Flood

Did You Know?

A flood policy can be a valuable supplement to your homeowners coverage.

New Jersey Flood Insurance

Flood Insurance

Flood insurance is available from the National Flood Insurance Program through NJM's wholly-owned subsidiary, New Jersey Re-Insurance Company (NJRe).

It is important to know that flood losses are not covered under homeowners, renters and dwelling policies, and also that there is a 30-day waiting period from the time of application and payment until the policy takes effect.

You do not need to live near water to be flooded. Floods result from storms, melting snow and hurricanes. As long as your community participates in the National Flood Insurance Program, except for areas protected by the Coastal Barrier Resources Act, you can purchase a flood insurance policy. Whether you live in an area likely to flood or in one that is at low risk, flood insurance is available to you.

Keep in mind that contents coverage must be purchased separately.

It is also important to know that there is limited coverage in a basement area. The NFIP defines a basement as any area of a building with a floor that is below ground level on all sides. Under building coverage, improvements to a basement, such as finished walls, floors or ceilings, as well as personal belongings located in a basement are not covered under either NFIP building or contents coverage.

More information about a flood insurance policy from the National Flood Insurance Program is available on this Summary of Coverage and our Flood Facts page.

Current policyholders can Contact Us here.