New Jersey Flood Insurance Information

Even though flood insurance is relatively inexpensive, most homeowners do not
choose to purchase the insurance protection available. According to the Federal
Insurance Administration, less than one-quarter of the homes in areas most
vulnerable are insured against flood loss. In those areas, flooding is 24 times more
likely to occur than a fire during the course of a typical 30 year mortgage.

A standard homeowners insurance policy will not cover damages caused by
flooding. You must have flood insurance from an insurer that writes for the
National Flood Insurance Program. If your community participates in a floodplain
management program, you should be eligible to buy the coverage no matter if
your flood risk is low, medium or high. Residents of "coastal barrier areas" and
communities that do not participate in floodplain management programs may have
trouble finding flood insurance coverage. Flood insurance is also available to
renters, condominium owners, and co-op owners.

Outside of fire, flooding is the most widespread natural disaster. According to the
National Flood Insurance Program, two adjacent properties have to be under
water to call the situation a flood. In a rural area, at least 2 acres must be
submerged.

The value of property as figured by determining the cost to replace the damaged
or destroyed property and adjusting the replacement value by subtracting an
amount that reflects depreciation. Or in other words, replacement cost minus
depreciation. Homeowners are entitled to a replacement cost value if they live
in their homes at least 80% of the time and have flood insurance coverage for at
least 80% of their home's market value.

The amount it costs to replace or rebuild a damaged property. Replacement
cost coverage is available only for the building portion of a condominium
insurance policy. Owners of single-family homes may be able to buy
replacement cost coverage on the building portions of their flood insurance
policies. A New Jersey flood insurance replacement value policy will pay only
the replacement value up to the coverage limit. For example, if rebuilding your
home will cost $400,000, but you only purchased $300,000 in coverage, your
insurance policy will pay you only $300,000.

Click on the link below to fill out a secure quote request form for a New Jersey
Flood Insurance policy that will provide excellent personal insurance coverage
at an affordable cost. Or you can speak with our New Jersey Flood Insurance
specialist at (866) 771-1313 to discuss the policy features in more detail.

We are your local central New Jersey insurance agency, offering affordable
New Jersey Flood Insurance policy premiums in the following cities and
counties: Trenton, Ewing, Slackwoods, Ewingville, Bakersville, Lawrenceville,
Mercerville, Hamilton Square, Yardville, White Horse, Groveville, Bordentown,
Washinton Crossing, Marshalls Corner, Princeton, East Windsor, South
Brunswick, Plainsboro, Linvale, Harbourton, Mount Airy, Blawenburg, Hopewell,
Kingston, Rocky Hill, New Sharon, Chesterfield, Hamilton, Georgetown,
Allentown, Fieldsboro, Hedding, Roebling, Columbus, Jacksonville, Chambers
Corner, Wrightstown, Mount Holly, Monmouth, North Brunswick, Deans,
Stanton Station, Willingboro, Cherry Hill, Newark, Montclair, Orange,
Bloomfield, Jersey City, Kearny, Elizabeth, Paterson, Belleville, Nutley, West
Orange, Clifton, Passaic, Rutherford, Garfield, North Bergen, Livingston,
Caldwell, Mercer County, Middlesex County, Camden County, Hunterdon
County, Burlington County, Essex County, Passaic County, Hudson County,
Bergen County, Morris County, Monmouth County and Ocean County, NJ. We
also offer affordable New Jersey Flood Insurance services in the remainder of
the Garden State.

**The information, pictures, and other content in this website about particular
insurance services is only provided for informational purposes. Any decisions
regarding your insurance needs should be discussed with a licensed insurance
agent.