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Flood Insurance in CT – River maps

Flood Insurance in Connecticut

This blog will answer common questions that we get about flood insurance in Connecticut.  We will also share some statistics and links if you get really into the research for flood insurance in Connecticut, This page is our attempt to pull all the information you could be interested in precisely the cost of flood insurance in Connecticut. We will also review the difference in The “Constitution State” NFIP policies and Connecticut’s Private flood Insurance Market and finish up with CT’s Lloyd of London Flood Insurance companies. We would like to hear your thoughts so, please share, comment, ask questions or if you want us to explore a topic further let us know. To keep it easy we have some quick jumps to sections that you might be interested in learning more. Enjoy. Your flood Nerd. 

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Yes Start Shopping my FLOOD INSURANCe

Does my homeowner’s insurance cover flooding?
Do I need flood insurance in Connecticut?

What are my flood insurance options in Connecticut?
Connecticut NFIP flood insurance
Connecticut private flood insurance market
How much does flood insurance cost in Connecticut State?
How to save money on Flood Insurance in Connecticut’s VE flood zone
Five things you need to know about flood insurance in Bridgeport CT
Connecticut Flood Insurance calculator
Cost of flood insurance in Connecticut? (click on your city to find the average)


Bridgeport, CT
Average Cost of Flood
Insurance $1,055
Fairfield, CT
Average Cost of Flood
Insurance $1,610
Greenwich, CT
Average Cost of Flood
Insurance $1,502
Norwalk, CT
Average Cost of Flood
Insurance $1,678
Stamford, CT
Average Cost of Flood
Insurance $992
Stratford, CT
Average Cost of Flood
Insurance $1,421
Westport, CT
Average Cost of Flood
Insurance $1,972
East Hartford, CT
Average Cost of Flood
Insurance $990
Enfield & Farmington, CT
Average Cost of Flood
Insurance $1,188
Glastonbury, CT
Average Cost of Flood
Insurance $1,188
Manchester, CT
Average Cost of Flood
Insurance $1,248
New Britain, CT
Average Cost of Flood
Insurance $1,248
Southington, CT
Average Cost of Flood
Insurance $1,111
West Hartford, CT
Average Cost of Flood
Insurance $1,111
Wethersfield & Windsor, CT
Average Cost of Flood
Insurance $1,391
Clinton, CT
Average Cost of Flood
Insurance $1,338
Old Saybrook, CT
Average Cost of Flood
Insurance $1,619
Westbrook, CT
Average Cost of Flood
Insurance $1,619
Branford, CT
Average Cost of Flood
Insurance $1,475
East Haven, CT
Average Cost of Flood
Insurance $1,515
Guilford, CT
Average Cost of Flood
Insurance $1,515
Hamden, CT
Average Cost of Flood
Insurance $1,842
Madison, CT
Average Cost of Flood
Insurance $1,842
Meriden, CT
Average Cost of Flood
Insurance $1,842
Melford, CT
Average Cost of Flood
Insurance $1,067
New Haven, CT
Average Cost of Flood
Insurance $1,529
West Haven, CT
Average Cost of Flood
Insurance $1,085
East Lyme, CT
Average Cost of Flood
Insurance $1,106
Groton,  CT
Average Cost of Flood
Insurance $1,984
Noank, CT
Average Cost of Flood
Insurance $1,310
Stonington, CT
Average Cost of Flood
Insurance $1,672
Waterford, CT
Average Cost of Flood
Insurance $1,672
Norwich & Old Lyme CT
Average Cost of Flood
Insurance $1,455
Groton Long Point
Average Cost of Flood
Insurance $1,984
New London, CT
Average Cost of Flood
Insurance $1,310



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Does homeowner insurance cover flooding?

A typical Connecticut homeowners policy is written through Farmers, State Farm, Allstate, and Progressive, for instance, exclude flooding as something that will be covered under their homeowner’s policy.

In most cases, the only way to get flood coverage is by purchasing a stand-alone flood insurance policy.

However, you should ask your homeowners agent if you can an endorsement to your homeowner’s policy to cover flooding.

Don’t be too surprised if the answer is NO.


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Do Need flood insurance in Connecticut?

It is important to have flood insurance coverage in Connecticut because your beloved state has seen is more than its fair share of flooding.

Most Homeowners who own property in Connecticut had thought flood insurance at some point, maybe before buying a home, or during the loan closing process, however many of us only think about it when a big storm is looming or we have heard on the news that there is flooding forecasted and are home may be at risk.

This is too late to buy this time.

If your home or business is in a flood zone that is considered a low flood risk area.

You may decide to forgo purchasing flood insurance coverage.

You may have even have been told by a real estate agent and some other insurance agents that you don’t need it.

Please consider the fifty years of data our government has collected around flooding in the United States

Statistically  20-percent of all flooding events across our nation come in areas that are considered low risk. That’s one-fifth of all claims are in areas that are considered low risk how does this happen?

And our last few major storms we saw flooding in these low-risk areas.

Many people have so much damage to their home (flooding is one of the largest claims you will likely ever have to file) and many people didn’t have flood insurance and don’t have the money to fix the damage.

The asset they thought they had is now costing them forty to ninety thousand to repair the damage.

90 percent of all those who had flood water in their home or building after this event…. Did not have flood insurance coverage.

Many probably thought they didn’t need it or were told they didn’t. Don’t get caught to buy this lie.


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Some people believe that the government will help them after a flood and this may be true, (kinda) consider that there are a few things that must align for you to get government assistance after a natural disaster (Flood).

1) the president of the united states must declare the flooding event as a state of emergency if this doesn’t happen then there won’t Federal assistance.

2) the average amount of assistance a homeowner gets after a flood when they do not have flood coverage is $5,000, the average cost of damage to one’s property after a flood is $45,000+ and that $5K you get from the government? It comes in the form of a loan. You will need to pay it back. On top of your mortgage payment. No wonder many properties are abandoned or foreclosed on after having water damage the structure.  

https://www.bloomberg.com/graphics/2017-fema-faulty-flood-maps/

Are you willing to gamble away your financial future by forgoing flood insurance coverage?

Another thing it considers is that many of the federal maps were created in the ’70s. Think about what was going on in the ’70s and how far technology has advanced since then.

Many of our maps are out of date.

In the 20th century, the world’s population increased from 1.5 billion to 6.1 billion


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Yes Start Shopping my FLOOD INSURANCe

Flood insurance rate maps Connecticut

One more note on these low-risk flood zone maps. Many of them are over 40-years old. Connecticut, in particular, has many maps that are 40+ years old.  

If the area has been developed then there is likely more concrete creating a barrier for land that might have absorbed the massive downpour.

Since 1975 Connecticut population has grown from 3.032 million to 3.588 Million that is more than twenty percent growth, and that many people need homes.

All this to say that if your Connecticut home has been built during this time there is a good chance that your property could be at risk for flooding and you may not even be aware.

Flooding is the #1 natural disaster in the United States.

Because of all these factors, it is really difficult for property owners to know their true risk of flooding.

FEMA admits that their flood maps only give an idea for part of the risk. Our recent storms are facts that it can rain anywhere within Connecticut’s borders and you should consider getting flood coverage so you are not uninsured when you need it most.

Fema flood zone maps often take years to go into effect after the terrain was actually studied, this gives the impression that on a new map that the area is “more up to date” then it really is.

The average cost for flood insurance in Connecticut in these Low-risk areas is $699 per year.

So worth it to have coverage and not need it then to not have coverage and wish you had it.  

If your lender doesn’t require flood insurance for your Connecticut property it DOES NOT mean you are safe from flooding.

FEMA’s National Flood Insurance Program (NFIP), and all federally backed lenders rely on these maps to assess risk, set premium and determine who is required to purchase flood insurance.

Bad information about an area’s flood risk can leave property owners under or uninsured.

Lenders should demand updated maps.


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What are my flood insurance options in Connecticut?

Connecticut NFIP flood insurance.

There are many options available in Connecticut in regards to flood insurance but they basically fall into two main categories.

The NFIP / FEMA policy

1_The National Flood Insurance Program (NFIP) also known as FEMA which is the Government option for flood insurance and has enjoyed a 50-monopoly on the flood insurance market.

Progressive Flood InsuranceNot private flood insurance but NFIP Resellers

If you have Nationwide flood insurance, State Farm Flood Insurance, Progressive Flood Insurance or any of the of the logos below then you are buying the NFIP flood policy that is just being resold through a government program.

These companies are private companies but their flood insurance is not. Here is a list of the 70 companies that resell the NFIP policy.

https://www.fema.gov/wyo_company

Connecticut’s  private flood insurance market

Llloyds of London Flood Insurance ShopperThere are alternative to the NFIP or government insurance for Connecticut and this is called private Flood Insurance Market, most notably Lloyds of London Flood insurance, however, there are other options alternative flood insurance to the NFIP available in CT.

We shop all the options for your property in your region of Connecticut to ensure you are getting the best premium. If you are ready to have us do the work for you click here.

Our shopping will include the NFIP because sometimes we find that with government subsidies you can get a much better premium on the National Flood Insurance Program.

https://www.betterflood.com/quote/


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Lloyds of London flood Insurance Market in Connecticut

Connecticut is fortunate to have many Lloyds of London flood insurance options.

Although many of these Lloyds flood insurance companies will have you assume that theirs is the only option –  nothing could be further from the truth.

Lloyds of London has a rich history and is attributed to have invented the very first modern insurance model.

Unlike most of its competition, Lloyds of London is not really a company but rather a corporate body, this structure works quote well obviously since it has been around for over 330 years.

Lloyds operates under multiple financial backers that all pool their capital to spread the risk. So if you have a Lloyds policy then you have the backing of One-hundred and Twenty Billion on your side ($120,000,000,000+)

I have two blog post that takes a deep dive into Lloyds of London and what they mean to Connecticut’s flood insurance market if you are interested links are below.

https://www.betterflood.com/blog/lloyds-of-london-flood-insurance/

https://www.betterflood.com/blog/nfipvsprivate/

Lloyds also insures the world for flooding meaning they cover flooding events in India, Australia as well as much of Europe, Africa, China, and on and on.

You see the “game” of insurance is to spread your risk all over the work to diversify this allows Lloyds of London Flood insurance to predict the losses with reasonable accuracy by the law of averages.  Since Lloyds is one of the few global insurers they can easily do this.

Lloyds of London Private Market Flood InsruanceMy joke here is that Lloyds is banking on Gods promise that he won’t flood the entire world again, …..so they won’t have to pay out the whole worlds flood claim.


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How much does flood insurance cost in Connecticut

There are many factors that go into getting the Cost of flood insurance for Connecticut. If your home is located in what is considered low-to-moderate risk.

$250K (Residental) /$500K (commercial) Building
NFIP Maximum Coverage Limits

Connecticut low-to Moderate Risk rate and cost.

(This is Flood Zone X) which is not a lender required flood zone.

This is usually identified as an X-flood zone then we would suggest the government Preferred Risk Policy (PRP) which is a subsidized policy and has set flood insurance coverage limits (see grid below)

Here a link if you want to really dig into this one.

Be ready for an eye chart because every option is public record and should be standardized accost whoever writes these policies.

The average cost for flood insurance in Connecticut, (CT) with the maximum set limits in these Low-risk flood zone areas is $650 – $900 per year.  

https://www.fema.gov/media-library-data/1523307331106-4cf9726b2eb04c3471a3e9d37a58fa6a/09_prp_508_apr2018.pdf

If for the property is in higher-risk flood zone usually identified with a Flood zone AE.

Your lender will require you to have flood insurance.


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Yes Start Shopping my FLOOD INSURANCe

The cost of flood insurance in Connecticut depends on many factors that are unique to the structure.

A flood zone and SHFA rate maps
FEMA High-risk Rates

We are going to try to give you an idea for the most common homes we see in Connecticut with a subgrade basement.

We will look at the cost of flood insurance for the NFIP maximum $250,000 for the (building only) with NO CONTENTS and our recommended deductible of $5,000.

We will be rating all this example on the NFIP as well as on a few of our Lloyds options.

Cost of Flood Insurance in Connecticut in high-risk flood zone AE

Our example is in Bridgeport, CT but the premiums will be the same if in Fairfield, Greenwich Norwalk, Stamford, Stratford, Westpoint, Old Saybrook, Branford, Milford, West Haven, and many other Connecticut’s Cities and Counties A flood zones.

In our example, the Base Flood Elevation (BFE is 135.2) and is a home that is built before 1920

Flood insurance companies in Connecticut

NFIP option in Connecticut Flood Zone AE

Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible

Connecticut NFIP Annual premium in High-Risk flood zone is $3,363.00

This option is what we see if the property has had a flood loss before, and either doesn’t have an Elevation Certificate applied or the Elevation certificate showing that the lowest floor is 4 feet under the BFE for the area.

You can use 10% of your coverage to cover other structures on your property

Connecticut  Private flood insurance – Lloyds of London Flood Insurance (option 1)

Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible

Connecticut Lloyds of London (option 1)  Annual premium in High-Risk flood zone is $864.40

This option is great and we are very happy when we can get this option. They can be a bit choosy about what risk they will accept, and will not take anything that has had a flood loss. They do offer coverage for basements. And about $2,000 for loss of use. $2,000 for other structures can’t increase this coverage. They do not require an Elevation Certificate to rate.

Connecticut Private flood insurance – Lloyds of London Flood Insurance (option 2)

Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible

Connecticut Lloyds of London (option 2)  Annual premium in High-Risk flood zone is $1,635.00

This option is great and we are very happy when we can get this option for our clients as well. They seem to be writing almost all risks, however, they do not write any property that is in a designated floodway or has the depth of -4 under the BFE in our example with our BFE being 134.2 if the lowest floor is 130 then they will not accept this risk, they will not take anything that has had a flood loss. They do offer limited coverage for basements. Do not require an Elevation Certificate to rate. And as a percentage of coverage for loss of use. If you want coverage for other structures than that will need to be added.

Connecticut Private Flood insurance option (option 3)

Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible

Connecticut Private flood insurance (option 3) Not Lloyds, Alternative to NFIP

Annual premium in High-Risk flood zone is $2,676.74

This option will take properties that have had one flood loss before as long as it has been more than five years and the payout was under $100,000 on the claim. Their coverage matches the NFIP.  Will write practically all risks, don’t need an elevation certificate to rate and are a bit lower in premium than the NFIP.

Private Flood insurance –  Lloyds of London (option 4)

This option has to be written on the Replacement Cost Value (RCV) of the building otherwise there is a co-insurance penalty that kicks in. So $250,000 might be a bit low in Oregon but to keep this going let’s just use that for this option

Coverage of $250,000 (RCV) building coverage, 20% Contents coverage standard, 10% other structures and 10% loss of use and $5,000 deductible

Annual premium in High-Risk flood zone is $4,064.00 (great price)

Base Flood elevation OregonThis options rating system is all over the board sometime we get a crazy great price other times the premium is way higher than the NFIP will consider taking a property that has had one flood loss before as long as it has been more than ten years and the payout was under $150,000 on the claim. Their coverage must be at Replacement cost which is a bit different from some of our other Lloyd’s flood options we usually reserve this one if the property doesn’t fit into any of our option above. We can adjust coverages to control premium. AS mentioned before this underwriters rates are all over the board it is worth shopping through to make sure we are getting you the best premium we can. They don’t need an elevation certificate to rate.

Yes Start Shopping my FLOOD INSURANCe

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Connecticut V and VE flood zones

V and VE flood zones with the NFIP can be extremely expensive. We have seen a premium that is $30,000 a year for a single home family. This is ridiculous!!

We suggest that you let us shop your Connecticut V or VE flood zones on to the private flood Market that is underwritten by Lloyds of London. We are seeing savings in the thousands.   

We have been able to double even triple coverage for Connecticut’s oceanfront properties.

The main issue that we see with beachfront properties is that on the NFIP they have a one-size-fits-all solution and many properties are paying over what we consider is a fair premium for waterfront houses.

How to save money on Flood Insurance in Connecticut VE flood zones

Flood Insurance Connecticut’s coast

All homes that are ocean facing are custom built so with this special consideration our Lloyds of London VE flood zone and other Private Flood Insurance options for oceanfront properties take this into consideration with variable coverage options as well as significant savings below is a case study for a property we were shopping just last week.

Our example was in the Fairfield, CT 06824 area and is in a VE flood zone map.

For the coverage of $250,000 with no contents and a $5,000 deductible.

The NFIP annual cost for flood insurance in a VE flood zone is $12,278.00. Ouch!

Since we are who we are and experts in Flood Insurance we will look at every property every way possible to ensure that we are getting the best premium for our clients and WE often Do (smile wink)

We tried this same property on our Private flood options and were able to get the premium to under $2,500 and we have in some cases with similar properties gotten the annual premium to $600 this was a feather in our cap and made our clients very happy. Again all properties are unique in these VE flood zones but if we can find a private flood policy for you we guarantee it will be better then the NFIP option.

Let us help you save money today.


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Yes Start Shopping my FLOOD INSURANCe

How much does flood insurance cost Connecticut

COST OF FLOOD INSURANCE IN CONNECTICUT

Currently, the state of Connecticut has had 37,322 NFIP policies in force to date with the total cost of $52,057,947 that would make the average for our state $1,394 of course, some will pay more and some will pay less.

COST OF FLOOD INSURANCE IN BRIDGEPORT, CT

Bridgeport, CT you have 1,669 flood policies and are paying the total of $1,761,961 to the federal government for your flood insurance and this makes your average cost $1,055. If you are paying more it might be a good idea to let us shop for a new policy.

COST OF FLOOD INSURANCE IN FAIRFIELD, CT

Town of Fairfield CT your average is $1,610 with 2,330 policies and paying the total of $3,751,889

COST OF FLOOD INSURANCE IN GREENWICH, CT

Town of Greenwich CT  has 1,673 NFIP policies and are paying $2,513,183 making your average $1,502. Being home to many hedge funds and other financial services. I would like the opportunity to hedge your flood insurance to a lower premium. I think you can get it for less it might be worth shopping.

COST OF FLOOD INSURANCE IN NORWALK, CT

Norwalk Connecticut, you have seen your fair share of hurricanes and flooding you are paying the average of $1,678 for flood coverage through the NFIP. I think you might do better on the private flood insurance market. Let us flood nerds help you out. 1-866-990-7482. You have 2,089 flood policies and paying collectively $3,506,434.

COST OF FLOOD INSURANCE IN STAMFORD, CT

Stamford, CT you have 2,585 flood policies and are paying the total of $2,565,180 making your average flood policy $992. It seems that being regarded as one of our countries most highly educated you must understand flood insurance because your average is one of the best we are seeing in your state.

COST OF FLOOD INSURANCE IN STRATFORD, CT

Stratford, CT you have the 1,891 FEMA flood policies and are paying the grand total $2,687,800 with the average flood policy of $1,421. Connecticut’s Gold Coast.


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COST OF FLOOD INSURANCE IN WESTPORT, CT

Westport, CT you have 1,289 National flood insurance program policies are paying the total of $2,413,290 to the federal program making the average policy $1,972. With 26 percent of the residents of your town living within FEMA’s high-risk flood maps, I am happy your town takes flooding seriously and works with the government on flood mitigation measures. Now let’s see if we can find a better premium for you. Try us out for a free quote www.betterflood.com/quote

COST OF FLOOD INSURANCE IN EAST HARTFORD, CT

East Hartford, CT you have 496 flood policies and is paying the total of $491,133 to FEMA making your average flood policy $990. If you are paying more than this it might be time to shop.

COST OF FLOOD INSURANCE IN ENFIELD, CT

COST OF FLOOD INSURANCE IN FARMINGTON, CT

COST OF FLOOD INSURANCE IN GLASTONBURY, CT

Enfield, Farmington and Glastonbury, CT combined $1,188 is the average flood policy for this are If you aren’t paying this amount or if your NFIP premium jumps way up (+25% is forecasted in the near future) it might be a good idea to keep your options open and let the flood nerds shop. You have 493 flood policies and are paying  a total of $585,739

COST OF FLOOD INSURANCE IN MANCHESTER, CT

COST OF FLOOD INSURANCE IN NEW BRITAIN, CT

Manchester & New Britain CT. Combined you have 311 flood policies and are paying $388,340. Bringing your average to $1,248.

COST OF FLOOD INSURANCE IN SOUTHINGTON, CT

COST OF FLOOD INSURANCE IN WEST HARTFORD, CT

Southington and West Hartford CT in Hartford County. With combined flood policies of 451 and paying a total of $501,407. The average cost of flood insurance in this area is $1,111.


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Yes Start Shopping my FLOOD INSURANCe

COST OF FLOOD INSURANCE IN WETHERSFIELD, CT

COST OF FLOOD INSURANCE IN WINDSOR, CT

Wethersfield, and Windsor, CT your average flood policy is around $1,391 with 267 flood policies with NFIP and paying the total of $368,485. I pause to wonder if you are overpaying for your flood insurance it looks like the Flood map is over 30+ years old hasn’t the community grown during that time?

COST OF FLOOD INSURANCE IN CLINTON, CT

Clinton, CT with 676 active flood insurance policies and paying $904,816 total for the NFIP coverage. The average policy is $1,338. If you are not seeing better than this price then let us see what we can do for you. We guarantee to shop the policy to all validate options within your region so you get a fair picture of what flood insurance should cost in your area.  

COST OF FLOOD INSURANCE IN OLD SAYBROOK, CT

COST OF FLOOD INSURANCE IN WESTBROOK, CT

Old Saybrook & Westbrook Ct you have 1,972 flood policies and are paying about that much in premium $3,194,636. Your average is about $1,619. I think we can do better let us shop for your flood insurance to see if we can save you money.

COST OF FLOOD INSURANCE IN BRANFORD, CT

Branford CT -Your flood insurance average is $1,475. With 1,255 NFIP flood policies and paying a total of $1,852,004.

COST OF FLOOD INSURANCE IN EAST HAVEN, CT

COST OF FLOOD INSURANCE IN GUILFORD, CT

East Haven & Guilford CT, Combined you have 1,569 flood policies and are paying the total of $2,377,035 to the federal government. I think we can do better than the average flood insurance cost for New Haven County of $1,515.


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COST OF FLOOD INSURANCE IN HAMDEN, CT

COST OF FLOOD INSURANCE IN MADISON, CT

COST OF FLOOD INSURANCE IN MERIDEN, CT

Hamden, Madison and Meriden Connectcut combined you have 930 flood policies and are paying $1,713,713. The average flood insurance policy for this area is $1,842. Which is rather high considering the number of policies if you are reducing coverage to control flood insurance premium it might be a good idea to look at coverage through one of our private flood insurance options for Connecticut. You might be able to increase your coverage and get a better price and reducing your risk.

COST OF FLOOD INSURANCE IN MELFORD, CT

Melford CT you also have 2,876 flood policies and are paying $3,070,699. With the average flood insurance policy being $1067 if you want to see if we can save you money and I think we can fill out our intake form to get us shopping.

COST OF FLOOD INSURANCE IN NEW HAVEN, CT

New Haven CT the average flood policy in this area is $1,529. With 933 flood policies and paying $1,427,045 to the federal program.

COST OF FLOOD INSURANCE IN WEST HAVEN, CT

West Haven CT you have 1,051 NFIP policies and paying the grand total of $1,140,505 to bring your average to $1,085

COST OF FLOOD INSURANCE IN EAST LYME, CT

East Lyme, CT you have 404 flood policies and are paying the total of $447,195 to bring your average to $1,106.

COST OF FLOOD INSURANCE IN GROTON LONG POINT, CT

COST OF FLOOD INSURANCE IN GROTON, CT

GLP & Groton CT you have 744 flood policies with the average flood insurance cost being $1,984 and the total payment $1,476,791. Lets shop for a better premium.


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COST OF FLOOD INSURANCE IN NEW LONDON, CT

COST OF FLOOD INSURANCE IN NOANK, CT

New London and Noank CT combined you have 384 flood policies, $503,333 is what you are shipping to DC in the form of flood premiums bringing your average to $1,310.

COST OF FLOOD INSURANCE IN NORWICH, CT

COST OF FLOOD INSURANCE IN OLD LYME TOWN, CT

Norwich City and Old Lyme Town CT combined. You have 783 active flood policies and are paying the total of $1,139,604 making the average flood insurance cost $1,455.

COST OF FLOOD INSURANCE IN STONINGTON, CT

COST OF FLOOD INSURANCE IN WATERFORD, CT

Stonington and Waterford, Connecticut. Your average flood insurance cost is $1,672. With 1,438 flood policies and paying the NFIP the total of $2,405,632

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Connecticut Flood Insurance Policies

Currently, there are more than 660,000 flood insurance policies in force in the State of Connecticut considering both Private and government programs. This figure has steadily increased over the years as new homes are being built as populations grow. With the southeastern coast of Connecticut being a magnet for hurricanes. Connecticut families and business owners need to purchasing flood insurance to help safeguard their homes and assets.

The NFIP has made flood insurance available to more than twenty thousand communities in the United States. Connecticut has a growing Private flood insurance market. Although federal assistance is still a vital part of disaster recovery, it is much better to have flood insurance rather than wishing or hoping that the government will bail you out.  

For decades, the NFIP has over-charged 50 percent of its policyholders and under-charged the other 50 percent, while it has racked up $42 billion in taxpayer-funded losses, equating to more than half of every claim paid by the NFIP since 1978.

About 30 percent of NFIP claims payments go to the same 3 percent of insured “repetitive loss” structures year after year. When you do the math, this means that the other 97 percent of their flood-exposed constituents could have paid in less and still netted larger claims payouts if they had better access to private flood insurance. In fact, a recent white paper by Milliman found that 90 percent of homes in Sandy-struck New York and New Jersey would see reduced flood insurance rates through private insurers.

Flood Insurance Calculator

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Flood Nerd Private Flood Insurance
ROBERT MURPHY
Robert Murphy is the Founder of Better Flood Insurance a nationwide Flood Insurance Agency. He is a flood nerd, is passionate about education around the need for Flood Insurance.
We shop all options to make sure we are getting our clients the best coverage at the best price.


References
the following documents contain additional hydrologic data, flood photos, historic flood descriptions, floodplain delineations, and other pertinent information, and should be considered supplemental to this flood warning plan:
https://www.ctrealtors.com/flood/
https://bsa.nfipstat.fema.gov/reports/1011.htm#COT
https://www.fema.gov/average-claim-payments-date-loss
https://www.fema.gov/national-flood-insurance-program
https://www.fema.gov/media-library-data/1486576697135-ac6348fb2a3d98ceba33cf3f38422dbc/Claim_Loss_Counts_Sept2016.pdf
https://www.fema.gov/media-library-data/1458666638945-d752cb148ef1348b4b1c22acec66a0bd/Claim_loss_count2015.pdf
https://www.fema.gov/media-library-data/1393877884619-3091f75bf9d46a26f5beb7d423c34529/Total_Claim_Count_fy2013.pdf
https://www.weather.gov/safety/flood-states-ct