Essential Protection for Coastal New Jerseyans
Hurricane Sandy reminded New Jerseyans of how vulnerable our coast is to catastrophic flooding. Headquartered in Manahawkin, NJ for nearly 50 years, Anderson Insurance Agency has seen first-hand the importance of residential and commercial flood insurance in New Jersey’s coastal communities.
Why You Need Flood Insurance
Flooding is the number one natural disaster in the U.S., and the average flood loss is $38,000. Even if flooding might seem unlikely in your area, you are still susceptible, as 25 percent of flood insurance claims come from areas that aren’t in high-risk flood zones.
Flood coverage protects against damage caused by the rising or overflowing of bodies of water, rapid accumulation of rainwater, water backup from storm drains, and mudslides. These types of losses are seldom, if ever, covered by a traditional property insurance policy.
How Flood Insurance Works
Flood insurance policies come from the National Flood Insurance Program (a division of FEMA). While a standard insurance company issues the policy, the government regulates the actual rules, rates and claims, limiting the amount of coverage available for any one building and its contents. Excess limits are available from specialty insurance companies.
Trusted Flood Insurance Experts
Anderson Insurance Agency is one of the largest writers of flood insurance in the country, often even consulted by other insurance agencies for our expertise and track record. We have been writing flood insurance policies for more than 40 years, representing many of the most competitive insurers specializing in flood coverage.
Recent changes made by FEMA to the National Flood Insurance Program mean that premiums are rising and will continue to rise. This has sparked some competition and now there are insurance companies beginning to offer (or soon to offer) flood insurance outside of the National Flood insurance program. Most have lower premiums and offer equivalent of better coverage. Our office represents several carriers that offer this alternative. Usually these alternative companies only offer coverage for newer elevated buildings. Call us for details and a quick no-obligation quote.
We’re here to help protect your property and belongings from big storms, flash floods, and unexpected water damage. Calculate your potential flood losses using the tool below, or request a free flood insurance quote.