Residents of New Jersey experienced major flooding from a hurricane a few years ago, and at any time, a flash flood can occur. The agents at Dirus & Sons in Neptune, NJ understand the importance of having a flood insurance policy in place, just in case you need it.
Flood Insurance Requirements in New Jersey
Flood insurance is not required under New Jersey law, but your mortgage lender may require it. Even if you are not required to have a flood insurance policy in place, it is a good idea to have one since most homeowner’s insurance policies do not automatically include flooding as a coverage option.
Flood Insurance Policy Coverages
You can obtain a flood insurance policy whether you live in a flood plain or not, and you can obtain a policy through your insurance agent in conjunction with the National Flood Insurance Program (NFIP). This program will provide up to $250,000 for your home and up to $100,000 for your personal property that is inside your home. For example, if your home is a total loss due to flooding, you will have enough money to relocate to a different house or rebuild your home and replace all of the contents inside your house before the flooding occurred.
Not Covered By Flood Insurance
If you have precious metals, expensive jewelry, stocks, bonds, and even cash in your home, a flood insurance policy will not cover those. You can keep those at another location in case a flood occurs for safekeeping. Many outdoor items, such as trees, landscaping items, walkways, and even decks and swimming pools, are not covered by flood insurance.
Contact an Experienced Agent
To create the best flood insurance policy for you and your home, contact the agents Dirus & Sons in Neptune, NJ by calling or emailing for an appointment today!