How much life insurance is enough is something only you can answer. No two people will have exactly the same amount. Many factors play a role in determining what amount makes sense for your particular situation. Sitting down with your insurance agent can help you when it comes to making sure you have the coverage you need and can afford. In St. Augustine, FL, Tim Huber Insurance believes in offering his customers lots of choices and also getting to know them personally to better meet their needs. 

How much life insurance is enough depends on a few things. All of them contribute to coming up with the correct figure.

How much insurance is provided by your employer?

While employer insurance isn’t the first line of defense in your life insurance arsenal, it adds something to the plan. You may not need to get quite as much in your personal life insurance portfolio. Keep in mind that you may not be able to continue to have this policy if you change employers, so you need to make sure you have an adequate amount of personal life insurance.  

Who depends on you for support?

If you are married, your spouse may count on your pay to supplement theirs and if you have children, their support needs to be taken into account. How about aging parents? Will they need to receive any support from you? 

For how long does your support need to last?

The age of your children is the main factor in determining how much life insurance is enough. If they are young, it could be 15 or more years and that may not even include college. But, you need to be able to afford to pay for what seems like an immense amount of life insurance. Your independent insurance agent has access to many carriers and can help you make an affordable plan

Contact Tim Huber Insurance in St. Augustine, FL with all your life insurance needs. 

Floods are the most expensive natural disasters in St. Augustine, FL. That is enough reason to get a flood insurance policy if you’re an economy-conscious resident.  Imagine what could happen if you found your home swept away by the angry floodwaters. How long would it take you to recover?

If your answer is “not sure”, you don’t need another reason to buy flood insurance. Typically, that answers our title question about who needs to buy flood insurance. At Tim Huber Insurance, we advise our clients to buy insurance for anything they’re not ready to lose or replace.

Everyone needs flood insurance

No one is really ever safe from floods.  More than 20 % of flood insurance claims come from residents living in moderate and low-risk areas. Just because your home hasn’t flooded before doesn’t mean it can’t happen. It’s pretty critical to assess your location and determine the amount of flood insurance you will buy.

If you live in a high-risk flood area and bought a home through a mortgage

While flood insurance is not federally required, your mortgage lender will require you to carry flood insurance if they find out the house or property is located in a high-risk flood area. Some states also recommend buying the policy if your home is marked to be in a high-risk flood area. High-risk flood zones mean you can expect flooding to occur almost every year.

If you’re not adequately prepared, you may end up losing your home and its contents. Remember, flood insurance has a 30-day waiting period, of which it may not be active in the event of a flood event.

Get your flood insurance policy with Tim Huber Insurance 

Don’t wait till the cold season hits to buy flood insurance in St. Augustine, FL. For quotes, queries, and more information about flood insurance, feel free to call Tim Huber Insurance.

You renew your commercial insurance every year, but do you take time to review it? If it’s been a while since you relooked at your commercial insurance for your St. Augustine, FL business, it’s time you gave it a second thought. Reviewing your commercial insurance allows you to see whether it covers your current needs. Besides, it ensures that you are not overpaying or underpaying your premiums. 

Wondering when it’s an ideal time to review your commercial insurance? Hang on as Tim Huber Insurance shares insights. It would help if you renewed your commercial insurance when:

Downsizing or expanding

Are you moving to a smaller office? Or perhaps, you are adding another store? Are you considering new products in your business offering? Either way, you need to review your commercial insurance to ensure you are optimally covered. 

When hiring new employees

You know that employees are your most valuable assets. With this in mind, you need workers’ comp insurance to shield your employees from work-related injuries and illnesses that may hamper their productivity. Since your workforce changes from time to time, you need to update your commercial insurance policy to cover your current needs.

You want to use your personal vehicle to run business operations

Would you want to convert your vehicle to run business errands? You may need commercial auto insurance. Why? Personal auto insurance won’t cover you in case of an accident when using your vehicle to carry out commercial duties. 

You are relocating

Are you moving or adding new locations to your business operations? You need to update your insurance agent about your new business locations. Some areas are prone to risks like floods, theft, and so forth. As such, your commercial insurance requires adjustment to cover your current insurance needs. 

Commercial Insurance in St. Augustine, FL

Do you want more information about commercial insurance? Please contact Tim Huber Insurance to answer your commercial insurance queries. Better yet, we will help cover your business if shopping for commercial insurance coverage.

The St. Augustine, FL area can be a great place to live. One of the advantages that comes with living in this area also has access to many great local parks and outdoor adventure. To tour the state and country well, getting a motorhome is a great option. Along with the purchase of your motorhome, you also need to carefully consider your insurance needs for it. There are great reasons why this coverage is necessary for Florida owners. 

Insurance Needed to Comply with State

A reason that many people in Florida will need to have a motorhome insurance plan is that it is required to drive any type of vehicle. Those that would like to drive a vehicle on a public road should always carry a liability insurance plan. If you do not maintain this coverage, you could be penalized if you are caught driving without it. This could result in losing your right to drive the vehicle.

Insurance is Required by Lenders

Purchasing a motorhome will almost always come with a big investment and it could require that you take out a loan to complete the purchase. If you have decided to finance your vehicle purchase with a loan, it is important to understand the insurance requirements. Most of the time, you will need to carry a motorhome insurance plan at all times to ensure that the asset is as well protected as possible. 

As you are looking for this protection in the St. Augustine, FL area, it would be a good idea for you to call Tim Huber Insurance. The team with Tim Huber Insurance can give the support needed to understand your insurance needs and options. They can then give the support needed to pick a quality insurance plan for your business. 

If you live in St. Augustine, FL and are a business owner, you may want to learn more about commercial insurance. You can learn from the expertise of a firm such as Tim Huber Insurance.

If you are a business owner in the state of Florida, there are different types of commercial insurance that you should consider. There are both legal and financial reasons for this. There are many different events that could potentially threaten your business. These include employees getting injured, customers slipping and falling, and even natural disasters. Additionally, you need to have worker’s compensation available for your employees if you have them. There are also other types of coverage that you should consider, depending on the exact nature of your business. These include coverage for your business property, daily operations, and electronic data.

There are many types of coverage that you should have in terms of commercial insurance. General liability insurance is very important for businesses, as this will protect against third-party property damage and bodily injury. Commercial auto insurance and workers compensation insurance might also be necessary, depending on whether you employ vehicles and workers. Business insurance isn’t actually required by Florida state law, other than workers compensation for those who have employees, so it is really up to you what type of coverage you want to get. There are many different types and the types that you would need depend a lot on the type of business that you own.

If you live in the city of St. Augustine, FL, and want to know more about commercial insurance, you should feel free to contact the professionals at Tim Huber Insurance. They will be able to provide you with guidance in terms of the policy that may be right for you and answer any other questions that you may have about commercial insurance.

Tim Huber Insurance serves the St. Augustine, FL community, as well as the surrounding areas, by offering residents multiple types of insurance coverage. We enjoy simplifying the process of helping our clients find the policies they need to protect what matters most. We have a passion for helping people.

Common Umbrella Insurance Myths

Umbrella insurance is an asset during times when you are faced with a potential liability dispute. The policy acts as a safety net to protect you from potentially dealing with huge losses. You’ll be protected if someone is injured while visiting your St. Augustine, FL residence. If you are a business owner, you’ll also be protected if you are in a serious liability issue that threatens your assets. While you are researching policies, avoid some of these common umbrella insurance myths.

Umbrella Insurance Stands Alone

This is incorrect. Umbrella insurance functions as a secondary policy. The coverage is not designed to take the place of a home, auto, or commercial policy.

I Don’t Need Coverage Because My Assets Aren’t Valuable

Umbrella insurance doesn’t simply protect people with luxury assets. Everything that you own has some type of value. If someone gets seriously injured at your home, you could potentially be faced with expensive litigation. However, umbrella insurance provides a safety net.

Umbrella Insurance Policies Are Too Complex

The process of finding the right umbrella insurance policy can be complicated at times. However, the primary objective is to add coverage to protect your investments. If you are involved in an auto accident you cause serious property damage, you can rely on your umbrella coverage to back up your traditional auto insurance policy.

Tim Huber Insurance Will You Protect Your Investment

Visit our website today to learn more information about umbrella insurance.

The St. Augustine, FL area continues to be a great place for anyone to move to and purchase a home. Those that are in this area will love the warm weather and access to local beaches. While there are a lot of advantages that come with living here, there are some risks as well. One risk that people in this area have is the risk of their home being damaged by the flood. Fortunately, you can protect against this risk with flood insurance. This type of coverage offers several benefits. 

Coverage for Property

One of the advantages that comes with a flood insurance policy is you will receive coverage if your property is damaged. If your property is ever damaged by floodwaters, the costs to remediate can be extremely significant. When you have a flood insurance policy, you will receive the protection you need to cover this damage. 

Loan Compliance

Another advantage of getting flood insurance for your property in Florida is that it can help you achieve loan compliance. When you get a mortgage, you will need to comply with all lender requirements. If your home is located in a flood zone, there is a good chance the lender will require that you protect it with flood insurance. 

In the St. Augustine, FL area, there continues to be a risk that your home could be affected by a flood. If this is the case for you, it is important that you speak with someone that you can trust about your flood insurance needs. The insurance professionals at Tim Huber Insurance should be the first group that you call. The team at Tim Huber Insurance understands the value that flood insurance provides and will be able to help you build and choose a new policy. 

Florida boat owners are not required to carry insurance or have a special license to operate their boats in the state; however, you will need to have a safety identification card, active registration, and have titled your boat with Florida. Additionally, while state law does not stipulate that you need insurance if you financed your boat then the lender may require that you have coverage to protect their investment. With that said, boat insurance is highly recommended – particularly in Florida – given the number of boats on the water, the high risk of hurricanes and other storms, and the high cost of repairs.

Given the expense associated with owning and operating a boat, having insurance is an excellent source for peace of mind. Generally speaking, a boat insurance policy will offer coverage for damage to the boat or personal property that is on board (minus your deductible), liability coverage for damage to another person or their property, medical payments, uninsured boat owners coverage, and towing coverage if you become stranded and need to be towed to a marina. When shopping for boat insurance coverage, it is important to know that most policies are limited to specific territories which means that if you take your boat outside of Florida waterways you may not be covered unless you have prior approval.

If you are in need of boat insurance coverage in Florida, look no further than the talented and professional team at Tim Huber Insurance. Conveniently located in St. Augustine, FL, our knowledgeable insurance professionals are ready to assist in finding your boat insurance that exceeds all your needs. Give us a call today to schedule a no-obligation consultation and learn how we can help you safeguard your investment while keeping your family and friends safe while using the boat. 

People that live in the St. Augustine, FL area should consider purchasing their home. One great housing option to consider would be to purchase a condo. When you get a condo, you are going to have a property that offers you a lot of comfort and security while minimizing your maintenance obligations. If you do purchase a condo, you should carefully consider your insurance needs. There are several situations when having condo insurance will be a requirement. 

When Taking Out a Loan

One situation when you will need to get condo insurance is when you are going to take out a loan. Similar to if you purchase any other property or major asset and finance it, the bank will want to ensure that the underlying collateral is protected. If you get a condo insurance policy, it will ensure you will have the ability to repair or replace your condo or use the insurance proceeds to pay off the loan. 

When in an Association

You will also need condo insurance if you are in a community that has a condo association. Most condos in this area of Florida are going to require you to carry insurance at all times. The bylaws will have rules that govern the level of coverage that you need to have. 

It is almost always required for someone in the St. Augustine, FL area to get condo insurance. If you are going to get a condo insurance policy here, you should speak with the insurance team at Tim Huber Insurance. When you call Tim Huber Insurance, you can get the support that you need to pick a policy. This will help to ensure that you pick a policy that keeps you in compliance with all obligations and properly protects your asset. 

With so many options for life insurance, it can be a bit like a puzzle to find the perfect policy for you. When making such an important decision, here are some tips on how to choose the right life insurance policy and make sense of your options. 

Term Life Insurance

Unlike permanent life insurance, term life insurance is only valid for a specific period of time. Consequently, term life insurance is a great option if you know that you need life insurance for a certain period of time. For instance, let’s say that you just had a baby and want to ensure that there is enough money for your child to go to college if you pass away before that occurs. In this scenario, you might consider purchasing a 20-year term life policy because this will take the coverage period to right about the age that your child enters college. 

Permanent Life Insurance

Offering coverage for as long as you live, permanent life insurance is more expensive than term but you only need to qualify once meaning that only one medical exam – at the time of policy initiation is needed – so you don’t run the risk of being disqualified at a later point in life because of a medical condition. Another benefit of permanent life insurance is that it allows you to accumulate a savings fund that increases on a tax-deferred basis and can be borrowed against for a myriad of reasons if needed. 

When it comes to knowing life insurance, you need trusted professionals to help you make an informed and educated decision. At Tim Huber Insurance in St. Augustine, FL our friendly and knowledgeable team is ready to discuss your options and help you find the right policy for your needs.