Boat owners may sometimes be tempted to cancel their boat insurance during the off-season. However, discontinuing your coverage during these months can lead to significant risks and gaps in protection. At Tim Huber Insurance, we generally recommend that boaters adjust coverages rather than cancel their policy altogether. Here’s why.

Risks of Canceling Insurance

Canceling your watercraft insurance during the winter could leave you unprotected against risks such as theft, fire, or other damage. Your boat and trailer could be stolen, a building’s roof could collapse on the boat during bad weather, or any number of other incidents can occur. Without boat insurance, you would be unprotected in these situations.

Specifically, comprehensive coverage may protect against theft and damage during the off-season. This is one of the primary coverages that we recommend St. Augustine, FL boaters keep, even if they have not used the boat for a while.

Adjusting Coverage Instead of Canceling

Instead of canceling your watercraft insurance during the winter months, you might want to adjust your policy for the off-season.

Many policies allow you to keep coverages like comprehensive coverage while suspending ones like protection for salvaging a sunken vessel. You might also want to maintain coverage for safety equipment, sports gear on your boat, and possibly other protections.

You can then reinstate any suspended coverages when you take your boat out of storage. This approach can ensure you’re adequately protected throughout the year while saving a little on premiums during the off-season.

Get Help Adjusting Your Boat Insurance Policy

If your boat is going into storage somewhere around St. Augustine, FL, contact us for help adjusting your boat insurance coverages. We at Tim Huber Insurance can assist with this and any other boat insurance matters you might need help with.

Depending on your homeowners’ association, your HOA may cover your condo’s cabinets, flooring, and similar elements, or you may be responsible for those features. Either way, your condo insurance policy covers only your personal belongings and liabilities. It will not cover business-related tools and equipment, including office electronics and furniture. If you live in a condo and have a work-from-home business, verify your coverage with your insurance provider. The Tim Huber Insurance team, serving St. Augustine, FL, will happily find condo and business insurance coverage that works for you.

Condo Insurance and Working from Home

Condo and home policies offer limited protection for "side-hustle" businesses operating from home. Typically, the coverage limit is only $2,500 in business assets, so you will likely need commercial insurance if you run a business from your condo and any of the following apply:

• Customers or suppliers sometimes visit your condo
• You keep inventory or supplies at your condo
• Your business could be interrupted or lose revenue due to damage to your condo
• Your employees need Worker’s Compensation coverage
• You maintain computerized client, supplier, or employee records subject to commercial cybercrime.

Each person’s situation is unique, but meeting one of those conditions suggests you should explore commercial insurance options such as:

• Adding a business property rider to your condo policy ($5,000 limits are common)
• In-home business insurance covering property coverage, liability, and other elements for businesses with revenue under $250,000
• Business Owner’s Policy (BOP) offers broad commercial insurance coverage for businesses exceeding $250,000 in revenue.

Working with Tim Huber Insurance

The Tim Huber Insurance team proudly serves business owners with condos in the St. Augustine, FL, area. Call us at (904) 824-2555 or stop in today to discuss how to protect your personal and business assets adequately.

Life insurance for your child offers you and your family a financial safety net in the tragic event your child passes away. At Tim Huber Insurance, we advise customers in St. Augustine, FL, and beyond to consider life insurance for their children for their own peace of mind and their children’s financial security.

What does a life insurance policy on your child cover?

When parents are listed as beneficiaries on a child’s life insurance policy, they can choose how to spend any death benefit. Life insurance policies can cover funeral and burial expenses or give parents time away from work to grieve.

Many policies can be continued and transferred to the child after adulthood. Since children’s life insurance premiums are lower than those for adults, your child can have lifetime coverage at lower rates without taking a medical exam. And if you buy a whole life policy, at some point, it can be converted to paid-up life insurance, borrowed against without regard to credit history, or surrendered for cash.

Types of life insurance for children

We have already mentioned whole life insurance, which accumulates value as long as the premiums are paid. At Tim Huber Insurance, we also write term life policies, which don’t accumulate cash value but have lower premiums, and permanent life insurance that can insure your child as an adult. 

With most companies, even newborns can be insured. But if you have not taken out life insurance on your child, even 17 is not too late.

Wherever you live in St. Augustine, FL, or anywhere else, Tim Huber Insurance can give you the assurance you deserve. Call us today!

Floods come in various types and categories. While some floods pose an immediate threat, the good news is most are not life-threatening. However, all floods are expensive. Safety is always the top priority during a flood, but what happens once the immediate danger of the floodwaters has passed? That’s where the assistance of insurance can make a difference. That’s why people in and around St. Augustine, FL, rely on the friendly and professional agents at Tim Huber Insurance for their insurance needs.

Insurance Protection for the Expense of Flooding

Although we may have advanced warnings of a flood, sometimes we can do little or nothing to protect our valuables. During a flood, the safety of our loved ones is always the top priority. However, once the waters recede and the storm passes, the cost of dealing with the aftermath is often more than anticipated.

The cost of a flood can range from issues with the flooring and structural stability to replacing lost items and repairing damaged property. Cleaning up after a flood can be expensive. Fortunately, flood insurance protection can assist with replacing lost items, repairs, clean-up costs, and more, making the recovery process more manageable.

Flood Insurance Solutions in St. Augustine

We can assist if you’re seeking flood insurance in or around St. Augustine, FL, or have queries about flood insurance protection. Floods can be expensive, and so can the clean-up, but flood insurance can provide some relief. Contact Tim Huber Insurance to learn more and schedule an appointment today. We’re here to help once the floodwaters recede.

Classic car insurance and regular car insurance aren’t the same. For one, getting classic car insurance is impossible unless your car is at least 20 years old. There are also storage requirements and usage limitations to abide by. For instance, it’s important the vehicle gets stored somewhere safe and secure. Secondly, owners cannot use their classic cars to drive anywhere. That’s why you typically see these types of cars only at car shows and other special occasions. Some other significant differences include:

• Cost: Classic car insurance is usually cheaper than regular car insurance. One reason behind this is that classic cars aren’t usually driven as much as new models.
• Coverage: Many classic car insurance policies offer specialized coverage options customized for classic cars, such as coverage for expert repair services or vintage parts. 
• Actual value vs. agreed value: Classic car insurance uses an agreed value to assess the amount of the payout to give you if your car gets stolen or lost. The agreed value is the amount you and your insurer agreed as the value of the car at the start of the policy. Regular car insurance goes by the actual cash value system. In other words, your payout is based on your car’s depreciated value at the time of the claim.

Classic car insurance has a lot of benefits for owners in St. Augustine, FL, but it’s still important to shop around and compare quotes from different insurers to ensure you’re getting the best coverage for your specific classic car at the best price. Our agents at Tim Huber Insurance will walk you through the terms and conditions of your policy so you get a comprehensive understanding of what’s covered and what’s not. 

Owning a motorhome can be a great idea for many people in St. Augustine, FL. With a motorhome, you will not only have a mode of transportation but also a place to live when on the road or as a permanent residence. If you are going to purchase one in Florida, having insurance is important. There are many situations when someone will need this coverage. 

Those with a Loan

A situation when you will need to have a motorhome insurance plan is when you take out financing. When you are looking to purchase a motorhome, you will find the costs can be significant. While you can finance the purchase with a loan, there are rules that you need to follow. One requirement will be to carry a motorhome insurance plan at all times. Lenders will want you to have this to ensure their collateral is protected. 

Those Looking for Coverage

Even if you are not obligated to carry a motorhome insurance plan, you should still consider getting one. When you have full motorhome insurance, it will provide you with coverage for your asset and liability support. This can prove to be very helpful if you are found at fault for an accident that leads to a liability claim or a covered claim damages your property. 

When you are going to purchase a motorhome in the St. Augustine, FL, area, you need to ensure that you are appropriately insured. As you are ready to start looking for a motorhome insurance plan here, calling our team with Tim Huber Insurance would be smart. Our professionals with Tim Huber Insurance will offer all the guidance you need to build your following policy and protect your motorhome. 

Insulate Your Business with Commercial Insurance

Running a successful business requires foresight to weather both foreseeable and unpredictable challenges. Commercial insurance emerges as a crucial fortress to safeguard businesses from such obstacles. Here’s a closer look at why businesses in St. Augustine, FL, need commercial insurance, curated by Tim Huber Insurance.

Secure Against Legal Woes

Every business involves inherent risks with employees, customers, and products in play. Commercial insurance shields against losses from wounded customers, defective products, or employee-related issues. Should these problems translate into a lawsuit, your commercial insurance policy steps in to minimize potential costs.

Insurance with Compliance

Based on the specific nature of the business, the law may demand certain insurance liabilities. Commercial insurance helps you comply with these legal mandates specific to your industry. Experts at Tim Huber Insurance can guide you on whether your business needs enhanced protection to adhere to these regulations.

Future-proof your Business

Unforeseen damages can significantly curtail a business’s growth. Commercial insurance, however, ensures that such losses do not hinder your expansion plans. By favoring regular insurance costs over random, significant losses, you keep your company’s future secure.

For more detailed insights and assistance concerning commercial insurance, get in touch with our agents at Tim Huber Insurance today.