With the expertise New Jersey Flood Insurance has gained, we know floods can happen anywhere in the Garden State – and you don’t have to live in a high-risk zone to be affected.
As a matter of fact, about 20% of flood insurance claims come from moderate- to low-risk areas.
Having flood insurance means you’re protected in the event groundwater rises and floods your home – an event that isn’t typically covered by most home insurance policies. Think of what a few inches of water can do if your home was to be flooded. That’s more than enough water to ruin floors, walls and cause other damages – which in turn can cost thousands if you don’t carry flood insurance.
Consider these facts about New Jersey:
1
New Jersey was one of over a dozen states impacted by Hurricane Sandy in October 2012. Sandy caused $18.75 billion in U.S. insured property losses, excluding flood insurance claims covered by the National Flood Insurance Program.
2
Private insurance losses in New Jersey from Sandy totaled $6.3 billion, second only to New York at $9.6 billion.
3
There were 233,780 flood insurance policies issued in New Jersey in 2015.
4
The insured value of properties in coastal areas of New Jersey totaled $713.9 billion in 2013, according to an analysis conducted by AIR Worldwide. This accounts for 34% of the state’s total insured property exposure.5
Floods are among the most frequent natural hazards in New Jersey.
6
Flood risks can occur anytime of the year in New Jersey due to melting snow combined with rain in the winter and early spring, severe thunderstorms that bring heavy rain in the spring and summer, and hurricanes or tropical storms that can bring intense rainfall in the summer and fall.
7
Flash floods are known to bring walls of water 10 to 20 feet high, often in a very small amount of time.
8
Hurricanes, winter storms and snowmelt are common (but often overlooked) causes of flooding.
9
Roughly 73,000 flood insurance claims were made in New Jersey alone after Hurricane Sandy in 2012.
10
In the past five years, New Jersey has had EIGHT federally declared disasters including flooding.Now that you have some of the flood facts of New Jersey, are you ready to get the flood insurance you need to be covered?