Do not wait until water has come into your home to discover if you have flood insurance coverage. Many people mistakenly believe that their general homeowner’s policy offers flood insurance. It does not. Flood is one disaster that is specifically excluded from most real property insurance. While your homeowner’s policy may cover water damage that occurred because of something that happened inside your home, such as a burst water heater or leaking dishwasher, coverage for flood waters entering your home has to be purchased separately.
The National Flood Insurance Program (NFIP) is a FEMA-regulated program that works with over 90 private insurers to offer flood insurance. Premiums are set by the organization based on risk of flood, property value, and other factors, and the premiums are the same regardless of the provider you choose. Even if you live in an area that has not previously experienced flooding, New Jersey is a coastal state and the increasing frequency of super storms means flooding is only going to become more likely. Given that most homes in low-risk areas can find flood coverage for under $50 a month, it is a worthwhile investment for any property owner.
Getting flood insurance coverage is the first step, but making sure that your insurance covers all of the damages from a flood is a second critical step. Hire an independent Flood Damage Insurance Adjuster to determine the value of your claim. It is probably higher than you realize it will be, because floods cause much more damage than people realize.
At Diversified Public Adjusters, our professional team of professional loss adjusters know what it’s like to deal with Insurance Companies in the Garden State. With years of experience under their belt, our expert NJ adjusters will fully assess the scene, making sure that nothing goes unclaimed. From FEMA regulations to moisture detection within the walls, you can trust us to make the most out of your coverage. From day one, our commitment is to ensuring that you get the claim you deserve and the settlement you need to begin rebuilding your life after a flood.
To understand why even small floods can cause serious property damage, you may have to challenge what you think you know about flooding. If you have never lived in a flood-prone region, you may think of a flood as an excess of water and think that the real challenge after a flood is getting things dry. This is not true. It is not only water that comes into buildings during a flood. It is also everything that water picks up, which usually includes yard chemicals including weed killers and pesticides, animal waste, litter, debris, and dirt. The water can contain diseases and it may be impossible to thoroughly clean some parts of your home. In addition, standing water can soak wood, drywall, and other building materials weakening the structural integrity of the building and creating a potential for mold in the future. Therefore, flood remediation is generally not going to be accomplished with a thorough cleaning and drying of your home. Our flood damage public adjusters will thoroughly examine your home to ensure that your claim not only includes flood problems you see now, but also flood problems that could be hiding.