Month: February 2019

When it comes to renting a new place, securing a renter’s insurance plan is as important as choosing the location or decorating the interior.

Renter’s insurance, which is sometimes called tenant’s insurance, covers your personal belongings in the property you are occupying in the event of a mishap such as theft or a fire.

While the owner or the landlord or owner of the place you are renting has his or her own insurance, their policy only covers the owner should something happen. Their plan will not protect renters or their belongings, which is why they should secure their own.

The same also applies to an insurance plan that a roommate may have, as such a policy will only cover his or her possessions. That is why the experts at THINK Insurance & Financial Services in Pomona, CA encourage renters to select and maintain a policy, even if your landlord does not explicitly require renters to do so.

In addition to a plan covering personal property, renters can also consider additional coverage options. Such additions typically include personal liability protection, loss of use and one covering others’ medical costs.

Renters should also consider whether they need coverage for actual cash value or the replacement cost. Coverage for actual cash value will compensate at the current value of the property, while replacement cost will replace the item at its current price.

With so many stories on the news about renters losing all of their possessions in the wake of a tragedy, securing renter’s insurance on the front end can eliminate headaches in the event a catastrophe should strike.

Renters in the Pomona, CA area with questions about renters, home, auto or other insurance should contact the team at THINK Insurance & Financial Services today.

Condo insurance providers are among one of the newer industries to use cloud technology, and collectively, they have found ways to effectively implement this new business tool into their daily operations. This has boosted their own capacity to deliver immediate benefits to suffering condo insurance policyholders. 

The Benefits of Cloud Technology

After years of skepticism, the insurance industry has embraced the use of cloud technology, and it has improved website security and industry regulatory capabilities. Cloud technology has established itself as a vital component in the marketplace. Condo insurance agents like THINK Insurance & Financial Services in Pomona, CA has tapped into the potential of utilizing cloud technology to streamline their own business practices and unlocking savings for condo insurance policyholders. All of these actions should help to maintain a competitive advantage over other brokers in town.

The amount of information provided by cloud technology has increased dramatically in a short period of time. Condo insurance policyholders or potential clients have better access to analyze and gain a better insight into the coverage provided. Agents like THINK Insurance & Financial Services of Pomona, CA can make real-time changes to current insurance policies and potential packages in order to stay a step ahead of the competition. 

How Cloud Technology Helps Condo Owners

Utilizing cloud technology will enable condo insurance agents to better inform their clients of the rapidly changing laws and regulations that are inherent to the insurance industry. Adapting to using cloud technology in the workplace helps agents to make immediate changes to existing policies and potential insurance packages that available to all. Plus, it helps current insurers to check their own policy to see if the recent changes have effectively lowered their own premium. And all of this can be ascertain by having access to the information faster than ever before. Finally, cloud technology has shown to be well-equipped to protect a condo insurance policyholder’s sensitive personal information from hackers.