Things you may not know about condo insurance in Pomona, CA

It is important for condo owners to obtain the right coverage in the Pomona, CA area through an agency like THINK Insurance & Financial Services. However, condo insurance is unique and has some differences from other types of property coverage like homeowners insurance or renter’s insurance. 

As a general rule condo insurance will cover personal property within the dwelling and the structure itself from things like vandalism, theft, or severe weather. However, condo insurance may also cover certain pieces of property that are technically owned by an association rather than the individual owner. There are also times when a condo association can expect an owner to bear the burden of certain costs or increases in fees that can be covered by condo insurance. This is very helpful as a way of helping the condo owner maintain their finances and avoid sudden and unexpected expenses from an association. It is important to check with your association to see if they have some kind of blanket policy that will common things like common areas, elevators, stairwells, shared entrances, etc. that are not clearly the responsibility of one owner. This may be explained in your association’s bylaws. 

Like homeowners insurance, condo insurance can also protect the owner from lawsuits tied to events that happen on or near the property, as well as relocation expenses if the unit needs to be temporarily evacuated during a disaster. 

To speak to a local agent that serves that Pomona, CA area, contact THINK Insurance & Financial Services. They can discuss specific policies and help you get the right type of coverage based on your condo. 

What Pomona, CA Renters Need To Know About Protecting Their Personal Property

California is a beautiful state to call home, especially the area around Pomona, CA. Living in California comes with a potential risk of natural disasters that can damage a home in its entirety. For California residents that are renting homes, this can be very devastating, as the homeowner insurance policy held by the owner will not protect the contents that belong to the renting family. THINK Insurance & Financial Services are prepared to protect your personal property today.

Natural Disaster Damage

  • Wildfire damage
  • Hail Damage
  • Wind Damage

Several types of natural disasters such are covered with a renters insurance policy. With part of California being home to a Desert and susceptible to droughts, wildfires are common throughout the state. In the event that you experience wildfire damage or hail and wind damage,  to the home you are renting, you can expect to have destroyed personal property. Whether it is from the smoke or the property actually burned, you will need to replace your belongings. The landlord will be able to repair the structural damage and any appliances that are a part of your lease. 

Relocation Coverage 

While your leased home is being renovated due to the damages it sustained to natural disaster, your renter’s insurance can cover your relocation expenses if you need to rent out a room for several days. Since you have been displaced at no fault of your own, the costs associated with your relocation can be covered with your insurance policy.

Protect Your Personal Property Today

If you are a resident living in or around the Pomona, CA area, it is time to speak with an agent at THINK Insurance & Financial Services. Come by the office or give us a call for more information.