The Garden State is known as one of the most beautiful states in the country. It shares its northeast border with the sprawling metropolis of New York City, and its southwest border with historical Philadelphia. Along the eastern coast of the state is vibrant Atlantic City and the famed beaches of the Jersey Shore. For the residents who call it home, living in New Jersey has a suburban feel with old world charm. However, as any resident will tell you, home insurance in New Jersey is a vital part of life in the state.
New Jersey is home to many rivers and borders the Atlantic Ocean, making flooding a regular occurrence for many residents. Towns like Paterson, Wayne, Little Falls and Totowa are no stranger to the rivers that rise and wreak havoc on their homes. Flood insurance premiums are a part of life in these areas and residents keep waterproofing companies on speed dial as a matter of course. Most homeowners insurance policies exclude flood damage. New Jersey residents are well-advised to add this coverage as a rider onto their existing policy or take out a new flood insurance policy altogether.
While most areas will only be slightly affected by major storms and flooding, those who live in coastal towns or near rivers find that replacing water-damaged property can be prohibitively expensive. In addition, they must also contend with the costs of cleaning up water damage, dealing with mold and damaged vehicles. Flood insurance in New Jersey is essential for residents in beachfront towns such as Freehold, Asbury Park, Toms River, Cape May and Atlantic City, to name a few. Residents in the northern city of Hoboken are at high risk due to their city’s below-sea-level position.
Before purchasing flood insurance, shop around for the best rates. There are many companies that provide this valuable coverage, and many will compete for your business by offering low premiums. Considering the average basement waterproofing or sump pump installation can cost up to $7,500, flood insurance is a great value for the money. Homeowner’s flood insurance can also play to replace lost furniture, water damaged flooring, damage to the home’s structure or foundation.
For New Jersey residents, the state has its charm and appeal. From sprawling suburbs to discount shopping, major sporting events and the excitement of the Jersey Shore and beaches, the state is a wonderful place to live. Protecting your home from flooding is essential. Get a flood insurance quote today.
