If you live in New Jersey and do not have flood insurance, you should. The number one natural disaster that occurs in the state is flooding. Everyone that lives in New Jersey lives on a floodplain. A floodplain is land that borders a river or stream that occasionally floods. When flooding occurs, the area becomes submerged. It is imperative that you have flood insurance New Jersey. In order to purchase flood insurance, you must find out if your community participates in the National Flood Insurance Program. If you go online, you will be able to find out if you qualify.
There are two types of flood insurance coverage. Building and Property insures your structure, and personal property insures your home contents. Most mortgage companies require you to carry some type of flood insurance policy.
Deductibles are a very important part of flood insurance. Just like other types of insurance, a higher deductible will lower your premium, but it will also reduce the payment on your claim. It is a good idea to talk to your agent about your options. They will be able to advise you on the best policy for you and your family.
Your building property coverage insures the building, and the foundation, plumbing and electrical, central air and heating, including furnaces, water heaters, stoves, refrigerators and built-in appliances, such as dishwashers. Your carpet, if it has been permanently installed, is also covered. If you have built-in cabinets and bookcases, these will also be replaced in the event of a flood.
Some policies also include your window blinds. If you have a detached building, you can claim up to 10% of your policy if there is damage. Garages require a separate building property policy. Debris removal is also covered in your flood insurance New Jersey policy.
Personal property coverage includes clothing, electronics, furniture, curtains, washers, dryers, microwaves and portable dishwashers. Your policy may cover you for valuable items, but in some cases, you may have to purchase additional insurance. Check with your agent to find out if your luxury items are included in your policy.
If your property incurred mildew, moisture or mold that could have been avoided prior to the flood, you will not be covered. Some of the other items that are not included in your property and personal items coverage include stock certificates, currency, and precious metals. Your outdoor decks, patios, fences, swimming pools, seawalls, septic systems and plants are not covered. Be aware that you will have to make your own arrangements for temporary housing, as this is usually not included. Your policy will not insure your car or any other vehicles.
It is imperative that you talk to an agent about flood insurance New Jersey. If you are not protected, you could lose everything. Go online, or call for a free quote today.
There are two types of flood insurance coverage. Building and Property insures your structure, and personal property insures your home contents. Most mortgage companies require you to carry some type of flood insurance policy.
Deductibles are a very important part of flood insurance. Just like other types of insurance, a higher deductible will lower your premium, but it will also reduce the payment on your claim. It is a good idea to talk to your agent about your options. They will be able to advise you on the best policy for you and your family.
Your building property coverage insures the building, and the foundation, plumbing and electrical, central air and heating, including furnaces, water heaters, stoves, refrigerators and built-in appliances, such as dishwashers. Your carpet, if it has been permanently installed, is also covered. If you have built-in cabinets and bookcases, these will also be replaced in the event of a flood.
Some policies also include your window blinds. If you have a detached building, you can claim up to 10% of your policy if there is damage. Garages require a separate building property policy. Debris removal is also covered in your flood insurance New Jersey policy.
Personal property coverage includes clothing, electronics, furniture, curtains, washers, dryers, microwaves and portable dishwashers. Your policy may cover you for valuable items, but in some cases, you may have to purchase additional insurance. Check with your agent to find out if your luxury items are included in your policy.
If your property incurred mildew, moisture or mold that could have been avoided prior to the flood, you will not be covered. Some of the other items that are not included in your property and personal items coverage include stock certificates, currency, and precious metals. Your outdoor decks, patios, fences, swimming pools, seawalls, septic systems and plants are not covered. Be aware that you will have to make your own arrangements for temporary housing, as this is usually not included. Your policy will not insure your car or any other vehicles.
It is imperative that you talk to an agent about flood insurance New Jersey. If you are not protected, you could lose everything. Go online, or call for a free quote today.