Now that summer is officially over and done, Connecticut residents are pondering just when the next major storm will arrive. There have been so many devastating events in recent years, and this 2016 has already experienced some disastrous results from fierce weather patterns developing. The news has been filled with stories of family homes devastated or destroyed, brave individuals coming to the rescue of trapped and stranded neighbors, and people forced to survive for long periods of time without power.
Insurance provides important solutions
If you’re a new homeowner to the area you should have already begun the process of obtaining ct home insurance quotes so that you can be well prepared in the event of a catastrophic event. In the aftermath of these storms insurance agents understand the concerns of their clients and work hard to process their claims as quickly as possible.
Questions many homeowners need answers to include whether there’s enough coverage to fix their house. The fact is that many homeowners fail to purchase adequate coverage and then don’t understand why they’ve come up short after tragedy strikes. Speaking to an agent who specializes in homeowner’s coverage can help with decisions about just how much insurance will provide enough coverage when an event of this type occurs.
Most people understand the need to purchase a coverage limit based on the cost to rebuild, but few know what these limits are, or if they currently have the appropriate policy for their needs. When living in higher risk areas you’ll be better off with a policy that has guaranteed replacement cost (GRC), or at least extended replacement cost with generous coverage extensions, in order to ensure your home can be rebuilt when the cost to do so exceeds policy limits.
What if you decide not to rebuild at the same location?
This is a very good question, and the best answer is to find an insurer that will allow you the option to receive a cash settlement up to the policy limit, rather than force you to rebuild in a place that is highly likely to sustain damage again when you’d prefer to live in a less volatile area. No one really wants to replay the same scenario over and over again.
Speak to an agent about ct home insurance quotes that can suggest the right provider for the coverage you may need.