Blue Lion Insurance Advisors, LLC serves clients who need flood insurance throughout New Jersey. Because we are not affiliated with any particular insurance company, we can find a policy that not only meets your particular flood insurance needs but is cost-effective. Be proactive about protecting your family and your home by calling us at (732) 649-1600 or contacting us online.
While you may not think you need flood insurance since you live nowhere near the water, you may be surprised to learn that between 2015 and 2019, policyholders outside of high-risk areas filed more than 40 percent of all NFIP (National Flood Insurance Program) flood insurance claims. All property is vulnerable to flooding. Not only is flooding the most common natural disaster in the United States, but it is also the most costly.
FEMA (The Federal Emergency Management Agency) assists if your community is designated as a disaster zone — which happens only about half the time. But FEMA may offer far less money than you have expected. This means that FEMA, however partially helpful it may be to some flood victims, should not be depended on for full flood coverage.
Many are shocked to learn that homeowners insurance does not typically cover flood damage. Although the law requires those who live in high-risk flood zones to carry personal flood insurance, too often people in supposedly “safe” areas end up with serious flood damage for which they are not covered. Don’t be caught unprepared. Avoid being financially, as well as physically, inundated. Call Blue Lion Insurance Advisors, LLC today.
Causes of Floods
There are several reasons for flooding, most stemming from heavy rainfall and serious storms, like hurricanes, nor’easters, and blizzards:
- Rainwater or melted ice or snow that arrives too rapidly to be absorbed by the earth may pool, back up, and cause mudflows or surface run-off.
- High waves may breach barriers and destroy homes, especially at times of high tide.
- Inland water from lakes, rivers, and even creeks may overflow.
- Water mains or other pipes may break.
Whatever the reason for flooding, we all know that it can, and often does, fill basements and lower stories, ruin and/or lift cars and other property, and wreak general havoc.
What You Have to Lose if Your Home Is Flooded
The more your home and property are worth, the less likely NFIP coverage is to serve your needs since it is capped at $250,000 for your home’s structure and $100,000 for your personal property. In addition to structural damage, most homeowners have more valuable property than they initially realize, including:
- Furniture, rugs or carpeting, mirrors, drapes, curtains, shades, lamps, clocks
- Appliances (washers, dryers, dishwashers, air conditioners, or air-conditioning systems)
- Jewelry, antiques, precious collections
- Cars, motorcycles, bicycles
- Exercise equipment
- Medical devices
Replacing these items to the degree possible is an expensive proposition. It is bad enough to have to bear the loss of irreplaceable mementos, photos, letters, and other personal belongings. Don’t let your family have to endure financial hardship as well. Obtaining proper flood insurance to protect your largest investment is essential to your family’s sense of security.
What You Have to Gain if You Have Strong Flood Insurance
Because flood damage is explicitly excluded from most homeowners and personal umbrella insurance policies, you should consult with Blue Lion Insurance Advisors, LLC at your first opportunity to ensure the safety of your home. We can find you an inclusive flood insurance policy at a reasonable price to cover:
- Structural damage to your home
- Furnace or boiler, water heater, central air-conditioning
- Electrical and plumbing system repair
- Furnishings and other possessions
- Clean-up of debris following a flood
Because only an inch of water can result in an astonishing amount of damage, obtaining a well-crafted flood insurance policy is well worth the cost. Do not hesitate in contacting us today to explore your options.
Why Renters, Too, Need Flood Insurance
Although as a renter you don’t own the building you inhabit and will not have to pay for its reconstruction, you may have a good deal of valuable property within its walls that you want to protect.
Moreover, you may have to pay for other living quarters and restaurant meals for a significant period until you can safely move back into your home after it has been flooded. You and your family may need new clothing and equipment. A sound flood insurance policy can pay this under its Loss of Use (Additional Living Expense) clause.
Why It’s Important to Today to Consult with Us Promptly
The majority of flood insurance policies do not take effect for 30 days, so the sooner you act, the better. As life has proven to each of us again and again, we never know what may happen tomorrow. Flash floods are called so with good reason. Because the whole point of insurance is risk management, once you understand that there is a risk of flood, it’s important to plug that particular hole in your insurance portfolio.
Fortunately, there is a significant exception to the 30-day waiting period. If you are purchasing a home or renegotiating a mortgage or other loan and your lender requires a flood policy, your flood insurance policy may take effect immediately. If you are in this situation, our experienced insurance advisors will be happy to assist you with expertise and efficiency.
Contact Blue Lion Insurance Advisors, LLC Today
Join the many New Jersey residents who depend on our comprehensive knowledge of flood insurance policies and our attention to personal detail. Don’t let your home and your dreams be washed away. Call us at (732) 649-1600 or get in touch with us online. We can help you and your loved ones feel secure in the face of the uncertainties of the future.