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. 

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.  

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.

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.

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. 

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.