Lana Insurance Center Inc

1259 South Broad St
Wallingford, CT 06492

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What Protection Does Condo Insurance Provide?

While condo insurance is not required by state law in Connecticut, it’s a wise investment choice whether a condo is your primary residence or is an investment property for you and your family. Lana Insurance Center Inc. is here to help in any way we can as you shop around for condo insurance in Connecticut.

Condos often come with condo associations, which typically do require condo insurance within their bylaws. If you worked with a lender to secure a loan to purchase the condo, they often require a minimum coverage policy on condominiums. 

What Does Condo Insurance Protect?

While many condo owner’s associations cover the exterior structure of the condo, the protection of the interior falls on the owner. This is where insurance comes into play; whether your home becomes damaged due to weather or natural disaster, or is broken into and your belongings are stolen — these are the scenarios where you need insurance, and not having it can leave you in financial hardship or ruin. 

Liability coverage is also important when purchasing condo insurance; this type of coverage helps if someone is injured while at the residence and requires medical attention. Liability insurance is often overlooked, so avoiding that scenario by adding it to your policy is highly recommended by most insurance companies. 

The truth is simple — investing in condo insurance is a no-brainer. It’s simple enough if you trust the experts at Lana Insurance Center Inc. We’re a team of insurance professionals who can guide you through the process of selecting a policy with adequate coverage for your needs and leave you feeling satisfied and well protected against anything that may happen. 

How Does Life Insurance Protect Me?

Investing in life insurance is a sound financial decision but an emotional one too. It’s a challenging topic to talk about, but it gives comfort when you know it protects the financial interests of your loved ones when you pass on. 

Still not sure how life insurance protects you? Lana Insurance Center Inc. shares more insights.

Provides financial well-being to your loved ones

If your dependents rely on your income to pay financial obligations like child care, college fees, and monthly bills, life insurance replaces your income when you die. This way, your loved ones can meet their financial obligations even in your absence.

Pays for your debts

If you have a mortgage, car loan, or credit card, you don’t have to pass the financial burden to your cosigners and loved ones upon your demise. Proceeds from life insurance can be used to settle financial obligations. Besides, life insurance enables you to pay for final expenses, lessening the financial burden on those you leave behind.

Keep the business in the family

Life insurance isn’t all about individuals. It’s pivotal for business owners. Life insurance proceeds can pay outstanding business loans as well as buying your business partners time to think of the next course of action after your death.

Besides, life insurance ensures that your business can be passed to your family. Life insurance covers costs related to transferring your business legacy to your beneficiaries.  

It supplements your retirement income

When you invest in a permanent life insurance plan, it accumulates a cash value that you can borrow against or make withdrawals to cater for emergencies. While most people think life insurance comes into play when they die, it has “living benefits” that you can enjoy while here on earth.

Are you ready to get started with life insurance? We encourage you to contact Lana Insurance Center Inc. to kick-start the conversation.

Commercial Insurance – FAQ

Operating a business is exciting and daunting at the same time because any business is a serious investment. If you are a responsible business owner, you understand that like any investment your business needs protection. One of the most effective ways to protect it is to get commercial insurance. If you have never had this type of insurance and need more information about it, here are the answers to the most common questions about it: 

Why Is Commercial Insurance So Important?

Possible lawsuits, accidents, property damage claims, medical bills, natural disasters, the high costs of litigation are the main reasons businesses should have commercial insurance. 

What Drives the Cost of Commercial Insurance?

There are certain factors that have an impact on commercial insurance. They are the type of business, the number of employees, the value of your company assets that you want to insure, and some others.

How To Choose the Type Of Business Insurance?

The choice of business insurance depends on the type of business, business needs, risks associated with the business, At a minimum, it is recommended to carry business liability and business property insurance. 

Is Business Insurance Tax Deductible?

Your business insurance is one of the costs of operating a business. That means you can deduct insurance premiums, including premiums for professional liability insurance and general liability insurance. 

Lana Insurance Center Inc – We Are Ready To Serve Your Insurance Needs

If you live in Wallingford, CT, or any other nearby town, and you are looking for proper insurance to protect your business, Lana Insurance Center Inc. is an insurance company you need. We specialize in different types of insurance, including commercial insurance. If you need help in choosing a beneficial business insurance plan, or you have any questions, we are always ready to answer your questions. 

When To Adjust Your Home Insurance

It’s important to not be caught without adequate insurance on your home. But your home insurance coverage needs may change when you have a life-changing event. Lana Insurance Center Inc. offers this short guide on when to review your home insurance. 

Changes In Family Size

It’s important to review home insurance after events such as marriage, divorce, or the death of a family member. The birth or adoption of a child is also a good time, as well as when a child moves out of the home. Additionally, make adjustments to your insurance when someone moves in for an extended period of time.

Home Renovations

Renovations definitely have an impact on home insurance. Some of the most important renovations requiring insurance review include: upgrading the kitchen or bathroom, adding an addition, and building a pool. You may also wish to review after fixing or replacing a roof or home siding. If you are planning a renovation, inquire about additional coverage for construction. 

Recent Purchases

If you have recently purchased valuable items, it’s important to make sure that you have enough protection to cover them in case they are damaged or stolen. Expensive items such as electronics, antiques, or jewelry may exceed the limits of your current policy. Ask your insurance agent about adjusting your policy or adding umbrella coverage for these items.

Property Value

Property values fluctuate over time. The coverage that you had when you first bought your home may not be sufficient 10 years down the line. Make sure that you have appropriate coverage for the current value of your home.

Let Lana Insurance Center Inc. take the guesswork out of your home insurance needs. Stop by or contact us today

Auto Insurance: The Impact of Careless Driving on Your Driving Record

Everybody knows that careless driving can have an impact on your driving record, and on your auto insurance policy. Careless driving in most states is defined as driving without care or driving without having a reasonable consideration on the roads. It is not the same thing as dangerous driving which means that you are posing an actual danger to the public when you are on the road.

The consequences of careless driving are steep and could impact your driving life for some time.

At Lana Insurance Center Inc., we know that mistakes happen. We can help you to design the auto insurance policy that will best meet your needs.

What is Careless Driving?

Careless driving is about not taking reasonable measures to be safe on the road. It involves those careless mistakes that happen when you aren’t paying attention. You don’t mean to do it, but you are acting without the care you should have on the road.

It could include not checking your mirrors, speeding, problems with cyclists or pedestrians, running red lights, texting, and driving, or failing to maintain a safe distance.

Penalties for careless driving could include driving points on your record, heavy fines, suspended license, and even jail depending on the circumstance.

Careless Driving and Auto Insurance

When you have been convicted of careless driving, that will have an impact on both your driving record and your auto insurance. Even a ticket for careless driving will mean a conviction. That will stay on your driving record for years and will impact your auto insurance for just as long.

Get a Quote

When you have a careless driving conviction, it is not impossible to get insurance, but you will need help with your auto insurance policy. Call Lana Insurance Center Inc. today to get the best quote for your auto insurance after there’s been an impact on your driving record.

An In-Depth Look At Medicare Insurance

Lana Insurance Center Inc. offers coverage to Connecticut residents. We offer our clients multiple types of coverage to ensure that they are protected in any situation. We will assess your individual situation and find a policy designed for your unique needs.

Medicare Insurance Overview

Maintaining a healthy lifestyle helps you feel good and keeps you motivated to accomplish great things. Having health insurance is an important part of the process. Medicare insurance is flexible, which allows you to choose a policy that aligns with your goals. Traditional plans include a network. This means you can choose a primary car physician within a specified area. You also have the option to receive urgent care from any of the facilities listed in the network. If none of those are a fit, you could opt for an alternative policy, which gives you more freedom to choose a doctor and preferred hospital outside the network. Each of the policies has a different set of guidelines regarding coverage if your primary care physician recommends that you take prescription drugs.

Medicare insurance does cover important dental procedures if you are undergoing surgery. However, preventative care such as regular checkups and cleanings are not covered. In some cases, Medicare insurance does cover vision exams, especially if you are at a high risk of contracting glaucoma. You are covered if you want to receive a yearly flu shot as part of your preventative care. If you are admitted to the hospital, Medicare will cover your treatment and your rehabilitation.

Lana Insurance Center Inc. Will Help You Find The Right Coverage

Visit our website to learn more information about Medicare insurance.  

Protect Your Standard of Living With Condo Insurance

Condo insurance is vital coverage to have if you own a condo. It encompasses several different types of insurance coverage, all of which help you to maintain your standard of living after the worst happens to your condo. If you need a condo policy, call us at Lana Insurance Center Inc. to talk about this important insurance coverage. 

Coverage for Your Possessions

Most of what you own will be in your condo, and all of those belongings need to be protected. If a serious incident or disaster should happen, this coverage will allow you to replace many of your things so that you don’t have to start over with nothing. This coverage keeps you from having to live without any possessions if yours are destroyed or become seriously damaged. 

Protecting Your Home

Another part of the condo insurance that covers your home is the protection for the inside of the dwelling. The outside of it is generally owned by the condo board, but the inside needs to be protected. With this coverage in place, you can get damage paid for so that you can get back to your normal life. It protects you from having to live with major problems and damage to your home. 

Coverage for Another Home

If there is an incident or disaster that damages your home so much that it is unlivable, your condo insurance will pay for you to live somewhere else in another home while your condo is being rebuilt or repaired. This is another important coverage type that protects your standard of living even if something terrible happens to your home. 

Get Your Condo Coverage

If you need a condo insurance policy, don’t wait. You never know when disaster can strike. Contact us at Lana Insurance Center Inc. to talk with an agent about your insurance needs. 

Life Insurance Coverage Options

As we all grow older, we realize how important having a life insurance policy in place is to our loved ones that we will leave behind. There are various types of life insurance policies, and the life insurance agents at the Lana Insurance Center Inc. can help you determine which type is best for you and your loved ones.

Below is a list of the three main types of life insurance policies that you can choose from.

Term Life Insurance

Term insurance is the simplest type of life insurance, and it only pays out if the death of the person who purchased the policy dies during the period of time it is in effect. It usually pays a death benefit during the length of the term of the policy from one to thirty years. There are normally no other benefits of a term life insurance policy.

Whole Life Insurance

Whole life, also known as permanent insurance, will pay out a death benefit whenever you die. There are three major types of whole life insurance, including traditional whole life, variable universal life, and universal life. There are several versions of each of the three types.

Universal Life Insurance

Universal life insurance is a type of permanent life insurance that offers an investment-type savings account with it. It is one of the least expensive types of life insurance to obtain. Only the beneficiaries of the policy will receive the death benefit.     

There are several other life insurance policies for you to choose from, including variable universal life insurance, guaranteed issue life insurance, accidental death insurance, medically underwritten term life insurance, simplified issue term life insurance, return of premium term life insurance, and permanent life insurance. The life insurance agents at the Lana Insurance Center Inc. can help you decide which type is best for you and your situation, so call for an appointment today!

What You Should Know About Commercial Insurance

At Lana Insurance Center Inc, serving Wallingford, CT, we understand that the business owner has a unique set of duties and responsibilities. We want to help you best meet those responsibilities for yourself, your employees, and your customers. One of the best ways you can protect your business and those counting on you is through commercial insurance. 

What Is Commercial Insurance?

Commercial insurance is a comprehensive insurance product that was designed for companies and business owners like you. Commercial insurance bundles together all of the important insurance coverage types that are most vital to a business owner. By having this type of coverage in place, you can rest assured that the investments of both time and money you have made into your business are protected. 

What Does Commercial Insurance Cover?

Commercial insurance can be customized, but in general, a commercial policy will cover:

  • Property damage– Property damage coverage is vital if your business place is damaged or lost due to fire, natural disaster, or burglary. 
  • Automobile coverage– To operate vehicles safely for your business, you will need automobile coverage. 
  • Liability– Liability coverage can sometimes prove to be one of the most important insurance types you will ever have. If an employee or a customer is injured at your place of business or because of your products or services, expensive medical bills or legal fees could result. A solid liability policy will ensure that these expenses do not come out of your pocket, putting your company’s finances at risk. 

If you would like to learn more about commercial insurance or any other insurance products, please contact us at Lana Insurance Center Inc., serving Wallingford, CT. We will be happy to answer your insurance questions today. 

Why you need more liability coverage in your home insurance policy

Part of your home insurance policy comes with bodily injury and property damage liability. It is designed to cover you and your family for lawsuits that other parties might file for injuries or property damage that you or your family members may cause to other parties.

Everyone in your home, including pets, is covered, and the coverage pays defense fees, damages, and medical bills. That’s why Lana Insurance Center Inc. recommends buying adequate liability coverage based on your risk needs and the number of people living with you. Here is how liability protects you:

Liability protects you and your assets.

When you become a homeowner, protecting your investment becomes a priority. If you or any other member of your family is sued for injuring another person or destroying their property, you can easily lose your assets if you are not well-prepared financially.  For instance, if your dog bites a neighbor’s child, you might be required to pay medical bills and, worse, deal with a lawsuit. With adequate liability, it can help pay your legal defense fees.

Liability provides coverage for your family members.

If you entertain guests at your home or have teenagers who throw parties every once in a while, you may want to have bodily injury and property damage liability if you are sued for injuries sustained at your home during those visits. Raise your coverage limits if you have a swimming pool, home office, or trampoline. You never know who will get hurt accidentally while at your house.

Liability coverage is quite complicated, and every insurer has its rules and regulations. Therefore, never assume you are covered. When in doubt, always ask and get clarification. For more information, quotes, or queries, feel free to contact Lana Insurance Center Inc.

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