Month: May 2015

Do you have renters insurance? Unless you’re married and have a joint policy, don’t rely on your roommate’s renters insurance to cover your belongings. While most policies include personal property coverage, it only applies to the belongings of the policyholder, not their roommates. If you’re in an apartment in Pomona, CA and don’t have your own renters policy, here’s why you should get one before it’s too late.

Renters Insurance Insures Named Policyholders

Most renters insurance policies only insured the policyholders named on the policy. While there may be a couple of exceptions, such as a child’s toys being insured by their parent’s insurance policy, typically if you don’t pay the renters insurance bill or didn’t sign up for it, you aren’t insured. In apartments where several unrelated individuals live together, everyone needs to have their own policy.

Specific coverages vary from policy to policy, but renters insurance usually includes some form of coverage for your personal possessions. Since only people named on a policy are insured by that policy, though, only their belongings are covered. Therefore, you can’t rely on your roommate’s renters insurance to reimburse you if your possessions are stolen or damaged.

Independent Agents Help Renters Find Insurance

If you don’t have renters insurance, give us at Think Insurance and Financial Services a call. We’ve served many renters in Pamona CA, and we’d love to help you as well. All of our agents are independent insurance agents, which means they can pull quotes from any company offering renters insurance in California. We’ll not only make sure your belongings are insured by your own policy, but we’ll also get you the lowest premiums possible.

 

Montclair is located in the San Bernardino County of CA. It is close to Los Angeles, which is the nearest metropolitan. Home values are higher here than the rest of the state on average. Many people choose to live outside of LA and many will choose this city, which has a population of around 35,000.

When you buy life insurance, age matters. The reason is because insurance companies are going to look at life expectancy and determine approximately how soon they would have to pay out on a policy. The younger you are, the more affordable a policy can be. This is because companies assume that you have a long life ahead of you and won’t have to pay anytime in the near future.

Regardless of how old you are, there are decisions that need to be made. This includes deciding on such things as:

– Term vs. whole life insurance

– Amount of policy

– Beneficiaries

When you have questions about the policies that are out there and how age factors in, it can be advantageous to work with a broker from one of the insurance agencies in CA. We have a broker who can help you with a policy in Montclair.

Depending on your age, you may be looking for a way to add protection to your family until you reach retirement or you may be looking for a way to provide for your spouse once you pass on. There are several things to consider and a broker can work with the different insurance companies to get you quotes.

Call us today and let us work with you to answer questions, get quotes, and help you to decide on a life insurance policy that works based upon your age as well as your budget.