Flood Insurance in Connecticut

You may assume that floods aren’t a risk you have to deal with in Connecticut, but this may result in catastrophe because floods can strike anywhere. While coastal and low-lying areas are at high risk of floods, flash floods can occur anytime and anywhere, putting your home at risk. So, what should you do?

Given the ubiquitous nature of floods, you need to consider flood insurance from Stratos Wealth Partners in Danbury, CT, to protect your investment. "But I have home insurance?" Unfortunately, typical home insurance doesn’t protect against flood damage. As such, you could be staring at uncovered damages if floods strike your Connecticut home.

What does flood insurance cover?

Flood insurance covers your building and its contents. If you purchase flood insurance through the National Flood Insurance Program (NFIP), you get building coverage of up to $250,000 covering the below:

  • Building and its foundation
  • Plumbing and electrical system
  • Window blinds
  • Permanent-fixed carpeting and other fixed appliances
  • Air conditioning system
  • Debris removal

If you purchase the optional contents' coverage, you get coverage of up to $100,000 that covers the below:

  • Personal items like furniture, clothing, and electronics
  • Freezers
  • Portable air conditioners
  • High-value items like jewelry have limited coverage
  • Clothing washers and dryers

While you can purchase flood insurance through the NFIP, you can buy it through an approved independent agent specializing in flood insurance. And the good thing with private carriers is that you get a higher coverage limit. Furthermore, you enjoy a shorter waiting period instead of the 30-day grace period by NFIP.

When is flood insurance mandatory?

Flood insurance isn’t compulsory in Connecticut, but your mortgage lender may insist you invest in it if you live in an area that is prone to floods. Besides, your lender may still require you to purchase flood insurance even if you live in a low to moderate flood-risk area. But whether required or not, you must purchase flood insurance to protect your home.

Buy flood insurance in Connecticut!

Shopping for flood insurance in Danbury, CT? Look no further than Stratos Wealth Partners! We will provide you with a reliable flood insurance policy that meets your budget and other unique needs.