you ever wondered how these debts would be paid if you die? If you don’t want to burden your cosigners with your debts, you must consider life insurance.

Want to pay off your funeral expenses

Your family is already going through a tough time dealing with your death. An extra layer of financial obligation in the name of funeral expenses would torment your family even further. Given that funerals can be an expensive affair, take life insurance to relieve your loved ones of this burden.

Want peace of mind

Like taxes and rain, death is certain. The problem is that we don’t know the day and hour. Given that death can occur unexpectedly, life insurance can help safeguard against uncertainties of life. With life insurance, you and your family members don’t need to worry much about how your loved ones will survive financially after your death.

Buy life insurance today

Whether old or young, it’s never too late to invest in life insurance. If you are shopping for life insurance in Houston, TX, and its environs, please contact Heydari Financial Group for a personalized quote. 

When you own a business, insurance protection should be high up on your priority list. Unfortunately, most business owners make the mistake of purchasing mandatory or minimum commercial insurance. While ignoring insurance for your business might seem like saving, you are in for a rude awakening when the unexpected strikes. Your prized business can come down tumbling when ravaged with perils like storms, theft, vandalism, and lawsuits. Would you want that for your business?

Are you a Houston, TX business owner looking for business insurance? You are on the right track. When buying commercial insurance from Heydari Financial Group, keep your eyes peeled for the below factors.

Compliance with the law

You wouldn’t want to be on the wrong side of the law. As such, make sure your commercial insurance complies with the state’s law. For Texas, businesses must carry commercial auto insurance and workers’ compensation insurance.

Liability protection

Whether it’s bodily injury, property damage, or advertising injury, your commercial insurance should have adequate liability coverage to safeguard your business. Financial liabilities can run your business into a financial mess. And if significant enough, liabilities can force your business to wind up. 

Property protection

Your business owns plenty of assets — talk of the building itself, inventory, furniture, and vehicles. Can you imagine the loss you would suffer if theft, fire, storms, or vandalism strikes your business? It must be enormous. With this in mind, ensure that the commercial insurance you buy provides all-around protection to your assets. 

Employee protection

Your employees are one of your most prized assets. To that end, you wouldn’t want injuries to affect their productivity. And if they do, you want to make sure that medical expenses are well covered. When sourcing for commercial insurance, see to it that it covers your employees against work-related injuries.

Need more information on commercial insurance? Contact Heydari Financial Group located in Houston, TX. Our team will be happy to answer questions you might have.

With more flash floods and hurricanes popping up across the world than ever before, have a flood insurance policy in place may not be a bad idea. While Texas homeowners are not required to have flood insurance, it is a good idea to protect your home which is one of the largest and most expensive investments you will make in your lifetime.

 Many people are under the impression that flood coverage is included in their homeowner’s insurance policy but then find out it is not a part of their policy. You need to talk to an agent who has experience and knowledge of flood insurance, such as the insurance agents at the Heydari Financial Group in Houston, TX who can help you create a policy that works for you and your property.

Flood Insurance Policy Coverages

Your flood insurance policy can be obtained through your insurance agent and the National Flood Insurance Program (NFIP) and you have two options to choose from. One option will provide coverage for your home up to $250,000 while the other will cover your personal property up to $100,000. For example, if your home is destroyed by a flood, you will be issued enough money to purchase a new home or rebuild at the site of the house you lost to flooding. Your personal property will also be covered, which includes your furniture, clothing, appliances, and other personal items you worked hard to purchase. Some of the items not covered under a flood insurance policy include cash, stocks, and bonds so those things should be kept at a location other than your home, such as a safety deposit box.

To get a quote or make an appointment with a trusted and experienced agent, contact the Heydari Financial Group in Houston, TX, by calling our office today!