E & K Applauds this Win for all Insurance Consumers

Posted by Alex Boyer on Fri, Apr 17, 2015

The Asbury Park Press reports that "buyers of homeowners insurance policies will receive an easy-to-read, one-page summary of their coverage starting in June, according to an announcement Tuesday from the New Jersey Department of Banking and Insurance."


The coverage synopsis is the result of a law passed in May 2013 as a reaction to some of the confusion surrounding homeowners insurance and superstorm Sandy.

E & K applauds this win for all insurance consumers.


"As we worked with New Jersey consumers following that devastating storm, we saw that some homeowners didn't fully understand their homeowners insurance policy," said Banking and Insurance Commissioner Ken Kobylowski in a statement. "For example, some consumers believed that that homeowners policy covers flood damage. It does not. Flood insurance must be purchased separately. This one-page summary is one way the state is working to raise awareness of insurance issues so consumers understand clearly what their policies do and do not cover."

Read the full article in the Asbury Park Press.

Tags: Hurricane Sandy, Homeowner Insurance, E&K Insurance, NJ, Homeowner, House, Insurance, New Jersey natural disaster, home, FEMA, Superstorm, New Jersey, Homeowners insurance, coverage, Emergency Storm Claim Center, homeowner policy, storm damage

FEMA Extends Flood Insurance Claims Deadline

Posted by Rachel Auerbach on Thu, May 01, 2014

Hurricane Sandy hit more than a year ago, but are you still finding damage caused by the superstorm? And among work, chores, grocery shopping and getting the kids to school, do you still need time to complete your flood insurance claim? Well, you're in luck (an extra six months of luck, to be exact).

The Federal Emergency Mangement Agency (FEMA) has extended the deadline by six months to file for flood insurance claims in connection with Hurricane Sandy. New Jersey homeowners and businesses now have until Oct. 28, 2014 to file a complete flood insurance claim or proof of loss documentation. 

Screen Shot 2014 05 01 at 5.03.27 PM Hurricane Sandy Effects - Wikimedia Commons

Has Hurricane Sandy made you rethink flood insurance!? Has it taught you that homeowners insurance does NOT cover you for a flood? The National Flood Insurance Program (NFIP) allows you to purchase up to $250,000 on your home and $100,000 on your contents. With those limits, an NFIP flood policy could have an annual rate as low as $187! Your cost depends on the location, construction and age of your home.

Just remember that there is a 30-day waiting period before your coverage begins (which means you can't sign up the night before a hurricane is forecasted). To sign up or talk about your options for a flood insurance policy, email kauerbach@e-kinsurance.com or call 732-389-6000.

Tags: Hurricane Sandy, Flood Insurance, Insurance claims extension, FEMA, NFIP, Oct. 28th, Superstorm, Flood insurance policy, New Jersey, Homeowners insurance