Flood Insurance in Fairfield and Clifton, NJ
Protecting Homeowners in Woodland Park and throughout Northern New Jersey against Flood-related Risks
Destroyed belongings, ruptured pipelines, weakened structures, and injuries are all risks that you face as a homeowner who is at risk of having to endure floods. These and other risks can be very costly to you if you’re unprotected. For this reason, it’s very important that you have protection, which insurance provides. At Allwood Forlenza Insurance Agency we have a complete flood insurance program, which we customize for individual clients.
We’ve insured homeowners against the costs of damages that floods cause in Woodland Park and in communities throughout Northern New Jersey for decades, and also we know the flood-related needs of homeowners that are in the communities that we serve. We’ll make sure that you pay the best possible rate for complete protection against flooding.
Flood Insurance Coverage Details for Homeowners in New Jersey
Flood insurance covers structures and property. It provides coverage for structures of homes for up to $250,000, and flood insurance provides coverage for contents of homes for up to $100,000.
Flood insurance is available on replacement cost bases for structures, and on actual cash value (ACV) bases for personal property. Also, excess flood insurance, which protects homeowners over and above flood insurance coverage that the federal government provides, is available.
Flood risk levels of communities in which flood insurance policyholders live influence rates for flood insurance policies. To find out the flood risk level of the community in which you live, use the FloodSmart.gov flood risk estimator.
Experienced, thorough Agents keeping you and your Home secure
We know how important it is that homeowners be secure. For this reason, we thoroughly assess the needs of homeowners. Once we know and understand homeowners’ needs, we identify the right limits. At the points that the right limits are identified, we create the best possible options.
In order to ensure that there are never gaps in coverage, and that the rates that the people whom we serve pay are always competitive, we regularly and closely review policies and plans that we write. If and when possible, we include people whom we serve in policy and/or plan review processes. As a result, the people whom we serve can fully understand their purchases, and be cognizant of needs for changes to coverages.
Contact us or call us today. To start on a policy, request a quote.
Additional Flood Insurance Information and Homeowners Insurance Information:
At Allwood Forlenza Insurance Agency we’re proud to provide flood insurance in Woodland Park, Clifton, Fairfield, Wayne, Little Falls, and Parsippany, NJ. We also serve other areas in the state.
Common Flood Insurance Questions:
All homes are at risk of floods, even those that have never flooded before. Of course, some properties face higher flood risks than others. Depending on how your home stacks up, your need for flood insurance might be significant.
Standard home insurance might cover you for household water damage that results from a burst pipe or similar incident. However, the unpredictability and astronomical costs of flooding related to river swells, storm surge, heavy rain or similar occurrences make it hard for home insurance to cover the risk. At this time, a separate flood insurance policy becomes necessary.
Even an inch of water in your home can cause thousands of dollars in damage to both your dwelling and possessions. By filing a claim on your flood insurance plan, you will be able to receive compensation for these losses, and you won’t spend precious personal money trying to fix the damage.
Most flood insurance plans are underwritten by the National Flood Insurance Program (NFIP). If you live in a community that participates in the NFIP, then you can buy an NFIP plan. You can buy NFIP plans both through major insurers and the NFIP Direct system. Non-NFIP plans are also available, though they are less common.
NFIP plans must comply with standards set by federal law. They offer two types of coverage:
NFIP plans will offer coverage up to the following limits:
One- To Four-family Residential Addresses: $250,000 Structure/$100,000 Contents
Other Residential Buildings: $500,000 Structure/$100,000 Contents
Non-Residential Businesses and Buildings: $500,000 Structure/$500,000 Contents
There is also coverage for debris removal costs, loss avoidance and cost of compliance.
Many homeowners are required to buy flood insurance:
If you live in a designated high-risk flood zone, and you have a mortgage backed by a federally-insured lender, then you will have a coverage requirement.
Some lenders require mortgage holders to buy flood insurance regardless of whether they live in a high-risk zone.
Coverage is required if you live in a high-risk flood zone and have ever received disaster assistance through FEMA or through the U.S. Small Business Administration (SBA). If you do not buy a policy, then you will not qualify for such assistance in the future.
Talk to one of our agents to determine which flood insurance options are best for you. We recommend that you have your plan in place from the moment you close on a home purchase. We’re committed to working with you to ensure you receive the right benefits at the right time.