Flood Insurance in Connecticut

Building your home after a flooding event can be financially draining, especially if you don't have any form of insurance. Connecticut is not new to floods, and many people still don't know that home insurance does not cover floods. Whether you live in a low, moderate, or high-risk area, Brent Young Agency LLC recommends having flood insurance to ensure that you're financially prepared in case of this unfortunate event. Here is what you need to know about flood insurance.

What is flood insurance?

Flood insurance is a type of property insurance designed to protect your home and its contents by repairing or replacing damaged items after a flooding event. Flood insurance is available for both commercial and residential properties in Manchester, CT.

How does it work?

Flood insurance is catastrophic insurance, which works differently from other insurance policies like home insurance. Flood insurance covers the dwelling and its contents explicitly--there is no liability or medical coverage. It is also critical to note that flooding caused by negligence or poor house conditions may not be covered.

For instance, flood insurance may not cover the damage if flooding occurs due to a leaking roof. You'll need to utilize home insurance to repair the roof and other water-related damages. Flood insurance comes with a 30-day waiting period. That is why insurance experts encourage residents to buy the policy as soon as possible to avoid future inconveniences.

Who needs flood insurance?

If it rains, it can flood. That means no one is safe from floods in Connecticut. If you're buying a home in a flood-prone area, your lender may require you to carry flood insurance. Those in high-risk areas should purchase flood insurance and carry a separate coverage for sewer backup. The law does not require flood insurance, but experts agree that it's critical coverage everyone should have.

Take the necessary steps to protect your home or commercial property from flood damage today. For more information, quotes, questions, and policy discussions, please feel free to contact Brent Young Agency LLC in Manchester, CT.