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2100 E Foothill Blvd
Pasadena, CA 91107

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Baldwin Park, CA 91706

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Reinas Insurance Agency Inc Blog

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Life Insurance FAQs

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At Reinas Insurance Agency Inc. in Pasadena, CA, we are a locally owned independent insurance agency with a team of experienced agents who are ready and able to answer your questions about life insurance and help you get the coverage that you need to protect the ones you love. 

Life Insurance FAQs

What is the best choice, whole life or term life?

Both whole life and term life insurance can have a place in a long-term financial plan. Whole life earns dividends and allows you to save while getting protection. You can borrow against the value if you need to. Term life insurance lasts for a term, most often 20 years and at the end, has no value. It is strictly a death benefit, but it is more affordable, so it makes a good option when you have young children. 

Can I have more than one beneficiary?

You can have as many beneficiaries as you want. It is your choice. Be mindful of the fact that if you choose children, they likely won’t be able to collect until they reach legal age in the state where they reside. 

Do I need to buy life insurance for my children?

If you want to start your children off with a small policy as a way to save for them or to guarantee that they will be able to purchase life insurance at a later date, this makes sense. It is not, however, necessary. 

When choosing your life insurance, keep the premiums in mind no matter why you are purchasing it. It can’t help you or your family if you have to let it lapse because you can’t afford it. 

Consult With Us

In Pasadena, CA, you can count on the team at Reinas Insurance Agency Inc. to help you achieve your life insurance goals. Give our office a call today to discuss your needs. 

Can I Get Away with Only Liability Insurance?

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If you’ve been a vehicle owner for a while, you’re aware of how expensive full-coverage auto insurance can be in Pasadena, CA. If you like living as frugally as possible, you might be tempted to try to get away with only carrying liability insurance on your vehicle. But is it a good idea? Is it possible? We at Reinas Insurance Agency Inc. are aware of the struggle to pay the high insurance rates in Pasadena, CA. Here is our stance on the probability of getting away with only liability insurance. 

Is Your Vehicle Being Financed? 

When a bank finances a vehicle for you, full-coverage insurance is almost always required as a condition of the contract. Therefore, you must carry full coverage insurance and not just liability insurance, or your car could get repossessed if the bank finds out. 

Do You Drive Frequently? 

If your car is fully paid for, yet you drive frequently, attempting to carry only liability insurance isn’t a good idea. While you’re not required to have full coverage insurance on a vehicle that you’re no longer making payments on, if you drive a lot, it’s smart to have. Why? Pasadena CA is a busy area full of many drivers. This increases the likelihood that you might become involved in a car accident, and you want to ensure you’re covered if you are. 

We Are Here To Help

As you can see, there are several things that you need to consider before deciding to try to get away with only liability insurance. If you have an older car that you don’t drive much, liability might be the best option. However, if you have a late-model vehicle and you’re still making payments on it, full-coverage insurance is a must. If you need a new insurance provider, contact us at Reinas Insurance Agency Inc. for a quote, and hopefully, we can serve you like we have served so many other customers over the years. 

Required Commercial Insurance in California

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When you own a business in California, there are a number of types of commercial insurance that you may need, depending on your type of business. There are also a couple of types that are mandated for certain businesses. It’s a good idea to know what the required policies are in case your business must have one. It’s also smart to look into other types of commercial insurance that you may need such as general liability and cyber insurance.

When you need any type of commercial insurance, call us at Reinas Insurance Agency Inc. in Pasadena, CA.

Workers’ Compensation Insurance

Workers’ compensation insurance is a type that protects both businesses and employees from the costs of accidents and illnesses that come with medical bills and other expenses. When someone is injured at work or gets a disease that is work-related, the policy will pay for expenses like lost wages and medical bills. This protects the liability companies have for workplace injuries and illnesses.

For employees, it makes the funds they need available to them in the event of an accident. It’s important for businesses to have this coverage not just because it’s required for all California businesses with any number of employees but also because it protects your business financially. 

Commercial Auto Insurance

When you have a California business that owns a vehicle, it’s important to have a required commercial auto policy for it. This goes for all vehicles that your business owns. The policy is required to cover the vehicle against liability, but you can add other types of coverage as well. The law requires the policy to have coverage for both property damage liability and bodily injury liability. These only cover the damage done to someone else’s property or their injuries.

To cover your own property, you can add collision and comprehensive coverage onto your policy. This will protect the vehicle against a wide range of risks. 

Get Your Commercial Coverage

When you need commercial insurance, we can help. Call us at Reinas Insurance Agency Inc. in Pasadena, CA.

Three Ways That Home Insurance Protects You

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Owning a home is a great way to build wealth as well as a way to be more independent. When you own a home, you need to have a home insurance policy to protect yourself. For most people, having home insurance is required for them. Virtually all lenders will require you to have this insurance, and most HOAs require it, too. When you need this insurance, call us at Reinas Insurance Agency Inc. in Pasadena, CA.

Protection for the Dwelling

You need the home itself to be protected against incidents that cause damage, and home insurance offers that protection. It’s important to have this insurance so that when certain incidents happen, such as specific types of disasters and accidents, you can get the repairs paid for by the policy. This can protect your investment from a wide range of risks. 

Protection for Your Possessions

Your possessions also cost a lot of money, and you need to protect them. When you have home insurance, it covers your possessions in the home against certain incidents that can ruin or destroy them. This is valuable coverage because the value of everything when you add it together is considerable. Replacing everything on your own would likely cost too much to afford. With the policy, it will pay for the replacement of the items that were destroyed. 

Protection for Your Liability

You’re liable for what happens in your home, and that includes outsiders who have accidents while on your property. If someone were to get injured in your home, the medical bills, lost wages, and other expenses would be paid for by you. When you have home insurance, the policy pays these bills. 

Get Home Insurance

If you don’t have home insurance, it’s time to get it. Call us at Reinas Insurance Agency Inc. in Pasadena, CA. 

     

 

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