Connecticut Insurance for All Your Needs
Connecticut is full of things to see and places to visit. Attractions range from the Hammonasset Beach on the Atlantic to the Foxwoods Casino to the Maritime Aquarium. As a Connecticut resident, you may have a home or an apartment, a boat or an ATV and you may also own a business. Whatever your situation, you are going to need Connecticut insurance protection for your property, your livelihood and your family.
For a complete solution to all your insurance needs, find an independent agent in the Trusted Choice® network. Independent agents work with multiple companies so they can access many Connecticut insurance quotes to meet your needs. There are 278 Trusted Choice agents in the state and Connecticut ranks 20th in the country for agent-to-population ratio, so you should have no difficulty finding an agent in your area today.
Why Should I Work with an Independent Agent?
There are two kinds of insurance agents:
- Captive agents: These agents work exclusively with one insurance company, and any coverage they offer you will be a product of that carrier. A captive agent can offer you only the products of one company, whether they are right for your situation or not.
- Independent agents: These agents, on the other hand, represent a number of insurance companies. They have many more options obtaining Connecticut insurance quotes on your behalf. Whether it is personal or business, property or health, a Trusted Choice member agent can offer you many alternatives to meet your particular insurance needs.
An independent agent can shop for quotes among many companies for the Connecticut insurance plan that best matches your needs at a cost that fits your budget. Whether your coverage is placed with one company or several, you can get a complete insurance plan by doing business in only one office.
What Are Auto Insurance Requirements in Connecticut?
Connecticut requires that every driver carry minimum liability limits of $20,000 per person and $40,000 per accident in bodily injury coverage and $10,000 property damage coverage. Most drivers can benefit from much higher limits for adequate protection in case of an accident.
A complete automobile insurance policy will provide the following:
- Bodily injury liability: This covers the costs of third-party bodily injury and subsequent medical treatments after an accident you cause
- Property damage liability: This covers the costs of third-party property damage after an accident you cause.
- Uninsured/underinsured motorists coverage: This protects you and the occupants of your vehicle who may be injured by another party who does not carry enough insurance to compensate you for your injuries or damages.
- Medical payments: This coverage pays medical bills for anyone hurt while using your vehicle, regardless of fault.
- Comprehensive: This is referred to as "other than collision" coverage and will cover your vehicle for such things as theft, weather damage, fire or vandalism.
- Collision: This covers your vehicle for damage in a crash, regardless of fault.
- Roadside service: Many companies offer optional coverage for towing and roadside assistance.
Connecticut also requires that you carry evidence of insurance in the vehicle. This can be a copy of the declarations page of the policy or an insurance ID card.
Everyone's exposures and needs are different. If you work with an independent agent in the Trusted Choice network, you can obtain quotes and rates from multiple companies in order to get the Connecticut insurance coverage that is right for you at the lowest possible cost.
Finding Connecticut Homeowners Insurance
96% of homes in Connecticut are insured, though 64% are underinsured. In order to get the full benefit of your policy you should carry enough coverage on your dwelling to fully cover its replacement cost. A typical homeowners insurance policy will provide the following:
- Dwelling and other structures: The definition of dwelling includes the your house and attached garages or storage facilities. A separate limit applies to outbuildings on the same lot. There is also limited coverage for trees, shrubs and plants.
- Contents: This will include all your personal property within the home, but note that there are limitations on things like jewelry, furs, fine art, silverware, cash and stamp or coin collections. To fully cover these items, you will need a separate rider.
- Additional living expenses: This covers your extra out-of-pocket costs if you have to live elsewhere because of a covered loss.
- Liability: This covers your legal obligations to other parties for bodily injury and property damage up to the limits you set. For a covered claim, the policy will also pay for defense costs if you are sued.
Your building and contents coverage will be subject to a deductible. You should know that homeowners policies do not cover flood and earthquake damage typically. For these risks you may need a separate policy.
When shopping for homeowners insurance, a captive agent will be able to offer you a quote from only one company. An independent agent represents multiple companies and will be able to offer you a choice of Connecticut insurance quotes in order to find the policy that fits your needs and budget.
Finding the Best Connecticut Business Insurance
Business insurance can be very complex. A professional agent can put together a program that is right for you. Basic coverages for a business will include:
- Building coverage, assuming you own your own premises
- Contents coverage for everything you have in the building
- Off-premises coverage for mobile equipment, goods in transit or goods stored elsewhere
- Business interruption, which covers lost income if a covered loss causes you to stop operations
- General liability and commercial auto liability coverage for bodily injury and property damage to other parties
- Products liability to cover bodily injury or property damage arising from the goods you sell
- Vehicle coverage for damage to your own vehicles
- Workers compensation insurance to cover your obligations to your employees for on the job injuries
- Professional liability if you have an errors or omissions exposure
- Umbrella liability to provide excess liability limits
- Employee benefits like life, health and disability
- Key person insurance and/or life insurance to fund a buy-sell agreement for business perpetuation
These are only the basic coverages. If you have risks and exposures out of the ordinary, you may want to research other coverage options. Your best bet is to work with an independent agent who can shop for policies from multiple companies to find the best Connecticut insurance plan for you.
Finding Life Insurance in Connecticut
You might need life insurance in Connecticut for several reasons:
- You may want your employee benefit plan to include a life insurance option
- You may want life insurance personally to protect your family and heirs
- Life insurance can be used to fund business needs like insuring a key employee or to fund a business perpetuation plan
There are many different versions of life insurance like term life, whole life and universal life. You need an experienced agent to work with you so you get the right coverage for the least cost. An independent agent can give you multiple Connecticut insurance quotes so you can find the coverage you need at a price that meets your budget.
Finding Health Insurance in Connecticut
With the pending implementation of the Affordable Care Act (ACA), the entire health insurance industry is in a state of flux. If you are looking for personal health insurance, here are a few of your probable options:
- If you get your coverage through your employer now, be aware that the benefits and premiums may change starting in 2014.
- If you don't get employer provided coverage, you may go on the state insurance exchange starting October 1st, 2013 and obtain a quotation, assuming the exchanges actually work as projected.
- You can also go into the open market to obtain coverage. There you will have various choices like an HMO, a PPO, a high deductible plan or a plan with relatively full coverage.
- If the plan you buy does not meet the basic requirements of the ACA, you could be subject to a fine.
If you are an employer looking to offer health benefits to your employees, it is important that you find an experienced agent who can help you work through the rules and regulations governing employer-offered health coverage starting in 2015. This will ensure you won't face any fines or other unexpected changes.
Please note that this brief discussion is not a complete analysis of the ACA.
Buying Boat Insurance in Connecticut
Because Connecticut residents enjoy an extensive Atlantic Ocean coastline plus many inland lakes, rivers and streams, boat ownership is very popular. Connecticut law has certain requirements for boat ownership. Vessels that meet the following criteria must be registered:
- Any boat with a motor
- Any boat 19' 6" or longer
- Any personal watercraft
The state does not require insurance. That said, it is always best to carry a proper watercraft policy which will provide for the following:
- Bodily injury and property damage liability
- Hull coverage on your boat itself
- Optional coverages for equipment, towing and pollution
If you work with an independent agent, you will be able to access multiple quotes from different carriers and pick the policy that is right for you at a price that fits your pocketbook. Contact a member of the Trusted Choice network to get the best Connecticut insurance at the lowest cost.
Obtaining Connecticut Insurance
Whether you need personal insurance or business insurance, a professional agent who understands your needs and can access multiple companies is a great resource to have. Agents in the Trusted Choice network are committed to providing you with the best service they possibly can.
There are 278 agents in the Trusted Choice network in Connecticut, so help is right around the corner. Contact a member agent near you who can service all your insurance needs.