Life Insurance Inheritance Laws in the State of Florida

Many types of financial products can be part of a family inheritance, and wills and trusts are often the subject matter of movies when it comes to the transfer of wealth from parents to children. However, life insurance can offer a great deal of cash benefit to family and loved ones, and it may not have anything to do with a will or trust. If your family member or loved one has passed away, you could receive certain cash benefits if he or she has a life insurance policy, and the reward could be more than what may be offered in a family trust.

Finding Out if Someone Owned Life Insurance

If you think that you may have inherited a certain amount of money from a life insurance policy, then you need to find out if the decedent has a policy of which you’re a beneficiary. You may have to do some digging to find out. People can accumulate life insurance policies while they’re working or in military service, and not all of them are claimed. There are certain resources that you can use to find out if this person ever had a life insurance policy. These can include, but may not be limited to:

•    An employer’s HR department
•    Bills for insurance premiums
•    Bank records that may contain automatic withdrawals

If the person in question was a veteran, then you can look at the website for the Department of Veteran’s Affairs to see if there’s a military policy on record. There are also private companies that can send letters to a number of life insurance companies.

If you’re concerned about your family’s financial future after you pass away, then you may want to consider a life insurance policy. Marks Insurance in Tallahassee, FL has a team of agents that can find a policy that will meet your needs and fit your budget. We have served the area for many years, and we know we can help you secure your family’s future.

Filing a Life Insurance Claim in the State of Florida

Once you’ve found out what you need to know about any life insurance policies under the decedent’s name, then you’re ready to file a claim. You’ll have to contact the company directly, and you’ll need to give them a certified copy of the death certificate. You will also need the policy number. In some cases, you will need the policy itself. If there are any other beneficiaries listed in the policy, they will need to file a claim form provided by the company.
A life insurance company can be a great way to make sure your family has the financial stability in the event of your untimely death. Marks Insurance in Tallahassee, FL has agents who can help you find the right policy. Regardless of your specific needs, we can help you with whatever type of policy you’re looking for. 

Be sure to contact our office, and one of our agents will sit down with you to discuss your needs.

Insuring Multiple Drivers on the Same Policy

Making sure your family is insured with an auto policy can be a difficult process. Without the right information, you might not get the right amount of coverage, the right policy, or even the right company. Marks Insurance in the Tallahassee, FL area can help you find the right coverage for all the drivers in your home.

Insuring multiple drivers on the same policy does have some specific regulations. For starters, you have to be related to the person that is on the policy with you or you have to be married to them. This means that you could not just add your best friend to your policy. You have to either be parent and child or spouse.

Another stipulation is that you have to have some vested interest in the vehicle that is being insured. If you have three cars on a policy, for instance, you have to have your name on each vehicle title to be able to insure it. This is in place to make sure you do not add just any car in an effort to get a multi-policy discount.

You can insure not only more than one car, but you can also insure more than one driver. You can insure a second driver with a second car listed, or you can insure a second driver on the primary car by simply listing their name on the policy. If you live in the Tallahassee, FL area and have questions, you can ask the agents at Marks Insurance how to go about adding a second or even third driver on your existing policy. Adding drivers is a great way to reduce rates and to make sure that all the drivers in your home are insured and safe when they set out.

Reasons to have insurance in Tallahassee FL

In a place like Tallahassee, FL, there is no shortage of things that can go wrong, as Florida can be a very wild place, especially in the panhandle. And when you consider Tallahassee is a relatively good-sized city, and the chances of something unpredictable happening is much higher there than in a less populated rural area, insurance is even more important. Below are a few reasons for why you should have at least one or another type of insurance in Tallahassee, FL, preferably through a local broker like Marks Insurance who serves the greater Tallahassee area and knows their clients well.

THE CONSTANT THREAT OF HURRICANE

Every place in Florida, but especially places along the Gulf of Mexico, are vulnerable to hurricanes on a yearly basis. So if you own a home or business or any structure, you should have hurricane insurance of some kind, so that if a storm does hit the city directly, you have little to worry about after the fact. Without this type of critical insurance in place, you could become homeless or financially insolvent due to the unpredictability of mother nature.

TERRIBLE DRIVERS

There are terrible drivers everywhere, and this is the case as well in Tallahassee, FL. Accidents of all types are commonplace in a big city, so having auto insurance is critical to ensure you aren’t left holding the proverbial bag in the event of an accident or paying for someone else’s medical bills if they are injured, and the accident is deemed to be your fault. A good auto insurance policy will also protect you against a lawsuit that may arise after the accident, costing you, even more, money and messing up your financial situation. Talk to your broker about what is best for you when you set up the policy. 

Removing A Car From Your Auto Policy

Your car insurance policy is something that often needs to be updated. Adding new drivers, new cars, and even removing cars that have been sold or totaled are all necessary adjustments. The process is far simpler than you might imagine and with the help of a great agent you can quickly and easily remove any car from your policy. For those in the Tallahassee, FL area, the agents with Marks Insurance can help you quickly and easily remove cars from any policy.

The first step to removing a car from your policy is that you must be the main policy holder or you must be an authorized user that can make changes to the policy. This means that you cannot simply take cars off of any policy you want, but rather, you have to be authorized to make changes to the policy. This helps to prevent people from simply moving cars around on policies without being allowed to do so.

If you are an authorized user and you can change the policy you will be able to go onto the next step. You need to first have all the pertinent information about the car. This means things like the vin number and the make and model, again this is to make sure that the car is going to be removed fully and that the wrong car is not removed from the policy. Though you can remove cars online through most companies websites, it is always far simpler with the help of an agent.

After you know the information for the car you can then proceed to remove the car from the policy and alter the coverage accordingly. With the help of an agent from Marks Insurance, those that live in the Tallahassee, FL area can easily alter any policy.  

Tallahassee, FL Residents: Protect Your Home from the Elements with Home Insurance

There are a lot of ways for residents of Tallahassee, FL to keep their family safe. This can range from owning a firearm to buying a security system to doing something as simple as making sure everyone properly fastens their seatbelt in the car. And yet, for all these efforts that a person can do to keep their family safe, one of the biggest and best ways to protect their families is to get comprehensive home insurance.

Home insurance covers a lot of different aspects of protection for your home, which ranges from covering you in the event of a weather disaster, an accident that occurs in your home (whether it is your fault or someone else’s), or a home invasion – though mind you, some insurance policies may have certain conditions and caveats relating to the amount of value lost during a home invasion, so it is very important that you be careful about the plan you choose. For as much as you might think that you are saving by cutting corners in this area, you are not saving anything at all if you do end up needing it. There is very little worse than having something serious upend your life, and to add insult to injury, requiring you to pay for all of the repairs or recovery costs.

The last thing you want to do is take a gamble on your home insurance, and every day that you go without insurance is an extra day that you can find yourself the latest victim of a severe storm. If you are in the Tallahassee, FL area and need of home insurance, contact Marks Insurance online today. We will walk you through things and figure out the best insurance plan for you.

3 Tips for Buying Homeowner’s Insurance in Tallahassee

Whether this is your first, second or third time buying a home in Tallahassee, FL, getting the right homeowner’s insurance should be at the top of your list.  Unless you plan on buying an insulated patch of land in the Florida swamps and erecting a tiny, off-grid yurt, chances are your property in Tallahassee, FL is worth a considerable amount of money.  To protect this asset, homeowner’s insurance is necessary and you certainly can’t get a home loan without it.  So when it comes time to purchase home insurance in Tallahassee, FL, we have a complied a few tips to help you get started.  

1. Understand What Home Insurance Is

Generally speaking, homeowner’s insurance protects your home, which is most likely your most valuable asset, in the event of damage to your home for various reasons.  The specifics about what your policy will cover is outlined in the policy you choose to purchase.  What is actually covered varies from policy to policy.

2. What about Flood Insurance?

If you live in a high flood area, you may want talk to an insurance agent about also purchasing flood insurance for your property in Tallahassee, FL.  

3.  How can I Get All My Questions Answered

The job of an insurance agent is to help you completely understand a homeowner’s insurance policy so that you can make the right decision when presented with different insurance options available for you home.  

At Marks Insurance, our knowledgeable agents go above and beyond to get all of your questions answered.  To learn more about acquiring homeowner’s insurance through Marks Insurance, contact us today. We will find the right policy for you at the right price.  

Keep Your Home Safe for the Holidays

While you may not find snow in Tallahassee, FL this time of year, there is still plenty of holiday spirit around.  Homes are adorned inside and out with lights and trees and decorations to mark the season.  Unfortunately, this time of year is also marked with many home fires.  Fires due to electrical issues are all too common during the holiday season.  In fact, there are 210 fires caused by Christmas trees alone every year.  Keep your home safe while decorating this holiday season.

Christmas Tree Safety

If you plan to purchase a live Christmas tree this holiday season, check to see how fresh it is.  A tree that is older will dry out quicker and is more susceptible to catching fire.  Make sure to keep the tree moist by watering it daily.  To help it absorb the water, cut two inches from the trunk before placing it in the stand.

Artificial trees should be labeled “Fire Resistant”.  Keep them at least three feet away from any heat sources. And if your tree has metallic leaves or branches, it is best to avoid stringing it with lights or electrical ornaments.

Holiday Lighting Safety

Purchase lighting from reputable stores and vendors and make sure it is has been approved by a nationally recognized testing lab such as Intertek, CSA or UL.  Inspect your cords and wires before hanging lights.  If any are damaged, do not use them.  Exposed wires can cause a serious shock or even start a fire.  For outdoor lighting, use extension cords that are marked for outdoor use.  Lights should only be plugged into circuits that are protected with ground fault circuit interrupters (GFCIs).

Keep your Tallahassee, FL home safe from electrical fires this holiday season by using caution when decorating. Contact Marks Insurance today.

Do You Need to Upgrade Your Homeowner’s Insurance for the New Year?

As a homeowner, it’s always a good idea to review your home insurance policy at the onset of a new year to ensure you have the coverage you need. Major renovations to your Tallahassee, FL, home or the purchase of costly items could require an upgrade in insurance coverage to protect your investments. In some instances, you may be missing out on valuable discounts due to changes on your property.  

Major Home Renovations

Major remodeling projects such as kitchen or bathroom renovation or the addition of a new bedroom or patio are not automatically covered by your current insurance policy. To protect these investments, they need to be added to your home coverage. This requires an upgrade in your Marks Insurance homeowner’s policy.

Home upgrades that improve the safety and security of your home such as a new alarm system could qualify you for a discount on your premium. It pays to discuss upgrades with your Marks Insurance representative in Tallahassee, FL, in advance to see how they may affect your home insurance costs.

Big-Ticket Purchases or Gifts  

If you’ve purchased or received expensive items as gifts, you should review your insurance to see if these are sufficiently covered by your current policy. Standard home insurance will protect you against theft or loss of valuables within limits. If your purchases or gifts exceed that limit, you may want to extend your protection.

Change of Lifestyle

Sometimes a change in lifestyle such as retirement or adopting a pet can affect home insurance coverage and costs. It’s important you discuss major lifestyle changes with your insurance agent to see if you need extra coverage or qualify for discounts due to changes in your way of life.

By reviewing insurance coverage annually, you can stay on top of your homeowner’s insurance needs.  

 

Differences In Florida Homeowner’s Coverage You Need To Know About

The state of Florida along with Federal Insurance regulations has defined differences in the cost of coverage, the value of a residence, additional coverage that includes wind mitigation, and the year that a home was built. The details that apply to the Tallahassee, FL area can be found at the Florida Office of Insurance Regulation. Insurance companies that offer homeowners coverage are bound by these rules and the legislation that backs up the rules.

The coverage amount that a homeowner needs and must have in order to purchase a home or be in compliance with state laws is dependent on whether the home was built as a new construction or built before 2001. The time frames are based on the fact that different building codes have become enforced due to the greater number of hurricanes that have hit Florida and the destruction that they caused.

The cost variation is different for homes that are valued at $150,000 and homes that are newly built and cost $300,000.

The amount of coverage that a homeowner needs includes the added coverage for wind mitigation. Wind mitigation is considered to be a preventative measure to damage caused by hurricanes and tornadoes and lowers the cost of homeowners insurance provided that a state certified inspector approves the measures taken to prevent wind damage.

The savings that you get are a tax credit that defrays some of the expense that the state would incur in assisting you to rebuild a damaged home and a reduction in your insurance rates. Doing a little work yourself or having some added work done to a home by contractors can save the home and save on insurance in the long run.

Homeowner coverage in the Tallahassee, FL can be confusing. The experienced professional insurance agents at Marks Insurance Agency can provide you with all the information that you need to make the choice that fits your needs. Contact Marks Insurance Agency before you make a decision about homeowners insurance.

 

 

Stay safe while enjoying summer fun

Summer is the time for vacation and fun with your automobile. The freedom a car gives is a great thing, but when things go wrong, it can be a major problem. While there is more driving there are more opportunities for things to go awry, but with some planning and precautions you can stay safe for the most part.

Before you go

Before starting on any trip, even for the day, make sure your car is in good shape. Doing regular maintenance like oil changes, checking tires, tire rotation, checking batteries and fluid levels, can go a long way in preventing a breakdown. Check your wiper blades. Make sure your spare tire is inflated and that you have a jack in the vehicle.

Safe driving

Avoid distractions like cell phones or texting. Make sure everyone is buckled up, no matter how short the trip. Always be on the lookout, behind, beside and in front of you and maintain safe speeds. Also don’t try to be tough and drive when you are too tired. Stay alert by stopping for breaks to stretch, eat and drink. Vacations are supposed to be for relaxation.

Summer heat

Make sure you do not leave kids, or pets, or elderly people alone in a hot car for even a few minutes. Even at 80 degrees the inside of a car can get hot enough to cause a heat stroke or even be fatal. Leaving a vehicle running while unattended is always unsafe, so don’t try to leave someone or an animal in a car with the air conditioner running.

Call Marks Insurance in Tallahassee, FL. for all your automobile insurance needs. Our agents can make sure you have the coverage you need, update existing policies or create a new one for you.