Two Types of Life Insurance

There are two main types of life insurance: whole life and term life. Each of these comes with its own listed of benefits and drawbacks. If you’re having a hard time choosing which type of life insurance you’d like to take out, call us at Palm Valley Insurance Inc. in Ponte Vedra Beach, FL for more information.

Whole Life Insurance

As the name suggests, this kind of life insurance is in place for your whole life. As long as you maintain the policy by paying its premiums as agreed to, this policy can’t be canceled by the insurance carrier. Instead, it keeps protecting you for the rest of your life until it is time to pay the death benefit. Many people prefer this type of insurance because it stays in effect throughout your life, and it keeps the same rate for coverage throughout that time period. It also builds a cash value that the insured can borrow against if there is a serious financial situation. Many people like having this policy locked in early and knowing that there will be an amount available to borrow.

Term Life Insurance

As its name suggests, term life insurance is only good for the period of time of the contract. After this term has passed, the insured will have to take out another life insurance policy. While it sounds like a lot of trouble, many people prefer this kind of life insurance because it has lower premiums in general than a whole life policy. And if the insured has enough money in case of a financial emergency, he won’t need to build up the cash value of a whole life policy. 

Choose Your Policy

When you want to get a life insurance policy into place, give us a call at Palm Valley Insurance Inc. in Ponte Vedra Beach, FL to find out more about these policy types. 

3 Tips for Buying Your First Auto Insurance Policy in Ponte Vedra Beach, FL

Congratulations! You’re a first time driver who can now experience the freedom of being behind the wheel. Now, it’s just time to get auto insurance so you can register your car in Vedra Beach, FL, and hit the road. At Palm Valley Insurance Inc. we’ve taken the hassle out of buying your first auto insurance policy with these three tips. Read on to learn more.

1. Compare Several Quotes

Do you like to shop around for the best quality and price in Ponte Vedra Beach, FL? If so, do the same with your new auto insurance policy by comparing at least three quotes. Go over them in detail so you understand exactly what’s covered and for how much. If you have a loan on your car, you will need full coverage. If not, you will need the minimum required by the state of Florida. However, we recommend getting fully covered in case you’re in an accident with a driver who is underinsured or uninsured. 

3. Bundle Your Policies

When you have one or more insurance policies you can bundle them under one insurance carrier for premium discounts. This is one of the easiest ways to save.

4. Work with a Reputable Agent

Working will a reputable insurance agent sets you up for success. This person will help you with the auto insurance buying process by determining which quotes to look at, helping you compare them, and then bundling your policies under one carrier. He or she is also available for questions at any time.

To learn more about purchasing your first auto insurance policy in Ponte Vedra Beach, FL, contact the reputable team at Palm Valley Insurance Inc, serving this area.

Protecting your home when you will be away

When you are away from home for a few days, your home becomes a target for all sorts of mischief. It can just be a case of vandalism or it could be a break-in. Neither one is something you want to come home to. Having a home alarm system goes a long way toward giving you peace of mind but there are some simple things you can to do make things safer. At Palm Valley Insurance Inc. in Ponte Vedra Beach, FL, we are independent agents who offer clients the benefit of our insurance experience.

Stop your mail delivery

If you are going to be away for more than just a day or two, contact the post office either online or in-person and fill out the Hold Mail form. Nothing says no one is home like a bulging mailbox. 

Stop the newspaper

Not as many people these days get newspaper delivery every day but if you still get your morning paper, put a stop on delivery. Seeing a pile of papers on the front porch sends the wrong message. 

Put lights on timers

Having your lights on timers is a great idea. You should have several lights that go on and off at different times. This makes your home look lived in even when you are away. 

Talk to a neighbor

The best safety measure is still your neighbors and if you have a nosey neighbor, they are ideal. Let them know you are going out of town and ask them to keep an eye on your house. 

Don’t announce your plans

If you are active on social media, don’t announce your plans to be out of town online. Don’t post pictures of you in another town or country and don’t give the dates you will be away. Save it until you return and then post away. 

Ar Palm Valley Insurance Inc. in Ponte Vedra Beach, FL we are here to help you to have the right home insurance. Stop into our office or give us a call for a free quote. 

Why Renters Insurance is a Must

When you are already paying monthly rent, purchasing additional insurance may seem like an unnecessary expense; however, renters insurance offers incalculable peace of mind and protection for your personal belongings should something happen. Keep in mind that some landowners will even require that you possess renters insurance prior to allowing you access to the apartment, home, or condo. While it can be tempting to assume that your landowner’s homeowner’s insurance policy will protect your belongings, the simple reality is that it only covers their items. 

A renter’s insurance policy covers personal property such as clothes, jewelry, electronics, furniture, and computers. Without looking at or writing down the entirety of your personal items it can be easy to assume your belongings are not worth much; however, they add up far quicker than you think. While policies vary from company to company, the vast majority protect against a myriad of potential perils and concerns such as damage caused by vehicles, explosions, theft, vandalism, fire, smoke, riots, and much more. In addition to covering your personal belongings, renters insurance also includes liability protection. For instance, if your dog sitter is injured while inside your home the policy will pay any legal expenses, medical bills, and court judgments until your policy limit has been exhausted. 

At Palm Valley Insurance Inc. in Ponte Vedra Beach, FL our friendly and talented team of insurance professionals are ready to answer any questions you have. By taking the time to learn about our customers we are able to offer customized insurance policies that meet all your needs. Give us a call today to schedule an appointment with one of our knowledgeable representatives. 

Three steps to purchasing the right motorcycle insurance policy in Florida

At Palm Valley Insurance Inc. we provide motorcycle insurance to riders located in Ponte Vedra Beach, FL. We’re here to answer any questions that you have and assist you in finding a motorcycle insurance policy that meets your needs.

The following are three steps to purchasing the right motorcycle insurance policy in Florida.

Decide what types of coverage you want

You have a lot of options when it comes to a motorcycle insurance policy. You will be required to purchase liability insurance coverage in Florida. However, you have the option of purchasing other types of coverage including collision and comprehensive coverage.

You also have some decisions to make about how much coverage you want. You are only legally required to meet minimum coverage requirements for your liability coverage. However, you can always invest in more coverage if it makes you more comfortable and gives you greater peace of mind out on the road. 

Research your options

There are many insurance providers in your community offering motorcycle insurance coverage. You need to find which insurance providers you’re interested in purchasing coverage from. Then, you can get quotes on a few providers.

Evaluate quotes and select a policy

Once you have quotes on a few policies, compare them. Consider how much individual policies cost and what types of features they come along with. After you’ve evaluated quotes, you can select which policy you want to purchase.

Avoid simply choosing the least expensive policy. The policy that costs the least might not be the best. It’s always best to have too much coverage than too little coverage. Look for a policy that will offer you value and security. 

Are you ready to purchase motorcycle insurance? Let us know! Get in touch with us at Palm Valley Insurance Inc. to find coverage for your bike in Ponte Vedra Beach, FL. 

How can umbrella insurance protect me?

Having proper personal liability insurance coverage is extremely important. If there is ever an accident that you cause, you will be responsible for any damages or expenses related to bodily injury. Additionally, there are a variety of different forms of liability risk that some people take on. To ensure that you are fully covered for liability insurance, it is important that you get an umbrella insurance policy. This insurance can protect someone in the Ponte Vedra Beach, FL area in several ways.

Offers Coverage on Top of Base Policies

One way that an umbrella policy can protect you is by giving you coverage on top of your base policies. When you get this coverage and you are involved in an accident that exceeds coverage in your auto or home policies, your umbrella coverage will begin to provide protection. This can provide great coverage if you are ever at fault in an accident that leads to significant damages.

Provides Coverage for More Situations

Most people’s liability risks will be covered by vehicle and property policies. However, there are situations when they may have risks that fall outside of these policies. Depending on the profession you are in or hobbies you have, the additional risks need to be covered by a separate policy. In these situations, getting an umbrella policy can be the best option. 

As you are shopping for umbrella insurance in the Ponte Vedra Beach, FL area, you should reach out to the team at Palm Valley Insurance Inc. When you are speaking with the team at Palm Valley Insurance Inc. you can learn a lot more about how umbrella coverage can protect you. This will help to ensure that you are able to get the insurance coverage that you need to have proper personal liability coverage. 

When is the best time to buy life insurance

How do you know when is the best time to buy life insurance?  Most people don’t know a lot about life insurance and deciding when to buy it and how much to buy is something that isn’t taught in school or by our parents. According to the experts, the best time to buy life insurance is when you are young. Certainly, the prices are lower when you are young but it may also be the time when you can least afford it. Having an insurance agent you trust can make the decision-making process easier for you. At Palm Valley Insurance Ponte Vedra Beach, FL our staff has years of experience helping clients find the right insurance for their needs. 

Life insurance is part of an overall financial plan that lasts a lifetime. You should start as early as possible to make sure you have a plan in place. But there are other times when you will want to reaccess the amount of coverage that you have. 

Getting married

When you get married it is time to think about the amount of life insurance that you have. You may get some insurance from your employer but you should make sure not only is it adequate but it is possible to continue the coverage if you leave your employer. While you are checking it, you should change the beneficiary as well. 

Having a child

When you have a child, it is a good time to consider buying additional life insurance. If something happens to you, your spouse will have to care for the child/children for many years. Having enough money to care for them is important. 

These are just a few of the times in your life when you will want to consider buying life insurance. Talking to knowledgeable insurance agents can help you to make sure you and your family are protected. Give the office of Palm Valley Insurance Inc. in Ponte Vedra Beach, FL to set up an appointment to discuss all your insurance needs. 

Do Teen Drivers Need Their Own Auto Insurance Policy?

Having a teen driver on the road can be a big deal for most guardians, which is why it is important to make sure the appropriate insurance is in place to protect them and other drivers on the road. In addition, getting the right amount of coverage and coverage options are also important. While some guardians prefer to have a teen driver on their insurance, it may not be permissible or practical. In many instances, the teen driver will need their own separate policy.

Teen Driver Policies

Teen drivers who finance or have a vehicle in their name will usually need to have their own insurance policy. This is because they are responsible for any vehicle they own. Additionally, those drivers who add a teen driver to their policy will notice some significant changes and possible restrictions. The best way to ensure the proper policy is purchased or altered is to work with an experienced auto insurance agent. They can walk customers through the whole process and make recommendations along the way. 

A Helpful Resources

Licensed insurance agents are a vital source of information related to auto insurance and can explain all of the terms and conditions of each policy. They will also be able to explain any changes or possible changes that occur along the way. Not only will they help customers understand all of the options, but they can also help make sensible recommendations to fit each individual’s situation. Residents of Ponte Vedra Beach, FL can turn to the professionals at Palm Valley Insurance Inc. to get the assistance they need to make an informed choice. 

Anyone with a teen driver in the Ponte Vedra Beach, FL area who is looking for more information on teen driver auto insurance can call or stop by Palm Valley Insurance Inc. to speak with an agent. 

Are You Familiar with Your Home Insurance Policy?

Like many homeowners, you may have bought home insurance when you first purchased your Ponte Vedra Beach, FL home and then automatically renewed it annually without taking time to review your policy. As time goes by, however, your coverage may change due to changes in your home or lifestyle. Without updating your policy, you could be missing out on valuable protection. At Palm Valley Insurance Inc., we recommend you review your home insurance annually to stay current on your coverage. Here are some reasons why you should be familiar with your policy.

Maintain Optimal Protection 

The purpose of home insurance is to protect your dwelling and belongings. Failure to update your policy could leave you short of protection in various aspects of your coverage. Major renovations or upgrades to your home’s systems, for example, can increase your home value, making your current dwelling insurance insufficient to rebuild your Ponte Vedra Beach FL home if it’s destroyed in a disaster. You’ll also need to add home renovations to your policy to include them in your coverage.

If you’ve accrued high-end goods since purchasing your policy, they may not be fully protected under the current limits of your policy. In the event of theft or damage, you could wind up paying for most of the repair or replacement costs out of pocket. By reviewing your policy annually, you can keep up with changes that affect your coverage and take steps to update your protection against unforeseen disasters.

Facilitate Making a Claim

Being familiar with your insurance coverage will make it easier to make a claim. You’ll know what kind of protection you have and be able to complete your paperwork quickly and accurately.

To learn more about your home insurance coverage, contact your Palm Valley Insurance Inc. agent today.

How To Explore Renters Insurance In Ponte Vedra Beach, FL

There are beautiful apartments and houses throughout Ponte Vedra Beach, FL. When you make the decision to rent instead of own, you want to make sure you’re doing what you can to protect your belongings. With the help of Palm Valley Insurance Inc., we can ensure you have a renters insurance policy that you can count on.

Why Renters Insurance?

Many people assume that there’s no need to have renter’s insurance because you’re covered by the home insurance of the owner. However, the owner likely has “owner-occupied” coverage which means that they aren’t going to cover what happens when you’re living there. Additionally, apartments may require you to show proof of insurance.

Anything can happen inside of rental – and renter’s insurance covers your personal belongings since the owner’s property insurance will not.

How much coverage?

As you look to cover yourself in Florida, the question becomes how much coverage you actually need. Some landlords may require you to have a policy of $50,000 or more. You will want to consider what you need based on the value of your items. If you have a lot of high-end electronics, jewelry, or artwork, you may need significantly more. Otherwise, you may find that an insurance claim will only provide partial payment of what it will take to replace anything in the event that a disaster strikes.

Work with an Independent Insurance Agent

The process of finding renters insurance can be complicated due to the many factors, such as:

  • Deciding on the level of coverage
  • Choosing a reputable insurance company
  • Comparing quotes

You don’t have to go through the process alone. Independent insurance agents can answer questions, get quotes from top companies, and help you compare quotes to get the most affordable premiums.

When you want to protect your personal property in a rental in Ponte Vedra Beach, FL, call us at Palm Valley Insurance Inc. today.