• Post last modified:October 5, 2020
  • Post category:flood insurance

commercial floodWe’ll be talking about hurricanes and flooding for the next couple of days because, well, it’s that time of the year! Hurricanes are coming, especially in the next few months, so being prepared as a Connecticut homeowner is incredibly important, not only for your safety, but for your financial stability as well.

Here’s a startling statistic: over the course of the past five years, a flood or flash flood event has occurred in all 50 states. ALL FIFTY STATES! That’s unbelievable if you ask me! So what does this mean for CT homeowners insurance policy holders? Well, it’s simple- everyone is at risk, EVERYONE. If every homeowner understood their flood risk and how affordable flood insurance can be, many more would opt for coverage.

Here’s a question for you- do you actually know how much damage is caused from a flood, say from a bad summer storm or hurricane? Well, to give you a good average, from 2007 and 2011, the average flood claim was nearly $33,000. We’ll let that sink in for a second. Here’s another startling fact: location really doesn’t matter. When you think about hurricanes, chances are you think about Florida, as it’s the state that gets hit most frequently. But in terms of damage, Florida averages around $22,000 in damages. Now while that seems high, it’s nowhere near other states and their average homeowner claims. Below are some of the highest:

  • Nevada: $43,895
  • North Dakota: $44,911
  • New Hampshire: $45,469
  • New York: $67,107

Remember, even a few inches of water in a dwelling can result in thousands of dollars of flood damage. Few homeowners have the resources to handle that type of hit to their finances. So having solid ct homeowners insurance and Hartford flood insurance will have you recovering a lot quicker if a storm strikes during this hurricane season.