The Importance of Buying Locally This Season

 Auto Insurance, Home Insurance, Insurance  Comments Off on The Importance of Buying Locally This Season
Dec 032015

BUYLOCALWith the holidays in full swing, purchasing gifts are on the top of everyone’s to-do list. Although large chain stores may be the most convenient and affordable locations for many people, they are not always the most beneficial for a local community. It is no secret that small businesses struggle to keep up with these big chains during the holidays, and in many cases, local businesses close their shops permanently because they simply cannot compete.

Though “Small Business Saturday” has passed, Soucy Insurance would like to reiterate the importance of shopping locally. One of the main benefits is that it helps stimulate the local economy. According to a recent study, local businesses generate 70% more local economic activity per square foot compared to big businesses. This local activity creates an annual return, which would normally be a deficit for a big business in identical conditions.

During the holiday season, many chain stores hire new employees to keep-up with demand. However, these are only temporary positions, and chains will displace these employees at the conclusion of the holidays. Oftentimes, this pattern leads to a tax increase to keep up with new service rates. By supporting local employees, you are not only keeping them busy but also keeping them secure.

Beyond the economic benefits, buying locally also means you are helping to improve the environment. The additional shipping and production that comes with the holiday season results in an increase of pollution output. In fact, approximately half of all pollution is caused by industry and big business.

Shopping locally is a great way to give back to your community. Local businesses are the livelihood of a community and help make each region unique. Before you start getting your gifts in order, Soucy Insurance encourages you to consider shopping locally. A little thought can go a long way towards bettering your community.

Information for this article provided by: The Benefits of Shopping and Buying Locally (, Why Buying Local Is worth Every Cent (

Why You Should Consider Flood Insurance For Your Home or Business

 Home Insurance, Insurance  Comments Off on Why You Should Consider Flood Insurance For Your Home or Business
Mar 192015

FloodedWhiteHouseMany people are unaware that standard homeowners and commercial insurance policies do not cover water damage resulting from ground water flooding. As we anticipate high levels of flooding this spring due to blocked drains, heavy rain and melting snow, it is important that you understand your options when it comes to fully protecting your home or business.

Although most property owners typically have the necessary flood insurance when living in high-risk areas, inland areas are just as susceptible. Even if your home or business is located in a low-risk flood area, we highly recommend you consider adding this type of policy to protect yourself from costly repairs.

In addition to adding a flood insurance policy, it’s also important to safeguard your belongings by creating a personal flood file that lists information about your possessions. Be sure to keep it in a secure place, such as a safe deposit box or waterproof container. The file should include:

  • A copy of your insurance policies with your agents’ contact information
  • A household inventory: For insurance purposes, be sure to keep a written and visual (i.e., videotaped or photographed) record of all major household items and valuables, even those stored in basements, attics or garages. Create files that include serial numbers and store receipts for major appliances and electronics. Have jewelry and artwork appraised. These documents are critically important when filing insurance claims.
  • Copies of all other critical documents, including finance records or receipts of major purchases

We highly recommend you consider purchasing flood insurance to help avoid the devastation that flooding could cause. If you would like to learn more about adding flood insurance to your current policy, please call Soucy Insurance at (401) 762-2218 today.