Lana Insurance Center Inc

1259 South Broad St
Wallingford, CT 06492

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Who Needs Umbrella Insurance?

Most people think that if they have insurance, they are protected from any legal issues that might come up. However, what many people don’t know is that there are different types of insurance policies, and each one has its own specific purpose. One type of policy that is often overlooked is umbrella insurance. Consult with Lana Insurance Center Inc. in Wallingford, CT is here to provide a guide. 

Umbrella Insurance: What You Need To Know

Umbrella insurance is a policy that provides extra coverage for incidents that fall outside the scope of your other policies. So, who should get umbrella insurance? How does it work? What are the benefits? And how much does it cost? 

First of all, it is important to understand that umbrella insurance is not intended to replace your other insurance policies – rather, it is meant to be an extra layer of coverage for those rare situations. For example, if you are involved in a car accident and are sued for property damage or bodily injury, your regular auto insurance policy will typically cover you up to a certain limit. However, if the damages from the accident exceed that limit, you could be held legally responsible for covering the difference. This is where umbrella insurance comes in – it provides an extra layer of protection if you are ever sued and your other policies cannot cover all of the damages.

There is no one-size-fits-all answer to who should get umbrella insurance, as the decision of whether or not to purchase umbrella insurance depends on a variety of individual factors. However, in general, it is probably a good idea for people who have significant assets or net worth to purchase an umbrella insurance policy. 

Get The Right Coverage Today

If you have any questions about your policies or are interested in exploring umbrella insurance, call Lana Insurance Center Inc. We serve the Wallingford, CT area.

Is Renters Insurance Mandatory?

Renter’s insurance is not mandatory in the greater Wallingford, CT region. However, landlords are increasingly requiring this vital coverage for tenants.

Why You Should Consider Renter’s Insurance

Renter’s insurance isn’t mandatory in Connecticut, but you should get it anyway.

  1. Your landlord’s property insurance doesn’t cover your belongings. If something happens to the property like a fire, renter’s insurance helps you recover from the loss.
  2. Renter’s insurance is affordable. Since it doesn’t cover the physical structure, only your personal property, your premiums are relatively low.
  3. Renter’s insurance covers you if a guest is injured in your home.

Three Common Types of Renters Insurance

Renter’s insurance typically includes three primary types of coverage. These include:

  • Liability – Covers you if a visitor is injured in your home.
  • Personal Property – Covers the things you own within the home.
  • Additional Living Expenses – Covers the reasonable expenses related to being temporarily displaced from your home due to a covered claim.

These do not cover certain specialty items you might own like collectibles, firearms, and jewelry. They also don’t cover your personal medical bills should disaster strike. You can buy riders and coverages to ensure you are fully protected. Lana Insurance Center Inc. has our friendly staff ready to answer your questions about special coverages to ensure you are properly protected.

Disaster Ready

It’s important to note that the renter’s insurance doesn’t cover flooding damage. If you live in a flood-prone area, you will want to consider having additional flood insurance which can be obtained from the National Flood Insurance Program.

Contact Us Today

When you are ready to protect your investments, call or stop by Lana Insurance Center Inc in Wallingford, CT. Our staff is ready to offer clear answers to all your insurance questions.

Do I Need Motorcycle Insurance in CT?

As a motorcycle owner, you know that having insurance is essential. But do you need motorcycle insurance in Wallingford, CT? The answer is yes.

Here’s why:

It’s the Law

Motorcycle insurance is required by law in Connecticut. Motorcycle insurance protects you financially if you are involved in an accident. It can help pay for your medical bills, damage to your motorcycle, and other expenses. If caught riding without insurance, you could be fined or have your license suspended.

Without motorcycle insurance, you are taking a risk. An accident could leave you with a hefty bill you would be responsible for paying. Your credit score could be affected if you can’t pay the bill. Contact Lana Insurance Center Inc. in Wallingford, CT to get a quote for motorcycle insurance. We can help you find the right coverage for your needs.

Loans May Require One

If you are financing your motorcycle, your lender will require you to have insurance. This is to protect their investment in case you are in an accident. If you don’t have insurance and are in an accident, the lender could require you to immediately pay the entire loan off.

You May Need More Than the Minimum

The minimum motorcycle insurance required in Connecticut is $20,000 for bodily injury per person, $40,000 for bodily injury per accident, and $10,000 for property damage. However, this may not be enough coverage if you are in a severe accident. You could be responsible for paying any costs exceeding your policy’s limits.

Get Coverage For Your Vehicle Today

An experienced motorcycle accident lawyer can help you understand your coverage and what to do if you are in an accident. Contact Lana Insurance Center Inc. for a free consultation if you have been injured in a motorcycle accident.

A Look At What Medicare Plans Insurance Entails

Located in Wallingford, CT, Lana Insurance Center Inc. strives to help residents throughout Connecticut find the insurance coverage that they need. We offer our clients a variety of different insurance policies.

Medicare Plans Insurance

Lana Insurance Center Inc. offers Connecticut residents Medicare plans. The policy contains several different plans.

Medicare Advantage

Medicare Advantage Insurance covers your medical services at facilities within a specified area. In addition to your prescription drug coverage, your policy may also include medication therapy management. You can also add extra benefits to your policy, such as vision, dental, and hearing.

Medicare Supplemental Insurance

Medicare supplemental insurance is an additional policy that provides unique benefits, such as covering you if you decide to seek treatment outside of the United States. Medicare supplemental insurance is intended to assist people who have Medicare Part A and Part B. This policy covers you if you are admitted to the hospital for an extended period.

Medicare Part D

Medicare Part D covers you if you are using self-administered prescription drugs. Medicare Part D will protect you so that you can receive the care that you need. It’s crucial that you research which drugs are covered under Medicare Part D.

Hospital Indemnity Plans

Hospital Indemnity Insurance will cover you if you are admitted to a hospital for a condition that may not be covered under your other policies. Hospital Indemnity Insurance can cover any deductibles, as well as food expenses. The insurance will also cover your rehabilitation process. With Hospital Indemnity Insurance, you can focus on getting better while your stay is covered.

Consult With Lana Insurance Center Inc.

Stop by our office in Wallingford, CT. We will help you evaluate your options so that you can find the appropriate plan.

Will Condo Insurance Cover A Guest’s Possessions?

When you live in a condo in Wallingford, CT, your condo association will typically carry insurance that covers everything outside of the domicile, that is, the building itself, and any liability concerns arising in the general neighborhood. Your condo insurance, which you purchase yourself, will then cover everything inside the home. It functions more like renters insurance than home insurance in that way, including your possessions, the safety of those inside the house, and any liability concerns that are not listed as exclusions.

This means that there will be some coverage allowed for a guest’s possessions, as well as any injury they may suffer while inside of your home if you are held responsible for the incident in any way.

Just like with renters insurance, there are some exceptions, of course. If someone is injured while taking part in illegal activity, there’s a good chance that the insurance company will not honor the claim. If you have someone staying for an extended period, primarily living in your home as a roommate, you will need to call your insurer and let them know that your guest is a permanent, or semi-permanent, resident of the house.

Your condo insurance provider will honor the most reasonable claims made on damaged or stolen property belonging to a guest. They’re here to help you, after all. Just make sure that you keep them informed on anything out of the ordinary. If you’re hosting a big house party, if someone is staying for months on end, if they’re carrying exceptionally valuable goods with them (a typical policy covers up to $100,000 in liability coverage), let your insurer know.

If you’re shopping around for condo insurance in Wallingford, CT, get in touch with Lana Insurance Center Inc. Lana Insurance Center Inc. can get you the protection you need.

Protect Your Loved Ones with Life Insurance in Connecticut

Life is a fantastic gift that we get to enjoy to the best of our abilities, and it only comes around once. While it is hard to talk about what has to be done before you pass away, it is unavoidable. There is no perfect time to bring up life insurance as a discussion around the family. However, it is imperative to talk about it before it is too late.

We are Lana Insurance Center Inc., based in Wallingford, CT, and we have served our local clients for three decades now. A family-owned company that believes everyone deserves the right insurance policies in their lives. One of the most important types of insurance policies to have is life insurance. However, there are no laws or requirements in the state of Connecticut to have life insurance. To work hard your entire life, and have good lifetime memories with your family, those are the most important parts to protect even when you pass away. 

Life insurance is a safety net that helps your loved ones with bills, providing for themselves, paying for funeral expenses, and more. We are happy to talk to you about every single detail that you need to know about a policy that works best for you and your family. We have a variety of options for you to choose from, and we will do our best to make sure you leave our office happy and at ease.

Would you like to set up a consultation meeting at our office? You can contact us via phone during our business hours at (203) 284-8801. Our agents at Lana Insurance Center Inc. will be happy to help answer your questions and find you a quote.

Collision coverage and your auto policy

Collision coverage is essential because it is the only way a driver is covered from damage to their vehicle. Without collision coverage on an auto insurance policy, the driver will have to pay for all of the damage to their vehicle out of their pocket. Collision coverage is also required in most situations where a car is financed or leased. Lana Insurance Center Inc. provides collision coverage in Wallingford, CT, and nearby towns. 

Collision coverage and deductibles

As the name implies, collision coverage is part of an auto insurance policy that will assist a driver with paying for damage to the body of their vehicle due to an accident. Note that this is only for accident and theft, and other losses are covered under different sections of the policy. 

Deductibles are one of the most critical parts of the collision coverage. This deductible is meant to represent the initial amount that the driver must pay before their insurance coverage will begin to pay for the rest of the damage. As a general rule, drivers can choose to pay a higher policy premium so that they will owe less of their own money in the event of an accident. An insurance provider will recommend a deductible that is right for the policyholder based on their financial needs. Some high-risk drivers may choose to pay upfront for a lower deductible, while others who drive less may want a higher one because accidents are less likely. 

Learn more about your auto insurance policy and collision coverage

Additional questions about how collision coverage will work on your policy can be directed at agents from Lana Insurance Center Inc. We serve the Wallingford, CT area with various kinds of auto insurance policies that help all sorts of drivers. 

Do Food Trucks Need Commercial Insurance?

Food trucks have become incredibly popular in the last few decades, which is why many people may not know what type of insurance is right for that type of mobile business. Do they need automobile insurance or commercial insurance? Before starting a food truck business, it is imperative to know what kind of insurance is required and will protect the owner from losses due to a variety of risks. 

Do Food Trucks Need Commercial Insurance?

In a sense, food truck insurance is commercial auto insurance but has the qualities of a hybrid policy. This type of insurance protects the vehicle as well as permanently installed equipment and appliances. Additional coverage for contents, much like RV insurance, may be available with some providers and policies. Make sure to have an experienced agent assist with the policy selection as well as explain all of the terms and conditions before finalizing the policy agreement. 

Finding The Right Coverage

It can be confusing when trying to shop for specialty insurance alone. That is why people who are looking for food truck insurance should work closely with an agent. People who live in or near the Wallingford, CT area can count on Lana Insurance Center Inc. to help them get the policy they need to protect their investment from potential hazards and gaps in coverage. In addition, they can help file claims or assist with policy adjustment as the food trucks grow and change to its business plan over the course of time. 

Those who are searching for high-quality food truck insurance or any commercial policy should call or stop by Lana Insurance Center Inc., serving the residents in and around the Wallingford, CT area today. We can get the ball rolling, so finding the right policy is quick and easy. 

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