Proof of Insurance Requirements for California Drivers

Every California driver must have insurance on their vehicle, and they must have certain minimum amounts of liability coverage. They must prove that they have an active policy in place, and they must present it to a law enforcement officer if he or she asks for proof of financial responsibility. According to the State of California, financial responsibility can be done in the following ways:

• A liability policy on the vehicle that meets minimum requirements.

• A cash deposit of $35,000 to the DMV.

• A self-insurance certificate that’s issued by the DMV.

• A surety bond for $35,000 from a company that has a license to do business in the State of California.

If you want more information about this issue, be sure to speak to someone at Think Insurance & Financial Services LLC in Pomona CA.

What Can Be Presented as Proof of Financial Responsibility

If you have an auto insurance policy in the State of California, the insurance card that’s given to you by your carrier will meet this requirement. But it isn’t the only way to prove financial responsibility. Other accepted methods of meeting this requirement include:

• A letter that’s authorized by the DMV if you made a cash deposit or are self-insured.

• The California Proof of Insurance Certificate (SR-22) form.

• Evidence that the vehicle is owned or leased by a public entity as it’s defined by the State of California.

• A Notification of Alternative Forms of Responsibility (REG 5085) form on a vehicle that’s covered by a commercial policy and is being registered for the first time.

• A Statement of Facts (REG 256) form to certify that you have proof of insurance on file with the Public Utilities Commission or the DMV.

Be sure to contact the office of Think Insurance & Financial Services LLC in Pomona, CA to get more information about the auto insurance laws in the State of California.

Understanding the Master Policy in Pomona CA

As a condo owner, it is your responsibility to ensure that you are protected from the different types of unpredictable disasters that happen from time to time. You receive some level of assistant through an insurance coverage known as condominium complex’s master policy. The policy caters for damages suffered by the building and pays for liability claims for any accidents reported to occur in the building’s area. However, there are some variations in what the master policy caters for from one condo to the other in Pomona, CA.

To ensure that you are comprehensively insured, make sure that you understand what is included in the master policy and what it does not include. You will also need to review your master policy to check what it protects. If you are experiencing trouble making sense from it, Think Insurance can help you understand what you are responsible for, what you are not and how buying condo insurance policy helps you fill the gaps.

What is included under Master Policy?

While your regular home insurance is responsible for protecting home structures and items, the master policy protects:

Shared spaces and buildings

These are areas that are shared or used by many condo owners like the condo pools and parks. They could also include structures such as condo gym and event rooms. Shared spaces also comprise of green areas, parking lots and walkways.

Condo unit structures

There are two types of insurance association which include the:

All-in- This structure excludes the installations and other fixtures in the condo unit but ensures other applications that come with the unit.

Bare walls in – It deals with the actual structure of the condo unit which includes the roof, walls, piping, wiring, insulation and the exterior.

The master policy ensures that everything that the unit owner insurance coverage does not protect is protected. To understand more about the master policy and condo insurance requirements in Pomona, CA, visit Think Insurance or find us on our website and we will answer any questions you may have concerning the same.

3 Reasons Why You Should Have Life Insurance As Early As Possible

Many people believe that life insurance isn’t necessary until they have children and have reached their golden age. While this might sound convenient, the experts at THINK Insurance & Financial Services don’t agree. People in Pomona, CA are gradually beginning to realize that life insurance is important for everyone even those who are in their twenties. You don’t need to get to your fifties before you buy life insurance and here is why:

1. Reduced Premium

Buying life insurance when you’re young and healthy means you’ll pay lower premiums compared to when you buy at an older age. Sometimes, people in their forties get to pay twice as much for premiums than people in their twenties. Opting for a permanent life insurance policy when you’re younger may lock in your premium for the rest of your life.

2. You’ll Reduce The Burden On Your Loved Ones

If you still have a lot of debt to pay in your twenties and you decide to buy your life insurance, you’ll be protecting your relatives from paying off all your debts. You can opt for a level life insurance policy that covers some of these debts to protect your loved ones from paying your debts in the event of your death.

3. You May Not Qualify

If you wait too long to buy a life insurance policy, you may not be qualified to buy one later. Buying it when your young and healthy is ideal because if you wait till you eventually fall sick, you may not qualify to buy one. Don’t think of it as an added burden. Think of it as a form of security. When you buy it early, it will remain in place even if you fall ill later on. Your policy provider might recommend adding some riders to the already existing policy.

For more information about early life insurance in Pomona, CA, contact THINK Insurance & Financial Services.

How Commercial Insurance Protects Your Business Interests

Your Pomona, CA business is an important asset to you. Why wouldn’t you take the appropriate steps to put in place the necessary commercial insurance in order to stay in business and protect yourself from financial loss? This is where agents located in Pomona, CA working with THINK Insurance & Financial Services can be of service to you. They can show you how commercial insurance protects your business interests.

Commercial insurance includes coverages that protect your business property, liability insurance, protections for if your machinery breaks down, or your shipments are lost in transit. The size and type of business you have will certainly dictate the type of commercial insurance you need in order to keep your business safe and protected.

Any Pomona, CA business with employees needs to have in place workers’ compensation, a form of commercial insurance protection. Workers’ compensation provides your employees with financial resources should a job-related illness or injury cause them to miss days on the job. It is important to note that in the State of California, employers are required to have workers’ compensation insurance in place, even if you have only one employee.

Commercial auto insurance is another important type of commercial insurance that you need if a vehicle is used in your business. Accidents that may occur during the course of the workday involving you or one of your employees and a company vehicle will fall under this type of coverage.

If you need new commercial insurance coverage or want a review of your existing policies to see if they provide you with sufficient protection, you need to contact agents working with THINK Insurance & Financial Services. Let these licensed professionals assist you in determining what is appropriate for your business in commercial insurance and ensure that you have the right level of coverage.

Recent Changes to Covered California Plans in Pomona, CA

Weaving your way through the health insurance exchanges can be a daunting task in Pomona, CA. Affordable options that have all the benefits your family needs are out there, but it’s difficult to know where to find the information you need to make the best decisions. At THINK Insurance & Financial Services, you can get straight answers to your most pressing questions.

Coverage Changes

Knowing your rights is the first step to choosing optimal coverage from a plan you can afford. Health, dental and vision benefits are available to different degrees under the most recent changes to Covered California.

Most health insurance for individuals and small business owners is labeled Platinum, Gold, Silver or Bronze to distinguish the level of coverage. Also, there’s a minimum plan available to workers under 30 who are going through financial hardship. Under state law, all comprehensive packages have to include certain essential benefits. Prescription drugs, emergency services, mental health care and other services are divided into 10 categories of coverage for comparison.

Dental and Vision

For vision insurance, kids are covered under every plan on the exchange. While Covered California doesn’t include adult vision care in its health plans, participants are linked with insurance agencies that provide quotes for coverage. This keeps the process transparent in an effort to keep premiums reasonable. California kids are covered for healthy smiles under all plans available for purchase on the exchange. Dedicated pediatric dental care is provided. The exchange does offer dental coverage for adults that are available through family dental plans.

Call the experienced agents at THINK Insurance & Financial Services to learn more about your health insurance options in Pomona, CA. We can help you set up an appointment for a quote today.

What Does Renters Insurance Actually Provide?

If you are renting an apartment or home, it is important to get renters insurance to protect yourself, your belongings, and your finances. Remember that all renters insurance policies are different, so not all the policies will protect what we outline below. However, most renters insurance policies will protect:

Your Personal Property

The most important thing that renters insurance covers is your property. For example, if someone stole your electronics and some cash, this would likely be covered by your policy.

Liability

In a situation where you were found responsible for the injuries of someone else or for the damage to someone else’s property, you may be sued for these costs. In this situation, the right kind of renters insurance would cover these cases so that you didn’t have to pay for damages out-of-pocket.

Living Expenses in Special Cases

In some situations, your apartment or home may become uninhabitable. For example, let’s say there was a fire in your apartment building, and you could no longer live there for the time being. Renters insurance would cover the cost of a hotel for you to stay in while the apartment building was cleaned up or until you found a new home.

Remember that renters insurance does not cover structural damage to the home or apartment that you’re renting. Your landlord will need to have their own form of coverage to protect these things.

Learn More With THINK Insurance & Financial Services

Pomona, CA residents always choose to THINK Insurance & Financial Services when they want the best in renters insurance! If you are someone who’s renting in Pomona, CA, please consider giving us a call or stopping by our nearest location to find a renters insurance policy that meets your needs. One of our kind and courteous agents can lay out all your renter’s insurance options for you. Give us a call today!

Will Commercial Insurance Cover My Injured Employees?

Those who own businesses always have to worry about what might happen to their employees if they happen to be injured. In fact, it should be one of the biggest concerns for employers because it’s rare that an employee would ever be considered ‘at fault’ for something that happens to them.

Better hiring practices and safety procedures can go a long way to ensuring you don’t fall into this trap, but it may not be able to prevent everything. See how commercial insurance works in Pomona, CA when it comes to injured employees.

Injured Employees Are Covered

THINK Insurance & Financial Services can tell you that your commercial insurance will cover your injured employees if they sustain an accident or chronic illness/condition when on the job. Everything from back pain to a sprained ankle could be considered a workplace injury. It’s the only thing that’s required for business owners to have by the government, as there needs to be some insurance in place in the case of a catastrophic problem. However, that may not be the end of the story.

You May Not Have Enough Coverage

Just because you have some type of coverage though doesn’t mean that you have enough. However, that doesn’t mean that you’re off the hook when it comes to helping your employee with their troubles. THINK Insurance & Financial Services can give you more information when it comes to protecting your business from the worst that may occur. Employees may sue for not just the medical bills that they incurred from their injury, but also for ongoing physical therapy and for lost wages. The worst case scenarios can end up wiping out a business completely. To avoid getting caught in hot water, you need to have the right amount of protection on your side.

Secure your loved one’s stability long after your death

Are you the sole provider for your family? Do you have any financial plans for your loved ones even after your death? Well, death has no alert or preparation. You never know when you will die, but one thing you can be sure of is that your family’s financial needs will always be there. Do you want your family to live a miserable life after you are long gone? of course not.

If you are in Pomona, CA, THINK Insurance & Financial Services provides you with a life insurance policy that can ensure your family’s stability after your death. We understand the value of family, and that is why we offer you this plan so you can feel satisfied knowing that your children will continue achieving their dreams even after your end.

We offer you different coverage options depending on your needs. Let us look at some of our options.

Term Life Insurance

It is one of the most common life insurance policy. It helps to secure your family’s financial needs but for a temporary period. It can be used to cover funeral expenses, living expenses, school fees, and mortgages but after achieving the set goal and for a specific time, it is terminated.

Permanent Life Insurance

Unlike the term life insurance, permanent life insurance is for a lifetime. It provides financial stability for your family even after all your children have graduated. Sometimes, you may reason and say that what is important is your kid’s education and that is true. But what about your spouse? What if he or she lives for other twenty years after your death? Will they be able to maintain the same lifestyle you had provided before your death?

Well, both the policies are significant depending on your preference. It is just a matter of choice. So, remember, if you are in Pomona, CA, feel free to visit THINK Insurance & Financial Services for more information.

How to Avoid Auto Accidents on Icy Roads

Here at THINK Insurance & Financial Services, serving the greater Pomona, CA area, we see an uptick in auto accidents during the winter months caused by icy roads. Fortunately, icy roads are not as common in this area as they are in other parts of the country. But the roads still can get icy and slick. Here are a few tips on how you can avoid auto accidents on icy roads.

Slow Down

If you are driving on a slick or icy road, slow down! You do not have to go the posted speed limit, and in fact, you should be going at least 5 to 10 miles per hour under the speed limit. Driving too fast on an icy road can cause an accident quickly.

Go Easy on the Brakes

Another tip for avoiding an accident on an icy road is to go easy on the brakes. Pump your brakes, rather than slamming on them, if you need to come to a stop. When you slam on your brakes, you may cause your car to slide. If this happens, it can be hard to stop your car.

Turn Into a Slide

The last tip for avoiding an accident on an icy road is to turn into a slide, rather than opposite the slide. Many people turn their wheel the opposite direction that they are sliding. This causes you to overcorrect and leads to fishtailing. Instead, turn your wheel in the direction you are sliding until you regain control of your car.

Learning how to drive on icy roads can help you avoid an accident, which can help to keep your auto insurance rates low. If you are in the market for a new auto insurance policy or what to compare prices, THINK Insurance & Financial Services, serving the greater Pomona, CA area, would love to help. Call us today to get started with your free quote.

Does Condo Insurance Cover Theft?

Whether your condo in Pomona, CA is on the first floor or the top of a skyscraper, it’s always going to be at risk for theft. Criminals are always looking for the edge when it comes to how they pull off their crimes, and condos can give them a perfect cover. There’s so much happening that it can be easy for them to disguise what they’re doing as something far more legitimate. If you’re concerned about condo insurance, it’s time to find out more from THINK Insurance & Financial Services. We’ll tell you whether it covers theft or not, and how you can protect yourself from thieves of all kinds.

The Long Answer

This may seem like it should have a fast answer, but unfortunately, it’s more complicated than that. The answer is that it depends on whether or not you purchase a policy that will cover personal property. You may only purchase coverage for the actual physical structure. So if your windows are knocked out by a nasty storm, you don’t have to pay to get them replaced. But if the window glass damages your favorite figurine, then you’re on your own to replace that figurine unless you have additional coverage.

Additional Considerations

Condo owners are generally bound by some type of association’s rules, and it’s up to the group to decide exactly what an owner should have to cover their home. So you may be have been under obligation to get some type of personal property consideration on your policy. In addition, condo insurance can even extend to personal property in your car, so if there’s a theft from your car, you’re covered too.

If you live in Pomona, CA and have more questions about condo insurance and theft, call THINK Insurance & Financial Services for a quote!