132 Columbia Turnpike, Florham Park, NJ 07932
Spanish 973-377-6100

New Jersey, NJ Flood Insurance

flooded cityThe Franchino Insurance Agency provides  HOMEOWNERS FLOOD INSURANCE for NJ homes, dwellings, businesses and commercial properties in New Jersey both through the National Flood Program (NFIP) and through another excellent competitive program called Natural Catastrophe Insurance Program (also know as) CatCoverage.  Flood coverage can be written for all types of buildings, homes, rental dwellings, condos, commercial buildings, etc.

The NJ Flood Insurance policies that we write through the National Flood Insurance Program (NFIP) are serviced by Selective Insurance Company. They provide excellent support and service.

The CatCoverage program provides an alternative to the National Flood Program.  Many times it is more competitive and provides better protection.  Their definition of a flood is more liberal than the NFIP.

Building and / or contents coverage limit is five million ($5,000,000.) (sometimes higher)   The National Flood program maximum for building is $250,000. for residential and $500,000. for commercial.  It is accepted by all lending institutions. It provides coverage from not only flood but earthquake, landslides and mudslides.

It is more competitive for the following reasons:

  • No elevation / flood survey is needed (this saves $300. to $1,000.)
  • It does not use flood zones
  • Coverage is more comprehensive

For a complete list see: COMPARISON OF FLOOD INSURANCE PROGRAMS.

If you are seeking new coverage or currently have flood insurance you should call us now and compare the National Flood Insurance Program with National Catastrophe Program. You may be able to save a great deal of money and also obtain more coverage.  Don’t shop for flood insurance just for price, but for coverage.  Remember, real estate is most people’s biggest and important investment.  Protect it!

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Please see our EXCESS FLOOD COVERAGE page.

An example of saving provided:

September 2007 – by rewriting a National Flood Policy to the InsureCat program this agency saved the customer over $40,000 on a commercial policy!

June 2009 – Pequannock NJ.  Flood insurance through the NFIP $19,850.  Through CatCoverage $2,119. which provides better coverage!

Further Flood Insurance Information

We have further information regarding flood insurance on the following pages: