Homeowners insurance does not customarily cover flood damage. In other words, flood insurance, in virtually all cases, must be purchased separately from your homeowner’s policy.
If you live in a flood plain, it’s likely you’ll be required by a mortgage lender to purchase flood insurance, which is backed by the federal government. Yet flood insurance may be a good idea for every homeowner – call Frank P. Licato Insurance Agency at 908-757-5500 or email to find out more on how to protect your residence and investment.