You updated your home to a proverbial castle, and it probably feels great to enjoy the time there. Your update improved your quality of life and the other individuals living with you. Your home insurance policy from THINK Insurance & Financial Services helps you do this, and this blog explains why you need to update your home insurance policy after renovating your home.

Renovation Improves Your Home

Your Pomona, CA, home improvements didn’t just make your home more fun to spend time in; it also made it more valuable. Improving the curb appeal, adding insulation, building a deck or porch, or many other projects add value to your home.

Some items, like a new bathroom or bedroom, add thousands of dollars to the value of it. Renovating the kitchen adds about $20,000 in lasting value to your home. That figure applies if you update all appliances, update the cabinets and the counters, and replace the floors if they need it. Many projects add whopping amounts to the value of your home.

Your Home Insurance Requires an Update

Aha! When you increase the value of your home, you need to increase the value at which your insurance covers it. When you purchased your policy, it included the home value from the purchase. If you paid $240,000 for your home, that’s the amount you insured it for.

Just as the bank checks the home’s actual value before offering you a mortgage and only funds it, home insurance lets you insure it at its actual value. When you renovate, adding $100,000 of value, you need to update the home policy to cover the home’s new value of $340,000.

Contact THINK Insurance & Financial Services Today

Insure your Pomona, CA, home fully. Contact THINK Insurance & Financial Services today for a home insurance update. Let us help you protect your financial investment in your home.

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. 

Owning a home in Pomona, CA is a goal that every resident dreams about. Therefore, any homeowner must solicit profound policy to safeguard their home and the content stored in them in case of imminent disasters. Unfortunately, most homeowners in Pomona, CA, think of a policy after any impending peril like a fire ravages their house. Home, being one of your most precious assets, requires formidable protection. At THINK Insurance & Financial Services, we offer top-notch home insurance policies that will shield your home while at the same time suiting your needs and budget. Our home insurance policy is a worthwhile asset as it provides the following benefits but is not limited to:

Provides liability protection: Purchasing home insurance from THINK Insurance & Financial Services will cushion you from impending lawsuits and medical bills from third parties. It caters to any alleged property damage and infliction of injuries to other people from the policyholder and family members. 

Asset protection: Home insurance protects your house and detached structures. When a given calamity strikes and ravages your house, home insurance caters for the reconstruction or repair of your home and other facilities and personal belongings stored in them in case they are stolen or destroyed by a calamity stated in your policy.

Inculcates peace of mind: Have you ever thought about how much money you have invested in building or buying a home or the exclusive furniture and other home appliances in your house? Knowing that your home and family are safeguarded against calamities is always comforting. Financial constraints that crop up from losing your home can be detrimental. Home insurance from THINK Insurance & Financial Services shields you from such fears.

Are you a homeowner in Pomona, CA, searching for relevant home insurance? Don’t hesitate to call or visit our THINK Insurance & Financial Services agents to get well-customized home insurance coverage.

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 home is a great way to put down roots and to build wealth over time. However, it’s important that you always have it covered by a home insurance policy, or you could lose what you have. If you own a home and need a home policy, give us a call today at THINK Insurance & Financial Services in Pomona, CA.

Dwelling Insurance 

Home insurance covers your dwelling so that you can get certain damages paid for and repaired. When there is a serious incident that results in damage being done to your home, it can be so expensive to fix that you may not be able to get any work done to it. But with this insurance policy, all of that work can be done, and your house can get back to the way it was before. 

Belongings Coverage

If your home is damaged by a covered incident, it gets paid for. But, what if your belongings inside it are also damaged? There are many accidents and other situations that can damage your possessions. When this happens, your home insurance will pay to replace the items that were ruined or to fix items that are damaged. This coverage is important for being able to afford to get your items back again.

Lifestyle Protection

If your home were to be seriously damaged so that it is no longer inhabitable, your home insurance policy will pay for you to move elsewhere while the repairs are being done. This keeps you living your lifestyle instead of having to stay in an unlivable situation in your damaged home. 

Get Your Home Coverage

If you are a homeowner, it’s important to have a good home policy in place to protect yourself and your home. Give us a call at THINK Insurance & Financial Services in Pomona, CA.

Life insurance is essential in safeguarding your loved ones in Pomona, CA financially if a tragedy strikes. Regrettably, many Pomona CA residents go without it with the notion that they can’t afford it. The instrument role of life insurance is to assist in providing your loved ones with financial protection upon your unexpected death in exchange for prompt payment of premiums you submit to your insurer during your lifetime. Many residents of California overestimate the cost of life insurance. Let our THINK Insurance & Financial Services situated in Pomona, CA agents assist you in tailoring prolific coverage that can go a long way in protecting your loved ones when your untimely death strikes. Acquiring salient life insurance can be beneficial in the following ways.

Provides peace of mind: Death is an unexpected occurrence that can strike any time. Having magnificent life insurance instills peace of mind. This instilling of peace of mind is so because if the policy bearer unexpectedly meets their death, they get reassurance that their family and loved ones will possess a financial safety net.

Pay for your burial expenses: An untimely death comes with challenges of catering to the funeral expenses, especially if you have inadequate savings. In most cases, this scenario manifests itself as a substantial financial burden. Beneficiaries can utilize income generated from a life insurance policy to cater to burial expenses with ease. 

Cover debts: Imagine what could happen if you didn’t provide another paycheck for your family upon your death? Beneficiaries could use the savings emanating from your policy to clear essential expenditures, including paying an outstanding mortgage or college tuition for their kids. It’s employed to settle debt, like credit card bills or prevailing car loans.

Cushion your dependents: Your loved ones stay shielded due to the guaranteed income they get regularly. This income(death benefits) helps settle all loans and other prevailing expenses like house rent, accrued telephone bills, and electricity costs.

There is no debate that life insurance is an absolute necessity. It minimizes risk and acts as a protection tool that must get procured without any thought. Call or visit our THINK Insurance & Financial Services in Pomona, CA to get detailed information about life insurance coverage.

Those that are in the Pomona, CA area and are looking for a new housing option should always consider owning their home and buying a property. As you are looking for a new property to buy here, you should also look into your insurance needs. Home insurance is always a good investment and is also a requirement in some situations. This coverage could be a requirement for a few reasons. 

Insurance is Required by Mortgage Lenders

A reason that many in this part of California will need to have home insurance is that it is often required by mortgage lenders. Taking out a mortgage is a common way to pay for a home. If you are going to finance your purchase with a mortgage, your lender will have insurance rules that need to be met. They may even require that you have your payments escrowed each month. 

Insurance Could be an Association Requirement

You may also need to get a home insurance plan if it is an association requirement. A lot of home associations in this part of California will have specific insurance requirements that residents need to have. They are likely to require you to provide evidence of coverage at least once per year. 

Having home insurance should be considered a top priority for anyone in the Pomona, CA area. If you would like to purchase a home in this area of the state and need insurance, the team with THINK Insurance & Financial Services can help you choose a plan. THINK Insurance & Financial Services will be able to give the support needed to build an insurance plan that will meet your needs. This will include helping you properly assess all of your options and create a policy that mitigates your risks. 

Investing in a home takes time and resources. In some instances, owning a home is a lifetime investment that you have to pay for all your life. It is, therefore, crucial to protect your home from any form of damage or loss. In instances where it may be impossible to protect your home, a home insurance policy comes in handy. Please speak to our THINK Insurance & Financial Services agents in Pomona, CA, who will advise you on a home insurance policy suitable for you.

What is a home insurance policy?

This is a policy that protects you against financial liability arising from property damage, injuries, or legal responsibilities. Damages could occur out of natural disasters though there are a few exceptions to these instances and, therefore very crucial for you to go through all the details of your policy document with THINK Insurance & Financial Services agents. This policy covers damages caused by pets.

A standard home insurance policy offers the following coverages

• Damage to home structure

A home insurance policy will cover costs required to repair your home or entirely rebuild it if it is destroyed by fire, hurricanes, or any other disaster listed on the policy. This policy does not cover damages arising from floods, earthquakes, or wear and tear.

• Damage of personal belongings

Such items as furniture, sports equipment, clothes, and other personal items are likely to be destroyed by fire or hurricanes. While the home insurance policy does not fully cover these items, you can purchase special personal property endorsements to cover them entirely.

• Liability protection

This covers lawsuits as a result of bodily damage caused by others or property damage. This also caters to accidental damage caused by pets.

• Additional living expenses liability

In case your home is rendered inhabitable, the home insurance policy covers costs to get an alternative living space.

Kindly visit our website for more information, or call our THINK Insurance & Financial Services agents in Pomona, CA, for more personalized service.

Pomona, CA is a very popular place for people to want to move to and visit. Due to this, there continues to be a lot of housing demand, which can make it a great place to own a home. If you are going to purchase a property here, you will want to secure and protect it as well as you can. A great way to do this is with a home insurance policy. There are several reasons why you need to get this insurance coverage for your home.

Gives Necessary Protections

A primary reason that you will need to get a home insurance policy is that it gives you necessary protections that are not provided by other forms of insurance. Your property is likely one of the largest assets you will ever own. When you get insurance, you are going to have the protection you need to repair or rebuild your home. Additionally, your policy will give you coverage for personal liability and protect your personal assets. 

Meet Requirements

You should also get this insurance to meet the requirements that are set forth by a lender or association. Most people will have insurance obligations that need to be met. If you have a mortgage, you need to comply with the obligations in your loan agreement. Those that live in a home association will need to understand and meet their association insurance rules. 

The Pomona, CA area continues to be a great place for anyone to purchase a home. To ensure your home is protected as well as possible, you should discuss your insurance needs with THINK Insurance & Financial Services. The insurance team at THINK Insurance & Financial Services can help you to choose a policy that will give the right insurance protection for your situation. 

Living in the Pomona, CA area can be a great experience. The area also has a good real estate market, which makes it a good option for home buyers. If you are looking to buy a home in this area, you should get home insurance on your property as it will benefit you in several ways.

Gives Necessary and Valuable Coverage

Your home is an enormous asset and investment. The best way that you can protect it is by getting a home insurance policy. When you get home insurance, it will not only protect your home and personal belongings from a variety of risks, but you will also receive great personal liability insurance coverage. 

Ensures You are Compliant with All Agreements

Another reason why you should make sure that you get home insurance for your Pomona, CA area home is that it will ensure that you are in compliance with all agreements. Most people in this area have a mortgage that was used to purchase the property. If this is the case for you, the lender will undoubtedly require that you have home insurance at all times. Additionally, if you live in any type of home association, the related association documents will likely require that you carry home insurance. If you do not carry insurance, you could face penalization from both your lender and the home association.

Since there are many benefits to having home insurance, you should contact THINK Insurance & Financial Services whenever you are looking to buy a property or want to evaluate your home insurance needs and options. The team at THINK Insurance & Financial Services can help you to figure out what type of home insurance is right for you, which will allow you to get into a great policy.