07046, NJ Home Insurance

In the zip code of 07046, the population size is around 4,508, which consists of 1,383 occupied homes in your area. We often hear homeowners ask us what the average home insurance premiums are for residence living in Mountain Lakes, NJ. A few years ago, a study was done and found that the average home insurance rates for New Jersey are around $955 per year for a standard homeowners policy. At GetHomeInsuranceQuotes.com, we help homeowners find cheaper rates and better coverage for an existing or new home purchase opportunity. We have partnered with 12 major home insurance companies that have the most competitive rates for homes in the 07046 zip code location. Our savings model helps you not only save up to 40% or more, but also includes enhanced coverage options to help protect your home and family while livings in Mountain Lakes. If you enter your zip code for the home you would like to shop and compare rates for today, we can help you review the premiums and coverage online or over the phone. Give us a call now at 1-855-976-2656 so we can help you compare rates today!

If you would like to review more information on rates within your area, please click Mountain Lakes, NJ Homeowners Insurance Online Rates Today!

Average Building Cost Per Square Foot in 07046: $193

Average Square Footage in 07046: 4,243 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 07046 before you start any project. Mountain Lakes homeowners pay on average around $193 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 07046 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 07046 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 4,243 sq. ft. and the average cost to rebuild the home in this area is around $193 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Mountain Lakes area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

It's important to understand that when you estimate your replacement cost of your home in the 07046 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Household Data for 07046

The average number of homes in 07046 is around 1,383, there are an average of 3.26 per household. The average house value according to local real estate values is around $818,900. Please review the following demographics below for average income and media age.

• Buy Flood Insurance: What we learned from Hurricane Ida Posted on Monday 20th September, 2021

  On September 2, 2021, Parked cars in New Brunswick, New Jersey submerged underwater after Tropical Storm Ida. Hurricane Ida struck Louisiana as a category 4 hurricane with 150 mile an hour winds and days later hit New Jersey, New York, and other states with a massive amount of rain that has caused numerous flash floods, […]

• FEMA’s new rating system is called “Risk Rating 2.0,” effective October 1st, 2021 Posted on Wednesday 28th April, 2021

  A recent report by ValuePenguin looked at the new risk ratings that the Federal Emergency Management Agency’s (FEMA) will be using when determining premiums for flood insurance in the National Flood Insurance Program (NFIP). The report found that millions of homeowners could see noticeable increases in flood insurance costs. FEMA’s new rating system is called […]