Flood Insurance Toms River, NJ
Flood loss can happen at anytime or anywhere and is not covered under a homeowner’s policy. Heavy rains such as costal hurricanes, violent storms, overflowing waterways or local downpours can all cause major floods. This is why you need a flood policy which will help repair or replace your home and contents that are damaged from the rising water. A standard flood policy can be purchased by any property owner no matter what flood zone in which they are located. A preferred risk flood policy can also be purchased for property owners not located in a flood zone.
Benefits Of Flood Insurance
More than 20 percent of flood claims come from outside of mapped Special Flood Hazard Areas.
Flood insurance policies are continuous, and are not non-renewed or canceled for repeat losses.
Flood insurance reimburses you for all covered building losses up to $250,000 for residential occupancies and up to $500,000 for businesses. Contents coverage is also available up to $100,000for residential occupancies and up to $500,000 for businesses.
The average cost of a flood insurance policy is about $600 annually. The cost of a preferred risk policy is less than $200 annually, if you live in a moderate-to-low-risk area.