It is a well-known fact that floods are considered the number one natural disaster in the United States. In fact flood risks are so and flood damage can be so devastating that most insurance companies don’t offer flood insurance. So where do you get flood insurance for your home or business in Clark, East Brunswick, Edison, New Jersey, Union, West Orange, Westfield or Woodbridge NJ. Well a good idea will be to consult with a local and independent agent such as American Insurance. If there are carriers offering flood insurance they will know about it and they will be able to get you the best deal.
Flood insurance does not normally form part of your general homeowners insurance or your business insurance policies. If your community participates in the National Flood Insurance Program (NFIP), you could get flood coverage from this government sponsored program. However it will have to be a real flood and not just water damage in order for you to claim.
If your property or business is located in a low or moderate risk zone you can get a low-cost preferred risk policy. Even though the risk is lower, floods do occur in moderate and even low risk areas and when they do you don’t want to find yourself without flood insurance.
When it comes to business insurance, flood coverage is only one aspect of it. Your business will require commercial insurance that covers your liabilities, your commercial property, your equipment, your vehicles, your workers and your income. You can get a standard business owners policy but you will likely need a more comprehensive solution. Certain types of businesses also require specific insurance solutions related to their industry. For example a builder may require builders bonds and a transport will need specific transport insurance. Business insurance is complex and best left in the hands of experts.