If you have a business, you know that commercial insurance is one of the cornerstones of good business acumen. Tim Huber Insurance serving St. Augustine, FL would like you to know about commercial insurance benefits.

Asset Protection

One of the key benefits of a comprehensive commercial insurance policy is the financial protection of your assets against certain perils you may experience. Depending on your policy structure, you may either have a policy that pays for the perils specified in the policy or pays unless it is a peril specifically excluded from the policy. This can include policy add-ons that provide additional insurance against theft and vandalism.

Liability

Liability and litigation go hand in hand. If you are legally responsible for someone’s injuries or damage to their property, you are liable. Liability insurance provides a financial cushion, and certain policies may include insurance covering you for the costs of a liability lawsuit.

Employee Protection

If you are a business with employees, then there is a chance that your employees may experience injuries, death, or disability while working. Workmen’s compensation insurance pays or helps to pay for these costs, often including a loss of income benefit for the employee while they recover.

Business Interruption

It shouldn’t happen often, but sometimes, an event beyond your control may interrupt the industry of your business, directly affecting your bottom line. This is where business interruption insurance comes in. Depending on your policy wording, this provides you with benefits while your business is closed.

Contact Us

The biggest benefit of commercial insurance is peace of mind, knowing that you have tailored your commercial insurance to protect you against your greatest enemy, the unexpected. Speak to Tim Huber Insurance serving St. Augustine, FL, today about renewing or reviewing your commercial insurance policy.

If you own a 1956 Chevrolet Bel Air or a 1968 Chevrolet Camaro, you may need classic car insurance from Tim Huber Insurance of St. Augustine, FL. But since classic car insurance differs from standard auto insurance, most collectors’ car enthusiasts aren’t so sure about this coverage. Today, we have created a FAQs section to respond to questions we receive from our clients. But if your question isn’t still covered, don’t hesitate to get in touch with us.

Is my car eligible?

Your daily drive car isn’t eligible for classic car insurance. Besides, your vehicle needs to be at least 25 years and above to qualify for classic car insurance.

What is the agreed value, and why does it matter?

The insured value of most standard vehicles is actual cash value — here, your insurer determines the value of your car at the time of loss. However, things are a bit different in classic cars. You and your insurer pre-agree with the value of your car in the event it’s totaled. This way, you get the actual value of your car, which is a good thing because antique cars’ value appreciates or remains constant.

Is classic car insurance expensive?

You will be surprised that classic car insurance is significantly cheaper compared to standard auto insurance. Since you don’t drive your car every day, the risk of your exotic vehicle is considered minimal, making the premiums affordable.

What are the different classic car insurance coverages?

Most coverage options for your classic car insurance are similar to those of your standard auto insurance. Here are some examples of classic car insurance:

• Comprehensive and collision coverages
• Liability coverage
• Medical payments (MedPay)
• Uninsured/underinsured motorist coverage
• Original replacement coverage
• Roadside assistance

Protect your pride and joy in St. Augustine, FL

Since your classic car is more than a vehicle, you need the right insurance coverage to protect your investment. To get classic car insurance, please get in touch with Tim Huber Insurance.

Expanding Your Home and Auto Liability Coverage

The financial damage from an auto accident or a medical emergency in your home can be astronomical. If an injured person sues you, the amount could be higher than your coverage, even with a sizable policy limit. Umbrella insurance, offered through agencies like us at Tim Huber Insurance in St. Augustine, FL, focuses on covering people who already have insurance, so it kicks into effect in these situations to pick up the loss. Since its policyholders have less risk due to already having insurance, umbrella coverage has high coverage limits and low premiums that make it valuable for those scenarios without breaking your bank.

Protecting Your Family

An umbrella policy’s spread of coverage goes beyond yourself. As long as they don’t have their own separate insurance policy, members of your household will be covered. More household members make for more potential risk, especially if you have a young driver living at home. Signing up for umbrella coverage ensures you can be there for them in every way.

Covering Your Uncovered Losses

Umbrella insurance has fewer restrictions on what it will cover compared to home and auto insurance. Instead of telling you what the policy will cover, the policy explicitly outlines the things that it won’t cover. Which items are excluded will vary as you look between providers and policies, but the exclusions are usually ones that make sense, such as not covering damage that you cause to your own property. If you are liable for a loss that isn’t excluded but has no other coverage, you pay a limited amount similar to a deductible. When you venture out of St. Augustine, FL, you can focus on having a good time instead of worrying if you sign up for an umbrella insurance policy with the help of Tim Huber Insurance.

Flood risks can ruin your home and your valuable items. While no one can give back something with sentimental values, you can protect yourself as much as possible.

Do you know how covered you are in case your neighborhood and home experiences flooding? Or do you know when flood insurance becomes a must? We do and we are here to help you figure this all out too.

Contact Tim Huber Insurance in St. Augustine, FL to discuss flood insurance or to receive assistance revising your current flood insurance.

When You Need Flood Insurance

Of course, it seems logical to get flood insurance if you live in an area that is at a high risk of flooding. It’s definitely incredibly wise to get flood insurance at that point, but in some cases, you are actually required to have flood insurance. Mortgage lenders might not give out a mortgage for certain high-risk areas unless the buyer agrees to flood insurance. Make sure to read up on your flooding risk now, but especially if you plan on moving to a new area. 

When You Should Want Flood Insurance

If you don’t live in a high-risk area, it is still worth discussing flood insurance with us. Even if the risk is low or you live in a high rise, knowing what you stand to lose in case of flooding might be the push you need to avoid losing your valuables and property damage in case the worst happens.

We can provide you with multiple quotes and advise you on what flood insurance is best suited for your circumstances. You can call Tim Huber Insurance in St. Augustine, FL to enquire about quotes.

Boat insurance.

Boat insurance is an insurance policy provided by companies like Tim Huber Insurance Company that helps protect vessels motorized by a motor power that comprises at least 25 miles per hour against damage. This insurance covers all boats, including fishing boats, Bowrider boats, Deck boats, among others. It protects you from risks like theft, physical loss, damage, or towing. Some boat insurance covers for injury to other people other than the driver and medical payments. For this reason, it is wise for all boat owners to choose boat insurance that is best suitable for them in St. Augustine, FL.

Is Boat Insurance a Must in Florida?

In Florida, it is not mandatory for boat owners to have boat insurance. But, considering the value of your boat, why risk it? Some boat owners might consider it pocket-friendly to purchase or repair damages on their boat. Hence, they end up not opting for boat insurance. Others consider the value of their boat so high that they choose suitable boat insurance. Therefore, the decision to have boat insurance, from a company like Tim Huber Insurance, is instrumental in instilling peace of mind. 

Optional Types of Boat Insurance.

Total Loss Replacement Boat Insurance Coverage.

It is an option that most boat owners in St. Augustine, FL opt for. This option is only available if the boat is not more than a one-year-old model. In case of total damage to the totaled boat, the company buys the owner another boat or gives the owner the sum they initially paid for it. This is usually optional. 

Medical Payments Boat Insurance.

Medical payments boat insurance option ensures the medical payments for the boat owner, passengers, and any other person hurt in an accident. This is a perfect option because no one predicts the occurrence of an accident or its intensity.

Trailer Trip-Interruption Boat Insurance.

Here, a boat is covered if it experiences some interruption in the middle of the journey on water that is at least 100 miles from home. The insurance company comes through by covering food, hotel, and other transportation expenses. 

Boat insurance is a great deal for all boat owners in St. Augustine, FL. Carnages are not predictable. They may sometimes be fatal and make it difficult for the owner to pay cash from the pocket to cover the damages and medical bills. Please get in touch with our agents at Tim Huber Insurance to get detailed information about boat insurance. 

If you buy a condo, you may be surprised to learn that you need to buy condo insurance rather than homeowners insurance. They are very different types of policies. The key difference between the policies surrounds what each protects.

If you live in St. Augustine, FL and own a condo, Tim Huber Insurance has some information that may help you choose the right policy for your needs. Here’s what you need to know as you shop for a new policy.

Condo Insurance Covers the Interior

While homeowners need coverage for the interior and exterior of the property, people who own condos need coverage for only the interior of the unit and their own personal items. You also won’t need dwelling coverage for the building.

Your standard condo insurance may cover your personal belongings up to a specific financial limit. You may add on additional personal property coverage.

Condo Insurance Offers Different Add-Ons

You will find plenty of add-ons for condo insurance policies that differ from homeowners insurance coverage. For instance, condo owners may add loss assessment coverage. This helps cover the gap between your standard condo policy and the insurance of the condo association.

Condo Insurance Has Different Liability Coverage

When you own a condo, you don’t need liability coverage for the exterior of your home, like the yard. You only need liability coverage for the interior of your unit.

Condo Insurance Offers Different Policies

Choosing the right insurance policy for your condo can be complicated, which is why so many owners speak with insurance agents. If you live in St. Augustine, FL and want to purchase the right policy, get in touch with Tim Huber Insurance for more information about the difference between condo and homeowners insurance.

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.