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 609-403-2018 to discuss the
features.

We are your local central New Jersey insurance agency, offering
affordable 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
Flood Insurance services in the remainder of New Jersey.