Important Information on Flood Insurance

We have received numerous phone calls these past few days from many of you asking whether or not your homeowner's policy covers flood. Unfortunately, it does not.

Flood insurance is a specialized type of property insurance designed to cover losses due to flooding. Flooding is defined as an overflow of water onto normally dry land. This excess groundwater can occur due to heavy rainfall, melting snow, hurricanes, overflowing rivers, etc.?

Below are some key points about flood insurance:

?Protects the structure of your home or building, including the foundation, walls, and electrical systems.

??Covers your personal belongings, such as furniture, appliances, and electronics, within the insured property if you choose to add this coverage to your policy.

?Premiums differ based on factors such as the property's location, elevation, and the amount of coverage chosen. Premiums can be relatively low for properties in low-risk zones but can be significantly higher in high-risk zones.

?A 30-day waiting period from the purchase of flood insurance until coverage takes effect. ?

At CT Insurance Exchange, we offer several options for flood insurance depending on your risk. We offer the National Flood Insurance Program (NFIP), a federal government program, with standardized coverages for higher-risk dwellings. If your home falls in a lower-risk category, we have several Private Flood Carriers providing broader coverage for a lower premium.

If you would like to discuss obtaining a flood insurance quote for your home, please call our office at 860.276.1255 and any of our knowledgeable agents can help you! ?