How Home Insurance Protects You

Owning a home is a great way to put down roots and to build wealth over time. However, it’s important that you always have it covered by a home insurance policy, or you could lose what you have. If you own a home and need a home policy, give us a call today at THINK Insurance & Financial Services in Pomona, CA.

Dwelling Insurance 

Home insurance covers your dwelling so that you can get certain damages paid for and repaired. When there is a serious incident that results in damage being done to your home, it can be so expensive to fix that you may not be able to get any work done to it. But with this insurance policy, all of that work can be done, and your house can get back to the way it was before. 

Belongings Coverage

If your home is damaged by a covered incident, it gets paid for. But, what if your belongings inside it are also damaged? There are many accidents and other situations that can damage your possessions. When this happens, your home insurance will pay to replace the items that were ruined or to fix items that are damaged. This coverage is important for being able to afford to get your items back again.

Lifestyle Protection

If your home were to be seriously damaged so that it is no longer inhabitable, your home insurance policy will pay for you to move elsewhere while the repairs are being done. This keeps you living your lifestyle instead of having to stay in an unlivable situation in your damaged home. 

Get Your Home Coverage

If you are a homeowner, it’s important to have a good home policy in place to protect yourself and your home. Give us a call at THINK Insurance & Financial Services in Pomona, CA.

Do I need auto insurance in Pomona?

People in the Pomona, CA area will find there are a lot of great activities to enjoy at any time. When you are looking to maximize your experience in this area, a great option is to get a car. If you are a vehicle owner here, you can find that it will be easier to get around the community. When you want to get a car, you also need to have auto insurance. This is needed for a few reasons.

Coverage Protects Vehicle Owner

A great reason to have auto insurance is to protect you and your vehicle. When you are going to invest in a car, it will be something that you want to enjoy for a long time. A proper auto insurance plan can help ensure this happens. With this coverage, you will have the support needed to repair or replace your vehicle if you incur a loss. 

Insurance is Required by Law

You also should get auto insurance as it is a legal requirement. When you buy a car and drive it on a public road, you are required to carry liability insurance. This form of coverage offers support if you are at fault in an accident. As it ultimately protects all other motorists as well, the state requires all vehicle owners to carry auto insurance. 

If you are a vehicle owner in the Pomona, CA area, you will want to know that you have the right insurance in place. A great way to ensure you have proper protection is by calling THINK Insurance & Financial Services. There are a lot of choices to make and THINK Insurance & Financial Services can help you evaluate your needs and options. With this support, you will be able to select a plan that is ideal for your situation. 

4 Benefits of Life Insurance

Life insurance is essential in safeguarding your loved ones in Pomona, CA financially if a tragedy strikes. Regrettably, many Pomona CA residents go without it with the notion that they can’t afford it. The instrument role of life insurance is to assist in providing your loved ones with financial protection upon your unexpected death in exchange for prompt payment of premiums you submit to your insurer during your lifetime. Many residents of California overestimate the cost of life insurance. Let our THINK Insurance & Financial Services situated in Pomona, CA agents assist you in tailoring prolific coverage that can go a long way in protecting your loved ones when your untimely death strikes. Acquiring salient life insurance can be beneficial in the following ways.

Provides peace of mind: Death is an unexpected occurrence that can strike any time. Having magnificent life insurance instills peace of mind. This instilling of peace of mind is so because if the policy bearer unexpectedly meets their death, they get reassurance that their family and loved ones will possess a financial safety net.

Pay for your burial expenses: An untimely death comes with challenges of catering to the funeral expenses, especially if you have inadequate savings. In most cases, this scenario manifests itself as a substantial financial burden. Beneficiaries can utilize income generated from a life insurance policy to cater to burial expenses with ease

Cover debts: Imagine what could happen if you didn’t provide another paycheck for your family upon your death? Beneficiaries could use the savings emanating from your policy to clear essential expenditures, including paying an outstanding mortgage or college tuition for their kids. It’s employed to settle debt, like credit card bills or prevailing car loans.

Cushion your dependents: Your loved ones stay shielded due to the guaranteed income they get regularly. This income(death benefits) helps settle all loans and other prevailing expenses like house rent, accrued telephone bills, and electricity costs.

There is no debate that life insurance is an absolute necessity. It minimizes risk and acts as a protection tool that must get procured without any thought. Call or visit our THINK Insurance & Financial Services in Pomona, CA to get detailed information about life insurance coverage.

Should You Have Motorcycle Insurance All Year Round?

Owning a motorcycle in an area that snows or get icy in winter means you will likely not be riding during that season. Insurance in winter is typically handled by motorcyclists through reducing coverage, increasing the deductible, or simply canceling your policy. But, these options can cause changes in your insurance that may not be beneficial. Some insurance companies offer special motorcycle storage policies that can cause certain parts of your coverage during winter. 

The expert insurance agents at THINK Insurance & Financial Services of Pomona, CA have helped countless individuals with their motorcycle insurance needs year-round. If you are planning to store your motorcycle in the winter, we can assist you with different coverage options.

Year-Round Coverage Details

Maintaining consistent insurance on your motorcycle throughout the year has benefits. Canceling your insurance may have adverse effects that add costs and interrupts coverage. Keeping your coverage could save money in the long run. Some factors to consider when canceling your insurance: 

  • Consistent protection – Even though you may not ride your motorcycle in winter, there are still reasons to keep coverage. Theft and damage can still occur while your vehicle is parked or stored.
  • Fees and penalties – If you cancel your insurance early, there may be fees and penalties you need to pay. Many companies require one-year terms and interrupting this agreement will add penalties.
  • Canceled by a company – Some insurance companies may refuse to insure you if they find a pattern of canceling every year. You will need to find another company for new insurance and this can add extra costs.

Quality Motorcycle Insurance in Pomona, CA

Contact THINK Insurance & Financial Services of Pomona, CA to get a hassle-free motorcycle insurance quote. Our team will be happy to answer any questions you have about your coverage options. We work hard to find the best insurance products for our customers at affordable prices. Give us a call today to find out more.

Pitfalls to Avoid When Getting Commercial Insurance

Whether you are getting commercial insurance for a start-up or upgrading your policy, mistakes can be difficult to spot, leaving your business with serious consequences. If you need commercial insurance within Pomona, CA, THINK Insurance & Financial Services can help with this. Below, we discuss common pitfalls to avoid keeping your business safe.

Failure to Read Your Policy Terms

Commercial insurance comes with various policy terms, with numerous requirements specific to the types of coverage chosen. If, for instance, your employees are involved in an accident, your commercial auto policy will likely cover damages and injuries sustained during business operations rather than the harm caused by misuse of business vehicles. Other policies also cover specific perils such as theft and vandalism instead of damage arising from earthquake-related events. Due to these conditions, ensure you understand your policy terms before signing up for your cover.

Buying Insufficient Coverage

Commercial insurance policies may seem like a considerable amount to sign up for, creating the temptation to drop a few policies during a purchase. This, however, results in insufficient coverage since numerous assets will lack the proper protection. Make it a point to get coverage for your building, customers, and employees for a successful business venture. In addition to this, getting liability policies will keep you safe from general claims like slander and libel that businesses also face.

Failure to Review Your Policy

Business needs are likely to change as time goes by, with new employees and equipment acquisitions calling for a policy review. Without this, your compensation would be inadequate to cover your assets when emergencies arise, forcing you to dig into your revenues to offset your ensuing expenses. Preventing this can be made possible by a policy review, helping you get updated coverage for your business.

To get quality coverage for your Pomona, CA business, call THINK Insurance & Financial Services today for commercial insurance suited to your everyday needs.

Why is home insurance required for some people in California?

Those that are in the Pomona, CA area and are looking for a new housing option should always consider owning their home and buying a property. As you are looking for a new property to buy here, you should also look into your insurance needs. Home insurance is always a good investment and is also a requirement in some situations. This coverage could be a requirement for a few reasons. 

Insurance is Required by Mortgage Lenders

A reason that many in this part of California will need to have home insurance is that it is often required by mortgage lenders. Taking out a mortgage is a common way to pay for a home. If you are going to finance your purchase with a mortgage, your lender will have insurance rules that need to be met. They may even require that you have your payments escrowed each month. 

Insurance Could be an Association Requirement

You may also need to get a home insurance plan if it is an association requirement. A lot of home associations in this part of California will have specific insurance requirements that residents need to have. They are likely to require you to provide evidence of coverage at least once per year. 

Having home insurance should be considered a top priority for anyone in the Pomona, CA area. If you would like to purchase a home in this area of the state and need insurance, the team with THINK Insurance & Financial Services can help you choose a plan. THINK Insurance & Financial Services will be able to give the support needed to build an insurance plan that will meet your needs. This will include helping you properly assess all of your options and create a policy that mitigates your risks. 

Is State-required Auto Insurance Adequate?

Everyone wants to save. And when it comes to auto insurance, it isn’t uncommon for motorists to buy the state-required minimum auto insurance. But is it adequate? Hang on as THINK Insurance & Financial Services of Pomona, CA advises whether you need more than the state’s minimum car insurance. 

State-required auto insurance in California

Like many states, California requires drivers to carry auto insurance. Here are coverages that car owners are expected to maintain:

  • Bodily injury liability: Covers you when you are legally liable for an accident that causes physical harm to other people. The minimum required is $15,000 per person and twice the amount for accidents relating to more than one person.
  • Property damage liability: Pays for damages that you cause to other people’s property. The minimum amount required in California is $5,000.
  • Uninsured motorist coverage: Provides bodily injury and property damage coverage when you collide with a motorist with no insurance. In California, this insurance is optional, but it’s highly recommended.

As you can see, the minimum coverage limits may not protect you when involved in a severe accident. To avoid sliding into a financial mess, talk to your insurance agent to increase your liability limit. Alternatively, you can consider umbrella insurance to offer you extra liability protection when faced with significant liability claims.

Are the minimum-required auto insurance coverages sufficient?

While observing the state-required minimums is essential, most drivers consider other insurance coverages for optimal coverage. You see, the required auto insurance coverages cover other people but not you and your vehicle. That said, if you need well-rounded protection, consider the below optional coverages:

  • Collision coverage: To cover physical damage to your car when you collide with other motorists.
  • Comprehensive coverage: Protects your vehicle against non-collision-related perils like theft and vandalism.
  • Medical payments coverage: Pays for medical expenses for you and your passengers when involved in an accident. 

Are you looking for auto insurance coverage in Pomona, CA? Please contact THINK Insurance & Financial Services for a competitive quote.

What type of health plan is best for you

Choosing your health insurance plan is vital to your health care. The plan you choose needs to provide coverage that will protect you and be there to help pay medical expenses when you need it. Not all health insurance is the same, picking the right plan will help to make sure you can count on it to be there for you. At THINK Insurance & Financial Services in Pomona, CA, we are one of the largest full-service independently owned insurance agencies in the state. It allows us to provide our clients with the best service and rates. 

Different types of plans have different provider networks and in order to make an educated decision, you need to understand what each type of plan has to offer and how it affects your cost. 

HMO– With a Health Maintenance Organization you must see a healthcare provider within the plan network except in rare instances. You have a primary care physician who is in charge of your overall healthcare, and you may need them to make referrals to specialists within the network. 

EPO– If you have an Exclusive Provider Organization plan you must get your health care within the network, but you are not required to have a primary care physician nor do you need to get a referral to see a specialist within the network. 

PPO-With a Preferred Provider Organization you have more options. You can see someone in the network or outside the network, the choice is yours. You may pay more for services outside the network but having flexibility may be worth it. 

POS– If you can’t make up your mind, a Point of Service is a combination of PPO and HMO. You will need a referral to see a specialist, but you can get service outside the network. 

Contact THINK Insurance & Financial Services in Pomona, CA with all your health care insurance needs. 

Tips for Buying Renters Insurance

Renters insurance may not be mandatory in Pomona, CA, but some landlords may require you to have it when renting their properties. While it comes with benefits such as protecting your possessions and providing liability coverage, it is vital to have an idea of what to expect when buying your policy. THINK Insurance & Financial Services details some of the crucial factors to keep in mind when getting renters insurance.

Understand the Different Coverage Options

Renters insurance helps to protect tenants against multiple incidents such as theft, vandalism, and fire outbreaks. Depending on the coverage you take, this policy will also help you replace your personal property when hazards occur, along with providing compensation for repairing covered parts of the building. However, events such as flooding are not covered by some policies, meaning it is worth going through the finer details of your coverage options to evaluate any inclusions and exclusions.

Take Inventory of Your Possessions

Renters insurance comes with different limits for every tenant, a factor that is often based on the value of your personal property. Due to this, consider taking inventory of your possessions to evaluate a suitable cover for your needs. Make it a point to inform your insurance agents of any valuable items such as expensive jewelry, as these may require separate coverage.

Avoid Sharing Policies

Sharing renters insurance with your roommates may seem like an ideal option for saving costs but may end up creating difficulties down the road. Sharing policies will likely open up room for conflicts over matters such as compensation and default payments that cause penalties. Getting an individual renters policy makes for a suitable alternative. It helps you have a properly laid out structure of handling any emergencies that arise during your renting period.

If you reside within Pomona, CA, consider getting renters insurance from THINK Insurance & Financial Services. Get in touch with us today to help you get started on your coverage journey.

What’s the Difference Between Condo Insurance and Homeowners Insurance?

As a Pomona, CA resident, it’s best that you have insurance for your home. You might have a challenge choosing between condo insurance and homeowners insurance. This because, on the surface, the two policies seem similar because they both protect the homeowner from risks associated with their home. To know which among the two is best for you, it’s best to look at their differences. No matter what policy you end up settling for, THINK Insurance & Financial Services has your back.

The Structure of the Policy

Condo insurance (HO6 policy) is structured to offer protection to the inside of a home at its basic level. As the homeowner, you can upgrade your condo insurance policy with a condo association’s insurance to protect your building’s exterior and surroundings. There is also the condo association’s master policy which protects fixtures inside like appliances, furniture, and carpets. This policy can also be expanded to offer loss of use and personal liability coverage.

In contrast, homeowners insurance policy (HO3 policy) offers comprehensive coverage for the interior and exterior of the house at its basic level. Thus, you won’t need to upgrade your policy to cover most of the stuff included in the condo association’s policy and the condo association’s master policy.

Can You Take Condo Insurance as a Renter? 

Risk doesn’t choose whether you are a homeowner or just a renter; you need some insurance, but not a condo insurance policy. Your landlord is the one to take this as it will help them repair and renovate the house in case of any disaster. As a renter in Pomona, CA, you should go for a renters/tenants insurance policy. This will cover the loss of your belongings if they are damaged or stolen during a disaster.

Are you looking for condo insurance? At THINK Insurance & Financial Services, we’ll provide you with all the help you need. Contact us today.