What You Need to Know About Earthquake Insurance in Connecticut
Certain areas of Connecticut require flood insurance, but what about for earthquakes? In general, no homeowner is legally obligated to buy earthquake insurance, although some lenders may require it when you purchase property. As is the case with other natural disasters, standard homeowner policies do not cover earthquake-related damage. As a result, the homeowner must…
House Bill 5522 Could Raise Homeowners Insurance in Connecticut
According to a report in The Norwich Bulletin, House Bill 5522, now before the general assembly, has the potential to increase homeowners’ insurance premiums across the state. Proposed by Legislature’s Insurance and Real Estate Committee, HB 5522 focuses on the “crumbling foundation problem” that exists in northeastern Connecticut, but its effects could spread well beyond…
When to Take Out Scheduled Personal Property
If you keep valuables in your home, such as China dinnerware or another prized collection, you probably assume that these are covered by your standard homeowners’ policy. However, a full collection typically receives coverage of $1,000 to $2,000 so your policy might not cover everything if damage or theft occurs. As a result, a homeowner…
7 Must-Do Home Repairs
Part of maintaining a home is doing periodic repairs. Not only does it keep your dwelling in a good, livable condition, but it may also assist with lowering your homeowner’s insurance premiums. While there are always plenty of chores to do, from mowing the lawn to vacuuming the interior, keep these in mind: Repairing the Water…
Hurricane Preparedness
Hurricane Joaquin has formed into a major hurricane with winds exceeding 110mph. Joaquin is currently located near the Bahamas and is expected to travel due north up to the East Coast. Depending on the exact track the storm takes, landfall may occur over the next 3-5 days anywhere from North Carolina to Long Island, NY….
