Last Updated on July 25, 2012 by DeanR
FedUSA Group Franchise
FedUSA Group is a business providing financial and insurance services. It was founded in 2000 and started franchising in 2001.
Their specialty is in automobile insurance that is non-standard. They manage line insurances for their clients. Their aim is to provide excellent and personal service to every client. They now have 35 locations all over the United States and 163 locations that are company owned.
What services do they provide at FedUSA Group for Automobiles?
Their Auto Insurance provides monthly payments and low down payments that may fit anybody’s budget. They have deductibles ranging from $200 to $1000. They have insurances for commercial vehicles and leased vehicles. They also have insurances for drivers with tickets, high risk drivers, and drivers needing SR-22 insurance coverage. The insurance is available for private and commercial vehicles. They have different types of coverage such as Bodily Injury Liability, Personal Injury Protection (PIP), Uninsured Motorists Protection, Property Damage Liability, Collision Insurance, Comprehensive Physical Damage Insurance, Medical Payments, No-Fault or Personal Injury Insurance, Mechanical Breakdown Insurance, and Rental Car Reimbursement or Towing Insurance.
What services do they provide for Homeowners?
Their homeowners insurance is designed to give the families peace of mind that their homes and belongings are protected. Homeowners insurance covers the house and belongings from theft, fire, and damage including cases if someone was injured within your property. Flood Insurance covers damages and property loss caused by flooding. Condo Insurance is needed for you to protect your own belongings because the condo association’s insurance only protects the building itself. It means that if your unit was damaged because of a leak from a unit above you, their insurance would not cover your belongings. Renters Insurance is specifically designed to cover your belongings from fire, theft, and other disasters.
What services do they provide for Commercial properties?
Their Commercial Insurance provides a long list of coverage including the commercial property itself, restaurants, contractors, beauty salons, retailers, barber shops, dealers open lot coverage, cargo coverage for moving companies and truckers, just to name a few. They have packages designed for each.
Cost and requirements on running a FedUSA Group
You need to have a net worth of $75,000 and a total liquid asset of at least $20,000. Expect to be investing about $29,000 to $74,000. The FedUSA Group Franchise fee is $5,000 to $19,500 with an on-going royalty fee that varies. This is for a renewable 10 year term agreement. They also require a general business experience, a 2-20 P&C License, and have the ability to manage finances. You will need about one to four employees to run one location. They allow multi-unit ownership. They do not allow absentee ownership.
What is included in the franchise package?
There will be one week training at the headquarters and three weeks at an existing location. You will be receiving newsletters and a toll free phone number. You will be given access to the internet and purchasing cooperatives. You will also be receiving assistance at the grand opening. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks, co-op advertising, and regional advertising.
FedUSA Group Contact Details
You may reach them at:
Address: 2250 Lee Road, Suite 100A Winter Park, Florida 32789
Phone: 888-440-6875