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Posts Tagged ‘flood

Can you get Flood Insurance in time for a Hurricane?

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IMG_0692It’s too late when the flood arrives.  It’s too late when the hurricane is landing.  It’s too late two weeks before the hurricane arrives.

The National Flood Insurance Program (NFIP) has a 30 day waiting period unless you’re buying a new home or re-financing.  So if the peak of hurricane season is in August and September (for NJ and the rest of the Northeast) you have to start a month before.

Floods can occur on the side of a hill, or miles from rivers or lakes or sea shores.  25% of all flood losses happen in non-flood zones.

Flood insurance is not expensive in the low threat zones.  For higher value homes, it may be possible to bundle home and flood insurance in one policy.   Check with your insurance advisor.

If you’d like to have us check several insurance companies for you (in New Jersey) call 800-548-2329, extension 112.  Or click here to send some basic info to us so we can get started for you.

And yes, the baby elephant in this picture did make it across the flooding river.  His mom and aunties helped.

Flood Insurance Maps in New Jersey

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Flood insurance takes 30 days to put into effect. So start now if you want it when you need it.  Try our site for quotes.  Click here, fill in what you can, and we will help you get a quote. (Remember to fill in the security code at the bottom.)

Here is a link to the new flood insurance maps in NJ. This uses National Flood Insurance Program (NFIP) data (part of the Federal Emergency Management Agency or FEMA).

While we can’t guarantee these maps, because we don’t control the site, they have been useful to us in counseling clients.  There have been winners and losers in the new maps; some New Jersey areas have been moved to lower risk designations, many have moved to higher risk and higher costs.

With new maps in place, individuals whose property was damaged by Hurricane Sandy now know how high they have to raise their property to qualify for lower rates.

But keep an eye on rate changes.  While the FEMA/NFIP program states that prices will rise under caps, the caps come off when you make certain changes.  That’s when you see the headlines about people whose flood insurance rate has gone up 100% or even 1,000%.

If you have questions, need some advice, want to change agents, or need to start a flood policy, please give us a call at 1-800-548-2329, extension 117.   Para Español, ext. 110

Tropical Storm headed toward you?

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Insurance companies prohibit adding or starting property coverage when named storms approach. A tropical storm is approaching the Atlantic coast of the US. If you want property coverage, if your coverage is inadequate, act now.

If you need help in with New Jersey insurance coverage, call us today. 1-800-548-2329. or

If you want flood insurance, it may be too late for this month, but you should get started if you want it before September.  Hurricanes in the Northeast peak late in the season.

Prepare for disasters in advance

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Hurricane season for 2013 starts in less than a month.  Preparing in advance may take more time than we have before the next hurricane.  Or you may have a couple of years before the next major hurricane strikes you.  Either way, here are some locations for preparation advice.

Residential preparation: Click here for the pamphlet on preparing for hurricane damage to homes.

Or go to this link for more catastrophe preparation and response info and suggestions from Travelers Insurance and Hanover Insurance.

Business preparation: Click here for the page leading to a full business recovery preparation program.  This is an excellent introduction to developing a step by step business recovery plan.  If you would like help with this or additional resources, call us at 1-800-548-2329 ext. 101

After two years of significant hurricane damage in the Northeast, we should all be on our toes about catastrophe preparation and catastrophe insurance (flood and windstorm).  The odds of another serious storm are exactly the same as they were in 2011 and 2012.

Following flood conditions in rivers and streams

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If you would like to follow the increase in streamflows around NJ (in case the weather forecast comes true), here’s the official US waterdata site for NJ. The little green and orange dotes (average and low flow) will turn blue, or black if they’re going to flood. Or check us at  if you have any questions.

Written by gbwinsurance

September 29, 2010 at 2:23 pm

Flood Insurance reminder

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Since we are now about a month from the peak of hurricane season in the Northeast, remember it takes 30 days for flood insurance to go into effect. If your building is in or near a flood zone, and you would like to have flood insurance in place, do it now. If you would like to check, call us at 1-800-548-2329 and we can look at the NFIP (National Flood Insurance Program) map for you.

Written by gbwinsurance

August 1, 2010 at 11:01 pm

Prepare for hurricane season

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Insurance representatives can not increase your property coverage when a hurricane is approaching. Here’s a quote that came in this morning straight from one of our insurance companies:

“Tropical Storm or Hurricane Binding Authority Restriction: When a tropical or hurricane “storm watch” or “storm warning” (as defined by the United States Weather Bureau), has been issued by the National Weather Service, the area where an Agent does business may be adversely effected. For that reason, new coverage and/or increases in existing coverage binding authority is suspended automatically during the period of time that area is subject to a tropical or hurricane “storm watch” or “storm warning.” Authority is automatically reinstated 24 (twenty-four) hours after the National Weather Service lifts the “storm watch” or “storm warning”. This severe weather binding authority restriction applies to any personal or commercial property that may be subject to loss or damage caused by: hurricane, tornado, windstorm, flood or surface water. Agent should refer any questions pertaining to this Tropical Storm or Hurricane Binding Authority Restriction to Company.”

So, get your property values right before storms approach. And remember that the National Flood Insurance Program (if those @#$%^& in Congress get their act together and reauthorize it) takes 30 days to put flood coverage in place. You really have to think ahead if you want storm protection.

Give us a call at 1-800-548-2329.