Are You Looking for an Insurance Agency in Ocean County, NJ?

BeachHavenHomesOcean County, NJ is located along the Jersey Shore in New Jersey, United States.

The headquarters of the county is Toms River and the township has been one of the fastest-growing areas in the state, just like the county itself.

With a total area of 915.40 square miles, according to the 2010 census by the United States Census Bureau, Ocean County, NJ, is adjacent to Monmouth County, NJ in the north, Atlantic County, NJ in the south, and Burlington County, NJ, in the west.

Despite being located in Central Jersey, Ocean County is also a portion of the New York metropolitan area.

The county is home to several tourist attraction sites where Delaware Valley residents are frequent visitors. Much of the county’s land is coastal and flat, with several beaches, making it a popular destination to visit during the summer months.

Importance of Homeowners Insurance Coverage for Ocean County, NJ Residents

If you reside in Ocean County, NJ, you should consider homeowners insurance coverage from a reputable insurance agency in the county.

Standard homeowners insurance coverage is typically comprehensive enough to help cover most of the regular home incidents such as fire, house destruction by broken tree branches, theft, etc.

However, coastal homes close to the ocean have more specific necessities that standard homeowners insurance may not cover.

Additionally, other insurances do not even offer standard homeowners insurance to coastal residences due to the high risk of flooding and storm.

If you reside within 5 miles of a coast, coastal homeowner insurance can offer extra coverage due to the additional exposure and the risk you face when you are close to the water.

The package can help you fill in the gap that standard homeowners won’t cover due to high-risk factors.

This coverage type usually separates hurricanes, wind, and named storms. They typically contain their deductibles, generally at a flat rate of between 1-5% of your home value.

Coastal homeowners insurance installs this coverage to ensure you are wholly protected from weather, storms, or any other hazard that you may encounter.

Because your home is more exposed to these risks, you require homeowners insurance coverage to address these risks at fair premiums and appropriate coverage limits.

Flood Insurance in Ocean County, NJ

Flooding is a major natural disaster in the US. Floods cost homeowners, the government, and insurance companies billions annually. If you have highly invested in your house, you may be risking financial ruin if you do not have flood insurance coverage.

It is important to note that flood insurance coverage is not activated after you sign up immediately. This prevents you from purchasing a policy when a storm is coming your way. In most cases, there is a 30-day waiting period.

However, in some cases, there are some exemptions:

  • If your home address was recently included in the maps for Special Flood Hazard Areas and you purchase a flood insurance policy within the 13-month duration after revising the plan.
  • If your residence is impacted by floods on burned state land and you buy an insurance policy within 60 days after the fire suppression.
  • If you are renewing your flood insurance and increase your insurance coverage.
  • If you just purchased a household and your mortgage provider needs flood insurance coverage.

If you purchase a flood policy when a rainy season approaches, you can get trapped in a difficult situation.

You may have the policy, but it may not be eligible for coverage when a storm hits you within 30 days. It is recommendable to purchase the policy early enough.

Flood insurance covers damages directly linked to flooding or other losses related to floods such as erosions caused by prolonged or heavy raining, coastal storm outpourings, snowmelt, levee dam failures, obstructed storm drainage systems, and other similar events.

Flood insurance companies compensate policyholders for physical losses such as:

  • The insured structure and its groundwork.
  • Furnaces, central air-conditioners, and water heaters
  • Detached garages (a maximum of 10% of physical coverage) *outbuildings need distinct policies*
  • Cooking stoves, Refrigerators, and built-in equipment such as trash compactors and dishwashers
  • Plumbing and electricity systems
  • Shutters and Window blind
  • Permanently-installed flooring and Carpeting.
  • Permanently-installed wallboard, paneling, and built-in cabinets and bookcases
  • Removal of Debris

Flood coverage compensates loss and damage of personal assets such as:

  • Furniture, Clothing, and electronics
  • Portable window air-conditioners
  • Movable dishwashers, microwave ovens, and other small equipment
  • Window and curtain treatments
  • Food freezers plus the foodstuff in them
  • Rugs
  • Clothes dryers and washers
  • Treasures like jewelry and artwork

If you possess too many treasures, request your insurance provider about extra endorsements or riders in your flood coverage.

You do not have to reside in a flood zone to purchase a flood insurance policy. In fact, according to statistics, several flood claims arise outside flood-prone areas.

Mortgage providers need home buyers located in designated flood plains or Special Flood Hazard Areas (SFHAs) to have a flood insurance policy. However, it would help if you considered having a flood insurance policy, even if it is not a requirement.

Based on Insurance Information Institute statistics, over one-fifth of insurance claims related to flood damages and losses originate from low and moderate risky areas where homeowners are not required to have flood insurance coverage by their mortgage lenders.

Personal Insurance Coverage

If you live in Ocean County, NJ, it is also essential to have personal insurance coverage.

Personal insurance covers a person’s life against risks of injuries, death, and illness or costs incidental to the latter. You can buy this coverage for individual or family protection.

Business Insurance

Business insurance coverage offers protection to businesses against loss and damages that may arise during normal operations of the company.

They usually cover legal liability, property damage, and employee-related risks. Business owners in Ocean County, NJ, should also consider business coverage from a reputable provider.