CT Homeowners Insurance Policies: FAQ’s

CT Homeowners Insurance Policies FAQ’sAs most homeowners know, there are many different options to include in your homeowners insurance portfolio. Depending on the type of home you have, its worth, the area you live in, and many other factors, your CT Homeowners Insurance Policies will vary. Therefore, let us take a closer look at the common frequently asked questions about this coverage.

Do I really need insurance?

Yes, this coverage protects against a broad range of perils that you face as an owner. This includes, but is not limited to, property damage, personal injury, theft, and more.

How is my home’s worth decided?

According to Rocky Mountain Insurance Information Association, state laws may dictate how losses are to be figured, which means the same insurance company may use one method in one state and a different method in another. The common methods are actual cash value, replacement coverage, and extended replacement cost.

If I’m on vacation, does my homeowners policy cover my personal items?

Yes, if you take your personal items on vacation, they are still protected by your policy as long as it’s a covered peril that causes you to lose or damage the item.

Is my vacation property covered?

If your vacation home is located in another state, your insurance company will likely to be able to cover it as they are able to operate in multiple states. However, you would only need property coverage as the personal property policy will already be covered under your existing plan.

I rent out my basement, are my tenants covered by my policy?

No, their personal items are not covered under your policy. However, the structure is insured under your homeowner’s policy. It is advised that they obtain their own renters insurance to secure their valuables and liabilities.

I work from home, is my business inventory and liability covered under my policy?

Yes, but certain limitations apply. Personal property or inventory is protected, however the reimbursement for these items may not be sufficient under a homeowners policy. Therefore, you should obtain a business insurance package to protect the inventory and equipment you use in your business if they are expensive and valuable.

At Byrnes Agency, we are here to serve your homeowners insurance needs. Our cost-effective solutions and our dedication to customer service have allowed us to serve Connecticut for over 80 years. For more information, contact us today at one of our three locations.

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Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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