Home Insurance in Middletown>Question Details

Ren1835, Home Buyer in Middletown, NJ

What is the average cost for flood insurance on the "wet side" in the Middletown sections?

Asked by Ren1835, Middletown, NJ Thu Mar 18, 2010

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I just paid 700.00 for the year with a 5000.00 deductable. I've lived in this area for 40 years and have never seen it flood!!
2 votes Thank Flag Link Thu Mar 25, 2010
Be sure to get the high deductible and you can keep the price low, been on the wet side of Port Monmouth for 8 years with no floods, and they say I'm in a "high risk" zone. My neighbors have been here 30+ years and said they've never had a flood either. I just saw that it's up for rezoning in 2012 though, so hopefully by then they will eliminate the need with all the new construction around that built up the area. Even in the horrible floods in NJ earlier this year, we didn't get hit. Another fact is that you only have to get the insurance to cover the amount of your loan, not the full price of the house, that can lower the cost as well, especially if you requote it every year as you pay down principal on your loan. Doesn't cost anything to do this, just a few minutes of your time.
0 votes Thank Flag Link Mon May 17, 2010
Ren: Here's a governmental site that may be useful to you. http://www.floodsmart.gov/floodsmart/pages/landing_pages/lan…

The best thing to do is to Google New Jersey Flood Insurance and get some quotes.
Web Reference: http://www.soreal.biz
0 votes Thank Flag Link Thu Mar 18, 2010
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