Spring Happens!


Message From The President

Spring 2022 has arrived!! It is once again time to review your financial goals and make any necessary changes for a successful financial future. One area of focus should include a review of your financial security via your insurances. As costs increase over time pay attention to the insurance limits you’ve chosen. Make sure your home, camp, or other real estate property limits are keeping pace with construction costs. You will also want to make certain your long-term care and life insurance policies are endorsed with inflation riders.  Don’t be left out in the dark on these important issues. Give your agent a call today to help shed light on your insurance program!


And speaking of darkness, did you know that Northern Maine will be experiencing a total eclipse in a couple of years?! You’ll be hearing lots more about this unique phenomenon in the coming year because FAPCO’s home office community of Houlton, Maine is in the path of total darkness.


Have a great spring season!  


All the best,


Christopher B. Anderson CPCU, WCP





Has Inflation Left Your Coverage Short?

It seems like prices are going up for everything. In fact, inflation has set records in recent months as the highest it's been in 40 years. Food, gas, cars, homes, clothes...anything you need to buy today will likely cost a lot more than it did a year or two ago.


What if something happens, like a car accident or kitchen fire? Does your insurance cover the current cost to repair or replace your property?


In some instances, you may have automatic coverage for replacement cost of items lost in a claim. But, in other cases, you may have a limit or a stated amount that you agreed to cover when you started your policy. Now is the time to take a close look at your coverage to make sure it's enough to meet current inflation.


This dilemma can apply to both personal insurance, like home and auto, and business insurance. Equipment or property you own for your business may not be currently insured for what you would need to buy it again today.


Inflation is already leaving most of us tightening up the belt a bit. Don't let it leave you out in the cold if you don't have enough coverage. Call your agent today! 


Improve your insurance financial literacy in these 5 areas!

When improving your financial literacy, don’t forget about insurance!


We often see news articles and posts about “adulting” and the lack of financial education for young people. We make efforts to improve financial literacy by giving advice about employment, mortgages, saving and investing, and automobile costs. What usually gets put on the back burner is equally as important – insurance!


Don’t wait until your mortgage closing or your purchase of a new car to remember you need insurance! Being prepared with the help of an independent insurance agent can save you hundreds of dollars a year, or more. Here are five of the most important insurance products you need.


1. Health Insurance


We all know medical costs are crazy, and most people can’t afford to go without health insurance. If you’re lucky, you have a job that provides it. If you don’t, there are options in the health insurance marketplace. The website can seem daunting, but did you know that we can help? Our health insurance agents would be glad to help you through it. We also have other options outside of the marketplace, to help you figure out your best coverage.


2. Life Insurance


Nobody wants to talk about death, but nobody escapes it. Life insurance is pivotal to financial literacy. If someone depends on you financially, you need life insurance. Even if you are single with no children, you may have a co-signer on a loan who would be responsible for the payment if you died. Term life insurance is a policy you buy at a set annual rate for a period of years and provides a set amount of money to your beneficiary when you die. These policies are generally affordable! Other types of life insurance that can be used as investments are also available. Our agents will help you find the best option.


3. Home Insurance


Most homeowners have mortgages, and banks require homeowners insurance, so this is a hard one to overlook. Often, banks will provide their own financial literacy courses for first time buyers, that cover insurance topics. Our homes are usually our biggest investment, so protecting them is essential. Homeowners policies cover damage to your home and belongings for many events, including fire. They also cover you for liability if someone is injured or property is damaged as a result of your negligence.


What is often overlooked, because it is not required, is renters insurance. Renters insurance covers the same things as homeowners insurance, except for the actual home itself, which is owned by your landlord. You will have coverage for all of your belongings and liability. Renters insurance is extremely affordable.


4. Auto Insurance


The State of Maine requires liability insurance for any registered vehicle, so if you are a driver, you likely know at least enough to buy car insurance. You may not know about what different coverages are included in your policy.  If you financed the vehicle, your bank required “full coverage” as well. Liability insurance covers bodily injury or property damage to others when you are responsible for an accident. For “full coverage,” you also need comprehensive and collision coverage for your own vehicle. Collision coverage will pay for damages to your vehicle as a result of a collision. Comprehensive coverage, or “other than collision,” provides coverage for things like theft, glass damage, and hitting an animal. Both of these coverages have a deductible, or an amount that you would pay before coverage kicks in. For instance, if you run off the road and hit a tree, and your collision deductible is $500, you would pay the body shop the first $500 and your insurance company would pay the remainder of the bill.


It makes sense to review your car insurance often. We represent dozens of insurance companies and can find you the right fit. Also, it saves money to bundle your car and home (or renters) insurance for a discount!


5. Business Insurance


Ok, so you may not run a business so you think this doesn’t apply to you. Or does it? With the trend of the “side hustle” you may have some gaps in your standard insurance policies like home and auto insurance. Do you babysit kids in your home? Are you an Uber driver? Do you sell crafts or other homemade items from your home? If there is anything you do regularly that provides an extra income, you might not have the coverage you need. So, give us a call to make sure you’re covered!


Brushing up on your knowledge of these insurance basics will put you well on the path toward financial literacy!


Meet Your Agent

Heather Bouley, Madawaska

Meet Heather Bouley, Assistant Branch Supervisor of our Madawaska office. Heather was recently promoted to his position and still maintains her duties as Senior Account Manager and Sales Producer. She has been with F.A. Peabody Insurance for 5 years, and lives in Madawaska with her husband, Wayne, and her sons, Nathanael and Lucas. She says, "I am looking forward to making the Madawaska branch of F.A. Peabody Insurance a well-rounded and sought after location for everyone’s insurance needs. Growing our clientele is always a number one priority, while also providing the best customer service to all current and new customers.” 


Heather can be contacted by calling 207-316-1157 or emailing heather.bouley@fapeabody.com.


Come to Houlton for Eclipse 2024!

On April 8, 2024, a total solar eclipse will make it's way across North America, and its last spot in the U.S. is right in Houlton, Maine! The Houlton community has already begun planning to make this event THE place to be in New England! No other community in Maine has the unique advantages that Houlton will enjoy. F.A. Peabody Company is excited to be the major sponsor for the activities surrounding the eclipse! You can read more about it here!


Money Quotes

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

Sam Ewing


A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.

Suze Orman


Know what you own, and know why you own it.

Peter Lynch


The quickest way to double your money is to fold it in half and put it in your back pocket.

Will Rogers


Recipe Corner

We Can't Wait for Summer Surprise!

by Mary Cray, F.A. Peabody's Lincoln Office


1 Angel food cake

1 Quart fresh strawberries

3 Cups blueberries

1 Large package vanilla pudding

1 Large Cool Whip



Mix pudding with milk as directed

Cut cake into 1" cubes

Cut up strawberries

Mix 2 cups of Cool Whip in with prepared pudding


Assemble Trifle:

Place one layer of cubed angel food cake in glass dish

Place 1/3 of strawberries and 1/3 of blueberries, press down lightly

Top with 1/3 of pudding

Repeat layers 2 more times

Spread with remaining Cool Whip

Garnish with remaining berries

Refrigerate until ready to serve




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