Contact Us

Shults Insurance Agency Inc.

377 Park Ave. Scotch Plains, NJ 07076
Phone : 908-889-7444
Fax : 908-889-7583
Email :

Private Market Flood

Private Flood Insurance is an alternative to the federal government’s National Flood Insurance Program (NFIP). You will be getting a great policy and at a great price. Private Flood Insurance offers better and broader coverage than the one size fits all NFIP policy.

The NFIP was created in 1968 to help mitigate flood losses in the U.S. During this time there was lack of research, risk mapping and private insurance companies that could handle a catastrophic event such as flooding. This created a monopoly for the NFIP which they have used to drive up the premium and reduce what the policy will cover. Private flood insurance policies are covering properties better and saving money while doing so. Private Flood Insurance Market can offer higher limits than the NFIP’s standard coverage of $250,000 for residential and $500,000 for commercial properties.

Private Flood Insurance can save up to 70% on the premium over the NFIP in certain situations. We are agents for many private market flood insurance companies. Please contact us to receive a quote.

Partner Carriers

  • Assurant
  • Cabrillo Coastal
  • Farmers Mutual Fire Insurance Co. of Salem County
  • Foremost
  • Lloyd’s of London
  • NCIP – CatCoverage
  • Norfolk & Dedham
  • Plymouth Rock
  • Progressive
  • Swyfft
  • The Philadelphia Contributionship
  • Travelers
  • US Assure