• Post last modified:October 5, 2020
  • Post category:Insurance

We can’t begin to imagine what a horrible feeling it is to lose a home to a natural disaster like a hurricane or flood, or even a house fire.  Heart-wrenching, traumatic, discouraging are a couple of words I can come up with when referring to this type of loss, so attempting to prevent these occurrences from happening should be on the top of any Connecticut homeowners’ list.  Now we obviously have no control whatsoever over the weather, but we can certainly take steps to ensure that a lose is as minimal as possible.

So how can all ct homeowners insurance customers prevent these types of HUGE losses? Well it basically starts with the decisions we make.  Leaving candles on when you leave the home or go to bed is an obvious decision that can quickly lead to a house fire.  Not wrapping exposed pipes during the winter is just asking for frozen and burst pipes.  Choosing to ignore flash flood warnings and forgoing flood insurance can quickly lead to a fix that can cost you thousands! I think you understand the picture we are trying to paint.

So from an insurance perspective, here are a few things to keep in mind in the event of a ct homeowners insurance claim- first and foremost, have your dwelling coverage squared away.  This basically covers whatever the cost would be to rebuild your home (remember- NOT THE MARKET VALUE, THE ACTUAL COST TO REBUILD).  Additionally, remember that certain natural disasters are NOT covered under standard ct homeowners insurance policies.  Floods, earthquakes, sinkholes are just a few I can think of off the top of my head that require additional coverage… so make sure you’ve got it!

Once the dwelling stuff is squared away, the contents within your home need to have the proper coverage.  Think about buzz words like “depreciated items” and “cash value.”  Cash value gives you money to literally replace your items, whereas a different term known as replacement cost coverage reimburses you for the current value of the items.  I think you know which one you’d want.

And finally there is additional living expenses, which refers to what it would cost you and your family to live somewhere else while you have been displaced from your home.  No one wants to loose their home AND have to pay for the hotel to stay in, right? Yup, that’s what I thought as well.  That’s where this portion of your coverage really comes through.

So hopefully YOUR ct homeowners insurance is as good as it can be for the price you can afford- because you cannot AFFORD to have subpar coverage come back a bite you!