Month: November 2021

THINK Insurance & Financial Services is an independent agency. We work closely with multiple carriers throughout California. We help Pomona, CA residents find the coverage they need to protect their assets. We offer flexible policies designed to evolve as our client’s needs change.

Overlooked Renters Insurance Facts

The Pomona, CA community is home to several areas of appealing apartment complexes. If you plan to move into one of these rental properties, you’ll need renters insurance. Renters insurance protects your personal items if they are damaged or stolen. Liability coverage is an important part of your policy. You are covered if you invite a guest over, and they suffer an injury. You are also protected if you accidentally cause damage to someone’s property. While you are in the process of finding coverage, pay attention to these often overlooked facts.

Your Coverage Is Separate From Your Landlord’s

Many people make the mistake of relying on their landlord’s coverage to protect them in any situation. You need your own renter’s insurance policy to cover you if your belongings are damaged.

Interior Coverage

Renters insurance also covers any interior damage to the unit. If the unit is severely damaged, you can add alternative living coverage. This gives you a safety net if you have to find another place to stay until your rental unit is fixed.

Extra Coverage

If you live in an area where an earthquake may happen, you’ll need to add extra coverage. Generally, renters insurance doesn’t cover damage caused by natural disasters. Consider adding flood coverage as well, so you will be covered if a severe storm passes through the area.

THINK Insurance & Financial Services Will Help You Protect Your Assets

Visit our website to learn more information about renters insurance.  

Let’s face it. Insurance is never a straightforward topic. With many insurance coverages, it’s easy to get lost in the insurance world. Speaking of insurance, condo insurance is one of the most widely misunderstood insurance coverages. As such, THINK Insurance & Financial Services is here to shed more light on condo insurance, including how it benefits you.

Why should I invest in condo insurance?

If you own a condo in Pomona, CA, you may want to understand whether condo insurance is worth your pennies. After all, you already have a condo owner’s association (COA) master policy. While it’s true you have a COA policy, this coverage only covers common areas like the lobby and swimming pool. However, for your dwelling’s interior, you need stand-alone condo insurance to reap the below advantages:

Liability protection

Suppose you invite a friend to your birthday party. Unfortunately, they slip while on your premises, injuring their back. While the accident was unintentional, you could be liable for their medical expenses. Worse yet, they could sue you for negligence.

Since liability claims can be costly, you need condo insurance to protect you from third parties’ property damage and personal injury claims.

Loss of use protection

Assume that a covered loss like a hurricane destroys your condo. What would you do as your home undergoes repairs? Instead of calling friends and relatives for temporal shelter, condo insurance puts you in a hotel and covers additional living expenses

Asset protection

Condo insurance protects your assets, including clothing, furniture, and electronics, from damage or loss. If you value your possessions, condo insurance should be your priority. Besides, condo insurance protects your dwelling’s interior, including the walls, roofs, carpets, and fixed appliances.

Buy condo insurance today!

Are you shopping for condo insurance in Pomona, CA? You can trust THINK Insurance & Financial Services for all your condo insurance needs. Please get in touch with us today to get the conversation started.