Commissioner Considine Reminds Consumers that Standard Homeowners Insurance Does Not Cover Flood Damage

TRENTON, NJ – April 5, 2011 – (RealEstateRama) — New Jersey Department of Banking and Insurance (DOBI) Commissioner Tom Considine today reminded consumers that most homeowners or renter’s insurance policies do not cover flood damage. Homeowners or renters can purchase flood insurance provided by the National Flood Insurance Program (NFIP), a federal program which is the primary provider of flood insurance, through their insurance broker or carrier.