With the horrible storms that hit the Northeast last year, nobody can
say that they didn’t expect a difference on their insurance this year.
Luckily, this winter hasn’t lived up to the severity of last year’s, so
far less of us have had to claim damage on our homes from snow and ice
storms.
According to Boston.com, premiums on homeowners insurance is on the rise as a direct result from Mother Nature herself. Fortunately for us, the average annual premium on a traditional CT homeowners insurance policy only rose about 1% from 2007 to 2010. This past winter was one of the worse on record, for both homeowners and insurers. One company in paid out $50 million in homeowners insurance claims just from the winter storms.
In addition, it wasn’t just the winter wickedness. We had a tornado whip through in June, leaving many homes destroyed, and hurricane that left most of New England under water for quite some time. These storms weren’t confined to New England though, so don’t think we were the only unlucky ones. More tornadoes terrorized the south and midwest, as well as wild fires that always threaten those in the southwest.
So regardless of the location of your home, your homeowners insurance, even though it may be expensive, will be the best investment you can make to insure you and your family are taken care of in case Mother Nature decides to come down hard on the Connecticut area.