Emergencies While on Vacation

There are many things we plan for.  Planning for medical emergencies while on vacation isn’t one of those things we prepare for.  Hopefully, you will never find yourself in a situation where an emergency comes up, but it’s always good to be prepared.  THINK Insurance & Financial Services wants to help you prepare for your next vacation abroad so you can fully enjoy your time away.

Before You Go

Before you go to the airport and leave Pomona, CA you have to plan.  Here are some things you should consider doing before you go.  

  1. Register with the U.S. State Department:  Registering with the US State Department can be done online and will ensure that you get help should an emergency arise while traveling.  
  2. Find contact information for the U.S Embassy:  Before you leave, find the contact information for the U.S. Embassy in the country you will be traveling to.  If you have a medical emergency while you are on vacation the Consular at the U.S Embassy should be able to provide aid.
  3.   Fill out emergency contact information on passport:  That emergency contact page in your passport is one that’s often overlooked, but if you’re planning to leave the country you might want to revisit that page.  Filling out may prove helpful if you have a medical emergency and will be something that police look for when providing assistance.

 While You’re There

If the unthinkable happens to call for help as soon as possible.   If you have access to your personal phone you can call, and if you don’t you can shout for help.  Once someone comes to have them take you to the nearest medical facility as soon as possible.  

Being prepared before you leave Pomona, CA will help and THINK Insurance & Financial Services is available should you have further questions.  

 

 

 

 

 

Why You Need Renter’s Insurance

One of the biggest mistakes you can make as a renter is not taking out renter’s insurance. While you may not own the property you do own the items within the property. If anything is stolen or damaged there is a good chance your landlord will not cover this kind of damage. That is exactly why you need renter’s insurance. So whether you live in or around Pomona, CA the team at THINK Insurance & Financial Services can help. 

Increased Risk of Property Damage

When you live in a home the greatest risk of property damage comes from the people living inside. However, when living in a rental you don’t need to just worry about those living in your unit. You need to worry about everyone. If one person on the other side of the building falls asleep while cooking or plugs too many items into a power outlet it may start a fire that engulfs all of your valuables. When renting a property you’re at greater risk, which is why you need renter’s insurance. 

Protect Your Personal Investments

Do you have an entertainment system? Perhaps you have an expensive gaming laptop or you have an elaborate wardrobe. If these items are stolen or damaged you will likely be out of luck and forced to re-purchase everything. That is unless you have renter’s insurance. Renter’s insurance is a valuable investment to consider as it will safeguard what you currently own within the property you are renting. 

No matter the size of your rental space, whether you’re renting an apartment for yourself or for your family, it is important to invest in renter’s insurance. So if you’re living in or around the Pomona, CA area now is the time to contact THINK Insurance & Financial Services. 

Who Should be Your Life Insurance Beneficiary?

Obtaining a life insurance policy from THINK Insurance & Financial Services in Pomona, CA is the first step toward establishing a financial foundation for the future. The next step is naming a beneficiary. Your beneficiary will receive the proceeds of your policy upon your demise. Here are a few aspects to consider when selecting a life insurance beneficiary.

Spouse and Family

If you’re married and have children, your primary responsibility is to your immediate family. Naming your spouse and kids as beneficiaries provides them with financial support to carry on after you’re gone. Proceeds from your policy can be used to pay the bills, liquidate debts, cover childcare and medical expenses and more, giving your spouse time to plan for the future.

Even without children, your spouse will need financial assistance after you’re gone, especially if you were the main breadwinner of the family.

Parents

If your parents helped co-sign your private student loans or loaned you money for a down payment on your home, you may want to name them as co-beneficiaries with your spouse to help repay their generosity.  This alleviates your parents of the financial burden of these outstanding debts.

Minor Children

As a single parent, you may want to name your minor child or children as beneficiaries of your life insurance policy. If so, be sure to designate a trusted custodian to help manage these funds until your kids come of legal age to make decisions on their own. You can also place these funds in a trust for your children to be distributed at a designated time.

Siblings/Close Friends/Charity

Other considerations for beneficiaries include siblings, close friends, business partner or your favorite charity for which you’d like to provide financial support.

For more information on choosing a beneficiary or life insurance options and costs, contact THINK Insurance & Financial Services in Pomona, CA.

Can Commercial Insurance Be Customized?

When it comes to making smart business decisions, one of the most important is the type of commercial insurance you buy. Not all commercial insurance policies are the same. When choosing your insurance provider, along with the terms and conditions outlined in the contract, you should also inquire about the ability to customize the policy to cover your specific needs.

Why Customize?

Depending on what type of industry your business is in, you may need to beef up your policy in certain areas or add riders to cover additional property or offer a greater amount of protection. Some industries have specific hazards that are unique, which is why selecting an insurance company that has flexible policies is crucial for some types of business. Customizing ensures that there are no gaps in the coverage that can leave you financially crippled. 

Selecting A Provider

Finding the right company to protect your business from potential risks and losses is the key to having peace of mind. One of the things you should look for is excellent customer service. Most companies offering a high level of service will also provide excellent insurance products. Check with a reputable company such as THINK Insurance & Financial Services serving the residents and businesses in and around Pomona, CA. They can give you additional details about customization and services available to potential customers. 

If you are located in or around the Pomona, CA area and would like to purchase quality insurance products from a commercial insurance provider that values quality and satisfaction, contact THINK Insurance & Financial Services today and speak with a knowledgeable representative. Get the coverage you need to protect you tomorrow. 

Taking a Road Trip? Here’s How to Stay Safe

There’s no question that hitting the open road can be an exciting time. However, long periods of time on the road can also lead to fatigue. If you want to make sure you remain alert and that you (and everyone else) on the road isn’t in danger, make sure to use the tips here.

Before you embark on your road trip, make sure you have all the essentials in place including car insurance from THINK Insurance & Financial Services and any other paperwork you may need.

Take Frequent Breaks

Regardless of if you are driving to Pomona, CA, or somewhere else, you should take frequent breaks. Take time to get out of the car, stretch your legs and move around. Just moving around can help you reenergize and get you ready for another bout behind the wheel.

Eat Food for Energy

You have heard the saying, “food is fuel,” well, it’s true. If you want to keep going, and going, and going and be able to remain alert, then you have to eat. Make sure you aren’t eating overly-sugary foods, such as soda and donuts, as this is only going to cause you to crash soon after eating.

Take Turns at the Wheel

If you are traveling alone, you may not have this option; however, if you are traveling with other people then you can take turns driving. This is a great way to make sure that no one gets too tired.

If you are planning a road trip in Pomona, CA, make sure to use the tips here to keep you and everyone else safe. You can speak with the staff at the THINK Insurance & Financial Services to learn about more tips that will help you stay safe.

When Renter’s Insurance Isn’t Right For You

Renting a home or an apartment in Pomona, CA can be a wise decision if you can’t afford to buy. However, you should probably consider getting renter’s insurance, except for a few specific circumstances. The following situations are the few moments when we at THINK Insurance & Financial Services think that renter’s insurance isn’t right for you.

Times When You Shouldn’t Get Renter’s Insurance

Most of the time, renter’s insurance is a wise investment. However, some people may be in situations that doesn’t require it. Here are a few situations in which renter’s insurance may not be necessary.

  • Your Living Situation Is Temporary – While renter’s insurance isn’t costly, people who are living in a rented area for a short period probably shouldn’t get renter’s insurance.
  • Your Funds Are Limited – People who don’t have a lot of money to spare on extra insurance coverage should probably avoid getting a policy.
  • Your Landlord Is Shady – Running into a landlord who you can’t trust is always a frustrating and annoying situation. If yours is shady, renter’s insurance might not be wise because they may try to complicate the procedure.
  • Your Landlord Already Has A Policy – If your landlord has taken out a renter’s insurance policy for all of their apartments, you may be covered. Remember, though, that their general building insurance won’t cover your belongings. Talk to them about their policies to learn more.

When Renter’s Insurance Is A Great Idea

Except for those rare situations, renter’s insurance is always a great idea. It provides you with high-quality coverage of your belongings and keeps you from losing everything is a fire, flood, or other disaster affects your apartment or home.

Get The Coverage You Need

At THINK Insurance & Financial Services, we help people in Pomona, CA and the surrounding area get the coverage that they need. If you are renting a home or an apartment and want to avoid total loss, renter’s insurance is a necessary step in the right direction for you.

What Coverage Does Condo Insurance Provide?

Buying a condo can be a great long-term investment.  When you do purchase a condo, there are several factors that need to be taken into consideration to ensure your investment is properly protected.  One important decision to make is when you are choosing a new condo insurance policy.  Condo insurance is very important as it will provide you with a variety of different types of protection and coverage.

Liability

One of the most important types of protection that a condo insurance policy will provide you with is liability insurance protection.  Whenever you have a guest over to your home, you are taking on liability in the event that person is injured while on your property.  When you purchase a condo insurance policy, you will receive support for these claims.  Also, when you have a liability insurance policy in place, you will receive coverage if your property has a leak and causes damage to another unit in your building.

Personal Property

The condo insurance policy will also provide you with coverage for your personal property. When you have condo insurance in place, you will receive coverage in the event your property is damaged or destroyed by a fire, natural disaster, or other calamities.  It will also provide you with coverage for your personal belongings in the event they are destroyed, stolen, vandalized, or otherwise harmed and you incur a loss.

When you are looking for your next condo insurance policy, a great place to start is with THINK Insurance & Financial Services. THINK Insurance & Financial Services is well experienced in helping Pomona, CA condo owners find a great insurance policy that meets their needs.  The company will be able to provide consultation services to ensure you understand what types of coverage should be included in your policy.

If I lose my insurance at work can I buy health insurance even if it’s not during the open enrollment period?

Because of the many changes that are rapidly happening in the healthcare industry, many people are aware that they can now purchase health insurance in the marketplace. In the past, it was more difficult to find insurance not related to employment.  If you live in Pomona, CA you may already have an insurance policy through THINK Insurance & Financial Services.

Just like with the insurance an employer provides, health insurance provided through the marketplace also has an open enrollment period. That means that there are normally only certain times when policyholders can add coverage or add dependents. For instance, open enrollment for the 2018 marketplace ended on December 15, 2017.

Fortunately, there is what is called a special enrollment period which can happen at any time for individuals who are going through certain kinds of life in certain circumstances. There are several life events which can qualify an individual for special enrollment: getting married, at which time one spouse may want to drop coverage and another may want to add the new spouse and/or children; giving birth, adopting a child, or placing a child in foster care; getting divorced or legally separated and losing coverage as a result; if someone who is part of a policy dies during the year, you may be eligible for special enrollment if it affects your coverage.

Failure to carry health insurance can cause you to be liable for penalties, but more importantly, it means that you may not be able to get the healthcare you need for yourself or a loved one. If you are in Pomona, CA, call THINK Insurance & Financial Services to learn about all your health insurance choices.

Active Lifestyles Benefit From Having Recreational Insurance

Recreational insurance is for those with physically active lifestyles who enjoy the outdoors. This type of insurance offers protection for using all-terrain vehicles (ATVs), and “extreme” sports, such as rock-climbing, bungee-jumping, sky-diving, scuba-diving, skiing, snowboarding, surfing, wind-surfing, and more.

This special insurance covers accidents while participating in those sports, which are normally excluded activities in other insurance policies. It is important to check with your agent at THINK Insurance & Financial Services, serving Pomona, CA and the surrounding areas, to be sure you have adequate coverage if you participate in certain recreational activities.

Your agent can help you understand the details of what extra coverage you need and explain the exclusions that exist in your current insurance policies regarding certain physical activities that are considered more dangerous than normal routine lifestyles.

Even senior citizens need to consider this because as the aging of more and more American baby-boomers shows; many older adults are remaining very active in their later years. They might try sky-diving for the first time when they are in their seventies! There is no reason not to live life to the fullest and enjoy all the fun things that can be tried at any age. It is just important to make sure insurance coverage is adequate for any unexpected catastrophes that might occur.

When participating in extreme sports, typically the company offering the experience asks customers to sign a waiver agreement that removes their liability if something goes wrong. For example, you may not have any coverage at all from that company and have waived your rights to sue a company offering bungee- jumping, if the cord breaks. This is the kind of thing that may be covered by recreational insurance. This type of insurance is usually available on a permanent basis or for trips of a shorter duration when participating in these activities, such as when visiting an eco-adventure park. It can be general coverage or related just to some specific activities.

Contact your agent at THINK Insurance & Financial Services serving Pomona, CA to discuss all the details about recreational insurance before participating in any risky activities.

Is it Mandatory To Purchase Renters Insurance in Pomona, CA?

Just like with home insurance, there is no legal obligation for a tenant to have renter’s insurance in Pomona, CA. On the other hand, a lease may include the requirement for the tenant to have liability coverage as a part of the private contract. It still may be a good idea if the tenant has a lot of precious personal items inside of the property. If you would like to protect your personal belongings with renters insurance, consider consulting with THINK Insurance & Financial Services for a great deal.

Renter’s insurance is always a good idea to cover your personal belongings in the event of a disaster. Things covered may be your furniture, electronics, cabinets and other fixtures. What is even more important is having it to cover your liability if someone is injured on your rental property. Keep in mind, renter’s insurance is typically cheaper than home insurance and there may be bundled discounts if you have auto or insurance.

There are some limitation of renter’s insurance. For example, jewelry or collectibles may have a capped coverage limit that is not very high. Some clients are not approved for renter’s insurance if they are pet owners, and those that are approved are usually owners of low-risk breeds.

The minority of renters, although still a significant amount, choose to have renter’s insurance. Considering it is usually at a low cost, it is likely worth it if you have expensive furniture, electronics, and other personal items within the home. If you are looking for an affordable insurance plan in the Pomona, CA area, consider contacting THINK Insurance & Financial Services for a quote.