Insurance Blog

Finding A Flood Insurance Agent In New Jersey

Flood insurance is one of the best tools at your disposal if your home is damaged or destroyed by flood or other natural disaster. Only small fractions of homes at risk for flooding are covered by flood insurance. This leaves these homeowners open to damage and total devastation should they become involved in a flood, tsunami, earthquake or other natural disaster. There many areas in New Jersey that are prone to flooding, and flooding can occur both on the shore and in inland areas. Consulting with a flood insurance agent New Jersey is the first step in protecting your home from the devastating effects of flooding.

What Causes Flooding?

Most people think of flooding as a problem only for people in coastal areas. However, there are many natural occurrences that can cause flooding. Floods can be caused by:

-Spring Thaw
-La Nina storms
-Ice Jams
-Heavy Rains
-Water Main Breaks
-Attempts to Contain Wildfires

Many people are at risk for flooding without realizing it. This makes flood insurance that much more important. Purchasing a flood insurance policy is a simple and easy way to repair and replace damaged home parts and contents.
Does My Existing Homeowners Policy Cover Flood Damage?

Most homeowner’s policies do not automatically cover flood damage and destruction due to water damage, mudslides and landslides. Unfortunately, most homeowners do not realize this until it is too late. Adding flood insurance to your existing policy is relatively inexpensive and can save you thousands of dollars in damages.

Is Flood Coverage Mandatory?

In some cases, the federal government requires homeowners seeking government-backed mortgages such as FHA (Federal Housing Administration) and VA (Veterans Administration) loans to purchase flood insurance.

This is usually only required in flood-plain areas. Many counties in New Jersey have been declared flood-plain areas, even those that are inland. Water from inland lakes and rivers can also cause water damage, so it is important to contact a flood insurance agent New Jersey who is familiar with the procedures in your area.

Is Flood Coverage Expensive?

Flood insurance is not sold as a stand-alone policy. It is sold as an addendum onto your existing homeowner’s policy. As such, flood insurance in New Jersey is relatively inexpensive. Flooding can cause devastating damage to your home, and the cost to repair water damaged furniture, structures and internal home systems can be prohibitive. It is usually more economical to purchase flood insurance than to handle the flood damage costs out-of-pocket.

Purchasing flood insurance is an economical and practical way to save money in the case of water damage due to natural disaster or man-made flooding. Getting a flood assessment and flood insurance quote online is easy. Contact a flood insurance agent New Jersey today to get started.

Tips On Finding Cheap Car Insurance In New Jersey

During uncertain economic times consumers need to find a way to budget properly and stick to their budget.  If you are living paycheck to paycheck you will need to find ways to reduce your expenses.  While you cannot cancel your auto insurance entirely, you can find ways to reduce your premiums.  If you are looking for cheap New Jersey car insurance find ways to reduce your premiums without reducing your coverage limits.  Consider taking advantage of popular insurance discounts and you can stay within budget without driving uninsured.

Raise Your Deductibles

If you have full coverage insurance on your vehicle, consider the benefits of raising your deductibles.  Raising your deductibles will not only save you money, it will prevent you from filing small and unnecessary claims that will raise your insurance rates for as much as 36 months.  Many individuals do not understand just how much raising their comprehensive and collision deductibles can save them.  If you currently have a $100 deductible, you can save as much as 20 percent just by raising your deductible to $500.  The savings for raising your deductible is well worth the increased responsibility if you never file a claim.

Combine Your Insurance

Most individuals have a need for both auto insurance and property insurance.  If you want to save money on your NJ car insurance, combine your property and auto insurance and save money.  Multi-policy discounts can save you a small fortune.  In fact, when you have property insurance and car insurance with the same carrier you qualify for a discount on each policy.  Some insurance companies also offer multi-policy discounts for life and health insurance as well.  If you want to find cheap New Jersey car insurance and you do not want to switch auto insurance carriers, this is one of the best ways to save money.

Check For Discounts

Most insurance carriers offer special discounts.  Make sure to review your policy to ensure you are receiving all of the discounts you qualify for.  If you have an alarm system, you have attended a driver safety training course, or you are affiliated with a professional organization, you may be able to lower your premiums.  Ask your insurance agent for a brochure on all of the discounts the company offers and see if you are eligible for savings.

If you are on the verge of lowering your auto insurance coverages just so you can afford your monthly bills, consider the tips above and save money without putting yourself at risk.  If you cannot save money with your current insurer it may be time to start quoting cheap New Jersey car insurance with different carriers.  Take a proactive step to lowering your expenses and live comfortably during uncertain times.

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