Buying New Jersey Flood Insurance

In certain low-lying and flood-prone areas of New Jersey, homeowners who have mortgages are required to have personal flood insurance. Hurricane Sandy proved, however, that even towns not prone to flooding could sustain significant damage due to flood. Clearly, you don’t need to live in a floodplain to purchase or be protected by flood insurance.

Paparone Insurance has significant expertise in flood insurance and can help New Jersey homeowners purchase a flood insurance policy through the National Flood Insurance Program (NFIP).

What Does Flood Insurance Cover?

Most homeowners do not realize that a homeowner’s insurance policy does not cover damages caused by a flood. Only flood insurance provides flood protection. This is critical because just a few inches of water can cause tens of thousands of dollars for those who do not have flood insurance. You can get optional contents coverage as part of your flood insurance policy coverage, as well.

Flood insurance is available for owners and renters of residential or commercial property. Homeowners and renters flood insurance, condominium flood insurance and commercial flood insurance all provide protection in the event of a flood.

Differences in flood insurance prices are related to your home’s elevation and location, among other factors.

To get a NJ flood insurance quote or to discuss the best flood insurance coverage for your home, call us at (856) 435-5050 or contact us.