Many people wonder about getting home insurance in CT. However, there are quite a few things that tend to stop us before signing the documents to buy it. Are you one of these people? If so, we are excited that you found our article in time! At Morin Insurance, we make sure that you find the right insurance policies for whatever reason you are looking for it. We make the process quick, easy, and affordable so that you can rest easy and be insured.
But for now, let’s look at some of the common myths that convince people into not getting home insurance in CT.
1. Homeowners Insurance is Too Expensive
Actually, home insurance costs less than you may think. According to the NAIC (National Association of Insurance Commissioners), home insurance costs about $1,200 on average. That is just about $100 a month. However, this number depends on the amount of coverage you get for your home.
2. All Coverage Includes Flooding
No, homeowners insurance doesn’t cover flood damage; flood insurance does. If you live in areas where you have a high risk of flooding, you might want to consider looking into flood insurance as well as homeowners insurance.
3. Coverage Amounts are Based on Market Value
This is not true. The amount of insurance you may need depends on the rebuild cost of your home. This means the amount of money it would cost to rebuild your home from scratch if your home were to be entirely destroyed.
4. Homeowners Insurance Isn’t Worth the Money.
There are actually several reasons why homeowners insurance is worth it in the long run. One of the biggest reasons is to save money when disaster strikes. No one can predict or prevent something bad from happening to your home. However, you can make sure that it is insured to ensure that you are not spreading unnecessary amounts of money trying to fix everything. Home Insurance protects your belongings as well as liability if you have guests in your home when something goes wrong.
Staying Safe and Insured
At Morin Insurance, you can rest knowing that everything in your home is safe. Whether you need home insurance in CT for your manufactured home or for your house, we have you covered.
