How does home insurance help if someone is hurt on my property?

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.

Three commercial insurance lines your business needs

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. 

Terms you need to understand before you choose health insurance

Choosing the right health insurance policy is one of the most important decisions you make every year. Whatever you choose will provide your coverage for an entire year, and if you make a terrible choice, you need to live with it. A wrong choice can be almost as bad as not having any health insurance coverage. At THINK Insurance & Financial Services in Pomona, CA, we understand health insurance, and we will sit down so we can get to know you as well. 

Network

All health insurance carriers have a network of providers contracted to provide services at a predetermined price. Depending on the type of policy you choose, you may have to use services only within the network if you want your health insurance to cover the service. If you have providers you prefer, such as your primary care physician, you must look at the providers in the network to make sure your favorites are included. It is not just doctors either. It is hospitals, urgent care, and labs as well. 

Deductible

The deductible is the amount you must pay for covered services before the health insurance starts to cover those services. A high deductible policy will be more affordable, but you may never reach the deductible. It is something that needs to be considered carefully. 

Co-pay

Once you have met your deductible, the co-pay is the amount you are required to pay for a service. It may be $20 for an office visit or 20% of the covered service. Read your policy details carefully. This is one area where there can be many different options, and not all of them are good options. 

Contact THINK Insurance & Financial Services in Pomona, CA to discuss your health insurance needs.

Things to do to get your vehicle ready for summer

With more than 24,000,000 licensed drivers in California, chances are you will have plenty of company when you decide to hit the road. Pamona, CA is located in densely populated Los Angeles County.

At THINK Insurance & Financial Services, we are one of California’s largest independently owned insurance agencies. We are committed to providing our customers with the service and prices they are looking for. 

With summer just around the corner, it is time to start preparing for all the driving that comes with summer. You want your car to be at its best and, most of all, to be safe. 

Check your tires

If you plan on enjoying the road during the summer, it’s vital that you make sure that your tires have enough tread to get you safely through your trips. If your tires show signs of wear, make an appointment to get new ones installed. Make sure that you have a tire pressure gauge, a pump, and a can of Fix a Flat in your trunk. Check to make sure you have a spare tire and a jack. 

Get the air conditioner checked

Making sure that your A/C is working well will keep you from having some very uncomfortable trips. You should get your unit checked yearly. 

Replace your windshield wipers

Nothing is worse than being caught in a rainstorm with faulty wipers. It can be hazardous. 

Check all your fluids.

Ensure that your radiator is filled and that your oil, transmission, and steering fluids are all topped off.  This should all be taken care of as part of a visit to your local oil-changing business or auto dealership. 

Contact THINK Insurance & Financial Services in Pamona, CA if you want the benefits that only an independent insurance agent can provide.

Important exclusions to understand in your renters policy

Like a homeowner, a renter must carry an insurance policy to protect against liability claims and their belongings. While shopping for a renters policy, it is critical to understand some of the main exclusions in your policy.  Below is a list the agents at THINK Insurance & Financial Services put together of the coverages you should be aware might be excluded from your renters’ insurance policy. 

Earthquakes

Most people assume an insurance policy covers a natural disaster such as an earthquake, but in reality, they are often excluded from renter insurance policies. Residents in the Pamona, CA area may have particular concerns about earthquakes. It is critical to understand if you have coverage under your policy. 

Valuables 

While a renters’ policy should cover most of your personal property, some items might be excluded, and you will need to ask for coverage specifically. Items typically excluded are considered valuable, such as computers, jewelry, and fine art. 

Roommate coverage 

Do not make the mistake of assuming that your policy will cover both your and your roommates’ property. If you want your roommate covered under your insurance, you will want to add them to the policy and make sure their property is listed as insured. 

Dog bites 

While some insurance companies provide coverage for harm caused by a dog, such as a bite, it is vital to confirm that you have the coverage. It will be crucial to make sure your policy provides coverage if you have a dog considered an aggressive breed, such as a pit bull. Even insurance companies that provide coverage for pets often exclude certain breeds. 

If you want to learn more about what is covered under a rental insurance policy, reach out to an agent at THINK Insurance & Financial Services today. We proudly serve the Pamona, CA area. 

 

Earthquake insurance and your condominium

California has almost 16,000 known earthquake faults, and earthquake insurance is not included with a standard condominium insurance policy. If an earthquake damaged your condo, you would not have any compensation to make repairs if you do not have an additional earthquake policy.

THINK Insurance & Financial Services in Pomona, CA, could be the insurance company that helps you with your earthquake policy because we care about giving you the additional coverage help you need as soon as possible because you need this to have a standard condominium homeowner’s experience. Call them today to get the help you need with your policy.

This residential earthquake insurance additional coverage offers:

  • repairs to your condominium
  • living expenses for alternative housing while repairs are being made to your condominium following an earthquake
  • replacing contents damaged by an earthquake

You would not pay your deductible yourself to receive payment on an earthquake claim. It would be taken from the compensation for the damages to your condominium, so you would not need to pay a deductible upfront.  

 You could also buy a Building Property optional coverage that protects built-in items of your home, such as appliances, fixtures, and wall-to-wall carpeting. 

You may get the Loss of Use coverage, which is optional, that pays for living expenses if earthquake damage to your condominium or an order by a civil authority after an earthquake causes you to need to live elsewhere. There is no deductible for this additional policy type.

Call THINK Insurance & Financial Services in Pomona, CA, to get the help you need with this additional earthquake policy.

The Different Types of Auto Insurance Coverage

There are a few different types of coverage you can choose from when it comes to car insurance. Understanding the differences between these types is essential, as it can help you make the best decision for your needs. Below is an overview of each type of coverage.

1. Collision Coverage

This type of coverage helps pay for damages to your vehicle that a collision with another object has caused. This can include hitting a guardrail, another car, or even a tree. It’s essential to have this type of coverage if you want to be able to repair your vehicle after an accident.

2. Comprehensive Coverage

Are you worried about the damage to your car from things other than a collision? Then comprehensive coverage may be a good option for you. This type of coverage can help pay for repairs or replacement if your car is damaged by events such as fire, theft, or vandalism. If you have a loan on your vehicle, the lender often requires this type of coverage.

3. Liability Coverage

Liability coverage helps to protect you from financial damages if you are found liable for an accident. This can include things like medical expenses and property damage. It’s important to have this type of coverage if you don’t want to be responsible for paying these costs out of your own pocket.

4. Medical Payments Coverage

This coverage helps to pay for your medical expenses after an accident. This can include X-rays, hospital stays, surgery, and more. It’s a good idea to have this type of coverage if you want to be sure your medical expenses are covered.

5. Uninsured/Underinsured

The coverage protects you if you are hit by a driver who does not have insurance or does not have enough insurance to cover the damage. This can be a valuable type of coverage, as it can help protect you financially if you are involved in an accident with an uninsured driver.

Need Auto Insurance in Pomona, CA?

Now that you know more about the different types of auto insurance coverage, it’s time to decide which one is right for you. THINK Insurance & Financial Services can help you choose and find the best policy for your needs. Contact us today to get started!

Is Health Insurance Required in California?

While health insurance is not required by law in California, it’s highly recommended to maintain health insurance for your own well-being, along with preventative care.

Finding the best healthcare plan for you and your family takes careful consideration and thoughtfulness. The team at THINK Insurance & Financial Services serves the Pomona, CA area and we’re here to help inform you of the options available in California. 

We often hear people say they don’t need to have a primary care doctor because they’re in perfect health. While this may seem like a good idea, seeing a primary physician once a year is essential to remain in good health and to be aware of any issues that may arise around your health. 

Your primary care doctor can perform a routine physical exam, ask you questions about your habits and overall health, and even order bloodwork to resolve any issues you may be having. Even something small can escalate into something much more serious if you don’t stay on top of your health. 

So, whether you’re in good health or not, seeing a doctor at least once a year is the best way to maintain and improve your health. The same goes for other family members. 

If you feel overwhelmed by the numerous healthcare plan options available, we understand. Whether it’s just you on your policy or you’re covering several family members, including children, it can be daunting trying to select the right plan. That’s why the agents at THINK Insurance & Financial Services are here to help. 

Our team can do the heavy lifting for you, assess your family’s situation, and make recommendations based on your lifestyle and needs. We’re here to help residents in the Pomona, CA area any way we can. Contact us today!

Why You Need Life Insurance

Though many people don’t like to think about the possibility of dying, the truth is that everyone is going to at some point. You may want to consider getting life insurance at some point, though the sooner you do, the better off you will be. 

So, why do you need life insurance? Here are some reasons why. 

If someone relies on your income, you need to protect them. If you support your family, you aren’t going to want to leave them in the dust when you pass. A good policy will ensure that they will have some money to support themselves while they find a way to get their life back together. 

You may even need life insurance if you are supporting your parents or other loved ones. If you are a caregiver, they are going to need to find someone else to take care of them. Even if you just financially help your parents, they will still need some money after you are gone. 

If you have a business that you run, you are going to want insurance to protect your family. If your business will not be able to survive without you, you are going to want to make sure that your life insurance policy will help your family to get through this difficult time. 

Though you may not think that you need life insurance, the truth is, if there is anyone that relies on your income, you need to have some. Otherwise, your family won’t have the money to get their lives back in order. You also should have some if you run a business. 

If you want to make sure that your family will be fine without you, contact us today at THINK Insurance & Financial Services in Pomona, CA. 

Required Commercial Insurance in California

Businesses in California are required to have certain commercial insurance policies that protect the business as well as its employees and other people. If your California business doesn’t have the right types of commercial insurance, it could face a lot of financial problems. If you need commercial insurance for your business, contact us at THINK Insurance & Financial Services in Pomona, CA to find out more. 

Workers’ Compensation

This mainstay of businesses is required of all California businesses that have any number of employees. This includes employees who are part-time as well as full-time. This insurance coverage pays for the medical bills and lost wages that can be due to an employee after they have an injury while at work. Workplace injuries can be highly expensive for employers, so it’s important to have this coverage in place to protect the finances of the business. 

Commercial Auto Coverage

If a business in California owns a vehicle, that vehicle must be covered by a commercial auto policy. There are a few set minimum amounts for these policies, but they are extremely low when compared to other states. It’s a good idea to get more than the mandated minimums amounts. These amounts include a small amount for property damage liability to pay for someone else’s property if your driver causes an accident. In addition, there is a set minimum amount required for bodily injury liability for when one person has been injured in an accident caused by your driver. There is a higher amount required for all of the people who become injured in an accident that your driver causes. You can also add other coverage types, such as comprehensive coverage, to your policy to better protect your business. 

Get Your Business Covered

To get your business covered by the appropriate commercial insurance, contact us at THINK Insurance & Financial Services in Pomona, CA.