The thing about CT home insurance is that it’s relatively simple, but can get really complicated and convoluted, really quickly. The thing is, you can’t compare it to any other policy, like car insurance, because a CT home insurance policy has so many details built into it because, well, it’s your home, and there’s a lot going on there! So in order to avoid making a costly mistake when shopping for CT home insurance, take a glance at a few of the following most common mistake people make.
Price is NOT everything. There are certain things that you can get away with in going the cheap route, but CT home insurance isn’t one of them. If you skimp out on some important coverage, you may be putting yourself, your family, and obviously your home, in some serious trouble. And here’s another thing, remember to insure your home for the cost of replacing it, not its market value. This means that even though you purchased your home for $250k, you should have it insured for $300k.
Mother Nature can be brutal. As we are well aware from that awfully cold and snowy winter, the weather can cause some serious havoc to your home’s exterior. And the summer is no exception, because hurricanes, lightning strikes, and floods are threats as well. Here’s the thing though- something like flooding requires an addition flood insurance policy. So if you live in a flood-prone area, or on the shoreline that often gets hit with strong tropical storms and/or hurricanes, then chances are you should look into addition flood/hurricane coverage.
Liability, liability, LIABILITY! Simply put, this part of your CT home insurance policy is perhaps the least understood by homeowners. The general rule of thumb is to carry a minimum of $500,000 in liability coverage. Now we could bore you with endless scenarios regarding liability, but just take our word for it, you never know what could happen on your property- not trying to be a Debbie downer, but we have to be realistic folks!