I am Young and Healthy, Do I Really Need Life Insurance?

I’m sure we have all had an internal battle with ourselves over this question. Life insurance, do I really need it? I’m young, I feel great, why spend the money? 

Perhaps you can think of it this way. We don’t wear seatbelts based on our health, age or life expectancy, we wear them for protection. Not to protect from what’s already ailing us, but from what may. Life insurance falls into the same category, with perhaps a significantly larger fallout for our loved ones if we choose not to have it.

Having life insurance protects you from leaving a potentially crushing financial burden for your family.

No matter your age, or health condition, nothing in life is promised to us. Imagining the worst is never easy, but preparing for it is always necessary. The cost of a funeral and all other expenses you may owe or accrue during your life will be left in the laps of the people who care for you the most. None of us would intentionally do that. So why take the risk? 

Having life insurance is peace of mind. It is that extra hour of sleep we lose at night worrying about what might happen. There is a weight on our shoulders, we all feel it. It is the uncertainty of life, and there is not much we can do about it. The one thing within our control is whether or not we prepare ourselves and those we love for what happens when we can no longer be with them. 

All you have to do is pick up the phone and speak to a trained professional in Pomona, CA. The friendly and experienced insurance agents at THINK Insurance & Financial Services are waiting for your call. Don’t let yourself lose another hour of sleep. 

Is renters’ insurance required in California?

Your apartment or home in Pomona, CA is everything you imagined. Not only is there enough space for everyone in the family, but there are added perks that make you want to return to your living quarters after a long day of work. Renters insurance’ may or may not be required by your landlord, but such coverage is certainly a necessity. The agents at THINK Insurance & Financial Services can help you understand the value of a good policy. 

What does renters’ insurance cover?

Renters’ insurance acts as a home insurance policy. A good plan may pay for lost or damaged items inside the unit as well as damages to the structure. A renters’ insurance policy does not cover certain aspects of plumbing and leaves out personal injuries sustained outside of the residential unit. A landlord’s insurance policy should cover these incidents. 

Is renters’ insurance required in California?

There is no state law requiring renters to obtain a renters’ indemnity plan. Some landlords, however, require tenants to purchase insurance as part of their lease agreement. 

You do well to buy a renters’ insurance plan even if your landlord does not require proof of a policy. A good indemnity plan can protect you from financial loss when your landlord’s insurance fails to cover all of your expenses when an incident takes place. You can also depend on a good renters’ insurance policy to pay if a guest at your home is injured inside the residence. 

Purchasing renters’ insurance is not required by state law in California. You should, however, consider a plan if you are renting an apartment or home in Pomona, CA. Call THINK Insurance & Financial Services today to get started with a quote for coverage.

Three mistakes you don’t want to make when you purchase condo insurance in California

If you own a condo, you need to familiarize yourself with what condo insurance is and how it works. We provide condo insurance policies to condo owners in Pomona, CA at THINK Insurance & Financial Services.

The following are three mistakes you don’t want to make when you purchase condo insurance in California. 

Failing to put enough consideration into the deducible amount

Too many condo owners assume they’re never going to have to file a claim. Therefore, they opt for a lower premium amount and accept a higher deductible. This is never a good idea. 

You need to choose a deductible amount that’s low enough that you’ll be able to afford it out of pocket. It’s worthwhile spending a little extra on monthly premiums if it can significantly bring your deductible amount down. 

Not purchasing enough coverage

You should have enough coverage to cover the value of the possessions you keep in your condo.

If you don’t purchase enough coverage, it could really cost you down the road if you have to file a claim. Make sure that you’ve carefully evaluated your possessions before you choose an overall coverage amount for your policy.

Purchasing actual cash value coverage

There are two major choices when you purchase a home insurance policy: actual cash value coverage and replacement cost coverage. It’s always best to opt for replacement cost coverage.

Actual cash value coverage will factor in home depreciation when compensating you for a claim. This means that actual cash value coverage will provide you with less for your claims than a replacement cost policy. 

We can help you to choose the right condo insurance policy in Pomona, CA. Contact us at THINK Insurance & Financial Services to get started. 

Why should i get life insurance?

Those that are in the Pomona, CA area need to spend some time assessing all of their personal insurance needs. One form of insurance that could be a good addition to any personal insurance plan is life insurance. There are several reasons why you should get this type of insurance coverage. 

Provides Protection for Dependants

A key reason that you should get life insurance is that it can offer protection for your dependents. If you have people in your life that depend on you and your income, you will want to ensure that they have financial resources if you were to pass away. With life insurance, you can provide them with this coverage. When you get this insurance, you can build a policy that will meet your needs.

Offers a Financial Investment Opportunity

Another benefit that can come when you get life insurance is that it can offer you an additional financial investment opportunity. Anyone that is looking for another form of investment to round out their portfolio should consider getting a whole life insurance policy. With whole life insurance, you can receive insurance coverage and a portion of your payments will build in an account that you could convert to cash in the future. 

There are a lot of reasons that you should get life insurance. If you would like to get a life insurance policy in the Pomona, CA area, you should speak with someone that understands the complexities of this type of insurance. The team at THINK Insurance & Financial Services can be a great resource. If you do call THINK Insurance & Financial Services, you can learn more about what your options are. They can then help you to construct a policy that will provide you with the right coverage.  

5 Ways to Protect Your Small Business from Liability Risks

As a small business owner, it’s your responsibility to protect your business against risks that can cause financial loss. This includes liability risks that your Pomona, CA business faces in your local community. These tips from THINK Insurance & Financial Services can help safeguard your business against liability claims that can affect your bottom line.

Maintain a Safe Business Environment

Put safety first when it comes to your business environment. A safe environment will reduce the risk of accidents on your business site. Make sure your employees are on board in maintaining a high standard of safety for your customers.

Document Everything

Keep accurate records of all business transactions to include emails, phone conversations, letters, etc. to avoid misunderstandings in business transactions that can lead to a breach of contract and lawsuit.

Don’t Make Slanderous Statements

Be careful about the statements you make in public to avoid problems with slander. Slanderous statements can easily lead to lawsuits. In like manner, avoid doing business with people of questionable character as it could tarnish your business image.

Hire a Skilled Attorney

Hire a business attorney so you’ll have competent legal aid in the event of a lawsuit. Make sure your attorney is familiar with laws in your local area and experienced with business issues in your industry.

Purchase Commercial Liability Coverage

Make sure you have the right commercial insurance to protect you against liability claims. General liability covers accidents on your business site. If you produce or sell products, you may need product liability to protect you against faulty products that can cause injuries. If you offer professional services, E&O coverage will protect you against a lawsuit for negligence in the services you provide.

For more information about commercial liability coverage for your Pomona, CA business, contact an agent from THINK Insurance & Financial Services today.

When Should I Purchase Life Insurance?

Life insurance provides benefits to your chosen beneficiaries after you have passed. The best time to purchase life insurance is when you are young and healthy. As you age, you may develop a medical condition that will raise your rates. Lock into a low rate while you are healthy. The insurance professionals at THINK Insurance & Financial Services will help you choose a policy that is right for you during this period of your life.

When you start working Full Time

Starting a full-time job in or near Pomona, CA, is an exciting event. Before you splurge on the fun things, make sure you purchase the necessities. The life insurance policy provided by your employer may not be enough. If something happens to you, ensure your family will have enough to pay off your vehicle, private student loans, apartment rental contract or mortgage, and other outstanding debt. Another expense to consider is the cost of the funeral or memorial service you prefer.

When you start a Family

Your life insurance policy death benefit doesn’t help you. Your life insurance policy benefits the people you leave behind. Feel confident that your partner and children will not suffer financial hardship due to your death. Think about the amount you owe on your mortgage, and factor in money for your partner to set aside for your children’s education. You should also consider purchasing life insurance for your children. If the unspeakable should happen, you will be able to provide a proper funeral or memorial service for your child without experiencing financial hardship.

You are never too youthful to buy life insurance. Life insurance is an investment in the future of your loved ones. Contact THINK Insurance & Financial Services to set up an appointment with one of our Pomona, CA agents. We want to help you explore your life insurance options and make the right choice.

Why should I get motorcycle insurance in Pomona?

Those that are in the Pomona, CA area will want to have some form of vehicle in order to get around the surrounding area. A very efficient vehicle that you should consider getting here is a motorcycle. When you are going to get a motorcycle here, you do need a proper insurance policy. There are several reasons why you should get a full motorcycle insurance policy when you are in the Pomona area. 

To Comply with the Law

One important reason that you should get a motorcycle insurance policy in Pomona is so you can comply with state laws. Those that are in this state and want to operate any vehicle on a public road are required to abide by the state’s liability insurance rules. These rules require that you carry a certain level of coverage, which ensures that you will be able to pay for any damages that you may cause. Having this coverage can help you to avoid penalization.

Cover your Asset and Investment

You will also want to get this insurance because it can cover your asset and investment. Anyone that gets a motorcycle will be investing in the purchase and maintenance of it. To ensure that this does not go to waste, you should make sure that you have full and proper coverage at all times. A motorcycle insurance policy will give you protection to repair or replace the bike.

Ultimately, it is a very good idea for you to get motorcycle insurance in the Pomona, CA area. When you are looking for insurance here, you should call THINK Insurance & Financial Services. When you call THINK Insurance & Financial Services you will receive the support you need to understand your options and pick a new insurance policy. 

How to Scale Your Commercial Insurance to Your Business

Scaling your commercial insurance is not all that easy. While the concept is a simple one for owners in Pomona, CA, the actual execution is rife for mistakes. THINK Insurance & Financial Services wants you to know how you can apply the principles to find a policy that will serve you when you need it the most. 

Stay On Your Toes 

Business owners already know that they have to have a thousand balls in the air to really keep everything moving. Even those who are removed from the small decisions need to keep close watch of how their business is progressing. The same is true for your commercial insurance policy. 

When you first began your business, you likely started very small. One shop, a few employees, and some basic equipment might have been all you needed. But as your company amasses everything from new technology to more clients, you have to ask yourself if your policy is covering these changes or if it’s still stuck at the very beginning. 

Spot-Checking Your Contract 

One of the biggest things a company has to account for is a liability. The more clients you serve and the more you do, the more chances you’ll get into some sort of legal problem. But even if liability is low on your concerns, there are likely some threats that loom large for you. 

If you have questions in Pomona, CA, THINK Insurance & Financial Services can lend a hand. Our staff will find out how you operate, what you depend on, and what you’ll need in case something goes wrong. Tailoring your policy starts with having an open and honest discussion, so contact us to get the ball rolling. You might be surprised at what’s available to you. 

Do Health Insurance Companies Share Information With Each Other?

Oftentimes you may consider simply switching health insurance providers based on the rates that you’re getting right now. This can be a smart idea, but you should know that all Pomona, CA insurance companies are going to have access to the same information.

And it’s not just the insurers sharing this information.

Essentially, every insurance company you could hope to buy from has every piece of medical data that exists about you and is available. They talk with doctors and hospitals, they look at your records, they talk to your dentist if need be, and of course, they talk to each other. The insurance game is competitive, sure, but it doesn’t really do these companies any good to keep secrets from one another.

If some of the information that your previous insurer had is false or was registered in error, fortunately, there are ways to have this taken care of. Medical check-ups are, after all, where we get the term "second opinion." If your previous physician noted your high blood pressure, but you were just having a stressful day when you took the exam, there’s no reason that you can’t have a follow-up exam taken and submit those new results to your insurance company.

Ultimately insurance companies are looking at your medical records for your benefit as well as your own. They need to know the risk that they’re taking in covering you, and of course, they need you to be aware of those risks, as well.

If you’re looking to get covered in Pomona, CA, get in touch with THINK Insurance & Financial Services and see what we can do for you. You can call us, or get in touch through the THINK Insurance & Financial Services website.

California Renters Insurance Frequently Asked Questions.

THINK Insurance & Financial Services wants to empower all the people in and around Pomona, CA with as much information about their insurance requirements and options as possible. This is why we have compiled this list of FAQs about renters insurance in the state of California. 

Renters Insurance FAQs 

  • Is renters insurance a legal requirement in California? No, you do not legally have to have renter’s insurance in the state of California. However, you may find yourself in a bad situation if the worst happens and you do not have it. 
  • Can my landlord require me to have my own renters insurance? Yes, your landlord can make renter’s insurance a required item in your contract. This protects them but more so you and your personal property. 
  • What may renter’s insurance cover? We cannot guarantee anything until your policy is actually written but renter’s insurance in California often covers personal items of value such as laptops, televisions, antiques, etc. It may cover loss of use of an area so you have compensation when you need to make other living arrangements, and it may protect you from some level of civil liability. These are all common coverages but discuss your personal needs with an agent. 
  • Why should I have my own renter’s insurance policy? Because your landlord’s policy will protect the building itself and not the tenants and their belongings. Protect yourself with renter’s insurance so you have one less thing to worry about.  

THINK Insurance & Financial Services serves the community of Pomona, CA with quality insurance services and we will be happy to answer any additional questions you may have about renters insurance or any other type of insurance and the California requirements or suggestions. Call us today.