Thanks to Hurricane Sandy, many people in New Jersey learned the importance of having adequate flood insurance on their Jersey Shore homes. But what about those of us who live inland? Do we need flood insurance too? The answer is absolutely yes, and here’s why:
First of all, most of New Jersey is at, below or slightly above sea level, which makes our properties more prone to flood damage that can occur as heavy rains make lakes, storm drains and natural water tables rise. Having flood insurance in addition to your regular homeowner’s policy means you’ll be ready when the next nor’easter comes charging up the coast.
You’re in a Flood Zone
In fact, everyone in the U.S. is considered to live in a flood zone according to the Federal Emergency Management Agency (FEMA) – even people in arid states like Arizona. The question is, do you live in a low-, moderate- or high-risk zone? While your home may not be in an area where flood insurance is required, your home is still at risk for damage. In fact, the people who live in designated flood areas may actually be better protected against flooding since most insurance carriers require flood coverage on those properties. Those who live farther inland may think they’re getting a “deal” by not having to pay for flood insurance, but those lower premiums come at a very high cost when a major rain storm brings unexpected flooding and destroys your property.
Getting the Flood Insurance You Need
Flooding doesn’t just destroy your personal belongings; it can also undermine foundations and cause significant structural problems that can cost thousands more to repair. If you’ve been thinking about flood insurance, but you’re not sure if you need it or how much you need, give our office a call at 800-763-4775 and let us provide you with the facts and figures you need to make a decision. In addition to your regular homeowner’s policy, flood insurance can help you have the peace of mind that comes from knowing your home and belongings are protected. Learn more about flood insurance on our website.