Home insurance is an integral part of owning a home. It helps protect you and your family in a disaster, such as a fire or a burglary. It also helps protect your property from damage or loss caused by natural disasters or accidents. Today, we at THINK Insurance & Financial Services of Pomona, CA want to show you an essential area of home coverage some people may not be aware of: personal liability.
You may be familiar with the term "liability" when it comes to auto insurance. It’s the protection your auto insurance policy provides if you are involved in an accident, someone is injured, or property is damaged. Personal liability is similar when it comes to home insurance.
Personal liability home insurance covers legal costs and damages if you are found responsible for causing harm or damage to someone else. It is a standard part of most homeowners insurance policies. It covers not only if you are sued for injuring or damaging someone else but also incidents like dog bites. Furthermore, this coverage extends to damage caused to someone else’s property by someone in your household.
With this type of coverage, everyone in your home is protected. That includes pets and children.
Do You Need Personal Liability Home Insurance?
Some homeowners choose to forgo home insurance all together. This is not a good idea. Going without proper protection could leave you with a financial burden if you are liable in a lawsuit.
A final note: Most mortgage lenders require that you carry home insurance. Even if you take the minimum hazard insurance required by your lender, the policy will likely have personal liability coverage. However, making sure with your insurance agent is a good idea.
If you need home insurance in Pomona, CA, contact the experts at THINK Insurance & Financial Services.
Owning a business is hard. Not only does it mean long hours and no vacation, it means there are multiple risks you are facing that can cause your business to fail. Three-quarters of all companies will not survive to see their 15th anniversary. In Pomona, CA, THINK Insurance & Financial Services wants to give your business the best chance of surviving. Commercial insurance protects your business from some of the most severe risks that most companies face.
Commercial liability insurance
About one in three businesses get sued every year. That is a pretty scary statistic. Your risk is great; if you are involved in legal action, it can be costly and tank your business. You could be sued by a client, customer, employee, or vendor. Commercial liability insurance can help you survive when the worst possible thing happens. Your business needs to have this vital coverage.
Commercial property insurance
Many perils affect businesses. It can be weather-related, fire, or theft. With commercial property insurance, it is not just about the physical structure. It will cover the building if you own the location, but it is still beneficial for renters. It covers the things that you use every day to operate your business. It can be computers and electronic equipment. It covers your tools, display units, machines, inventory, and raw materials. You can’t operate without these things.
Business interruption insurance
You won’t be making any money when your business is closed because of a covered peril. It is hard to pay your regular bills and payroll when your income is cut off. This insurance provides the funds to tide you over until you are back in business.
Contact THINK Insurance & Financial Services in Pomona, CA for a consultation on your business and the risks you face. We offer no-obligation quotes.