Standard Homeowners Policies May Not Cover Flood Damage – Consider Flood Insurance

Floods are natural disasters that seem to be occurring more often and with more intensity. Floods can cause tremendous damage to homes and properties, leaving homeowners with financial burdens unless they are insured. Standard Homeowners Insurance may cover certain risks, but it often excludes floods. To be insured for flood damage, you need Flood Insurance.

Bogle Agency Insurance offers Flood Insurance to homeowners in NJ, and our agents always stand ready to discuss Flood Insurance with clients who may need it. If you live in a flood-prone area, the time to talk to an agent about Flood Insurance is now, not after the flood has happened.

Some Flood Facts Make the Need For Flood Insurance Important

Natural Occurrence Anywhere

Floods are the most widespread natural disaster that happens in the U.S. They can occur anywhere, and even minor flooding may cause damage to property.

Finding You Have No Coverage For Flood Damage

Often, homeowners are surprised to learn that their Homeowners Insurance does not cover flood damage. In the absence of a separate Flood Insurance Policy, homeowners can be left with significant repair costs after a flood.

Expensive Repairs

The cost of repairing flood-damaged property can be very high. The average flood damage claim is in the tens of thousands of dollars, making Flood Insurance essential.

FEMA

FEMA (Federal Emergency Management Agency) may offer disaster assistance, but it is generally in the form of low-interest loans that must be repaid. While this is very helpful, Flood Insurance provides a more secure and non-repayable form of financial protection.

Why Is Flood Insurance Important?

Provides Comprehensive Coverage

Flood Insurance offers protection for both structural damage and personal belongings affected by a flood. This allows you to face the aftermath of a flood knowing your property and possessions are covered.

Financial Security

Having Flood Insurance offers financial security and the knowledge that you won’t have to face the monetary devastation that is the result of flood damage. When you have Flood Insurance, you can rebuild and recover without worrying about the cost. You can rest assured that you have taken the necessary precautions to protect your home and finances from the forces of nature.

Location Requirements

If you live in a flood-prone area, Flood Insurance may be mandatory. Some mortgage lenders in such locations require borrowers to carry Flood Insurance as a condition of a loan.

Talk To A Professional

Flood Insurance is an important safeguard against the financial devastation caused by floods. Since standard Homeowners Insurance may not cover floods, having Flood Insurance is a wise investment to mitigate the risk associated with floods.

Bogle Agency Insurance offers Flood Insurance to homeowners in Bergen County, NJ, to most of the greater New Jersey area. To inquire about Flood Insurance, give us a call at (201) 939-1076.