About Flood Insurance for Your Condo

Residents of Fords, NJ like other residents across the state know, Mother Nature can be unpredictable when it comes to the weather. One of those weather-related events is flooding. For those living in a condo, you may be wondering if purchasing a flood insurance policy is necessary. For an answer to that question, give us a call at Five Star Insurance Agency. Our experienced agents will go over the benefits of a flood insurance policy and why it is recommended to have one in place before an unexpected event occurs.

Flood Insurance Benefits

There is sometimes the misconception that in the event the property is flooded, the insurance policy carried by the Home Owners Association (HOA) will take care of each resident’s condo, which may include their personal belongings, the interior of the condo, or any improvements that may be necessary. The HOA policy, which is a standard HO-6 policy, provides coverage for the exterior of the building and any common areas.

When you purchase a separate flood insurance policy, it covers replacement of your personal belongings, which include electronics and clothing, plus damage to the interior of your condo, such as drywall and flooring, and appliances, such as washers and dryers.

Contact Us

Take the first step towards peace of mind in Fords, NJ in the event of inclement weather resulting in flooding, by letting one of our agents at Five Star Insurance Agency answer any questions, thoroughly explain the coverage provided, and then get your policy in place. Don’t wait or hesitate to ensure your assets and investment. Give us a call as soon as possible — we’re here to help.