Renting a home or an apartment in Pomona, CA can be a wise decision if you can’t afford to buy. However, you should probably consider getting renter’s insurance, except for a few specific circumstances. The following situations are the few moments when we at THINK Insurance & Financial Services think that renter’s insurance isn’t right for you.

Times When You Shouldn’t Get Renter’s Insurance

Most of the time, renter’s insurance is a wise investment. However, some people may be in situations that doesn’t require it. Here are a few situations in which renter’s insurance may not be necessary.

• Your Living Situation Is Temporary – While renter’s insurance isn’t costly, people who are living in a rented area for a short period probably shouldn’t get renter’s insurance.
• Your Funds Are Limited – People who don’t have a lot of money to spare on extra insurance coverage should probably avoid getting a policy.
• Your Landlord Is Shady – Running into a landlord who you can’t trust is always a frustrating and annoying situation. If yours is shady, renter’s insurance might not be wise because they may try to complicate the procedure.
• Your Landlord Already Has A Policy – If your landlord has taken out a renter’s insurance policy for all of their apartments, you may be covered. Remember, though, that their general building insurance won’t cover your belongings. Talk to them about their policies to learn more.

When Renter’s Insurance Is A Great Idea

Except for those rare situations, renter’s insurance is always a great idea. It provides you with high-quality coverage of your belongings and keeps you from losing everything is a fire, flood, or other disaster affects your apartment or home.

Get The Coverage You Need

At THINK Insurance & Financial Services, we help people in Pomona, CA and the surrounding area get the coverage that they need. If you are renting a home or an apartment and want to avoid total loss, renter’s insurance is a necessary step in the right direction for you.

Buying a condo can be a great long-term investment.  When you do purchase a condo, there are several factors that need to be taken into consideration to ensure your investment is properly protected.  One important decision to make is when you are choosing a new condo insurance policy.  Condo insurance is very important as it will provide you with a variety of different types of protection and coverage.

Liability

One of the most important types of protection that a condo insurance policy will provide you with is liability insurance protection.  Whenever you have a guest over to your home, you are taking on liability in the event that person is injured while on your property.  When you purchase a condo insurance policy, you will receive support for these claims.  Also, when you have a liability insurance policy in place, you will receive coverage if your property has a leak and causes damage to another unit in your building.

Personal Property

The condo insurance policy will also provide you with coverage for your personal property. When you have condo insurance in place, you will receive coverage in the event your property is damaged or destroyed by a fire, natural disaster, or other calamities.  It will also provide you with coverage for your personal belongings in the event they are destroyed, stolen, vandalized, or otherwise harmed and you incur a loss.

When you are looking for your next condo insurance policy, a great place to start is with THINK Insurance & Financial Services. THINK Insurance & Financial Services is well experienced in helping Pomona, CA condo owners find a great insurance policy that meets their needs.  The company will be able to provide consultation services to ensure you understand what types of coverage should be included in your policy.

Because of the many changes that are rapidly happening in the healthcare industry, many people are aware that they can now purchase health insurance in the marketplace. In the past, it was more difficult to find insurance not related to employment.  If you live in Pomona, CA you may already have an insurance policy through THINK Insurance & Financial Services.

Just like with the insurance an employer provides, health insurance provided through the marketplace also has an open enrollment period. That means that there are normally only certain times when policyholders can add coverage or add dependents. For instance, open enrollment for the 2018 marketplace ended on December 15, 2017.

Fortunately, there is what is called a special enrollment period which can happen at any time for individuals who are going through certain kinds of life in certain circumstances. There are several life events which can qualify an individual for special enrollment: getting married, at which time one spouse may want to drop coverage and another may want to add the new spouse and/or children; giving birth, adopting a child, or placing a child in foster care; getting divorced or legally separated and losing coverage as a result; if someone who is part of a policy dies during the year, you may be eligible for special enrollment if it affects your coverage.

Failure to carry health insurance can cause you to be liable for penalties, but more importantly, it means that you may not be able to get the healthcare you need for yourself or a loved one. If you are in Pomona, CA, call THINK Insurance & Financial Services to learn about all your health insurance choices.

Recreational insurance is for those with physically active lifestyles who enjoy the outdoors. This type of insurance offers protection for using all-terrain vehicles (ATVs), and “extreme” sports, such as rock-climbing, bungee-jumping, sky-diving, scuba-diving, skiing, snowboarding, surfing, wind-surfing, and more.

This special insurance covers accidents while participating in those sports, which are normally excluded activities in other insurance policies. It is important to check with your agent at THINK Insurance & Financial Services, serving Pomona, CA and the surrounding areas, to be sure you have adequate coverage if you participate in certain recreational activities.

Your agent can help you understand the details of what extra coverage you need and explain the exclusions that exist in your current insurance policies regarding certain physical activities that are considered more dangerous than normal routine lifestyles.

Even senior citizens need to consider this because as the aging of more and more American baby-boomers shows; many older adults are remaining very active in their later years. They might try sky-diving for the first time when they are in their seventies! There is no reason not to live life to the fullest and enjoy all the fun things that can be tried at any age. It is just important to make sure insurance coverage is adequate for any unexpected catastrophes that might occur.

When participating in extreme sports, typically the company offering the experience asks customers to sign a waiver agreement that removes their liability if something goes wrong. For example, you may not have any coverage at all from that company and have waived your rights to sue a company offering bungee- jumping, if the cord breaks. This is the kind of thing that may be covered by recreational insurance. This type of insurance is usually available on a permanent basis or for trips of a shorter duration when participating in these activities, such as when visiting an eco-adventure park. It can be general coverage or related just to some specific activities.

Contact your agent at THINK Insurance & Financial Services serving Pomona, CA to discuss all the details about recreational insurance before participating in any risky activities.