How to Know if You Need Flood Insurance

How to Know if You Need Flood Insurance

Insuring your home is essential if you want to protect yourself from financial loss. There are many different policies to choose from, which can make it difficult to narrow down which ones are right for you and your home. If you are worried about whether or not you should invest in flood insurance in NJ, there are a few things you can do to find out if it is necessary.

Check Your Paperwork

When you purchased your home you should have received a home inspection. A “Natural Hazards Disclosure” may have been included that outlines whether or not your home is located in a flood zone as designated by the Federal Emergency Management Agency.

Visit Local Government Agencies

Your local county assessor’s office should have an official list of your area’s flood zones. You can find out whether your parcel is listed as a high-risk for flooding and should be insured as such.

Ask Your Neighbors

If needed, you can also check with your neighbors to find out about flood history in your area and whether or not they have flood insurance in NJ. They may have the best information about the background of your area and may be able to give you good advice.

You don’t want to be caught without flood insurance when you really need it, so it is best to do your homework.