Flood Insurance

Serving Central New Jersey

Can you imagine how expensive it would be to rebuild and finance your house or business and replace all of your belongings in case of a flood? Did you know that most home and business insurance policies do not cover flood damage? Let Sharer & Associates help protect you from the potentially damaging financial effects by explaining the different ways we can help!

What you need to know about flood insurance

Flood insurance coverage options

Additional coverage

Flood insurance discounts & savings

At Sharer & Associates, we provide quality, affordable insurance to the residents of Millstone Township, Monroe Township, Manalapan, Freehold, East Windsor, Hightstown, Jackson, Hamilton, West Windsor, Princeton, and all of Central NJ.

What you need to know about flood insurance:

You do not have to live in a high-risk flood zone to experience flooding. In fact, many people don’t know that about 25% of all flood claims today are from people who do not reside in a high-risk flood zone. The most common natural disaster in the US, flooding can happen any time of year and is not limited to coastal areas or devastating storms. Some of the more frequent causes are Tropical Storms and Hurricanes, Spring Thaw, and Heavy Rains.

The following is what you should consider when purchasing flood insurance:

You should not solely rely on Federal Disaster Assistance for full protection
Flood policies are provided by the Federal government; however they are administered by insurance companies. They’re available in communities that have joined the National Flood Insurance Program (NFIP). Check to see if your community has joined by calling Sharer & Associates today, or checking on line at www.fema.gov/fema/csb.shtm
Just a few inches of water from a flood can cause tens of thousands of dollars in damage. Over the past 10 years, the average flood claim has amounted to over $33,000. To find out how much damage could occur in your home, visit http://www.floodsmart.gov/floodsmart/pages/flooding_flood_risks/the_cost_of_flooding.jsp.
Flood insurance is available to homeowners, renters, condo owners/renters, and commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers, and the property's flood risk.
Flood policy provides coverage for buildings and contents. However, you might want to consider whether to insure your personal property since contents coverage is optional.
Typically, there's a 30-day waiting period - from date of purchase - before your policy goes into effect. That means now is the best time to buy flood insurance
Flood insurance is more affordable than you think. Contact us today to find out more about flood insurance or submit a free flood insurance quote request right on our website.

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Flood insurance coverage options:

A Preferred Risk Policy is substantial for homes or businesses located in moderate to low flood hazard areas. It is equivalent to a Standard Flood Insurance Policy. Coverage for direct physical loss due to flooding includes:

Buildings structure can be insured up to 250,000 for residential and 500,000 for non-residential
Contents can be insured for up to 100,000 residential and 500,000 non-residential
Replacement cost coverage is also available for a single-family, primary residence.
To qualify, your dwelling must be your principal residence, it must be owner occupied, and it must be insured at the time of the loss for at least 80 percent of the building’s replacement cost or the maximum coverage available, whichever is less.

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Additional coverage:

The amount of coverage that is available for purchase is dependent upon your communities flood program status, replacement cost value of your home or business and the policy limits available. Call Sharer & Associates today to find out more information on how we can protect and cover you properly!

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Flood insurance discounts and savings:

FEMA or Federal Emergency Management Agency determines flood insurance rates for communities. Then all companies looking to offer national flood insurance have to provide coverage at the same price.

Please call Sharer & Associates at 732-446-4919 today to begin the process of protecting your home and your things. And remember to fill out a free quote request!

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