When most people think of a flood they think of events like Hurricane Katrina or Hurricane Sandy. These were huge devastating storms that caused billions of dollars in damage.
In reality, most floods are caused by far less catastrophic situations. In fact, it only takes a few inches of standing water to cause tens of thousands of dollars.If you’re looking for flood insurance in New Jersey, we’ve got you covered.In most situations, you will have a 30 day waiting period when you buy flood insurance, so don’t wait until it’s too late!
Homeowners insurance does not cover flood damage
Regardless of whether you live in New Jersey or any other part of the country, flood insurance has to be purchased as a separate, stand-alone policy.
It is not covered by homeowners insurance.
Flood insurance policies also reimburse you for the work that you and other family members did to sandbag your homes, move furniture and remove debris.
If you live in certain flood zones, your mortgage company may require that you purchase a flood insurance policy.
If you live outside a high-risk zone, or if you no longer have a mortgage, flood insurance is optional.
When most people think of a flood they think of events like Hurricane Katrina or Hurricane Sandy. These were huge devastating storms that caused billions of dollars in damage.