Connecticut is a beautiful state, situated along the Atlantic Ocean, with more than 600 miles of coastline. While the state has prime locations for ocean fishing and water activities, it's also vulnerable to devastating hurricanes. Connecticut has seen its fair share of hurricanes through the years, so knowing the basics of hurricane insurance is important, especially before a hurricane strikes. Make sure you have coverage; if not, contact a local insurance agent to get information about hurricane preparedness and to get quotes for an insurance policy.
Here is a list of just a few of the worst hurricanes to affect Connecticut:
CT and the surrounding New England area are a hotspot for hurricanes. All CT residents should have a disaster plan in place in order to prepare for these devastating storms.
Hurricane insurance isn't really a separate policy. If a hurricane is the cause of damage to your home, your homeowners insurance may cover it or may not. If wind, rain or debris causes damage, your homeowners insurance should cover it, less the deductible. Almost always, if there is home damage specifically caused by a hurricane and not just a wind or rainstorm, there is a specific hurricane deductible written into the policy. Typically, the deductible is a percentage of the total damage from the storm. This deductible percentage could range from 3 to 5 percent. You can compare quotes before you buy to make sure the homeowners insurance you're selecting has the lowest possible deductible and the best possible coverage.
If flooding causes the damage, your homeowners insurance will not cover the damage. The only way to get coverage for damage caused by flooding is to have a flood insurance policy from the NFIP in place.
The law may require homeowners insurance where you live, in addition to mortgage lenders requiring it. The law may also require flood insurance, so be sure to talk to your lender before purchasing a home in Connecticut.
Once you pay your deductible, your hurricane insurance coverage will cover damage from wind, rain, lighting and debris. There are typically two types of coverage:
Some insurance policies will require a separate deductible for each type of coverage. Once you pay the deductible, your insurer will reimburse you for the remainder of the damage. There are two forms of reimbursement to choose from when purchasing your policy:
It's very important to talk with your current homeowners insurance company to be sure that you have coverage against hurricane damage and that your coverage is sufficient to cover the total value of your belongings. This is another area where collecting quotes before you buy is a good idea - understanding how much you have to insure will help you get a baseline for coverage limits. From there, you can just find the lowest cost policy to buy.
Be sure to take a home inventory, writing down serial numbers, taking photographs of expensive items and getting an accurate total. Typically, you will want to double this total to be sure you have complete coverage.
The NFIP offers flood insurance, which all insurance agents sell to the public. The following factors determine your insurance quotes and ultimate cost:
A typical flood insurance policy will offer the following:
Standard dwelling coverage has two options:
In order to have your vehicles and boats covered against flood or hurricane damage, you'll need to get comprehensive insurance, which covers nearly everything that could damage your vehicles except a collision.
Your lender may require you to carry comprehensive insurance in order to secure a loan.
Making sure your home and possessions have coverage in the event of a hurricane can be confusing. Different coverage options and deductibles can perplex even the most well informed homeowner. Whether you're looking for new homeowners insurance quotes or flood insurance, or you have hurricane insurance questions, a Trusted Choice® agent is always available to help you.
Contact your local Trusted Choice agent for help whether you need coverage or just need more information.