In New Jersey, we’ve seen our share of natural disasters over the years. Whether it’s Superstorm Sandy, Hurricane Irene, or the countless Nor’easters that roll through town, we’re all too familiar with the dangers that flooding can bring. Flooding can be devastating to your home and personal property, but it can also cause irreparable damage to your finances.
O’Donnell Agency LLC believes it’s essential to understand flood risk and the importance of comprehensive flood insurance.
The Importance of Comprehensive Flood Insurance
Once you know your risk, it’s important to consider a comprehensive flood insurance policy. While standard homeowners insurance policies include coverage for water damage, it doesn’t automatically cover flood damages. Flood insurance is a separate policy that can help you recover financially in the aftermath of a flood. Without flood insurance, you could be facing thousands of dollars in out-of-pocket expenses to repair your home and replace damaged personal property.
It’s also important to note that flood insurance policies have a 30-day waiting period before coverage begins. This means you can’t simply purchase flood insurance when you see a storm coming; you need to have it in place before the next storm hits. Planning ahead can make all the difference in recovering from a flood.
When it comes to flood risk, knowledge is power. Comprehensive flood insurance coverage can help you weather the next storm that hits New Jersey with less financial stress. Purchasing flood insurance is truly an investment in your present and future. If you’re unsure about your flood risk or have questions about flood insurance in New Jersey, reach out to O’Donnell Agency LLC. We can connect you to the coverage that’s right for you.