Many New Jersey homeowners underestimate the likelihood and potential impact of flooding on their homes and families. However, the increasingly frequent severe weather events and their aftermath suggest many New Jerseyans should rethink their attitudes around safeguarding their homes from flood events and the steps they can take in preparation.
While hoping these events never occur, our Creative Risk Management LLC team stands ready to review the flood and other insurance needs of New Jersey homeowners like you.
Lessons Learned and Takeaways in New Jersey
New Jersey is increasingly threatened by hurricanes and other severe weather events, drawing attention to the 10% of New Jersey homes in high flood-risk areas. However, FEMA reports that 25% of flood insurance claims in New Jersey are from outside the high flood-risk areas. This fact reminds us that flooding can impact those in moderate- and low-risk areas, and they should consider acquiring flood insurance. Thankfully, being in less risky areas means flood insurance coverage can be relatively inexpensive.
A second lesson is that disputes about flood claims commonly concern the extent of damage and loss and potential pre-existing conditions. This situation reinforces the need to prepare for future claims by regularly documenting your belongings and the condition of your home using a smartphone or similar device. Doing so limits the potential of future disputes and ensures you receive full and fair treatment for flood, fire, or other types of claims.
Working with Creative Risk Management LLC
Creative Risk Management LLC proudly serves New Jersey homeowners to handle their flood and other insurance needs. We will work with you to recommend an insurance plan that protects your home and family against unforeseen events. Call us or stop by today to discuss your insurance options.
