Renters insurance is valuable coverage that protects you in the event of loss, damage, and theft. To ensure a smooth process when making a renters insurance claim with THINK Insurance & Financial Services, serving Pomona, CA, use the following tips.

1. Maintain an Inventory

As soon as you move into your rental unit, take an inventory of your possessions. An easy way to do this is to video everything around each room. Remember to include hidden items inside closets and drawers, paying special attention to valuable items. Get a photo or video of your sports equipment, such as bicycles, skis, etc. Do the same with any rental storage unit you own. When you make a new purchase, photograph it or create another video.

2. Keep Receipts

Keep receipts for any new, valuable purchases you make. Scan the receipts and organize them into a folder on your hard drive. This will make sending the digital file to your insurance company representative easy.

3. Report Theft to the Police

If your loss involves a theft, your insurance company may require you to have a police report. Be sure to report the theft and get a police report, even if you feel the police won’t be able to track down your items.

4. Obtain Surveillance Video

Your rental manager may have outside surveillance video that could have captured the theft on tape. Ask to see the video and obtain a copy, if possible. This could be an essential support piece for your renter’s insurance claim. If you can’t get a copy, let the insurance company know it exists.

Your insurance representative at THINK Insurance & Financial Services, serving Pomona, CA is happy to help you with your renter’s insurance claim questions. Contact us today to learn more.

The rise of short-term rental platforms like Airbnb has opened up new opportunities for condo owners to earn extra income by renting out their units in and around Pomona, CA. However, this trend also brings about unique insurance considerations that condo owners must carefully navigate. Renting out your condo on Airbnb can lead to potential coverage gaps and implications for your insurance policy. 

Coverage Gaps and Condo Insurance

Traditional condo insurance policies are designed to cover owner-occupied units, which means they may not adequately protect you when you engage in short-term rentals through platforms like Airbnb. Here are some coverage gaps to be aware of:

• Liability Coverage: Most standard condo insurance policies provide liability coverage for injuries or damages within your unit, but there may be additional liability risks that your policy may not fully cover.
• Property Damage: If a guest damages your condo during their stay, you may not have sufficient coverage for the repairs or replacements required.
• Loss of Income: Short-term rental cancelations may not be covered.

Options for Short-Term Rental Coverage

Recognizing the evolving landscape of short-term rentals, insurance companies are offering solutions to help condo owners bridge the coverage gaps:

• Endorsements or Riders: These endorsements typically provide enhanced liability protection and may cover property damage caused by guests.
• Commercial Host Insurance: This policy can offer comprehensive coverage for liability, property damage, and loss of income related to your Airbnb activities.
• Vacation Rental Insurance: Vacation rental insurance is tailored for property owners who rent their units short-term. This type of policy may offer more comprehensive coverage.

THINK Insurance & Financial Services Can Help You

At THINK Insurance & Financial Services, we can answer all your questions concerning condo insurance. We assist the Pomona, CA region. Contact us today.

Having a family means having people who depend on you. You need a good life insurance policy when you need to leave something behind after you’re gone. There are two main types of these policies. Each of them has its pros and cons. Leaving loved ones behind with financial burdens isn’t what you want to do, and life insurance can help. When you want a policy of your own, call us at THINK Insurance & Financial Services in Pomona, CA.

Whole Life Insurance 

This type of life insurance is popular with those who want to have ownership over their policies. When you get a whole life policy, the policy stays good for as long as you continue paying for the policy. It doesn’t expire. When you have this policy, you can get coverage that the company can’t cancel if you keep making the premiums. With the other type, the policy expires. Many people like that you don’t ever have to get a new policy, no matter your age. These policies also have a cash value built up over the years. The policyholder can borrow that amount if they need it. This gives many people extra peace of mind. 

Term Life Insurance 

This type of insurance has an expiration date. It stays good for the number of years written into the policy. The tradeoff to this is that these policies can be very inexpensive. When people struggle to include life insurance in their budgets, they often choose term life insurance because of its affordability. A low monthly payment can mean coverage for people who otherwise couldn’t afford life insurance. 

Get Covered with Life Insurance

When it’s time for you to choose a life insurance policy, we’re here to help. Call us at THINK Insurance & Financial Services in Pomona, CA. 

If you have a business in California, you know how many rules and regulations there are. There are rules for everything, and the types of business insurance you get are no exception. Two types are required for many businesses to have if those businesses meet the qualifications. There are also many other types of business insurance that you may need, but that isn’t required. Policy types like cyber insurance and commercial real estate insurance may be needed for your specific business. Call us at THINK Insurance & Financial Services in Pomona, CA to get started with a commercial policy.

Workers’ Compensation

This is a type of insurance that comes in very handy for both employers and employees. If your California business has any number of employees, even just one, you’re required to have this insurance for them. This is true for both full-time and part-time employees. This coverage pays for the medical bills from a worker being injured while working. It also covers them against getting any work-related illnesses. Without this coverage, your business could owe an enormous amount in medical bills. And for employees, it ensures that money is available for their injuries if they should have an accident. 

Commercial Auto

This insurance type is required for any California business that owns a vehicle of any type. There are a few amounts required to be in this policy. These are an amount for property damage liability, an amount for one person who has injuries from an accident, and an amount that is for everything who becomes injured. In California, these amounts are extremely low, so adding to the minimum coverage for better protection may be a good idea. 

Get Commercial Insurance 

Call us at THINK Insurance & Financial Services in Pomona, CA for your commercial policies. 

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.

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.

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.

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. 

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.

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.