Does Crop Insurance Cover Flooding in New Jersey?

The honor of producing a bounty and feeding America can be a great task. With each task comes responsibility, and protecting your farm is just the cost of doing business. New Jersey commercial insurance will help pay for flood damage to your crops with the proper limits. 

Fortunately, a New Jersey independent insurance agent has access to highly rated carriers and can find a policy that makes sense. Since they do the shopping for free, you'll be saving time and money. Connect with a local expert at no cost to get started. 

What Is Crop Insurance?

When it comes to crop insurance, there are two options. Multiple peril crop insurance is funded through the federal government and covers most natural disasters including fire. Crop-hail insurance can be found through private carriers and provides coverage for hail damage to your crops. Check out how expensive your crop could be to insure below:

Value of crop insurance premiums in the US 

The cost of running a farm includes the amount you pay for crop insurance and other farm policies. While you can't know your exact costs without custom quotes, you can see the baseline. 

What Does Crop Insurance Cover in New Jersey?

Your primary crop insurance policy is called multiple peril crop insurance. There is a second one you'll want to have for accurate protection, called crop-hail insurance. Check out what each one covers in New Jersey:

• Multiple peril crop insurance: This policy is through the federal government and will protect your crops from fire, severe weather, flooding, theft, vandalism, and more. When a loss occurs, the carrier will provide the funds to replace your crops.
• Crop-hail insurance: This policy is through private carriers and will cover hail damage to your crops. 

Does Crop Insurance Cover Flooding in New Jersey?

Multiple peril crop insurance is funded through the federal government. This policy will protect your crops from flooding that occurs and pay up to a preselected dollar amount for your loss.

Items your adviser needs to know for multiple-peril crop insurance:

• Your crop specifications: What are your crops, where will you be storing them, how much is there, and how many acres will your crops occupy?
• What your crops are worth: How much will it cost to replace your crops before, during, and after the completed harvest?
• What preemptive protection you have in place: Are there special measures you take to ensure that your crops are safe from pests, wild animals, and predators? Are you using pesticides? What equipment are you using to care for your crops? Where are you storing your crops after growing and before distributing them?

Most expensive flood disasters in the US, by National Flood Insurance Program (NFIP) payouts

Flood disasters occur everywhere and without notice. To protect your New Jersey crops, it's essential that you have proper flood insurance, so the year isn't a total loss.

What Doesn't Flood Insurance Cover in New Jersey?

Every policy comes with a list of exclusions that aren't covered. When it comes to flooding, first, you have to understand what a flood is to the insurance companies. 

• What is considered a flood: A flood is an excess of water on land that is usually dry. This typically is classified as affecting two or more acres of land or two or more properties. 

So that begs the question of what's not considered a flood under your typical flood coverage. If you have a water/sewer backup, a burst pipe, a waterline malfunction, or anything similar, it probably won't qualify as a flood. 

How an Independent Insurance Agent Can Help in New Jersey

When you're on the hunt for the best farm and crop insurance, it's essential that you find a carrier to suit your needs. There are several markets that can help protect your crops. Some are through the federal government, while crop-hail insurance can be found with private insurers.

Fortunately, you don't have to go it alone, and a New Jersey independent insurance agent can help at no cost. They have access to a network of highly rated carriers so that you can find affordable coverage. Connect with a local expert on trustedchoice.com to get started for free.