Month: May 2018

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.