How much life insurance should I carry

Life insurance is one of those things that is not one size fits all. Many things go into the decision about how much life insurance you should carry. If you live in or near Pomona, CA, THINK Insurance & Financial Services should be your first stop to talk about your life insurance coverage. We have agents with years of experience who know exactly the right questions to ask. 

Where are you in life

One of the first things you need to consider when it comes to life insurance is your age and your dependents. Who do you support? Who counts on your earnings? If you are young or single and no one counts on your income, you will need less life insurance than someone who has a family. Your family can take several forms, it can be a spouse, children or elderly parents. It could be a special needs sibling. You want to be able to guarantee that if you are not there to provide for the people who count on you, they will be taken care of. 

What you owe

Having considered who depends on you, you also need to consider any debt that you may have. Do you have a mortgage or credit card debt? Have you made arrangements for final expenses? The total for these needs to be added to the amount to keep your dependents covered. Now you have the basic amount of life insurance you need. While this is not a hard and fast rule. it is a place to start. 

Once you have decided that you need to add to your life insurance coverage or purchase your first insurance policy, the next step is to give THINK Insurance & Financial Services in Pomona, CA a call or stop by our office to discuss your options. 

What is Commercial Insurance and Why Do You Need It?

Commercial insurance is a type of insurance which protects businesses, the owners and even the employees. Just like with other types of insurance, different types of businesses will need different things from their insurance. Here are a few ways in which commercial insurance generally covers businesses.

In most cases, a business owner can opt for a Business Owner’s Policy. This type of insurance will often combine insurance protection for your commercial property, some type of liability insurance and even insurance which will protect you in the event that a crime takes place at your business. A representative at THINK Insurance & Financial Services can help you customize a package that is exactly right for your company’s needs.

 Why Is Commercial Insurance Important?

Commercial Insurance is important because you have invested quite a bit of time and money into starting and maintaining your business. Allowing the company to be at risk through damages, injuries and even criminal activity also put your financial security at risk as well.

There are many things which we cannot plan for, which is why commercial insurance is a good idea. You can rest assured that your investment is protected against the unknowns.

What is The Right Coverage?

The right coverage for your company may look different from the right coverage for another company. Your coverage amounts will be determined by details such as the size of your company and property, the number of employees you have, the types of services or products you provide as well as many other factors.  Other things to consider are whether or not you rent your property or own it as well as whether or not your business operates vehicles as part of daily work.

Navigating insurance choices can feel tough. That is why THINK Insurance & Financial Services serving Pomona, CA is here to help. Give us a call today to talk about your insurance options.

Health Insurance That Keeps Your Family Safe

Living in Pomona, CA can be a beautiful thing if you have high-quality health insurance protecting you and your family. Please read through the information prepared below to learn more about how we at THINK Insurance & Financial Services can help get you the coverage that you need.

Health Insurance Keeps You Safe

Even if you don’t have a job that provides your family with coverage, you need to find health insurance ASAP. Many policies are designed specifically for families to ensure maximum protection for everyone.

These policies typically utilize specific coverage options that manage health problems that are particular to families. These include elements like maternity leave and daycare options for when you’re at work.

Factors to Consider

Before you buy any health insurance policy for your family, you need to consider the following elements, such as:

  • Cost – Make sure you don’t pay too much for your plan.
  • Coverage Limits – Try to find policies that coverage elements like daycare and child health.
  • Payment Types – Do you want an area-specific plan or one that provides more coverage?
  • Stackability – Can you add other policies to your insurance plan, such as car coverage?
  • Primary Liability – Protect your family from lawsuits with liability help.

These simple considerations will provide you and your family with guidance towards finding an excellent policy. Remember: paying more for a plan doesn’t always mean that you’re getting the best coverage.

Get Some Help Today

So if you live in Pomona, CA and you want health insurance that will protect your family, please contact us at THINK Insurance & Financial Services right away to learn more. We will take the time to help you learn more about these elements and will do what is necessary to help you succeed.

Things you may not know about condo insurance in Pomona, CA

It is important for condo owners to obtain the right coverage in the Pomona, CA area through an agency like THINK Insurance & Financial Services. However, condo insurance is unique and has some differences from other types of property coverage like homeowners insurance or renter’s insurance. 

As a general rule condo insurance will cover personal property within the dwelling and the structure itself from things like vandalism, theft, or severe weather. However, condo insurance may also cover certain pieces of property that are technically owned by an association rather than the individual owner. There are also times when a condo association can expect an owner to bear the burden of certain costs or increases in fees that can be covered by condo insurance. This is very helpful as a way of helping the condo owner maintain their finances and avoid sudden and unexpected expenses from an association. It is important to check with your association to see if they have some kind of blanket policy that will common things like common areas, elevators, stairwells, shared entrances, etc. that are not clearly the responsibility of one owner. This may be explained in your association’s bylaws. 

Like homeowners insurance, condo insurance can also protect the owner from lawsuits tied to events that happen on or near the property, as well as relocation expenses if the unit needs to be temporarily evacuated during a disaster. 

To speak to a local agent that serves that Pomona, CA area, contact THINK Insurance & Financial Services. They can discuss specific policies and help you get the right type of coverage based on your condo. 

What Pomona, CA Renters Need To Know About Protecting Their Personal Property

California is a beautiful state to call home, especially the area around Pomona, CA. Living in California comes with a potential risk of natural disasters that can damage a home in its entirety. For California residents that are renting homes, this can be very devastating, as the homeowner insurance policy held by the owner will not protect the contents that belong to the renting family. THINK Insurance & Financial Services are prepared to protect your personal property today.

Natural Disaster Damage

  • Wildfire damage
  • Hail Damage
  • Wind Damage

Several types of natural disasters such are covered with a renters insurance policy. With part of California being home to a Desert and susceptible to droughts, wildfires are common throughout the state. In the event that you experience wildfire damage or hail and wind damage,  to the home you are renting, you can expect to have destroyed personal property. Whether it is from the smoke or the property actually burned, you will need to replace your belongings. The landlord will be able to repair the structural damage and any appliances that are a part of your lease. 

Relocation Coverage 

While your leased home is being renovated due to the damages it sustained to natural disaster, your renter’s insurance can cover your relocation expenses if you need to rent out a room for several days. Since you have been displaced at no fault of your own, the costs associated with your relocation can be covered with your insurance policy.

Protect Your Personal Property Today

If you are a resident living in or around the Pomona, CA area, it is time to speak with an agent at THINK Insurance & Financial Services. Come by the office or give us a call for more information. 

When Is 2019 Open Enrollment for Health Insurance?

THINK Insurance & Financial Services serves the communities in and around Pomona, CA with quality insurance services. If you are interested in purchasing health insurance at any time of the year call our agent to discuss your options. 

When is Open Enrollment for Health Insurance This Year? 

Open enrollment for health insurance in 2019 is from November 1, 2018 – December 15, 2018. If you did not purchase your insurance during this time-frame don’t fret you may be able to purchase insurance under a special enrollment period if you qualify. These plans will be active starting on January 1, 2019. 
Next year’s date for 2020 insurance will also fall in a similar time period, but they are not officially printed yet. With 2020 plans activated on January 1 of that year. 

If you were covered by your employer’s health insurance, then lost it for whatever reason, don’t worry. We can offer you coverage at any time of the year including short term plans. Discuss your health insurance options with our experienced agent to get the best plan in the time-frame you need. You can still avoid tax penalties for not having insurance this year if you have a valid reason for not purchasing during the open period or for losing the policy you did have. Do not leave yourself unprotected in case of a medical emergency come in to discuss your needs as soon as possible, or call today. 

THINK Insurance & Financial Services is your Pomona, CA resource for insurance services we can provide all of your insurance needs including health, renters, car, commercial insurance, and more. 

 

Renter Insurance for College Students and Other Renters

Going off to college and getting your first apartment is an exciting time. Family and friends may help out with the move and the expenses, yet one important thing may easily be overlooked. That is the protection of personal property with renters insurance. This is “must-have” insurance for those that are moving into a place that they rent or into the college dorms. It is easy to get this insurance with the help of your agent at THINK Insurance & Financial Services, serving Pomona, CA and the surrounding area.

Risks of Shared Spaces

Just think about it for a moment. Most students have expensive laptops, smartphones, televisions, or other valuable electronics. All of that personal property is at risk if not covered by insurance. With all the goings-on in the dorms and shared-apartments, there is ample opportunity for a bad person to steal something when a student is not home.

It is a good idea to have a lock on the door for a student’s room in a shared space; however, that will not stop a roommate who shares the room from entering and inviting someone else.

Burglary Loss Protection

Getting renters insurance provides peace of mind that there is some protection against a major loss that could cause a financial hardship for a student or any renter for that matter. It is a horrible feeling to come home to an apartment that has been cleaned out by a burglar. After a burglary, when you ask the neighbors if they saw anything, they may say that they heard stuff but that they simply thought you were moving out.

Burglars are becoming more brazen and may rob a place during the day even when seen by other people while doing it. It is very easy for a burglar to know when a student is not going to be home by observing their class attendance at school.

What To Do for Your Protection

If you are a student or renting an apartment for the first time, don’t wait for your parents to tell you about rental insurance. Instead, talk with your insurance agent at THINK Insurance & Financial Services in Pomona, CA by giving them a call at 855-484-4654 or using the convenient online form.

Get your rental insurance set up and then tell your parents what you did. It is likely that they will be impressed with the wise decision, which you made as an independent young adult, to get renters insurance.

Top 3 Tips for Purchasing Condo Insurance

Moving into a new condominium in Pomona, CA is exciting, but how do you know how much insurance coverage to purchase? Our THINK Insurance & Financial Services team has compiled this list of the three top tips for purchasing condo insurance.

Tip #1: Look Through Association and Master Policy Documents Carefully

The most important thing to do when purchasing condo insurance is to look through the association and master policy documents carefully. Each one is different and what one complex might deem as a covered component could be completely different at a different property. Clearly determine what you’re responsible for and what the association is responsible for prior to purchasing your policy.

Tip #2: Determine How Much Personal Property Coverage You Need

The next tip is to clearly determine how much personal property coverage you need. Consider a scenario where you had to replace every single item you owned—from your toothbrush and clothing all the way to your 80-inch HDTV. Use this figure to estimate an appropriate amount of personal property coverage. If this still doesn’t seem like enough, consider adding floaters and endorsements to your policy to cover specialty items like guns, jewelry, artwork, or computers.

Tip #3: Decide If You Want Optional Coverages

Another tip? You should also decide if you want optional protection like earthquake or sewer backup coverage. Flood insurance is also extra and not included in a basic condominium policy. These extra safeguards could keep you from having to pay out of pocket costs if there’s a major disaster or a drain backup in your condo community.

At THINK Insurance & Financial Services, we’re here to help Pomona, CA residents with all of their auto and condominium insurance needs. Please call us today to schedule an appointment.

 

Protect your equipment with a comprehensive commercial insurance policy

Are you a business owner in the greater Pomona, CA area? Does your commercial insurance policy provide the level of protection that you need? The team at THINK Insurance & Financial Services is here to help you determine the appropriate level and type of commercial insurance that your company should carry. Property insurance will provide coverage of your equipment, but these policies often contain policy limits in the amount of coverage and protection that they provide. Don’t wait until you have a loss to find out if you have the right insurance for all of your commercial needs!

Equipment protection through a property and supplemental insurance

When your business is involved in manufacturing or you have specialized equipment that is necessary for your firm to function, its value may exceed typical policy limits. Policy limits represent the maximum amount of protection that the policy can provide in the event of a covered loss. If your equipment value exceeds that amount you can bridge the gap with a supplemental or umbrella insurance policy. Comprehensive commercial insurance policies are sometimes sufficient for companies whose equipment does not exceed policy limits in their value. If you are unsure how comprehensive your property insurance policy is, and if it adequately meets your needs, it’s time to sit down with a professional agent and make sure. Owning a business is a lot of work and requires a lot of sacrifices, don’t let inadequate insurance cause an even more severe loss in the event of loss or damage.

Is it time for you to have a comprehensive review of your commercial insurance policies? If you are in the greater Pomona, CA area, the team at THINK Insurance & Financial Services is here to provide the information you need about available commercial policies.

How to Choose a Life Insurance Policy

If you know that now is the time for you to get a life insurance policy, you are likely wondering how you should go about picking one out. There are a lot of different options available in the market. However, you want to make sure that you have the right amount of coverage first. Once you know that, you can better determine the type of policy. In fact, choosing how much you need is the most difficult part. Use these tips from THINK Insurance & Financial Services, serving Pomona, CA, to get started. 

  • Get enough to cover your debts. The first thing you want to consider is how much debt you have. You do not want to burden your family with these debts so it is best to make sure you can cover the amount with your life insurance policy. 
  • Get enough to cover funeral costs. Funeral costs are increasing more and more and this is another thing that you do not want to burden your family with. Make sure you know how much you need to cover your own funeral so your family can focus on your memory instead of the money. 
  • Get enough to help your family. If you have children, a spouse, or both, you likely want to be able to provide for them even after you are gone. This is something that you can do with life insurance. How much coverage you want to leave for this can depend on your goals but you do want to include this.

Now that you know how much coverage you need, you can start to choose the right policy. We can help you with that here at THINK Insurance & Financial Services, serving Pomona, CA. Reach out today to get started and to explore all of your options. We can even get you a free quote.