How much life insurance should I carry

Life insurance is one of those things that is not one size fits all. Many things go into the decision about how much life insurance you should carry. If you live in or near Pomona, CA, THINK Insurance & Financial Services should be your first stop to talk about your life insurance coverage. We have agents with years of experience who know exactly the right questions to ask. 

Where are you in life

One of the first things you need to consider when it comes to life insurance is your age and your dependents. Who do you support? Who counts on your earnings? If you are young or single and no one counts on your income, you will need less life insurance than someone who has a family. Your family can take several forms, it can be a spouse, children or elderly parents. It could be a special needs sibling. You want to be able to guarantee that if you are not there to provide for the people who count on you, they will be taken care of. 

What you owe

Having considered who depends on you, you also need to consider any debt that you may have. Do you have a mortgage or credit card debt? Have you made arrangements for final expenses? The total for these needs to be added to the amount to keep your dependents covered. Now you have the basic amount of life insurance you need. While this is not a hard and fast rule. it is a place to start. 

Once you have decided that you need to add to your life insurance coverage or purchase your first insurance policy, the next step is to give THINK Insurance & Financial Services in Pomona, CA a call or stop by our office to discuss your options. 

What is Commercial Insurance and Why Do You Need It?

Commercial insurance is a type of insurance which protects businesses, the owners and even the employees. Just like with other types of insurance, different types of businesses will need different things from their insurance. Here are a few ways in which commercial insurance generally covers businesses.

In most cases, a business owner can opt for a Business Owner’s Policy. This type of insurance will often combine insurance protection for your commercial property, some type of liability insurance and even insurance which will protect you in the event that a crime takes place at your business. A representative at THINK Insurance & Financial Services can help you customize a package that is exactly right for your company’s needs.

 Why Is Commercial Insurance Important?

Commercial Insurance is important because you have invested quite a bit of time and money into starting and maintaining your business. Allowing the company to be at risk through damages, injuries and even criminal activity also put your financial security at risk as well.

There are many things which we cannot plan for, which is why commercial insurance is a good idea. You can rest assured that your investment is protected against the unknowns.

What is The Right Coverage?

The right coverage for your company may look different from the right coverage for another company. Your coverage amounts will be determined by details such as the size of your company and property, the number of employees you have, the types of services or products you provide as well as many other factors.  Other things to consider are whether or not you rent your property or own it as well as whether or not your business operates vehicles as part of daily work.

Navigating insurance choices can feel tough. That is why THINK Insurance & Financial Services serving Pomona, CA is here to help. Give us a call today to talk about your insurance options.

Is Homeowners’ Insurance Required By Law in California?

Unlike driving a motor vehicle, when you own a home in Pomona, CA you aren’t legally required to purchase homeowners insurance. However, if you purchased your home through a mortgage, your lending bank will probably require you to carry homeowners insurance. This is because they need to protect their investment in the event that your home is damaged by a storm, tornado, fire, or another incident. Additionally, if your home is located in an area with a history of flooding or earthquakes, your lender will also require additional coverage. This is generally true whether you own a single-family residence, co-op, or condominium. 

What if My Mortgage Is Paid Off? 

Once you’ve paid off your mortgage, nobody can force you to purchase homeowners insurance. However, it’s not wise to cancel your ThINK Insurance & Financial Services homeowners policy and possibly risk losing your investment, your belongings, or having a place to live in the event that your home suffers massive damage due to unforeseen disasters.  

Here are some examples of why it’s smart to keep your home covered even if your mortgage is paid off: 

What if your home and belongings are ravaged by a wildfire? What if your neighbor’s tree falls down and knocks your roof in? What if someone crashed their vehicle into your living room? What if someone was walking on your sidewalk, slipped and fell, and ended up with severe injuries? Without homeowners insurance coverage you will be left to deal with the fallout of loss to your home and possessions or facing an expensive lawsuit for a personal injury claim. Having homeowners insurance will give you the peace of mind knowing that you’re protecting your home, your investment, and your assets in the event of damage or injury claim. 

If you have questions when shopping for homeowners insurance for your Pomona, CA home, we’ve got answers. Give THINK Insurance & Financial Services a call today for more information. 

How Do Tickets for Using a Cell Phone Impact Your Auto Insurance?

In the state of California, you can receive a ticket for talking, texting or using your cell phone while you are driving. While most drivers in the state are aware of this law, many people are unaware of how your auto insurance may be impacted if you use a cell phone while you are driving. At THINK Insurance & Financial Services, serving the greater Pomona, CA area, we want to help you better understand how using a cell phone can impact your auto insurance in California. Here is more information. 

Using a Cell Phone is Not a Moving Violation

In some states, using your cell phone while driving is a moving violation. This means that the violation will most likely impact your auto insurance rates. In the state of California, using your cell phone while driving is not considered a moving violation. 

Each Insurance Company Has Different Policies

While using your cell phone while driving is not a moving violation, insurance companies can see the violation. The way they decide to handle it is up to them. Some companies will only increase your rates for moving violations, while other companies can view you as more of a risk or liability due to the infraction. If you have received this type of ticket, there is no way to predict how it will impact your auto insurance in California. 

The way a cell phone ticket is handled varies from company to company in the state of California. The best way to keep yourself safe and prevent your insurance rates from increasing is to not use your cell phone while you are driving. Are you looking to purchase a new auto insurance policy in the greater Pomona, CA area? THINK Insurance & Financial Services can help you find the policy that is best for you. Visit our website now to obtain an estimate. 

Health Insurance That Keeps Your Family Safe

Living in Pomona, CA can be a beautiful thing if you have high-quality health insurance protecting you and your family. Please read through the information prepared below to learn more about how we at THINK Insurance & Financial Services can help get you the coverage that you need.

Health Insurance Keeps You Safe

Even if you don’t have a job that provides your family with coverage, you need to find health insurance ASAP. Many policies are designed specifically for families to ensure maximum protection for everyone.

These policies typically utilize specific coverage options that manage health problems that are particular to families. These include elements like maternity leave and daycare options for when you’re at work.

Factors to Consider

Before you buy any health insurance policy for your family, you need to consider the following elements, such as:

  • Cost – Make sure you don’t pay too much for your plan.
  • Coverage Limits – Try to find policies that coverage elements like daycare and child health.
  • Payment Types – Do you want an area-specific plan or one that provides more coverage?
  • Stackability – Can you add other policies to your insurance plan, such as car coverage?
  • Primary Liability – Protect your family from lawsuits with liability help.

These simple considerations will provide you and your family with guidance towards finding an excellent policy. Remember: paying more for a plan doesn’t always mean that you’re getting the best coverage.

Get Some Help Today

So if you live in Pomona, CA and you want health insurance that will protect your family, please contact us at THINK Insurance & Financial Services right away to learn more. We will take the time to help you learn more about these elements and will do what is necessary to help you succeed.

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. 

When Is 2019 Open Enrollment for Health Insurance?

THINK Insurance & Financial Services serves the communities in and around Pomona, CA with quality insurance services. If you are interested in purchasing health insurance at any time of the year call our agent to discuss your options. 

When is Open Enrollment for Health Insurance This Year? 

Open enrollment for health insurance in 2019 is from November 1, 2018 – December 15, 2018. If you did not purchase your insurance during this time-frame don’t fret you may be able to purchase insurance under a special enrollment period if you qualify. These plans will be active starting on January 1, 2019. 
Next year’s date for 2020 insurance will also fall in a similar time period, but they are not officially printed yet. With 2020 plans activated on January 1 of that year. 

If you were covered by your employer’s health insurance, then lost it for whatever reason, don’t worry. We can offer you coverage at any time of the year including short term plans. Discuss your health insurance options with our experienced agent to get the best plan in the time-frame you need. You can still avoid tax penalties for not having insurance this year if you have a valid reason for not purchasing during the open period or for losing the policy you did have. Do not leave yourself unprotected in case of a medical emergency come in to discuss your needs as soon as possible, or call today. 

THINK Insurance & Financial Services is your Pomona, CA resource for insurance services we can provide all of your insurance needs including health, renters, car, commercial insurance, and more. 

 

What Affects Car Insurance Prices the Most?

Living in Pomona, CA, most people need a car. There are a lot of things that will help you determine what car you want and ultimately purchase, but too many people overlook insurance when they make these decisions. You can think of your premium as an extension of your car payment. Fortunately, THINK Insurance & Financial Services has this list of things that impact insurance rates. When you understand how prices are set, you have more control over how much you have to pay.

Financial Risk

Insurance, in general, is built on the concept of risk assessment. There are a lot of things that make a particular car policy higher or lower risk. Where you live, even down to the exact block in Pomona, CA, impacts risk (rate of accidents and theft are calculated). Your age, gender, and job all play a role in assessing your risk of causing an accident. Topping all of this is your credit score. It can be frustrating, but it plays a big role in determining your rates.

Not all of this is easily controlled. If you’re in an accident-prone neighborhood, you might have to look at other ways to keep your rates down. That’s where the second assessment comes into play.

The Car

The car itself has more say in the cost of your policy than anything else. Insuring a Lamborghini is more expensive than insuring a used Civic, even if you only purchase minimum liability. The vehicle’s safety rating, seating capacity, age and theft protection all add into these calculations. When you’re thinking about insurance, the most control you have over the rates is in your vehicle selection.

There are other things that will change your prices in Pomona, CA, but they hold less impact than financial risk and vehicle choice. Still, if you have any questions, you can always reach out to THINK Insurance & Financial Services.

Renter Insurance for College Students and Other Renters

Going off to college and getting your first apartment is an exciting time. Family and friends may help out with the move and the expenses, yet one important thing may easily be overlooked. That is the protection of personal property with renters insurance. This is “must-have” insurance for those that are moving into a place that they rent or into the college dorms. It is easy to get this insurance with the help of your agent at THINK Insurance & Financial Services, serving Pomona, CA and the surrounding area.

Risks of Shared Spaces

Just think about it for a moment. Most students have expensive laptops, smartphones, televisions, or other valuable electronics. All of that personal property is at risk if not covered by insurance. With all the goings-on in the dorms and shared-apartments, there is ample opportunity for a bad person to steal something when a student is not home.

It is a good idea to have a lock on the door for a student’s room in a shared space; however, that will not stop a roommate who shares the room from entering and inviting someone else.

Burglary Loss Protection

Getting renters insurance provides peace of mind that there is some protection against a major loss that could cause a financial hardship for a student or any renter for that matter. It is a horrible feeling to come home to an apartment that has been cleaned out by a burglar. After a burglary, when you ask the neighbors if they saw anything, they may say that they heard stuff but that they simply thought you were moving out.

Burglars are becoming more brazen and may rob a place during the day even when seen by other people while doing it. It is very easy for a burglar to know when a student is not going to be home by observing their class attendance at school.

What To Do for Your Protection

If you are a student or renting an apartment for the first time, don’t wait for your parents to tell you about rental insurance. Instead, talk with your insurance agent at THINK Insurance & Financial Services in Pomona, CA by giving them a call at 855-484-4654 or using the convenient online form.

Get your rental insurance set up and then tell your parents what you did. It is likely that they will be impressed with the wise decision, which you made as an independent young adult, to get renters insurance.