Is Home Insurance an Asset?

Posted on August 30, 2022August 22, 2022 by AgentInsure

Owning a home in Pomona, CA is a goal that every resident dreams about. Therefore, any homeowner must solicit profound policy to safeguard their home and the content stored in them in case of imminent disasters. Unfortunately, most homeowners in Pomona, CA, think of a policy after any impending peril like a fire ravages their house. Home, being one of your most precious assets, requires formidable protection. At THINK Insurance & Financial Services, we offer top-notch home insurance policies that will shield your home while at the same time suiting your needs and budget. Our home insurance policy is a worthwhile asset as it provides the following benefits but is not limited to:

Provides liability protection: Purchasing home insurance from THINK Insurance & Financial Services will cushion you from impending lawsuits and medical bills from third parties. It caters to any alleged property damage and infliction of injuries to other people from the policyholder and family members.

Asset protection: Home insurance protects your house and detached structures. When a given calamity strikes and ravages your house, home insurance caters for the reconstruction or repair of your home and other facilities and personal belongings stored in them in case they are stolen or destroyed by a calamity stated in your policy.

Inculcates peace of mind: Have you ever thought about how much money you have invested in building or buying a home or the exclusive furniture and other home appliances in your house? Knowing that your home and family are safeguarded against calamities is always comforting. Financial constraints that crop up from losing your home can be detrimental. Home insurance from THINK Insurance & Financial Services shields you from such fears.

Are you a homeowner in Pomona, CA, searching for relevant home insurance? Don’t hesitate to call or visit our THINK Insurance & Financial Services agents to get well-customized home insurance coverage.

Tips to Help Prevent Accidents When the Roads Are Wet

Posted on August 22, 2022August 22, 2022 by AgentInsure

At THINK Insurance & Financial Services, we provide auto insurance to residents in the greater Pomona, CA area. We have seen our fair share of accidents caused by rain and slick roads, and we want to help our customers stay safe if they travel when the roads are wet. Here are a few tips that may help prevent accidents when the roads are wet.

Ensure Your Tires Have Enough Tread on Them

One of the best tips to keep you safe when driving on slick terrain is ensuring your tires have enough treads. If your tires are worn down, they cannot grip the road either, leading to slipping and sliding. If your tires are nearing the end of their lifespan, replace them before the rainy season.

Slow Down and Drive Properly For the Conditions

Another tip to help prevent accidents while driving when the roads are wet is to slow down and drive appropriately for the conditions. Never speed in the rain, as this can lead to an accident. If you have trouble seeing or navigating in the rain, drive slower than the suggested speed limits.

Keep More Distance Between Cars and Avoid Heavy Braking

Lastly, when driving in the rain or on slick roads, ensure you keep enough distance between cars and avoid heavy braking. You need more space to brake on slick roads, and heavy braking can lead to your vehicle sliding on wet roads.

One of the best ways to stay safe when the roads are wet is to avoid driving unless you have to. If you have to drive on slick roads, always follow the above tips to help you stay safe. If an accident does occur, having excellent auto insurance is important. The staff at THINK Insurance & Financial Services, serving the greater Pomona, CA area, can help you with the best auto insurance for your needs. Call or email us today to learn more.

How much motorcycle insurance do I need to legally drive in California?

Posted on July 20, 2022July 20, 2022 by AgentInsure

California motorcyclists must meet state minimum insurance requirements just like motorists to legally drive their motorcycles. THINK Insurance & Financial Services is dedicated to helping Pomona, CA motorcyclists obtain the necessary insurance.

California State Insurance Requirements

Motorcyclists must carry motorcycle liability insurance that meets California’s state minimum requirements. Minimum state requirements must be adhered to in the state of California to legally drive your motorcycle. The current minimum insurance requirements include $15,000 per accident per person for death and injury and $30,000 per accident for death or injury for multiple people. Motorcyclists must also carry $5,000 in insurance coverage for property damage.

Other Considerations…

Liability insurance will only cover damage to other people’s property and other people’s injuries, not your own. You will need to purchase additional insurance to cover damage to your motorcycle and any injuries you sustain while operating your bike.

Underinsured/Uninsured Insurance

If you’re in an accident and you’re not at fault, there’s a chance the other motorist may be underinsured or uninsured. Suppose your injuries or damage to your motorcycle exceed a specific limit. In that case, the other motorists may not have enough insurance to fully pay for damages to your property, bike, or any physical injuries you may sustain. Investing in underinsured or uninsured insurance will cover any damage or injuries you may support from drivers that are underinsured or uninsured.

If you have questions about how much insurance you should purchase to legally drive your motorcycle in the state of California, give us a call. Please invest in the coverage that will best fit you and your situation. Our team at THINK Insurance & Financial Services is here to help Pomona, CA motorcyclists get the insurance coverage they need.

What are the benefits of life insurance?

Posted on July 20, 2022July 20, 2022 by AgentInsure

Life insurance is a practical and beneficial investment for several different reasons. Not only does it have the ability to pay for any final expenses, but it also fulfills future and immediate needs. Our Pomona, CA team at THINK Insurance & Financial Services understands that many people are unaware of the number of benefits life insurance can provide.

Final Expenses

Obviously, life insurance pays for burial, cremation, medical expenses, and other costs associated with final expenses. Most people understand that life insurance pays for final expenses. However, the benefits don’t end there.

Federal/State Taxes, Replacement Income, and Debt

Believe it or not, life insurance can also replace the income of the deceased person, pay off debt, and pay estate taxes. However, our THINK Insurance & Financial Services team can discuss any relevant fees/taxes with beneficiaries or potential life insurance buyers. If you’re the primary breadwinner, your family will suffer financially due to your death. Life insurance can replace your income to ease the financial burden that your death would create. Your life insurance payout can be used to pay for debts as well. Your beneficiary or beneficiaries can use your life insurance in any way they see fit.

Inheritance

Life insurance can also be used to gift beneficiaries money in the form of an inheritance. A beneficiary can be chosen as an heir to receive your death benefit by simply listing the person as a beneficiary on your life insurance policy. You can also decide to record a charitable organization as the beneficiary of your death benefit. Life insurance can be used in many different ways and has many benefits. If you’d like to know more about life insurance, call our team at THINK Insurance & Financial Services. We’d be happy to answer all of your questions.

How does home insurance help if someone is hurt on my property?

Posted on June 16, 2022June 16, 2022 by AgentInsure

Home insurance is an integral part of owning a home. It helps protect you and your family in a disaster, such as a fire or a burglary. It also helps protect your property from damage or loss caused by natural disasters or accidents. Today, we at THINK Insurance & Financial Services of Pomona, CA want to show you an essential area of home coverage some people may not be aware of: personal liability.

You may be familiar with the term "liability" when it comes to auto insurance. It’s the protection your auto insurance policy provides if you are involved in an accident, someone is injured, or property is damaged. Personal liability is similar when it comes to home insurance.

Personal liability home insurance covers legal costs and damages if you are found responsible for causing harm or damage to someone else. It is a standard part of most homeowners insurance policies. It covers not only if you are sued for injuring or damaging someone else but also incidents like dog bites. Furthermore, this coverage extends to damage caused to someone else’s property by someone in your household.

With this type of coverage, everyone in your home is protected. That includes pets and children.

Do You Need Personal Liability Home Insurance?

Some homeowners choose to forgo home insurance all together. This is not a good idea. Going without proper protection could leave you with a financial burden if you are liable in a lawsuit.

A final note: Most mortgage lenders require that you carry home insurance. Even if you take the minimum hazard insurance required by your lender, the policy will likely have personal liability coverage. However, making sure with your insurance agent is a good idea.

If you need home insurance in Pomona, CA, contact the experts at THINK Insurance & Financial Services.

Three commercial insurance lines your business needs

Posted on June 16, 2022June 16, 2022 by AgentInsure

Owning a business is hard. Not only does it mean long hours and no vacation, it means there are multiple risks you are facing that can cause your business to fail. Three-quarters of all companies will not survive to see their 15th anniversary. In Pomona, CA, THINK Insurance & Financial Services wants to give your business the best chance of surviving. Commercial insurance protects your business from some of the most severe risks that most companies face.

Commercial liability insurance

About one in three businesses get sued every year. That is a pretty scary statistic. Your risk is great; if you are involved in legal action, it can be costly and tank your business. You could be sued by a client, customer, employee, or vendor. Commercial liability insurance can help you survive when the worst possible thing happens. Your business needs to have this vital coverage.

Commercial property insurance

Many perils affect businesses. It can be weather-related, fire, or theft. With commercial property insurance, it is not just about the physical structure. It will cover the building if you own the location, but it is still beneficial for renters. It covers the things that you use every day to operate your business. It can be computers and electronic equipment. It covers your tools, display units, machines, inventory, and raw materials. You can’t operate without these things.

Business interruption insurance

You won’t be making any money when your business is closed because of a covered peril. It is hard to pay your regular bills and payroll when your income is cut off. This insurance provides the funds to tide you over until you are back in business.

Contact THINK Insurance & Financial Services in Pomona, CA for a consultation on your business and the risks you face. We offer no-obligation quotes.

Terms you need to understand before you choose health insurance

Posted on May 17, 2022May 17, 2022 by AgentInsure

Choosing the right health insurance policy is one of the most important decisions you make every year. Whatever you choose will provide your coverage for an entire year, and if you make a terrible choice, you need to live with it. A wrong choice can be almost as bad as not having any health insurance coverage. At THINK Insurance & Financial Services in Pomona, CA, we understand health insurance, and we will sit down so we can get to know you as well.

Network

All health insurance carriers have a network of providers contracted to provide services at a predetermined price. Depending on the type of policy you choose, you may have to use services only within the network if you want your health insurance to cover the service. If you have providers you prefer, such as your primary care physician, you must look at the providers in the network to make sure your favorites are included. It is not just doctors either. It is hospitals, urgent care, and labs as well.

Deductible

The deductible is the amount you must pay for covered services before the health insurance starts to cover those services. A high deductible policy will be more affordable, but you may never reach the deductible. It is something that needs to be considered carefully.

Co-pay

Once you have met your deductible, the co-pay is the amount you are required to pay for a service. It may be $20 for an office visit or 20% of the covered service. Read your policy details carefully. This is one area where there can be many different options, and not all of them are good options.

Contact THINK Insurance & Financial Services in Pomona, CA to discuss your health insurance needs.

Things to do to get your vehicle ready for summer

Posted on May 17, 2022May 17, 2022 by AgentInsure

With more than 24,000,000 licensed drivers in California, chances are you will have plenty of company when you decide to hit the road. Pamona, CA is located in densely populated Los Angeles County.

At THINK Insurance & Financial Services, we are one of California’s largest independently owned insurance agencies. We are committed to providing our customers with the service and prices they are looking for.

With summer just around the corner, it is time to start preparing for all the driving that comes with summer. You want your car to be at its best and, most of all, to be safe.

Check your tires

If you plan on enjoying the road during the summer, it’s vital that you make sure that your tires have enough tread to get you safely through your trips. If your tires show signs of wear, make an appointment to get new ones installed. Make sure that you have a tire pressure gauge, a pump, and a can of Fix a Flat in your trunk. Check to make sure you have a spare tire and a jack.

Get the air conditioner checked

Making sure that your A/C is working well will keep you from having some very uncomfortable trips. You should get your unit checked yearly.

Replace your windshield wipers

Nothing is worse than being caught in a rainstorm with faulty wipers. It can be hazardous.

Check all your fluids.

Ensure that your radiator is filled and that your oil, transmission, and steering fluids are all topped off. This should all be taken care of as part of a visit to your local oil-changing business or auto dealership.

Contact THINK Insurance & Financial Services in Pamona, CA if you want the benefits that only an independent insurance agent can provide.

Important exclusions to understand in your renters policy

Posted on April 28, 2022April 28, 2022 by AgentInsure

Like a homeowner, a renter must carry an insurance policy to protect against liability claims and their belongings. While shopping for a renters policy, it is critical to understand some of the main exclusions in your policy. Below is a list the agents at THINK Insurance & Financial Services put together of the coverages you should be aware might be excluded from your renters’ insurance policy.

Earthquakes

Most people assume an insurance policy covers a natural disaster such as an earthquake, but in reality, they are often excluded from renter insurance policies. Residents in the Pamona, CA area may have particular concerns about earthquakes. It is critical to understand if you have coverage under your policy.

Valuables

While a renters’ policy should cover most of your personal property, some items might be excluded, and you will need to ask for coverage specifically. Items typically excluded are considered valuable, such as computers, jewelry, and fine art.

Roommate coverage

Do not make the mistake of assuming that your policy will cover both your and your roommates’ property. If you want your roommate covered under your insurance, you will want to add them to the policy and make sure their property is listed as insured.

Dog bites

While some insurance companies provide coverage for harm caused by a dog, such as a bite, it is vital to confirm that you have the coverage. It will be crucial to make sure your policy provides coverage if you have a dog considered an aggressive breed, such as a pit bull. Even insurance companies that provide coverage for pets often exclude certain breeds.

If you want to learn more about what is covered under a rental insurance policy, reach out to an agent at THINK Insurance & Financial Services today. We proudly serve the Pamona, CA area.

Earthquake insurance and your condominium

Posted on April 15, 2022April 28, 2022 by AgentInsure

California has almost 16,000 known earthquake faults, and earthquake insurance is not included with a standard condominium insurance policy. If an earthquake damaged your condo, you would not have any compensation to make repairs if you do not have an additional earthquake policy.

THINK Insurance & Financial Services in Pomona, CA, could be the insurance company that helps you with your earthquake policy because we care about giving you the additional coverage help you need as soon as possible because you need this to have a standard condominium homeowner’s experience. Call them today to get the help you need with your policy.

This residential earthquake insurance additional coverage offers:

repairs to your condominium
living expenses for alternative housing while repairs are being made to your condominium following an earthquake
replacing contents damaged by an earthquake

You would not pay your deductible yourself to receive payment on an earthquake claim. It would be taken from the compensation for the damages to your condominium, so you would not need to pay a deductible upfront.

You could also buy a Building Property optional coverage that protects built-in items of your home, such as appliances, fixtures, and wall-to-wall carpeting.

You may get the Loss of Use coverage, which is optional, that pays for living expenses if earthquake damage to your condominium or an order by a civil authority after an earthquake causes you to need to live elsewhere. There is no deductible for this additional policy type.

Call THINK Insurance & Financial Services in Pomona, CA, to get the help you need with this additional earthquake policy.

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