Connecticut Home Insurance

Connecticut homeowners have some of the highest cost of living out there, which is why homeowners insurance is even more important for residents of the Constitution State. With expenses as high as they are, protecting one’s home from disaster is the best step towards peace of mind and financial security for what is the biggest purchase of most people’s lives. To make things easy for Connecticut residents, The Simple Dollar has put together a wealth of information and resources about the housing market and homeowners insurance in Connecticut.

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Stats in Your State

To compare Connecticut home insurance premiums and stats and get a better sense of where you stand compared with your neighbors, read through the graphs and stats below. You’ll also find graphs outlining key factors that affect the price of homeowners insurance in Connecticut.

Homeowner Insurance Premiums

Between 2000 and 2008, the average yearly homeowners insurance premium in Connecticut climbed from roughly $570 to just shy of $1,000, a steady yearly increase that stayed slightly higher than the U.S. average throughout.

Renter Insurance Premiums

Renters insurance premiums for Connecticut tenants have been steadily higher than the national average, though unlike the steady climb of homeowners insurance over the decade, renters insurance premiums dropped along with the national average following a peak in 2004.

Existing Home Sales

Home sales in Connecticut across the 2000s, much like the rest of the country, peaked in 2005 before nose diving across the latter half of the decade, coinciding with the housing market bubble.

Flood Insurance in Region

Compared with its neighboring states, Connecticut takes the cake when it comes to flood claims. In 2011 alone, 4,145 flood damage claims were filed totaling over $95 million in damages.

Homes Built

Connecticut’s historic nature is evident in the graph below, which indicates that a quarter of Connecticut homes were built prior to 1940, and nearly half of all homes were built prior to 1960.

Rules in Your State

The regulations for Connecticut insurers and homeowners policies are fairly straightforward, with specific regulations set forth governing how property insurance policies are structured and handled. Read on to the links below to learn the rules for homeowners, landlords, and tenants below.

Connecticut Insurance Regulations: Unfair Insurance Practices: The General Statutes of Connecticut, Title 38a, Chapter 704 of the Insurance Regulations defines specific unfair practices which insurers must not use against consumers.

Property and Casualty Insurance Statutes: The General Statutes of Connecticut, Title 38a, Chapter 700 sets forth specific rules and regulations for property and casualty insurance policies that govern how they are to be structured and handled.

Rights and Responsibilities of Landlords and Tenants in Connecticut: The state legislature has produced a specific set of rights and responsibilities for Connecticut renters and landlords.

Representatives & Resources in Your State

Use the following links to learn more about homeowners insurance in Connecticut and to connect with your local government for support with claims or other issues.

Connecticut Insurance Department
PO Box 816, Hartford
CT 06142-0816
(860) 297-3800 or 1 (800) 203-3447
Contact Info Page
Consumer Complaint Resource
Use the above link to file a complaint against an insurer if they have acted unfairly or compromised your rights.
Homeowners Insurance Information
The Insurance Department has put forth a brochure for consumers to learn more about different types of homeowners insurance in Connecticut, as well as an overview of choosing the right coverage for your home.

Disaster Relief and Claims
FEMA Region 1 Contact Information
Connecticut’s coastline on the Atlantic makes it familiar territory for the Federal Emergency Management Administration (FEMA). Whether it’s flooding, storms, or hurricanes, Connecticut residents have a number of looming natural disasters. The above link provides contact information for the regional FEMA offices.