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While we continue to pray for those affected by the horrible events in Oklahoma and the Mid-West, it makes us stop and think about how our whole lives can be turned upside down within an instant. Entire livelihoods can vanish in the blink of an eye and can leave a feeling of emptiness and loss that no one wants to experience.
That’s why having the best CT homeowners insurance policy possible is the first step in making sure that your most valuable items will be covered in the event of a catastrophe, like a tornado or fire. We may think that a tornado isn’t very likely to hit around here, but have we forgotten about the one that ripped through Massachusetts, only a few miles away from us in Stafford Springs, that leveled homes? This is why you need to know the ins and outs of your homeowners policy,to ensure that everything you want to be covered, will be covered. Most homeowners assume that everything is covered, but likely, there’s probably a few things that aren’t.
Here are some of the most common misconceptions about CT homeowners insurance:
1) Home insurance has everything covered! Nope, sorry, not entirely true. For instance, say you have some pretty valuable items in your home, like furs or jewelry.Your policy may cover the lost up to $10,000, but anything over that, it’s coming out of your wallet… UNLESS you have a separate policy covering those goods- something we highly recommend.
2) Natural disasters are covered, like flooding. Wrong again. While tornadoes, fire, lightning strikes, etc. are covered, floods are not. Flood insurance is a separate policy that you should definitely have if you live in a high flood zone.
3) Your car was broken into while you were in the city- is it covered by your car’s insurance? No, actually, it isn’t. It’s in fact covered by your home’s coverage because the theft of any personal belongings is technically under the policy. How sweet is that?!
4) The home policy should cover the market value of your home- This is a resounding NO! Your coverage should be based off of the total replacement cost of your home, not the market value. Easy enough,but often overlooked. Don’t fall victim to this!
So hopefully these few tips should have you thinking about your CT homeowners insurance, if for nothing else then knowing that everything you think is covered, is actually covered. Any more questions? Give us a call! 860-684-5270