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Flood Insurance for Your Home

Palisades agents can help you get a free insurance quote for New Jersey flood insurance. Consider the following:

  1. Floods are the most common natural disaster in the US.
  2. There is a 26% chance of experiencing a flood during the life of a 30-year mortgage -- while there is only a 4% chance of fire during the same time period.
  3. Losses due to flooding are not covered under typical homeowner’s and business insurance policies.
  4. The average cost of a flood insurance policy is $411 a year, just over $1 a day. Policy costs drop even lower for homes and businesses in low- to moderate-risk zones.
  5. Just a few inches of water from a flood can cause tens of thousands of dollars in damage.
  6. Flash floods occur with little to no warning, peaking within minutes and taking boulders, trees, buildings and bridges in their path.
  7. Contents of a building are covered by separate coverage. Renters, business owners and homeowners can insure up to $100,000 in content
  8. Planning ahead for floods gives you a significant advantage, since waiting periods are usually 30 days before coverage goes into effect.
  9. New land developments may have increased flood risk, especially if the construction changes natural runoff paths.
  10. Since everyone is susceptible to floods, low- to moderate-risk areas might benefit from a low-cost policy.

More information can be found at the government web site, floodsmart.gov, or from your New Jersey insurance agent.

Ask your agent for a free quote now - or call 877.PAL.NICE for more info and a quote.


Note: The purpose of this information is to help you understand flood insurance. Restrictions and conditions apply. It is important that your decision about coverage is based on the level of insurance protection that best meets your personal needs and financial position. A Palisades agent can help to explain all of these terms and selections, so you are able to choose the coverages that most accurately protect you, your family and your property. This material is not a replacement for, or an addendum to, your policy contract. For a complete description of your coverages and definitions, please refer to your agent and the Palisades policy.