Choosing Your Life Insurance Beneficiary

Choosing a life insurance policy can be complicated enough, and choosing a beneficiary can be even harder. At Tim Huber Insurance, serving St. Augustine, FL, we’re here to help you understand your life insurance policy, and how it can help those you care about after you’re gone. Check out these tips for choosing your beneficiary:

– Think about the purpose of your insurance policy. If your goal is to provide for your family, your spouse or an adult child may be the best option. If your goal is to give to charity, a trusted member of the charity’s board of trustees may be a good choice. 

– Update your beneficiary regularly. As your life and circumstances change, you may also change who you’d like your estate to go to in the event of your passing. For example, if you’re married and name your spouse your beneficiary, but they pass away, you need to name a new beneficiary. 

– Understand your options when it comes to choosing a beneficiary. You are able to name more than one person. 

– Name a secondary beneficiary. In the event that your primary beneficiary passes away or refuses to accept the money, it will be up to a court to decide where your money goes. Having a secondary beneficiary takes care of this problem. 

Call Tim Huber Insurance, Serving St. Augustine, FL

If you’re ready to start protecting your assets and your loved ones with a life insurance policy, we’re here to help. Call Tim Huber Insurance, serving St. Augustine, FL, or stop into one of our offices to chat with an agent about how we can help with your life insurance needs. 

If you are reaching retirement age, annuities may be a good tool to guarantee an income for the rest of your life. Annuities are contracts made between you and an insurance company rather than through an investment company. 

Simplified Retirement Income

Annuities can be a simple way to turn over a sum of money to get a steady income every month, depending on your contract, in exchange. They are especially helpful for people who are retired and no longer work. There are different annuities such as variable, fixed and more. It is good to understand the basics of annuities with a financial planner assisting you. Once you have a contract set up it is easy to collect income every month for the rest of your life. Many retirees enjoy the simplicity of it and it can be beneficial well into your retirement years.

Annuities Help Those Who Need Them

If you are wealthy and have a good deal of money saved, you may not need annuities. Also, if your Social Security and other assets are substantial enough, annuities may not be something to look into. If you are in good health however, annuities can be a way to have an income into old age and also to help spouses and heirs. It is advisable to consult with financial advisors. Understanding charges, fees, and conditions can get confusing and it is a best practice to have trained professionals that can guide you through it.

If you are shopping around for a carrier and need help understanding if annuities are right for you, contact Tim Huber Insurance of St. Augustine, FL to speak with one of our representatives. We can help you make the most of your retirement financial planning and help walk you through all the complex details of annuities. Give us a call to set up an appointment today.

Smart leaders are often able to organize a company nicely for profits and excellent customer service. Companies with products or services are pleased to have insurance protection and good staff to contact for commercial insurance needs.  A good relationship with an insurance company goes nicely with successful profits and product sales.  

Good Leadership

The owners of businesses are usually good at organizing for success.  This includes a smart hiring process to get the best talent that works with the planned expense amounts.  Business success is a smart reason to consider insurance options.  There are many other reasons owners should consider the benefits of commercial insurance.  A smart focus on commercial auto and commercial umbrella insurance is easier with experienced staff.  Successfully serving businesses in St. Augustine, FL, Tim Huber Insurance is able to answer all of your questions and make the process simpler. 

Business Success

Planning for success is smart and good leaders often figure out how to build a strong network with a long contact list.  Experienced professionals offering commercial insurance can be nice additions to a contact list. Also, the staff involved with commercial insurance can help you with rental payment insurance or business expansions.  New property acquisitions are possible topics of conversation with any new employee hiring and commercial auto needs.  Successful business growth should be celebrated and the people at Tim Huber Insurance are there to applaud your efforts. 

Serving St. Augustine, FL, the insurance company knows business success and can help simplify everything.  The experienced staff at Tim Huber Insurance is available to discuss the options for commercial insurance.  Contact this insurance agency for more information.  You can visit their website at http://www.timhuberins.com/blog.  Let an experienced company help you build your business and celebrate your success.

At Tim Huber Insurance of St. Augustine, FL, we want you to understand the many ways insurance can benefit you. This blog explains how to use life insurance as an investment tool to save for retirement.

You can use insurance to fulfill the old adage, “Kill two birds with one stone.” That’s because if you buy the right policy, it functions as both insurance and investment tool. By choosing permanent insurance, you cover your impending burial costs, plus provide for your family. It also works to your advantage in four key ways as an investment tool.

• It provides tax-deferred growth. You pay no tax on the interest of the cash value component. You won’t pay taxes on capital gains, dividends or interest related to the life insurance policy until withdrawal.
• You can keep the insurance policy into old age – up to age 120. So long as you pay your premiums, you have coverage. Unlike term, you will still be covered past your 70th year. With improvements in health care, people live longer. This ensures you still have life insurance coverage, so your spouse or adult children do not get stuck with a surprise expense.
• Your insurance policy works a little like a savings account. If you want to take out a loan for a large purchase, you can borrow against the policy’s cash value. It functions as collateral and makes it easier for you to pay for college for your children or buy a house. Another plus is you can do it without paying penalties or taxes.
• You can access accelerated benefits if you fall critically or terminally ill. Depending on the policy, you can receive between 25 and 100 percent of the death benefit if you fall ill with a condition specified in your policy, such as end-stage renal failure, heart attack, invasive cancer or stroke. This lets you pay medical bills and improve your end-stage quality of life. While your beneficiaries won’t get the full death benefit, they also won’t be stuck with your medical bills. Even if you have health insurance, you’ll have to pay the deductibles.

Call or visit Tim Huber Insurance of St. Augustine, FL to learn more about how you can use life insurance as an investment tool. Why not obtain a policy that helps you in multiple ways? We can help. Call us.

An insurance policy for a trailer home and an insurance policy for a stationary home are pretty similar in that they basically cover for damages, theft, and other run-of-the-mill things that can occur to a structure. However, there are some subtle differences with a home insurance policy for a home that has the ability to move and for a home that should never move.

Because a trailer home is usually located with other trailer homes, sometimes there is security provided for that particular community as opposed to a stand-alone home that is stationary. It is like the advantage of living in a gated community. As a result, your agent may specifically discuss the merits of how much theft insurance you should carry on the trailer home. There are also many differences in the foundations of the trailer home as opposed to the stationary home which can affect home insurance guidelines. Trailer homes have different types of foundations some of them are made to be temporarily stationary. Before speaking with your agent have a clear understanding of this aspect.

We are a community of homeowners here in St. Augustine, FL and at Tim Huber Insurance we understand the value of what you are trying to protect with your home insurance policy. Whether you own a trailer home or a stationary home, you want your property which you work very hard to be fully protected. Call us today to discuss how we can help you realize your home insurance goals. Additionally, if you are in the market for auto insurance, home insurance, flood insurance, life insurance, commercial insurance, recreational insurance or classic car insurance please call us at  9048–824-2555. Please stop by our offices today, Tim Huber Insurance is located at 28 Clark St., St. Augustine, FL 32084.

Running a restaurant in St. Augustine, FL can be a rewarding experience but can be a challenge if you don’t buy high-quality commercial insurance. The following mistakes are ones we at Tim Huber Insurance have seen far too many unfortunate business owners make.

Weak Liability Coverage

Though general liability coverage is a good choice for restaurants, you’re going to want more than that to protect your business. For example, umbrella insurance policies help protect you from claims such as damage from food poisoning or burns caused by spills. Comprehensive liability also helps to protect you from specialized restaurant claims, such as slipping on a wet floor.

No Loss of Income Coverage

What happens to your business if a fire or a health-related shutdown close your doors for weeks or months at a time? You won’t be getting any money and neither will your employees. If you bought loss of income coverage, this situation wouldn’t be devastating. This coverage will pay for your lost income when your restaurant is closed. It may also help your employees if you set up this type of extra coverage with your insurance company.

Poor Background Checks for Drivers

If your restaurant does deliveries, you need to make sure that you double- and triple-check the records of each employee who drives your company vehicle. Your commercial auto insurance policies will hinge on the abilities of your drivers. So even if you don’t cause an accident but an employee does, you will end up having higher premium rates and struggling to make your payments.

Avoid These Issues With Our Help

So if you run a busy St. Augustine, FL restaurant and want to make sure you don’t fall a victim to these mistakes, please contact us at Tim Huber Insurance right away. Our agents will work with you to identify the best commercial insurance coverage for your restaurant’s needs.

Flooding can be common around St. Augustine, FL, especially around hurricane season. However, that is not the only time that you need to worry about it. You should have a flood insurance policy in place all year long from Tim Huber Insurance because flooding can happen in a variety of ways, not just with hurricanes. Unfortunately, most home insurance policies do not actually cover any flood damages so you need to get this in addition to that policy. However, the question is for how much?

When it comes to getting flood insurance, what you want to look at are the coverage amounts. To get the right coverage amount, you should consider not only the rebuild cost of your home but also the cost of your personal belongings in the home. Both of these things can be impacted by a flood and in the case of a total loss, you want to make sure you have enough in place to replace as much as possible. You may also want to consider getting enough coverage for housing in the interim if that is not covered by your home insurance policy. By taking these estimated amounts into consideration, it will give you the estimated amount of flood insurance coverage you need. 

Now that you have an idea of what you should be looking for in terms of a flood insurance policy, it is time to get one. You do not want to get caught without one during a flood because the financial impact can be devastating. Be sure to reach out to us here at Tim Huber Insurance, serving St. Augustine, FL, to get your flood insurance policy in place as soon as possible. We will also work with you to make sure we find a policy that fits in your budget. 

Owning a boat can bring both a lot of joy and also a lot of responsibility in your life. If you are concerned about the amount of insurance coverage that your current policy provides, or you are thinking about buying a boat and want to learn more about the boat policies that are available, contact Tim Huber Insurance, serving the greater St. Augustine, FL area, to learn more about your options. 

The ABCs of Boat Ownership and Liability

As a boat owner, you are responsible for any damage that your boat causes, whether through an accident or another mishap and for any injuries sustained by your passengers. Many owners do not consider that their liability can extend to medical costs as well as damages brought by a party who is injured while on your boat. In fact, if someone is injured climbing onto or out of your vessel you may be held responsible even if the boat is docked. In order to protect yourself from such damages, it is important to carry adequate liability coverage. Our team of professional agents can meet with you and review your current policy and confirm if the protection is adequate for your needs. Many boat owners focus on coverage for the boat itself without considering what can happen to them if there is an injury-causing accident involving their craft.

Don’t let the joy and exhilaration of boat ownership cloud your judgment when it comes to securing adequate boat insurance coverage. The team at Tim Huber Insurance is proud to serve the St. Augustine, FL area, especially those who own boats and enjoy being out on the water! Contact us today or stop by our office to learn more about your options when it comes to boat insurance.