🌊 Flood Insurance in New Jersey: What You Need to Know
When most people think of flood insurance, they imagine homes sitting right along the shore or next to a river. But the truth is, you don’t need to live in a designated “flood zone” to be at risk. In fact, nearly 25% of flood claims come from properties located outside of high-risk flood zones.
For New Jersey homeowners and businesses, this is especially important. With hurricanes, nor’easters, and heavy rainstorms, flooding can happen almost anywhere in the state—from the coast to inland communities.
NFIP vs. Private Flood Insurance
When you start looking into flood insurance, you’ll likely come across two main options:
1. NFIP (National Flood Insurance Program)
Backed by FEMA: Coverage is provided through the federal program.
Standardized pricing: Rates are set by the government, so they’re the same no matter which insurance agent you purchase through.
Coverage limits: Currently up to $250,000 for a home structure and $100,000 for personal belongings.
2. Private Flood Insurance
Flexibility: Coverage amounts can be higher than NFIP limits.
Options for add-ons: Some policies include loss of use (help with temporary housing), replacement cost coverage for personal property, or coverage for basements.
Competitive pricing: In some cases, private flood insurance may be more affordable, especially if your property is not in a high-risk flood zone.
Why Consider Flood Insurance if You’re Not in a Flood Zone?
Weather patterns are changing: Heavy downpours and flash flooding can affect even “low-risk” areas.
Mortgage requirements: While only federally backed mortgages in high-risk zones require flood insurance, any homeowner can purchase it voluntarily.
Peace of mind: Standard homeowners insurance policies do not cover flood damage. Without flood insurance, repair costs fall directly on you.
Real Talk for New Jersey Families & Businesses
At BIS Improved Insurance Agency, we’ve seen firsthand how unexpected flooding impacts local homeowners and businesses. From Randolph basements taking on water during sudden storms to shoreline properties facing hurricane surges, the damage can be devastating—and expensive.
Whether you live in Morris Plains, Roxbury, Morristown, or along the coast, having flood coverage is one of the smartest ways to protect your property and your financial future.
Next Steps
Review your risk: Even if you’re not in a FEMA flood zone, ask for a risk assessment.
Compare NFIP and private options: We can help you weigh pricing, coverage, and add-ons.
Get covered now: Policies often come with a waiting period before coverage begins, so don’t wait until after the next storm is forecasted.
👉 Have questions or want a quote? Call us at 973-683-1000 or visit bisrm.com/contactus.
