{"id":390,"date":"2020-12-07T04:00:00","date_gmt":"2020-12-07T10:00:00","guid":{"rendered":"https:\/\/www.think-ins.com\/blog\/?p=390"},"modified":"2020-11-09T12:11:00","modified_gmt":"2020-11-09T18:11:00","slug":"three-mistakes-you-dont-want-to-make-when-you-purchase-condo-insurance-in-california","status":"publish","type":"post","link":"https:\/\/www.think-ins.com\/blog\/three-mistakes-you-dont-want-to-make-when-you-purchase-condo-insurance-in-california\/","title":{"rendered":"Three mistakes you don&#8217;t want to make when you purchase condo insurance in California"},"content":{"rendered":"<p>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 &amp; Financial Services.<\/p>\n<p>The following are three mistakes you don&#8217;t want to make when you purchase condo insurance in California.&nbsp;<\/p>\n<h2>Failing to put enough consideration into the deducible amount<\/h2>\n<p>Too many condo owners assume they&#8217;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.&nbsp;<\/p>\n<p>You need to choose a deductible amount that&#8217;s low enough that you&#8217;ll be able to afford it out of pocket. It&#8217;s worthwhile spending a little extra on monthly premiums if it can significantly bring your deductible amount down.&nbsp;<\/p>\n<h2>Not purchasing enough coverage<\/h2>\n<p>You should have enough coverage to cover the value of the possessions you keep in your condo.<\/p>\n<p>If you don&#8217;t purchase enough coverage, it could really cost you down the road if you have to file a claim. Make sure that you&#8217;ve carefully evaluated your possessions before you&nbsp;choose an overall coverage amount for your policy.<\/p>\n<h2>Purchasing actual cash value coverage<\/h2>\n<p>There are two major choices when you purchase a home insurance policy: actual cash value coverage and replacement cost coverage. It&#8217;s always best to opt for replacement cost coverage.<\/p>\n<p>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.&nbsp;<\/p>\n<p>We can help you to choose the right condo insurance policy in Pomona, CA. Contact us at THINK Insurance &amp; Financial Services to get started.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &amp; Financial Services. The following are three mistakes you don&#8217;t want to make when you purchase condo insurance in California.&nbsp; Failing to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[8,9],"class_list":["post-390","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-pomona-ca","tag-think-insurance-financial-services"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/posts\/390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/comments?post=390"}],"version-history":[{"count":1,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/posts\/390\/revisions"}],"predecessor-version":[{"id":391,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/posts\/390\/revisions\/391"}],"wp:attachment":[{"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/media?parent=390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/categories?post=390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/tags?post=390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}