Overlooked Renters Insurance Facts To Consider While Researching Coverage

THINK Insurance & Financial Services is an independent agency. We work closely with multiple carriers throughout California. We help Pomona, CA residents find the coverage they need to protect their assets. We offer flexible policies designed to evolve as our client’s needs change.

Overlooked Renters Insurance Facts

The Pomona, CA community is home to several areas of appealing apartment complexes. If you plan to move into one of these rental properties, you’ll need renters insurance. Renters insurance protects your personal items if they are damaged or stolen. Liability coverage is an important part of your policy. You are covered if you invite a guest over, and they suffer an injury. You are also protected if you accidentally cause damage to someone’s property. While you are in the process of finding coverage, pay attention to these often overlooked facts.

Your Coverage Is Separate From Your Landlord’s

Many people make the mistake of relying on their landlord’s coverage to protect them in any situation. You need your own renter’s insurance policy to cover you if your belongings are damaged.

Interior Coverage

Renters insurance also covers any interior damage to the unit. If the unit is severely damaged, you can add alternative living coverage. This gives you a safety net if you have to find another place to stay until your rental unit is fixed.

Extra Coverage

If you live in an area where an earthquake may happen, you’ll need to add extra coverage. Generally, renters insurance doesn’t cover damage caused by natural disasters. Consider adding flood coverage as well, so you will be covered if a severe storm passes through the area.

THINK Insurance & Financial Services Will Help You Protect Your Assets

Visit our website to learn more information about renters insurance.  

How Does Condo Insurance Benefit Me?

Let’s face it. Insurance is never a straightforward topic. With many insurance coverages, it’s easy to get lost in the insurance world. Speaking of insurance, condo insurance is one of the most widely misunderstood insurance coverages. As such, THINK Insurance & Financial Services is here to shed more light on condo insurance, including how it benefits you.

Why should I invest in condo insurance?

If you own a condo in Pomona, CA, you may want to understand whether condo insurance is worth your pennies. After all, you already have a condo owner’s association (COA) master policy. While it’s true you have a COA policy, this coverage only covers common areas like the lobby and swimming pool. However, for your dwelling’s interior, you need stand-alone condo insurance to reap the below advantages:

Liability protection

Suppose you invite a friend to your birthday party. Unfortunately, they slip while on your premises, injuring their back. While the accident was unintentional, you could be liable for their medical expenses. Worse yet, they could sue you for negligence.

Since liability claims can be costly, you need condo insurance to protect you from third parties’ property damage and personal injury claims.

Loss of use protection

Assume that a covered loss like a hurricane destroys your condo. What would you do as your home undergoes repairs? Instead of calling friends and relatives for temporal shelter, condo insurance puts you in a hotel and covers additional living expenses

Asset protection

Condo insurance protects your assets, including clothing, furniture, and electronics, from damage or loss. If you value your possessions, condo insurance should be your priority. Besides, condo insurance protects your dwelling’s interior, including the walls, roofs, carpets, and fixed appliances.

Buy condo insurance today!

Are you shopping for condo insurance in Pomona, CA? You can trust THINK Insurance & Financial Services for all your condo insurance needs. Please get in touch with us today to get the conversation started.

How Whole Life Insurance Works

When you are thinking about getting life insurance, there are many differences between the different types. Whole life is one kind of life insurance, and it works a bit differently from other types of policies. If you want to know more about whole life insurance, give us a call today at THINK Insurance & Financial Services in Pomona, CA to talk to an agent. 

Your Whole Life

Whole life insurance is called this because you can keep it for your whole life. While term life insurance is good for one specific set of time, whole life insurance never expires and stays in place for as long as you pay your premiums. If you are paying them, not even the insurance company can cancel the policy. Many people are given peace of mind in knowing that it will always be there. 

The Cash Value

Another way that whole life works differently is that it builds up a cash value. Over the years, as you keep paying your premiums, a portion of that will become available to you to borrow against. The cash value of the policy can take years to build up, but many people like knowing that it’s there just in case they ever have a serious financial emergency. 

The Death Benefit

When the insured person dies, this insurance type pays a death benefit to the designated beneficiaries. If the insured had borrowed against some of the cash value of the policy, that much will be deducted from the death benefit when it’s time to pay it out. 

Get Whole Life Insurance

If you like the idea of a policy that builds cash value, can be borrowed against and is there for your whole life, call us at THINK Insurance & Financial Services in Pomona, CA to talk about a whole life policy. 

Why should you get commercial insurance in California?

The Pomona, CA area has continued to be a great place to run a company. Those that choose to start a business in this state will find there are a lot of great advantages that come, including benefiting from a good economy and a lot of support for small businesses. If you want to start a company here, protecting it as well as you can is important A great way to do this is by getting a full commercial insurance plan as it can support your business in several ways. 

Protection for all Business Assets

A reason that you should have commercial insurance is that it can protect all the assets owned by your company. If you are going to start a company, there will be assets that you need to purchase to help fuel growth. With commercial insurance, you can protect these assets from several risks including theft or damage. 

Insurance is Often Required

You should also get a commercial insurance plan as it could be a requirement. There are a lot of situations when a business owner will need to get commercial insurance coverage. If you have purchased assets with a business loan, leased office space, or raised money from investors, there is a chance you will have specific commercial insurance requirements that need to be met. Maintaining this coverage will keep you in good standing with all of these requirements. 

There are plenty of reasons to get a commercial insurance plan in the Pomona, CA area. If you would like to get this coverage here, you should speak with THINK Insurance & Financial Services. There are a lot of choices that need to be made when picking commercial coverage and THINK Insurance & Financial Services can make it easier for you by providing help and support through the process. 

How Home Insurance Protects You

Owning a home is a great way to put down roots and to build wealth over time. However, it’s important that you always have it covered by a home insurance policy, or you could lose what you have. If you own a home and need a home policy, give us a call today at THINK Insurance & Financial Services in Pomona, CA.

Dwelling Insurance 

Home insurance covers your dwelling so that you can get certain damages paid for and repaired. When there is a serious incident that results in damage being done to your home, it can be so expensive to fix that you may not be able to get any work done to it. But with this insurance policy, all of that work can be done, and your house can get back to the way it was before. 

Belongings Coverage

If your home is damaged by a covered incident, it gets paid for. But, what if your belongings inside it are also damaged? There are many accidents and other situations that can damage your possessions. When this happens, your home insurance will pay to replace the items that were ruined or to fix items that are damaged. This coverage is important for being able to afford to get your items back again.

Lifestyle Protection

If your home were to be seriously damaged so that it is no longer inhabitable, your home insurance policy will pay for you to move elsewhere while the repairs are being done. This keeps you living your lifestyle instead of having to stay in an unlivable situation in your damaged home. 

Get Your Home Coverage

If you are a homeowner, it’s important to have a good home policy in place to protect yourself and your home. Give us a call at THINK Insurance & Financial Services in Pomona, CA.

Do I need auto insurance in Pomona?

People in the Pomona, CA area will find there are a lot of great activities to enjoy at any time. When you are looking to maximize your experience in this area, a great option is to get a car. If you are a vehicle owner here, you can find that it will be easier to get around the community. When you want to get a car, you also need to have auto insurance. This is needed for a few reasons.

Coverage Protects Vehicle Owner

A great reason to have auto insurance is to protect you and your vehicle. When you are going to invest in a car, it will be something that you want to enjoy for a long time. A proper auto insurance plan can help ensure this happens. With this coverage, you will have the support needed to repair or replace your vehicle if you incur a loss. 

Insurance is Required by Law

You also should get auto insurance as it is a legal requirement. When you buy a car and drive it on a public road, you are required to carry liability insurance. This form of coverage offers support if you are at fault in an accident. As it ultimately protects all other motorists as well, the state requires all vehicle owners to carry auto insurance. 

If you are a vehicle owner in the Pomona, CA area, you will want to know that you have the right insurance in place. A great way to ensure you have proper protection is by calling THINK Insurance & Financial Services. There are a lot of choices to make and THINK Insurance & Financial Services can help you evaluate your needs and options. With this support, you will be able to select a plan that is ideal for your situation. 

4 Benefits of Life Insurance

Life insurance is essential in safeguarding your loved ones in Pomona, CA financially if a tragedy strikes. Regrettably, many Pomona CA residents go without it with the notion that they can’t afford it. The instrument role of life insurance is to assist in providing your loved ones with financial protection upon your unexpected death in exchange for prompt payment of premiums you submit to your insurer during your lifetime. Many residents of California overestimate the cost of life insurance. Let our THINK Insurance & Financial Services situated in Pomona, CA agents assist you in tailoring prolific coverage that can go a long way in protecting your loved ones when your untimely death strikes. Acquiring salient life insurance can be beneficial in the following ways.

Provides peace of mind: Death is an unexpected occurrence that can strike any time. Having magnificent life insurance instills peace of mind. This instilling of peace of mind is so because if the policy bearer unexpectedly meets their death, they get reassurance that their family and loved ones will possess a financial safety net.

Pay for your burial expenses: An untimely death comes with challenges of catering to the funeral expenses, especially if you have inadequate savings. In most cases, this scenario manifests itself as a substantial financial burden. Beneficiaries can utilize income generated from a life insurance policy to cater to burial expenses with ease

Cover debts: Imagine what could happen if you didn’t provide another paycheck for your family upon your death? Beneficiaries could use the savings emanating from your policy to clear essential expenditures, including paying an outstanding mortgage or college tuition for their kids. It’s employed to settle debt, like credit card bills or prevailing car loans.

Cushion your dependents: Your loved ones stay shielded due to the guaranteed income they get regularly. This income(death benefits) helps settle all loans and other prevailing expenses like house rent, accrued telephone bills, and electricity costs.

There is no debate that life insurance is an absolute necessity. It minimizes risk and acts as a protection tool that must get procured without any thought. Call or visit our THINK Insurance & Financial Services in Pomona, CA to get detailed information about life insurance coverage.

Should You Have Motorcycle Insurance All Year Round?

Owning a motorcycle in an area that snows or get icy in winter means you will likely not be riding during that season. Insurance in winter is typically handled by motorcyclists through reducing coverage, increasing the deductible, or simply canceling your policy. But, these options can cause changes in your insurance that may not be beneficial. Some insurance companies offer special motorcycle storage policies that can cause certain parts of your coverage during winter. 

The expert insurance agents at THINK Insurance & Financial Services of Pomona, CA have helped countless individuals with their motorcycle insurance needs year-round. If you are planning to store your motorcycle in the winter, we can assist you with different coverage options.

Year-Round Coverage Details

Maintaining consistent insurance on your motorcycle throughout the year has benefits. Canceling your insurance may have adverse effects that add costs and interrupts coverage. Keeping your coverage could save money in the long run. Some factors to consider when canceling your insurance: 

  • Consistent protection – Even though you may not ride your motorcycle in winter, there are still reasons to keep coverage. Theft and damage can still occur while your vehicle is parked or stored.
  • Fees and penalties – If you cancel your insurance early, there may be fees and penalties you need to pay. Many companies require one-year terms and interrupting this agreement will add penalties.
  • Canceled by a company – Some insurance companies may refuse to insure you if they find a pattern of canceling every year. You will need to find another company for new insurance and this can add extra costs.

Quality Motorcycle Insurance in Pomona, CA

Contact THINK Insurance & Financial Services of Pomona, CA to get a hassle-free motorcycle insurance quote. Our team will be happy to answer any questions you have about your coverage options. We work hard to find the best insurance products for our customers at affordable prices. Give us a call today to find out more.

Pitfalls to Avoid When Getting Commercial Insurance

Whether you are getting commercial insurance for a start-up or upgrading your policy, mistakes can be difficult to spot, leaving your business with serious consequences. If you need commercial insurance within Pomona, CA, THINK Insurance & Financial Services can help with this. Below, we discuss common pitfalls to avoid keeping your business safe.

Failure to Read Your Policy Terms

Commercial insurance comes with various policy terms, with numerous requirements specific to the types of coverage chosen. If, for instance, your employees are involved in an accident, your commercial auto policy will likely cover damages and injuries sustained during business operations rather than the harm caused by misuse of business vehicles. Other policies also cover specific perils such as theft and vandalism instead of damage arising from earthquake-related events. Due to these conditions, ensure you understand your policy terms before signing up for your cover.

Buying Insufficient Coverage

Commercial insurance policies may seem like a considerable amount to sign up for, creating the temptation to drop a few policies during a purchase. This, however, results in insufficient coverage since numerous assets will lack the proper protection. Make it a point to get coverage for your building, customers, and employees for a successful business venture. In addition to this, getting liability policies will keep you safe from general claims like slander and libel that businesses also face.

Failure to Review Your Policy

Business needs are likely to change as time goes by, with new employees and equipment acquisitions calling for a policy review. Without this, your compensation would be inadequate to cover your assets when emergencies arise, forcing you to dig into your revenues to offset your ensuing expenses. Preventing this can be made possible by a policy review, helping you get updated coverage for your business.

To get quality coverage for your Pomona, CA business, call THINK Insurance & Financial Services today for commercial insurance suited to your everyday needs.

Why is home insurance required for some people in California?

Those that are in the Pomona, CA area and are looking for a new housing option should always consider owning their home and buying a property. As you are looking for a new property to buy here, you should also look into your insurance needs. Home insurance is always a good investment and is also a requirement in some situations. This coverage could be a requirement for a few reasons. 

Insurance is Required by Mortgage Lenders

A reason that many in this part of California will need to have home insurance is that it is often required by mortgage lenders. Taking out a mortgage is a common way to pay for a home. If you are going to finance your purchase with a mortgage, your lender will have insurance rules that need to be met. They may even require that you have your payments escrowed each month. 

Insurance Could be an Association Requirement

You may also need to get a home insurance plan if it is an association requirement. A lot of home associations in this part of California will have specific insurance requirements that residents need to have. They are likely to require you to provide evidence of coverage at least once per year. 

Having home insurance should be considered a top priority for anyone in the Pomona, CA area. If you would like to purchase a home in this area of the state and need insurance, the team with THINK Insurance & Financial Services can help you choose a plan. THINK Insurance & Financial Services will be able to give the support needed to build an insurance plan that will meet your needs. This will include helping you properly assess all of your options and create a policy that mitigates your risks.