Health insurance: What does it cover in Pomona CA?

Navigating through the world of health insurance is a monumental task. With fast-paced lives, home responsibilities, and pressure at work, we hardly get the chance to live healthy lives nor pay much attention to health insurance. Health insurance helps protect you and your loved ones by paying for surgical, medical, and sometimes dental expenses. Depending on your needs, THINK Insurance & Financial Services recommends having a form of health insurance to cover for individual medical costs.

What does it cover?

Companies often include health insurance as an employer benefits package to entice quality employees. The premiums are partially deducted from the employers but usually deducted from the employee paycheck. With such a package, the best way to learn what is covered is by enquiring from the hospital. If you have two forms of coverages, it is essential to know what each covers to avoid repetition in coverages.

Health benefits

  • Emergency services
  • Ambulatory patient services
  • Hospitalization
  • laboratory services
  • Pediatric services
  • Preventive and wellness services
  • Chronic disease management
  • Prescription drugs
  • Rehabilitative and habilitative services 
  • Maternity and newborn care 
  • Mental health and substance abuse disorder services, including counseling, psychotherapy.

Is health insurance necessary?

In most cases, health insurance is not mandatory. However, some job contracts may require you to have a health insurance policy. Certain situations also call for a high-quality health insurance policy. For instance, if you have a pregnant wife or just welcomed a newborn, you may need insurance to cover for postnatal as well as the child’s regular doctor visits. People with serious health conditions, chronic illnesses, or diseases that require high-end treatment may also need health insurance to help cover medical costs.

You by now agree that your health is more important than anything else in the world. At THINK Insurance & Financial Services, we can help you stay healthy by providing you with useful information regarding health insurance. Feel free to call us or visit us at Pomona, CA today!

How Does Condo Insurance Differ from Home Insurance?

When you are shopping for a new home, it’s helpful to understand the difference between home and condo insurance. THINK Insurance & Financial Services can provide quotes and walk you through the pros and cons of each. This enables you to make the transition from a house to a condo or vice versa, more confidently in Pomona, CA.

Liability Insurance: Condo versus Home Insurance

Under condo insurance, you are responsible if someone gets hurt or you unintentionally damage their property while they are in your condo. Liability coverage for condos helps you safeguard your finances. However, if someone gets hurt in a common area, such as the lobby or pool, the HOA insurance typically covers it.

Homeowners liability is similar to condo owners’ responsibilities. Your home insurance should cover injuries and property damage that occur at your home and beyond. However, homeowners are also liable for accidents and injuries that occur on the land they own. Trampolines, playgrounds, and pools increase your risk and can affect the cost of insurance. 

Personal Property Insurance: Condo versus Home Insurance

Under condo insurance, covering personal items falls under the owner’s responsibility. The HOA coverage protects common areas such as hallways and rooftops. However, your condo insurance reimburses you for losses such as furniture, electronics, clothing, and jewelry. Under homeowner’s insurance, personal property works in much the same way. You need enough insurance to pay for all your belongings in case of a total loss. 

To ensure that you have a handle on the value of your belongings, take an inventory, and estimate the value of each item. You’ll need to secure insurance for at least that amount to avoid paying to replace the items out of pocket. 

Your agent from THINK Insurance & Financial Services can provide examples to help you understand the risks and responsibilities associated with home or condo insurance. Call today to set up an appointment at our Pomona, CA office or to ask us any questions you may have. We’ll be happy to provide quotes and walk you through available policies.

Do renters need to carry insurance in California?

In California, 45.2 percent of residents are renters. While the people who own the building must have home insurance, the law does not require renters to carry insurance on their rental. Having said that, some landlords and owners may require tenants to show proof of renters insurance before they allow them to rent from them. At THINK Insurance & Financial Services in Pomona, CA we are Independent agents and can offer our customers excellent service and competitive rates. 

One common misconception that many renters have is that their personal property will be covered by their landlord’s insurance in the event of an event that damages or destroys their personal property. This is not the case. The landlord’s insurance will only cover what is their property, the physical building, and things like bathroom fixtures and kitchen cabinets. Your personal property will not be covered. This can result in a catastrophic loss for you as a renter. If you had renters insurance, not only would it protect your personal property when it is in your dwelling but in the event that it was stolen while you are away from home or from your vehicle. 

If the dwelling that you rent is so badly damaged that you can not live in it, renters insurance may help you to pay for a place to stay while you are waiting for it to be repaired. Renters insurance also gives you liability coverage so that if someone is injured while visiting you or perhaps by your furry friend, you will have the means to pay the judgment against you. 

To answer the question do renters need to carry insurance in California you need to consider whether you can afford not to carry renters insurance. At THINK Insurance & Financial Services in Pomona, CA we are here to help you determine the answer that is right for you. Give us a call or stop by our office for a no-obligation quote. 

Which Type Of Life Insurance Is Right For You?

There are two primary types of life insurance offered to the public. One of the options is term life insurance, which is paid for in advance for a set term. The other is whole life. The whole life policy has premium payments over the course of many years and can be used to borrow money after a set period of time. 

Whole or Term?

Both insurance options have their benefits, but for those who are planning for the future or getting ready for retirement, they may want to consider whole life because it can serve as a savings plan if there is an unexpected expense in the future. The term policy is pretty straight-forward and provides clear terms and conditions before the policy is purchased for a set "term". The whole life policy can be modified and used to build borrowing power against the face value of the policy, usually after 10 years of making regular payments. Many who are approaching retirement age consider this policy to help with unexpected expenses that can crop up in the future.

Find A Top Agency

One of the keys to getting the right type of insurance is to work with an agency with a reputation for delivering exceptional customer service as well as top-rated insurance products. Those who are in the Pomona, CA area who are shopping for life insurance can count on the licensed life insurance agents at THINK Insurance & Financial Services to provide the guidance they need to get protection for those they care about the most. 

Residents of Pomona, CA should call or stop by THINK Insurance & Financial Services today to get the insight they need to make smart insurance policy purchases. 

Does Commercial Insurance Cover Vandalism?

Unfortunately, vandalism can occur to just about any business with a physical location, at any time. Luckily, standard commercial insurance is designed to cover acts of vandalism to help victims recover and get back to business as usual. Before selecting a commercial insurance policy, learn the limits of coverage and make sure it includes any vandalism related costs.

Vandalism Coverage

Most insurance policies will usually cover vandalism damage on the covered property. Make sure that the terms and conditions about coverage are clear and that you completely understand them before making a purchase. If there are any exclusions, learn about them from your insurance agent, and then take any steps to purchase additional coverages if deemed necessary to prevent losses. With the right type of insurance assistance, selecting a comprehensive commercial policy that protects against all types of vandalism is easy. 

Working With A Licensed Agent

One of the best tools at your disposal is a licensed insurance agent who has experience helping clients get the coverage they need to provide security for their business or company. Anyone who is currently searching for high-quality commercial insurance should consult with THINK Insurance & Financial Services, serving Pomona, CA. They have insightful agents who are committed to helping people get the security and peace of mind they need to operate their business with confidence from day to day. Let them help you get that same level of coverage to protect your investment around the clock.

Call or stop by THINK Insurance & Financial Services of Pomona, CA, and let one of our skilled agents walk you through the process of policy selection and answer any questions you may have. 

Why do I need to get health insurance?

If you are in the Pomona, CA area, there are many different forms of insurance that you should have in place. The most important form of insurance of all could be health insurance. There are many reasons why someone in this area needs to have health insurance at all times. 

Need Access to Healthcare

The most important reason why you need to get health insurance is that you need to have access to affordable health insurance. Those that are able to see a doctor on a regular basis, receive preventative care, and have access to affordable prescriptions will experience significant health benefits compared to those that do not. When you have health insurance, you will be able to see a doctor and receive the care you need at an affordable price. 

Comply with Legal Requirement

For the past few years, having health insurance has actually become a legal requirement as well. If you do not have evidence of health insurance, you will be penalized. Normally, you are going to have to show that you have health insurance when you go to file your taxes. Any non-compliance fee that you have will be deducted from your total tax return. 

There are many reasons why someone in the Pomona, CA area needs to have health insurance. When you are looking for health insurance, you could find that it is challenging to choose the right policy. The team at THINK Insurance & Financial Services can help you to decipher between all of your options and pick the right policy. THINK Insurance & Financial Services will work with you to assess your current situation to figure out what type of coverage you and your dependents need. They can then help you get into a policy that provides the right coverage. 

Why Does Someone Need Renters Insurance?

One of the most momentous occasions in someone’s life will come when they move into their very first home, which often is a rented apartment or another home. This is often a sign that someone has become independent and is ready to make their own life. While there is a lot of excitement that comes with moving into a new rented home, you also need to make sure that you spend time considering your insurance needs. There are several reasons why you need to have renters insurance. 

Will be a Requirement Under Lease

One of the main reasons why someone will need to have renters insurance is because it will be a requirement under the lease. Landlords are very well aware of the unique protections that are provided by a renters insurance policy. Therefore, this is an easy way for a tenant to receive protection for their assets and from liability, which ultimately benefits the property owner as well. 

Ensures Personal Belongings are Covered

When you move into a new home of any kind in Pomona, CA, you are also going to bring with many of your prized personal assets. If your property is vandalized or damaged by a fire or storm, you could face serious losses. To ensure that you have protection against these risks, all people are advised to have a full renters insurance policy before moving in.

Choosing a new renters insurance policy is a big decision for anyone in the Pomona, CA area. If you are evaluating your options for insurance, you should speak with the team at THINK Insurance & Financial Services first. The insurance team at THINK Insurance & Financial Services has experience in helping many different renters choose a policy that gives them the right liability and personal asset protection. 

How Will Pomona Condo Insurance Protect Me?

Living in the Pomona, CA area is a great option for many people. This area has great weather throughout the year and also has a good local economy. When looking to live in this area, a lot of people may prefer to live in a condo due to the lower maintenance obligations and more manageable space. If you do choose to purchase a condo in this area, it is very important that you get condo insurance as it gives several forms of protection.

Provides Protection for Your Assets

Your condo is a very major asset and investment. To ensure that you are covered for a wide variety of situations that could cause a loss, such as fire damage or weather damage, you need to have condo insurance. This insurance can also give you coverage for your personal belongings, which could be valuable if damage or property theft occurs. 

Gives You Liability Coverage

Condo owners take on a unique set of liability, which is not necessarily matched by owners of single-family homes. Condo owners take on liability risk whenever they have a guest over. Additionally, if your condo has a bad leak and causes damage to another property, it will be deemed your responsibility. The condo insurance policy will give you coverage for both of these situations. 

If you want to buy a condo in the Pomona, CA area, it is important that you carefully consider your condo insurance needs. As you are shopping for a new condo policy, you should contact the team at THINK Insurance & Financial Services. The insurance team at THINK Insurance & Financial Services can give you great insight and suggestions that will help you to choose a quality condo insurance policy that gives the best coverage possible. 

How do small businesses benefit from commercial insurance?

Congratulations on starting your own business in the vast Pomona, CA. Regardless of the size of the business, taking steps to start one involves both short term and long term risks. You are not just risking a lack of clients, you risk having your business damaged or destroyed in accidents and natural elements. 

Small businesses also need commercial insurance.

At THINK Insurance & Financial Services, we recommend taking risk management tools that will help your business to transfer the risk to your insurance company. By paying a relatively small premium, the insurance can protect your business from calamities that may lead to larger financial losses like theft, fire automobile accidents, natural disaster, legal liability and even death of a key employee.

Disasters can happen to any business big or small and cause damages that may require large sums of money. If your small business is not insured, you may end up closing down temporarily or permanently if you don’t have enough savings to get it back on its feet.

How to go about it

As a Small business owner, you must first identify the company’s main areas of risk. A risk questionnaire or survey available in many insurance companies can be an excellent tool for the process. The next step is to establish the potential severity of the loss. This way you can determine what risks to insure against and the coverage amount needed. 

Common types of losses 

  • property
  • legal liability
  • worker’s compensation
  • company vehicle
  • Key person loss
  • Life and health
  • Business interruption
  • Business opportunity plans
  •  e-commerce insurance

Protecting your business as well as its valuables is a great financial strategy. If you need more information regarding commercial insurance, contact THINK Insurance & Financial Services at Pomona, CA  to speak to our agents.

Types of Life Insurance Available

The average consumer in the Pomona, CA area will likely have several forms of insurance, which can include coverage for their car, home, medical insurance needs, and even their small business. Another important form of insurance that all people should have is life insurance. When you are shopping for life insurance for coverage for your dependents, you will find that there are a lot of options to consider. The two main types of insurance to consider are whole and term life insurance coverage. 

Term Life Insurance

One very common form of life insurance for consumers today is term life insurance. With a term life insurance policy, you will get coverage for a certain period of time, which is typically between 10 and 30 years. The amount you spend for coverage each month is normally much more affordable than other life insurance options. However, once the term is over, you will lose coverage. Additionally, all premiums are lost and it does not provide any investment benefits.

Whole Life Insurance

People in the Pomona, CA area that are looking for life insurance should also consider whole life insurance. When you get a whole life policy, you will also be able to use it as a conservative investment option. These policies have premium payments that will partially be deposited into an account that appreciates in value over time, which can also be later liquidated.

Choosing the right life insurance policy for your situation is very important. When you are shopping for your next life insurance option, you should contact the team at THINK Insurance & Financial Services. The insurance professionals at THINK Insurance & Financial Services can help you to decipher your options to help you figure out what type of life insurance is right for your situation.