Lana Insurance Center Inc

1259 South Broad St
Wallingford, CT 06492

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Medicare Insurance FAQs

When you reach the age where you are eligible for Medicare, you have choices. Many myths exist about advantage plans and what they do and do not cover. You may not realize all the ramifications of your decisions. At Lana Insurance Center Inc. in Wallingford, CT, we are here to help guide you and to answer your questions about the choices you must make when it comes to your Medicare coverage. 

Medicare Insurance FAQs

What is a Medicare Advantage Plan?

A Medicare Advantage Plan is coverage provided by private insurance companies that covers the same things that Medicare covers. The advantage is that many of the plans include your prescription coverage. You may also get lots of other benefits, including membership in a gym, dental coverage, OTC money to spend, and more. Some cost no more than your Medicare payment, others have a monthly fee. 

What does Medicare Supplement (Medigap) pay?

Medicare doesn’t cover 100% of medical care. Medigap insurance helps to fill in the gap between what Medicare pays and what is actually charged. Private insurance companies provide coverage. 

What do I need to know about Medicare Part D (prescription plans)? 

Traditional Medicare doesn’t have prescription coverage, you have to buy it separately. You may not be aware that you are required to have a prescription plan once you become eligible for Medicare. If you have creditable prescription coverage from another source, you may be able to avoid the penalty you are required to pay for not having it. Keep records of your other coverage to prove you had it. The penalty will be added to your Medicare prescription coverage once you do get it and it will never go away, ever. Since it is a percentage, if the premium goes up, so does your penalty. 

Give Us A Call

Contact Lana Insurance Center Inc. in Wallingford, CT to discuss what options you need to consider when it comes to Medicare insurance. 

I Have A Life Insurance Policy Through My Job. Do I Need To Buy Another One?

Many people have life insurance policies through their jobs. This is a great way to get coverage since it is usually cheaper than buying a policy on your own. But is this the only policy you need? Probably not. In most cases, having two life insurance policies is better than having just one.

Here are some reasons why:

Your Work Policy May Not Be Enough

The policy that your employer provides is probably not enough to cover all of your expenses if you die. Most work policies only pay out a few hundred thousand dollars, which may not be enough to cover things like your mortgage, college tuition for your children, or other debts and final expenses.

You May Not Be Covered If You Leave Your Job

If you leave your job, your life insurance policy will usually go with you. But there are some exceptions. For example, if you retire or are fired, you may not be able to keep your policy. So it’s vital to have a second policy that is not through your employer in case you lose your first one. Talk to Lana Insurance Center Inc. in Wallingford, CT to understand more about getting additional insurance in case you lose your job.

You May Want Different Types of Coverage

Employer-provided life insurance policies are usually "term life" policies. This means they only provide coverage for a certain period, such as five or ten years. But you may want a "whole life" policy, which provides coverage for your entire life. Or you may want a "universal life" policy, a type of whole life policy with more flexibility. So if you want different types of coverage, you may need to purchase more than one policy.

Contact Us Today

As you can see, there are many good reasons to have two life insurance policies. If you have a policy through your job, that’s great. But don’t stop there. Get a second policy from Lana Insurance Center Inc. in Wallingford, CT to ensure you and your family are fully protected.

Why You Need Condo Insurance

When you own a condo, you have a home that is yours for as long as you want to keep it. It’s important to cover that investment with a condo insurance policy. This type of policy covers you in a number of ways all in one insurance policy. When you have a condo and aren’t insured, call us at Lana Insurance Center Inc. in Wallingford, CT to help you get started. 

Why You Need Condo Insurance

Protection for Your Condo

Your condo is likely your largest investment, and it needs to be protected with an insurance policy. Your condo insurance will cover the condo itself with enough protection to pay for large repairs, or even rebuilding if it’s needed. When you have this insurance and a covered incident happens that damages your condo, the policy pays for the necessary repairs. This is vital coverage to have with the high cost of repairs. 

Protection for Your Belongings

It’s important to have this coverage because it protects your possessions as well. When you have this coverage, it can pay for your possessions that are lost in a damaging incident. Issues like disasters and accidents can happen, and they can ruin your belongings. When you have a damaging incident occur, you could be left with nothing if you don’t have this coverage in place. 

Liability Protection

Condo insurance also gives you an amount in liability coverage. This protects you in case someone comes into your condo and has an accident with injuries there. This coverage pays for the expenses of this person, including lost wages and medical bills. It’s always smart to have this coverage in place so that you don’t have to face paying for these expenses by yourself. 

Get Your Condo Insurance

If you own a condo, it should be protected. To get started, call us at Lana Insurance Center Inc. serving the greater Wallingford, CT community. 

When Should You Review Your Home Insurance?

Your property value will change over time, especially as you make improvements. Although your home insurance policy provided the necessary coverage when you first got it, it doesn’t mean that it still does. Because your home insurance needs to change as your house changes, you should review your coverage to ensure it is on track. Lana Insurance Center Inc., serving Wallingford, CT, shares a few instances when you should review your home insurance.

When Should You Review Your Home Insurance?

Remodels

You can add value to your property when you undergo significant remodeling projects. This is particularly true if your focus is in the kitchen or bathroom. In the event that the remodel causes your market value to increase, your existing home insurance policy may not be adequate any longer. It is important to review your policy after remodeling to ensure you are covered in the event of a disaster.

Safety Improvements

When you make security improvements to your home that can protect accidents from occurring, you will usually immediately reduce the insurance company’s risk. These improvements can be anything from flame-resistant roofing materials to a security system. When safety and/or security improvements are made, it is important to speak to your insurance agent, as there may be savings in store for you. 

Swimming Pool Installation

If you decide to add a swimming pool, trampoline, or other potential hazards, you should speak to your insurer beforehand. Although these items can be incredibly fun, they also increase the risk of an injury to occur. More often than not, an increase in your home insurance coverage will be needed to ensure you are properly covered.

If you have decided it is time to review your home insurance policy, speak to Lana Insurance Center Inc., serving Wallingford, CT.

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.

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 protect the owner from losses due to various risks. 

Do Food Trucks Need Commercial Insurance?

In a sense, food truck insurance is commercial auto insurance but has a hybrid policy’s qualities. 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 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. 

3 Reasons to Personalize Your Life Insurance with an Agent

Personalized Life Insurance

Life insurance doesn’t need to be complicated. In fact, if you personalize your insurance with your agent to meet your needs, you will know exactly what you are getting. That’s why it’s ideal to talk to an expert at the Lana Insurance Center of the greater Wallingford, CT area. 

Some Benefits to Customizing Your Life Insurance

There are 3 common reasons you should sit down and talk with an independent agent to determine your life insurance policy’s details. 

Customer Service Is Better

When you visit an independent agency, you can get answers to your coverage questions or assistance with an insurance claim quicker and from a live person. Whether you call, send an email, or make an appointment to discuss matters in the office, you’ll have peace of mind knowing that you’re getting solid answers that reflect your specific situation. 

Community Involvement

When you’re going through an agency in your area, you know they have a vested interest in your community. They may support youth sports, have staff who serve as members on the boards of non-profit organizations, and otherwise know a great deal about the area to better assist you when it comes to recommendations and more. 

Optimal Advocacy 

An independent agent will advocate for you when it comes to issues that arise. It could be a problem with billing, a mistake with your policy, or some other concern with your coverage. You’ll be able to talk to someone and get it cleared up fairly quickly. 

Affordable Life Insurance in Wallingford, CT

If you are looking to purchase life insurance, contact us at Lana Insurance Center of Wallingford, CT. Our team of agents can help you get the best policy to match your needs. We look forward to serving you.

Types of Commercial Insurance for Small Businesses

Small business owners have different insurance needs than large companies. These needs are also different than personal insurance needs. Selecting the right commercial policies are important for the stability of your business. If you are a small business owner in Wallingford, CT, consider commercial insurance from Lana Insurance Center Inc. 

Commercial Liability

Most small businesses will need a general commercial liability policy. This policy will cover claims from damage or injuries that occur on your business property. If you have a physical business, you will need a general liability policy. It may also cover libel and slander claims. 

You might need professional liability as well. General liability covers claims not related directly related to your product or service. Professional liability covers claims that come from defects in your work or product. If someone slips inside your store, general liability will cover it. If you make a surgical mistake, it would be covered by professional liability. 

Commercial Property Insurance

Commercial property insurance covers buildings on your property and their contents. This includes business equipment and inventory. This coverage is needed for stores, factories, warehouses, and office buildings. If you own a home-based business, you may still need a commercial property policy to protect expensive business equipment and inventory. 

Worker’s Compensation Insurance

If your business has any employees, Connecticut law requires you to have worker’s compensation insurance. Sole proprietorships are exempt from the requirement. Worker’s compensation will cover injuries and missed work time if an employee is injured on the job. 

Choosing the right commercial insurance policies can be difficult. Our friendly agents will learn about your business and your specific needs so they can make the right recommendations. Contact Lana Insurance Center Inc. in Wallingford, CT to learn more about our policies. 

Choosing Home Insurance That Meets Your Needs

When it comes to home insurance, it’s vital to choose a policy that meets your needs. If you’re in the Wallingford, CT area, Lana Insurance Center can help you find a policy that’s going to work for you. Our dedicated agents understand that insurance is a personal choice and that the coverage you select should fit your lifestyle and protect you properly. You don’t need to settle for anything less than that.

Meeting your needs can mean everything from a full suite of coverage options to the most basic type and level of protection and everything in between. If you have a mortgage on your home, you’ll also need to consider that your lender may have requirements for the kind of coverage you’ll be asked to carry. That’s the beauty and value of having options and a trusted company that’s on your side and committed to helping you find the right policy. What’s right for your situation might not be right for someone else, and that’s perfectly fine. We offer several policy options for you to consider, and we’re happy to answer your questions so you can have the right policy along with plenty of peace of mind.

If you’re in or near the Wallingford, CT area, reach out to us today at Lana Insurance Center and let us help you find the best home insurance policy for your specific situation. We know that good coverage is critical, and proper insurance can help you feel secure in your home. Whether you’ve lived there for a long time or you’re just moving in, being properly insured is an important part of homeownership. Not only can it protect you if something goes wrong, but it lets you enjoy life without nagging worries about your home in the back of your mind. Let us help you let go of those worries today.

What First-Time Homebuyers Need to Know About Home Insurance

First-time homebuyers make up approximately 33% of all buyers, according to the National Association of Realtors. As a first-time homebuyer, you’re new at this. You’ve never done it before, and your lack of knowledge could cost you time and money with home insurance. Griffin Insurance Agency in Mooresville, NC specializes in working with first-time homebuyers. So, here are some tips you should know if you’re a first-time homebuyer in need of home insurance.

Start Looking for Coverage Options Early

We offer quotes for home insurance coverage no matter where you are in the home-buying process, but it’s better to start early so you have a better idea of the cost. We can make sure you get reliable coverage for your new home.

Determine the Best Insurance Value

As your local insurance provider, we help you understand what level of coverage you need and what that will look like for premiums. Your home insurance does not have to cover the full market value.

What to Consider in Home Insurance Coverage?

We work with you to deliver the level of coverage that you need, based on your unique circumstances. There are overarching home insurance considerations for all new homeowners.

Personal Property

Check the limits for personal property to see coverage and liability. We work with you to determine how to increase that coverage if needed to cover your most valuable belongings.

Guest Medical

This coverage pays the person’s medical expenses when he/she is injured on your property.

Dwelling Coverage

This coverage protects the structure of your home.

Liability Coverage

This type of coverage protects you if a person sues you because of an injury or fault with your property.

Additional Living Expenses

When a covered damage-and-repair situation makes it impossible to live on the property, this coverage pays for your living expenses, including a hotel room.

Exclusions

Check the exclusions for your policy. We can work with you to determine if you need additional coverage to mitigate exclusion situations.

Schedule an Appointment with Griffin Insurance Agency

Our goal is to make the process of getting your home insurance for your new home as quick-and-easy as possible. That’s why we quickly respond to your needs, and we offer our recommendations for the coverage to protect your new home. We’re here to answer all your questions and walk you through the entire process. It’s the right coverage at the right price for you. Learn more about auto insurance from Griffin Insurance Agency in Mooresville, NC.

Our Partners
  • Guard
  • Liberty Mutual
  • Metlife
  • Nationwide
  • Progressive
  • State Auto
  • Travelers