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Flood Insurance in New Jersey

While flood insurance is not a mandatory legal requirement for homeowners and business owners in the Tri-State area, it is increasingly becoming considered a good investment due to the increase of heavy storm seasons. Furthermore, if your Tri-State area home is in a neighborhood that is at high risk of flooding and you have a mortgage on your home, then your mortgage lender might require this policy. The following is a quick look at what flood insurance is and why you should talk to your Rock Insurance Agency Inc. agent in Medford, NJ about adding such a policy to your overall home insurance coverage.

Why Buy Flood Insurance

Flood insurance is a good investment for most homeowners as it will provide financial restitution for physical damages caused to your home and belongings in the event of a flood or losses associated with rising waters. As with other Rock Insurance Agency Inc. policies, you'll choose the exact premium amount and amount of coverage that's right for you and your household.

Facts That Will Impact Insurance Rates

Not sure if you can afford flood insurance? You might be surprised at how low a comprehensive plan might be. Some factors your Rock Insurance Agency Inc. agent will talk to you about include:

• Coverage Amount - You can choose to cover only your home or your home and your belongings and can choose a coverage amount such as $10,000 or $250,000.
• Deductible amount - As with other types of insurance coverage, a higher deductible will equate to lower monthly premiums and vice versa.
• Age of your building and other structures - Often, older homes will be less expensive to insure than newer homes. .

Contact Rock Insurance Agency Inc. to Learn More

For more information about flood insurance rates and coverage, contact our team at Rock Insurance Agency Inc. in Medford, NJ and let us help you find the perfect policy to meet your insurance needs.