Flood Insurance in New Jersey

Your home is protected against standard issues under a traditional home insurance plan. Your most valuable asset, however, is not covered in the instance of a natural disaster coming to New Jersey and destroying everything in its path. It is during this type of crisis that you need flood insurance in Elmer, NJ. Sloan Insurance Agency can help you find the policy to fit your lifestyle.

What is flood insurance?

Flood insurance is an indemnity plan to pay for items lost in natural disasters such as hurricanes or other forms of heavy rain. The assurance option has the potential to save you thousands in the long run as most traditional home insurance policies does not cover flooding. You essentially would need to dig into your personal finances to make repairs without a flood insurance policy.

Is flood insurance required?

The state of New Jersey does not have an official rule requiring its residents to obtain a flood insurance policy. You may, however, find that your mortgage company requires you to have such a plan in Elmer, NJ. It is a good idea to purchase flood insurance even if your home is paid off. You do not want to feel the effects of having to pay for everything out-of-pocket because of the lack of a good insurance policy.

How much flood insurance do you need?

It is generally a good idea to obtain a flood insurance policy that covers the price of a new home should your current residence be destroyed. You may also want to buy enough assurance to cover the loss of personal possessions such as jewelry, electronics, and antique furniture in a flood.

An agent at Sloan Insurance Agency can explain the details about flood insurance so that you purchase the best policy. Call us today to get started with a quote!