What does my condo insurance cover?

Condo insurance isn’t always mandatory. But, for many, it is a necessity. If you rent or own a condo, your landlord likely already has an insurance policy. Yet many tenants incorrectly assume this covers them as well. This misconception can be costly.

Our experienced agents understand that nothing can replace a dedicated condo insurance policy. Serving the greater Stamford, CT community, Allkane Insurance lists four items every condo insurance policy should include.

Condo Insurance: What You Need To Know

Interior safeguards

An owner’s policy is limited. Often, these are restricted to covering the building structure itself. Condo insurance fills that gap by insuring the inside of units as well. Under these plans, flooring, cabinetry, walls, and any other permanent fixtures are shielded against destruction or damage.

Protection of belongings

Condo insurance extends to your belongings too. Furniture, electronics, appliances, and other valuables may be reimbursed or replaced in the event of a loss. This applies to theft, vandalism, and natural disasters, like fire and water. Refer to your policy to see what’s actually covered.

Liability insurance

Liability is the cornerstone of virtually every insurance policy. Condo insurance isn’t any different. If an accident occurs inside your residence, this reimburses for most property, medical, or other injury-related expenses for you, your family, or your guests. Legal fees may be included too.

Loss of use coverage

It’s important to be prepared. If a serious event forces you to temporarily relocate, condo insurance kicks in. "Loss of use" chips in for additional living expenses, like hotels, meals, and additional travel, that you may incur.

Give Us A Call

A personalized condo insurance plan is the only way to ensure proper protection. Allkane Insurance in Stamford, CT can help. Their trusted agents can create a policy that best meets your needs. Schedule an appointment today.

When should you review your life insurance?

Life insurance is a very personal decision and what is right for someone else can be all wrong for you. Life insurance needs to be personalized to fit your particular life circumstances. That changes over time and needs to be reviewed. At Allkane Insurance in Stamford, CT we take the time to get to know our customers so that we can make the right suggestions when it comes to the type of coverage that is right for them. 

Reviewing Your Life Insurance: What You Need To Know

Changing employment 

When you change your job, which most people do regularly, it can affect your benefits. Life insurance is often part of a benefits package. If this is the only life insurance you have, you could potentially be without coverage for a time. It is a good idea to have at least one life insurance policy of your own. You should have control of your life insurance, not your employer. 

Getting married 

While many marriages today are partnerships, rather than one partner being dependent on the other, it is still a good idea to have life insurance for each other. Most households count on both incomes to function at their best and doing without one could make it impossible to pay a mortgage. Change the beneficiary on any policies you had before you got married. 

Having children

When they say children change everything, they aren’t kidding. It’s time for long-term planning to make sure that you can protect them for over 20 years of their lives. Depending on what your income is and how many children you have, this can be quite a major investment. Talking to your insurance professional is vital to make sure you get it right. 

Contact Us Today

Contact Allkane Insurance in Stamford, CT, when it is time to review your life insurance. As independent agents, our team can offer you more choices and rates that suit your budget. 

Why Basic Auto Insurance Isn’t Always the Best Choice

When shopping for car insurance in Stamford, CT, there is always the temptation to stick to the cheapest option or one that just meets the state requirements. When purchasing car insurance, you need to strike a balance between cutting costs and getting coverage that meets your needs.

Don’t find yourself stuck in a financial mess because you chose basic insurance. At Allkane Insurance, we always advise our clients to stick their necks out for more car insurance options. Here are reasons why basic auto insurance won’t cut it. 

Why Basic Auto Insurance Isn’t Always the Best Choice

The limits are insufficient

If you opt to stick to Connecticut’s mandatory car insurance, you should have $25,000/$50,000 of bodily injury liability and $25,000 property damage liability. If you look at these amounts, you may think they are sufficient, but they are so little when you are at fault for a severe car accident.

We always advise our clients to consider higher liability coverage limits. Usually, 100/300/100 works for most motorists, but should you need higher coverage, umbrella insurance and excess liability are excellent options.

Basic insurance doesn’t cover you or your vehicle

Most states require motorists to maintain liability coverage as the minimum requirement. Liability coverage doesn’t protect you — it covers other people. For instance, bodily liability coverage covers medical costs of other people when you have caused an accident. This coverage doesn’t cover your injuries.

Because of this limitation, we always tell our clients to consider other car insurance options for all-rounded protection. Optional coverage options you can consider include:

  • Comprehensive and collision coverage
  • Medical payments coverage
  • Uninsured/underinsured motorist coverage
  • Roadside assistance coverage

Want to know whether you have the right amount of car insurance? Instead of taking chances, why don’t you get in touch with Allkane Insurance? Else, you can pop in our Stamford, CT offices for a one-on-one chat with one of our agents.

 

Finding the right insurance policy to protect your business

Allkane Insurance considers itself an important partner to the greater Stamford, CT area business community. If you are looking for a firm that can help you with all of your commercial insurance needs, we are here to help!

The right commercial policy for your business

Protecting your business is job number one. Building, sustaining, and growing a successful business takes a lot of time, energy, and dedication. And having the right commercial insurance portfolio in place is a large part of protecting it. To find the right commercial policy, you will need to consider a few factors.

First of all, consider the value of your business. Has it been appraised? If not, work with your financial team to determine the right amount of insurance you need to cover the entire value of your business as an ongoing entity. This is the first step. You will also need to consider tangible items like property, equipment, electronic devices, and commercial vehicles. Next come the intangibles. What would happen to the business if something happened to you? Key Personnel insurance coverage can help in that scenario.

There are a lot of different types of commercial insurance available, and these policies come with many features and add-ons. If you’re ready to take the next step in protecting your business, it’s time to sit down with a trusted commercial agent. Commercial insurance is the foundation of protecting your business.

Let’s work together

Stamford, CT area business owners rely on Allkane Insurance. If you are looking for an insurance partner, let’s work together. We are here for you to help with all of your commercial insurance needs. Give us a call today, or come by our office to find out more.

5 Common Misconceptions About Home Insurance

Most people have a lot of misconceptions about home insurance. Many people don’t even bother to get it because they think it’s too expensive or don’t need it. But the truth is home insurance is an integral part of protecting your home and your family. Here are five of the most common misconceptions about home insurance:

1. Home Insurance Only Covers My Home, Not What’s Inside It

People tend to believe that home insurance only covers the structure of their home and not its contents. But it’s designed to cover both. That means damages from theft, fire, and accidents are taken care of in most scenarios.

2. All Home Insurance Policies Are the Same

There are many different kinds of home insurance policies to choose from. Make sure you get one that fits your needs by researching beforehand. For example, if you’re planning on living in your home for a long time, it might be worthwhile to invest in replacement cost coverage rather than actual cash value.

3. Home Insurance Is Too Expensive

While home insurance can certainly be pricey, it’s often less than people think. And in the long run, it’s an investment you won’t regret when disaster strikes, and your policy saves you thousands of dollars.

4. If I File a Claim, They Will Drop Me as a Customer

Many people believe that their home insurance company will drop them as a customer if they file a claim. But the truth is, most providers want to keep their clients happy. So unless you’ve tried to defraud your home insurance company, you have nothing to worry about.

5. Home Insurances Covers Floods

While many states are subject to hurricanes, tornadoes, or other natural disasters, it’s important to know that floods aren’t covered by home insurance. If you live in an area where flooding is a concern, make sure you get separate flood coverage

There are many misconceptions about home insurance, but removing these roadblocks will make it easier and less expensive to protect your home and family. So do your research and invest in a policy today. Looking for home insurance in Stamford, CT? Allkane Insurance is here to help. Call us to learn more.

5 Reasons you need renters insurance in Stamford, CT

Renters insurance is rarely required. But Allkane Insurance understands it’s important.

Even if you don’t own a home, these policies protect your possessions. It’s an investment in safety, security, and peace of mind.

Serving Stamford, CT, Allkane Insurance knows that renters insurance is valuable. The agency shares five reasons every renter should purchase a policy of their own.

Landlord’s policy isn’t enough

Yes, any landlord will have their own policy. However, many renters will incorrectly assume that they are covered under this plan too. In fact, the policies safeguard the physical structure of a building only. Renters insurance is needed to fill in this glaring gap in coverage.

Protect possessions

Renters insurance protects any belongings inside. Furniture, appliances, electronics, and any other valuables may all be included. Your policy will reimburse if something is destroyed, damaged, or stolen. Every policy has a limit, so conduct an inventory to determine how much coverage you need.

Offer liability

Most insurance plans have liability. If an accident occurs where you are at fault, this coverage kicks in. Bodily injury or property damage are covered. Any potential medical costs and legal fees that result from an incident are also included.

Pay additional living expenses

Also called "loss of use," your renter’s insurance likely includes reimbursement for any extra expenses if you are forced to temporarily relocate. Although every policy is unique, it usually pays for meals, travel, and any new lodging.

Contact an agent serving Stamford, CT

With so many benefits, renters insurance is a must. Don’t delay. Call Allkane Insurance today.

Is Motor Home Insurance Required in Connecticut?

Motorhomes are one of the best ways to see all the beautiful scenery the East Coast has to offer. Many families elect to travel this way because it’s more affordable, convenient, and more fun than flying! 

If you are thinking about purchasing a motorhome and are in the Stamford, CT area, Allkane Insurance wants to make sure you’re well informed on the coverage options and importance of motorhome insurance in general. 

Connecticut state law requires that registered motorhomes carry liability insurance coverage that protects other drivers, passengers, or pedestrians against accidents that aren’t their fault. Liability insurance also covers property damage and injuries to others in accidents that are caused by you. 

While liability coverage is a good place to start, we recommend investing in more coverage in order to protect yourself financially,  along with any other assets you have. Purchasing a motorhome is not a cheap venture, and it should be protected as such. If you plan to keep your motorhome for many years, insurance will protect and maintain its value. 

Many unforeseen things can happen when we’re driving; from collisions to bad weather, anything can happen on the road. Let your trips be memorable while your motorhome is safely ensured, no matter what happens. 

Allkane Insurance serves the Stamford, CT area and has years of expertise insuring families with motorhomes. If you’re on the hunt for a new policy, want to increase your coverage, or see what your options are, we are here for you.

Reach out to us today and we’ll help you get a plan that fits your lifestyle, travel plans, and future goals. 

Why Every Biker Needs Motorcycle Insurance

If you have a bike, you probably love riding it. However, doing so brings you a variety of risks. It’s important to have motorcycle insurance to help mitigate the risks and keep yourself as protected as possible. If you have a motorcycle that isn’t yet covered by a motorcycle policy, give us a call today at Allkane Insurance in Stamford, CT.

Liability Coverage for Motorcycles

Motorcycle insurance policies are much like the policies in cars and trucks. They require some liability coverage that can help to protect you against sky-high medical bills that you may owe if you cause an accident with your bike. You need to have bodily injury liability in your policy as well as property damage liability. These each pay for damages that can be caused by your bike. The bodily injury coverage covers other people who become injured in an accident that you are at fault for and pays their resulting medical bills. The property damage coverage pays for damage that is done to another vehicle, a building, landscaping, etc. When you have these coverages in place, you are less likely to be sued for some of these damages. 

Other Types of Coverage

In addition to bodily injury and property damage liability, there are other types of coverage that you may want to have for your motorcycle, even if they aren’t mandated by law. Getting collision coverage protects your bike after an accident that you caused and allows your repairs to be paid for by the policy. Getting comprehensive insurance is another way to protect yourself. It covers many risks that exist to your bike when it isn’t being ridden. These policies can come in handy so that you don’t lose your bike after an accident. 

Motorcycle Coverage

If you have a motorcycle, you need this coverage to keep you driving legally and to keep you protected in case of an accident. To get your policy, call us at Allkane Insurance in Stamford, CT.

Is motorcycle insurance a necessity?

Sometimes, getting formidable motorcycle insurance in Stamford, CT that matches your unique needs and meeting your budget goals can sometimes be a daunting task. Prolific and affordable protection in Stamford CT, is a prerequisite initiative for all motorcycle riders. Motorcycle insurance is a shield for motorcycling enthusiasts in Stamford CT, where there are breathtaking sceneries to enjoy the liberty that only your motorcycle can offer. Motorcycle insurance is paramount to your protection as a rider on the road, as well as the rest of your safety gear. It caters to repairs, replacement costs and general medical expenses for any third party injured in an accident and costs for any property damage. Buying motorcycle insurance from a reputable insurer is the best way to ensure your coverage is adequate to avert the financial nightmare at your disposal. Contact our agents at Allkane Insurance and let our agents forge the most robust shield possible to safeguard you and your motorcycle.

Is motorcycle insurance a necessity?

Owning a motorcycle in Stamford, CT, is a significant step in life for any resident. Unluckily, many motorcycle accidents result in a fatality, indicating why superb protection is vital if you are a motorcycle owner. Motorcycle insurance is a worthwhile asset for the following reasons:

It’s a legal requirement.

It’s mandatory in Connecticut for any motorcycle owner to carry motorcycle insurance. Most motorcycle owners possess insurance because it’s a requirement by law. Motorcycle insurance is a prerequisite requirement before registering your motorcycle, and the consequences of riding your bike without the mandated minimum requirements by the state can attract dire consequences like fines and license suspension.

Liability protection

Suppose you propagate injuries or damage the property of other parties. In that case, liability coverage kicks in and helps settle the resulting expenses to cover repairs and other bills if you are deemed responsible.

Safeguard your motorcycle

Collision and comprehensive policies offer extensive coverage for your bike if it gets physically damaged in an accident. Collision pays for repairing or replacing your motorbike if it gets damaged from a collision with other motorists. At the same time, comprehensive coverage provides the same protection if your bike gets damaged by non-collision events, even if it gets parked at your home.

Provide coverage during emergencies

Have you ever wondered what could happen if your motorcycle runs out of gas or experiences engine failure in the middle of nowhere? Motorcycle insurance rescues you in emergency instances by enabling you to receive assistance if you need towing service or fuel.

Do you want to get detailed information about motorcycle insurance to guarantee protection for you and your motorcycle in Stamford, CT? Please call or visit us at Allkane Insurance to get the necessary assistance from our experienced and caring agents.

Is boat insurance mandatory in Stamford, CT?

If you’re planning to buy a sailboat or powerboat in the coming weeks or months, there is a good chance you’re thinking about your boat insurance options. If you’re wondering if you can skip the policy part or have so many questions about the coverage and limits, you’re in the right place. Allkane Insurance will help you understand your boat insurance needs and answer the question of whether the policy is mandatory or not.

Do you need boat insurance?

Stamford, CT  law does not require boat owners to have boat insurance. However, certain circumstances may force you to have boat insurance. For instance, if you use your boat as collateral for a loan, the bank holding the loan will likely need proof of boat insurance and list the bank as the payee in case of a loss.  Marinas may also require you to have boat insurance as a prerequisite to storing your boat in that location. 

Your risk level 

While the law doesn’t require you to have boat insurance, it is critical to understand that boat insurance is designed to provide financial protection for you, your family, and other boaters. You may feel like skipping the policy because you feel it’s not important at the moment. However, before you take your boat into the water, ask yourself whether you’re ready to buy another boat if your boat gets damaged or stolen. 

Depending on your water activities, you may be at risk of getting injured or injuring others. You may want to assess your needs, particularly your risk level, before buying boat insurance.

Smaller boats may be covered

Home insurance covers small non-motor boats up to specific limits. However, that doesn’t mean you shouldn’t buy boat insurance,  especially if you spend most of your time in Stamford, CT waters.

Looking to buy boat insurance? Let Allkane Insurance help you find a policy that matches your needs, style, and budget. Feel free to call and book an appointment with us today!