Even though you might not think of Connecticut as a “flood-prone” area, the truth is that flooding can happen to any home, and it will often happen at a time when you least expect it as a result of hurricanes, excessive rain or snow, or even just overflowing local rivers and storm drains. It’s important to insure your belongings and your home with the protection of Connecticut insurance that covers floods. Here are three things you should know about this type of coverage.
- Only Flood Insurance Protects You From Floods
Many people mistakenly believe that their homeowners insurance policy will cover flood damage, but the truth is that you must have Connecticut insurance that specifically covers flooding or you are not protected from the severe financial damage and losses that occur as a result.
- Anyone Can Get Flood Insurance Protection
Just because you don’t own your home doesn’t mean you won’t qualify for flood insurance. Renters, homeowners, condo owners, and even businesses can purchase policies that cover the building, its contents, or both. In most cases it is a very affordable type of insurance, particularly if you live in a low to moderate flood risk area.
- There are Different Options for Purchasing Flood Insurance
Homeowners who live in high-risk areas can purchase Connecticut insurance from the National Flood Insurance Program (NFIP), but you don’t have to live in one of the 20,600 designated communities with higher risk to get flood insurance.
In areas with low to moderate risk, talk to your insurance provider about a low-cost preferred risk policy. Flood insurance is intended to protect your home, but not everyone is aware that they need to purchase it as policy separate from homeowners insurance. Protect yourself and your home by getting this type of coverage today.