Flooding is the most common and costly natural disaster in the United States. Even a few inches of water can cause devastating damage to property, making flood insurance a critical consideration for homeowners and business owners alike. A licensed insurance agent can guide you through the process of selecting the right flood insurance to protect your assets. Here’s what you need to know:

Does My Homeowners Insurance Cover Flood Damage?

Most standard homeowners insurance policies do not cover flood damage. While federal disaster assistance may be available after a flood, it is limited and not guaranteed. The most reliable way to protect your property from flood-related losses is to purchase flood insurance.

What Is Flood Insurance?

Flood insurance is a specialized policy that covers damage caused by flooding. This includes incidents like heavy or prolonged rain, melting snow, coastal storm surges, blocked storm drainage systems, or levee and dam failures. Coverage extends to both building repairs and personal property losses, depending on your policy.

The New Jersey Real Estate Commission (NJREC) has introduced a new requirement for all real estate licensees: ensure your Continuing Education (CE) credits are accurately recorded with PSI. With the NJREC Ethics CE requirement deadline fast approaching on April 30, 2025, it's essential to confirm that your credits are properly reported to avoid disruptions to your licensure. Additionally, the NJREC CE requirements consist of 12 total credits, distributed as follows: 1 Hour - FAIR HOUSING & NJ LAW AGAINST DISCRIMINATION, 1 Hour - AGENCY, 2 Hours - ETHICS, 2 Hours - CORE, and 6 Hours - ELECTIVES. Be sure to fulfill these requirements to remain compliant.

1. Compliance with NJREC Requirements: Ensuring your CE credits are correctly logged is a mandatory part of maintaining your real estate license in New Jersey.
2. Avoid License Suspension or Penalties: Missing or incorrectly reported credits can lead to license suspension, late fees, or other penalties.