Understanding Home Insurance Coverage

Understanding Home Insurance Coverage

home insurance CT

Closing on your first home is one of the most exciting milestones in life. When youre ready to make your first home a done deal, your lender will likely require that you purchase home insurance in CT. While home insurance is required in most states, you might not be aware of what protections that policies offer.

When you purchase home insurance in CT, there are several different options to choose from. Most policies offer the basic dwelling coverage, which protects your homes structure from damage sustained from natural disaster. In the event that a fire occurs and your home is left damaged or completely destroyed, your home insurance will help you cover the costs of repair.

If youre interested in comprehensive coverage that offers more than basic coverage of the structure of the home, ask your insurance agent about other types of coverage. If you own several valuable possessions that would have a major impact if destroyed or stolen, purchase contents coverage. This type of coverage is extremely helpful for households that own expensive possessions like high-end furniture and clothing.

Another type of helpful coverage for homeowners is flood insurance. Not all basic home insurance policies cover flood damage, so this extra coverage is a must-have if you live in an area that is known for flooding.