Should I have more life insurance than I receive through my job?

Employees can often acquire life insurance through their employee benefits plan when beginning a new job and during open enrollment periods. That leads many to ask whether the life insurance received through work fully meets their needs. The answer depends on several factors, and the THINK Insurance & Financial Services team, serving the Pomona, CA area, will be happy to review them with you.

Life Insurance Through Work

Companies often subsidize employee life insurance coverage as part of their benefits plans, and the plans have advantages for employees:

  • Cost: Companies often provide some coverage for free with the opportunity to buy more.
  • Guaranteed: Employees are eligible for the policies regardless of medical history.
  • Convenient: Acquiring insurance takes little effort.

While these are good reasons to accept or supplement work-related life insurance, the plans often do not meet a family’s complete needs.

  • Limited Coverage: Policies often fall short of coverage recommendations for limited dollar amounts. 
  • Tied to Job: A job change often means a loss of coverage
  • Term: Most are term policies, leaving no value when the term ends.
  • Spouses: Spouses are seldom eligible for coverage.

While you should take steps to get free coverage through work, your need for additional or individual coverage depends on your age, family makeup, job mobility, medical history, and financial resources. Each influences your recommended coverage amount and need for additional life insurance.

Working with The Insurance Shop USA

If you are in the Pomona, CA area, the THINK Insurance & Financial Services team can determine a life insurance plan to fit your needs. Call or stop in today for a quote, so you can get back to living life knowing your family is adequately protected.

The History of the Motorcycle and Motorcycle Insurance

Curious about the history of motorcycles and motorcycle insurance? We’ve got you covered. However, if you have specific questions about motorcycle insurance policy options, contact THINK Insurance & Financial Services, serving Pomona, CA, and beyond.

A Speedy Look at the Motorcycle and Motorcycle Insurance

The late 19th century was a period of small-shop innovation, with many inventors working on various vehicles to replace horses and buggies. In 1895 Gottlieb Daimler invented the Daimler Reitwagen, which many consider the first petrol-powered motorbike. That same year, Karl Benz (also in Germany) invented what is widely considered to be the first combustion car.

The Reitwagen was a bit impractical, and in 1894, Hildebrand & Wolfmüller’s ‘Motorrad’ hit the market, offering a more modern experience. In 1898, the first production motorcycle in the USA, the Orient-Aster built by Charles Metz, hit the road. Over the next few years, other famed American motorcycle manufacturers, including Indian and Harley Davidson, were founded. Meanwhile, in the UK, Triumph bikes were also being produced.

Driving was initially quite dangerous, however, and if someone was injured in a car accident, they may have had to pay for all the medical bills and property damage out of pocket. In some cases, they might have been able to sue another driver or other liable party in court. However, court cases are a burden, and outcomes are often uncertain.

Fortunately, by 1897 automobile insurance was already available. In the USA, the first policy was issued to Gilbert Loomis in Dayton, Ohio. Policies would expand to cover motorcycles and other motorized vehicles. In 1927, Massachusetts made automobile insurance a state requirement. By the 1970s, most states required vehicle insurance, including for motorcycles.

Are you looking for modern motorcycle insurance options? Visit THINK Insurance & Financial Services, serving Pomona, CA, and other areas.

Seat belts save lives

Seat belts are one of a vehicle’s most important safety features, both here in the Pomona, CA area and anywhere you get into a vehicle. Wearing a seat belt can significantly reduce your risk of injury or death in the event of an accident. In fact, according to the National Highway Traffic Safety Administration, seat belt use is estimated to have saved nearly 14,000 lives in 2017. At THINK Insurance & Financial Services, we urge you to use one whenever you get into a car.

The benefits of wearing a seat belt far outweigh any potential discomfort it may cause. When worn correctly, a seat belt keeps you securely restrained against the back of your seat and prevents you from being thrown forward or off your seat in the event of an impact. This greatly reduces your risk for serious injuries that could be fatal if not adequately protected by a seat belt. 

In addition to saving lives, wearing a seat belt provides other safety benefits too. It helps keep drivers from being distracted while driving and keeps them aware of their surroundings at all times. Seat belts also reduce vehicle damage in crashes because occupants are less likely to fly around inside the vehicle and impact fragile components like windows and airbags. 

To ensure maximum protection and safety when driving, always remember to wear your seat belt every time you get behind the wheel or are a passenger in an automobile. For more safe driving tips, call us at THINK Insurance & Financial Services today. We proudly serve the Pomona, CA area and would be happy to help you find a policy that meets your needs and budget.

What is a Copay?

A copay is an amount the customer must pay for any service rendered by a health care provider. The insurance pays a portion of the bill; the remaining obligation is the patient’s copay. Anyone needing health insurance to meet their specific needs can count on THINK Insurance & Financial Services. We offer healthcare insurance options for the residents of Pomona, CA.

Health insurance Coverage 

Health insurance is essential to ensure patients receive the care they need to treat ongoing conditions and provide basic health. Health insurance coverage offers many benefits and is even required by law. Some individuals who fail to obtain adequate health insurance may be penalized each tax year unless they are exempt.

Most healthcare plans provide a percentage of coverage for specified healthcare products and services. The remaining portion is considered a copay, which is the insured person’s responsibility. In most cases, the copay is due at the time of service. Anyone interested in learning more about healthcare copays and other insurance-related issues can count on our expert team to provide the necessary details.

When you work with a team member, they take the time to get to know your specific needs and requirements regarding health care insurance. We then match the customer with policies that work best for their situation. We provide support with selecting a policy, but we can also assist them with any claims or other issues that may arise during the policy’s lifetime.

Reach Out Today 

Call or stop by THINK Insurance & Financial Services to schedule a consultation with one of our team members. We are proud to provide essential Insurance products for the residents of Pomona, CA, to help them meet their insurance requirements.

Why do you need condo insurance in Pomona?

Anyone living in the Pomona, CA area will know that being a property owner is a good idea. A condo can be a good option when you are looking to purchase a home. If you choose to purchase a condo when you are in this area, it would be wise to have insurance for it as well. You will need to have a condo insurance plan in this part of California for various reasons. 

One great reason to have a condo insurance plan is that it is a great way to obtain valuable coverage. All people in this part of the state need to carry insurance as it is a great way to protect your dwelling and personal assets against the risks of damage or theft. You can also obtain helpful liability insurance that will keep you in good standing in the future. 

Comply with all Requirements

Having a commercial plan to ensure you can comply with all requirements is also a good idea. When you buy a condo, you will likely have to take out a mortgage. Furthermore, you may be living in a building that has a home association. In these situations, you will have specific insurance requirements, and getting coverage will ensure you remain in good standing. 

As you are looking to improve your insurance situation in the Pomona, CA area, it would be a good idea to call our professionals at THINK Insurance & Financial Services. There are many great options for condo insurance, and our team at THINK Insurance & Financial Services will give you all the guidance you need to create a plan that meets your requirements and offers ideal protection. 

What Is the Difference Between Renters Insurance and Homeowners Insurance?

Suppose you’re a Pomona, CA resident looking to protect your investment in your home, personal property, or both. In that case, property-based coverage options like homeowners insurance and renters insurance are absolute must-haves. But what is the difference between the two, and which is your choice?

At THINK Insurance & Financial Services, we can help you make sense of your options. In the meantime, here’s a quick look at the key differences to know.

What’s Covered

Homeowners insurance is designed for people who own their residences and need to protect not only their personal belongings but the residence’s structure. Homeowners insurance also protects the homeowner from liability for damages and injuries others may sustain while on their property.

On the other hand, Renters insurance is specifically for people who rent or lease their residences. It covers their personal property in the event of damage or theft but not the residence itself.

Legal Requirements

Federal or state law does not require you to carry either homeowners’ or renters’ insurance in California. However, certain factors may still make it mandatory.

For example, some landlords require their tenants to carry renters insurance to live on the premises. And if you have a mortgage on a home you own, your lender may require you to carry homeowners insurance until it’s paid off.

Do I Need Renters Insurance?

Many people think that they don’t need to worry about residence-based insurance if they don’t own their Pomona, CA residence. However, this isn’t true.

If you’re like most people, you’ve invested a lot in your belongings and personal treasures. Should they ever wind up stolen, damaged by a natural disaster, or lost in a fire, you’ll likely be able to replace them if you’re insured. You’re also protected should you ever be found liable for injuries and damages others sustain in your home.

Ready to take the next step? Contact a representative from THINK Insurance & Financial Services to discuss your options.

Life Insurance in Pomona, CA: Why it Matters When You’re Young

It’s easy to think of life insurance as something for older people, but it’s just as important for young people. Getting a life insurance policy now can help you prepare for unforeseen circumstances in the future and provide some much-needed financial security. Consider why life insurance matters when you’re young and living in Pomona, CA. 

Why Do I Need Life Insurance at such a Young Age? 

No one likes to think about the possibility of their own death, but life insurance is essential in preparing for the future. If you have children or are planning to have children soon, life insurance can provide them with financial security should anything happen to you. It’s also important to consider if you have any debt. A life insurance policy can help your family pay off any outstanding debts should anything happen to you. 

What Type of Life Insurance Should I Get? 

The type of life insurance policy you get will depend on your situation and needs. Term life policies are typically less expensive than other policies but don’t build cash value over time like whole or universal policies. A financial advisor can advise you on which type of insurance is best for you.

How Much Coverage Do I Need? 

The coverage you need will depend on various factors, such as age, health status, income level, and lifestyle habits. Talking with an experienced agent at THINK Insurance & Financial Services can help ensure that you have adequate coverage so that your family won’t be left without financial support should something happen to you. 

The best way to determine which policy is right for you is by consulting with an experienced financial advisor at THINK Insurance & Financial Services in Pomona, CA, who can evaluate your situation and recommend the best policy for your needs. 

Common Questions About Commercial Truck Insurance

Commercial truck insurance provides liability and casualty coverage for trucks, vans, and other large vehicles used on public roads for business. It protects businesses and independent operators operating semi-trucks, tractor-trailers, and other commercial vehicles for transporting goods or carrying passengers. Here are the most common questions about commercial truck insurance we hear at THINK Insurance & Financial Services In Pomona, CA.

Does my commercial truck insurance policy cover personal use?

It would be best if you didn’t assume that your commercial truck insurance policy automatically covers your truck when putting it to personal use—and several activities fall into this category. For instance, if you haul goods free of charge for a charity doing disaster relief, the operation of your truck would be defined as personal use. Hauling furniture and household goods when you move is also for personal use. It would be best to have general liability coverage or a business owner’s policy in these situations.

Are there any issues finding coverage for new drivers?

Most insurance companies have an unwritten rule that they only insure trucks driven by operators with at least two years of experience. THINK Insurance & Financial Services can help you find a company that insures new drivers for premiums you can afford.

What about high-risk drivers?

Some operators have excellent driving histories but develop troubling health conditions, like diabetes. THINK Insurance & Financial Services in Pomona, CA can help you find a company that insures them.

Does my policy cover hauls to Canada and Mexico?

Commercial truck insurance policies issued in the USA are not valid in Mexico, and there are numerous restrictions for transport to Canadian destinations. THINK Insurance & Financial Services works with insurance companies in Mexico and Canada that can sell you the necessary coverage.

THINK Insurance & Financial Services in Pomona, CA can answer all your commercial truck insurance questions. Call us at (855) 484-4654 today!

What Does Comprehensive Auto Insurance Cover?

Auto insurance coverage is essential for protecting you from financial losses related to a covered event. There are a few different types of auto coverage, including liability, collision, and comprehensive coverage, to name a few. Many insurance customers have a common question: What does comprehensive coverage protect? The insurance experts at THINK Insurance & Financial Services can help answer other questions for the residents of Pomona, CA.

Comprehensive Insurance Protection 

Comprehensive insurance offers protection against incidents in events aside from collisions and liability. For example, comprehensive coverage will protect you from financial losses if your vehicle is damaged in a natural disaster or is vandalized or stolen. If you finance your vehicle, many finance companies or banks will require you to carry comprehensive insurance coverage. 

If you need help with the level of insurance coverage, you need to suit your specific situation. Our insurance experts are here to help. We work one-on-one with our customers to ensure they get the insight and information they need to select the ideal policy. Once the agent has determined which coverage best suits your current needs, they will recommend policy options and assist with the purchase, any changes, and even submitting claims for a covered event.

Find Out More Today 

Individuals living in or around the Pomona, CA area should call or stop by the THINK Insurance & Financial Services office to consult with one of our knowledgeable agents. We are committed to providing customer service that helps individuals secure the right insurance policies to protect and offer them security. Don’t wait to get the auto insurance protection you need. Get started today.

Home Insurance and Theft

Your home is supposed to be your sanctuary. It is where you can feel safe enough to be yourself and relax. You invest much time and money into making it that way for your family and yourself. However, certain occurrences can interrupt that tranquility. You will need to be prepared before that takes place. Home insurance is vital no matter where you live or your situation. Burglaries happen all over the world – you need to make sure that if your items are stolen, you want the ability to replace those items.

Homeowners insurance covers most nonvaluable items inside and outside of your home. If you have any valuable items, it may be best to obtain a specific type of insurance policy tailored to protect those items. Protect all of your possessions – in the end, you will be relieved that you have purchased the proper policies. Although picking up the pieces after someone breaks into your home can feel nearly impossible, having adequate coverage will help you heal.

If you are currently in the home insurance market, you need to employ the assistance of THINK Insurance & Financial Services in Pomona, CA. THINK Insurance & Financial Services will help you pick up the pieces after a break-in. Speaking with insurance experts can give you the peace of mind you need, and it will ensure that you are equipped to replace your possessions and successfully move on from this ordeal. Contact THINK Insurance today or stop by the office if you are in the Pomona, CA area.