Over 2,400 Sandy-Related Insurance Claims Filed in Holmdel and Hazlet

An interactive map, produced by NJ Spotlight, breaks down insurance costs by town following Hurricane Sandy.

An interactive map produced by New Jersey Spotlight and published late last week provides a complete breakdown of every insurance claim paid in New Jersey since Hurricane Sandy by town, giving further insight into the totality of losses suffered during the late-October storm.  

Information from color-coded map was compiled using the most recent data from the New Jersey Department of Banking and Insurance (DOBI).

Based on the most recent data, 1,192 claims were filed in Holmdel, using the zip code 07733. A total of 852 have been paid for a total of $6,232,273. There were 267 claims that were closed without payment, which could mean the claim was denied or that the claim was below the deductible. Between $2 million and $5 million in insurance losses are expected.

In the portion of Hazlet with area code 07730, a total of 1,267 claims were filed. So far, 967 claims have been paid for a total of $5,509,149. A total of 236 were closed without payment. There, insurance losses are also expected to be between $2 million and $5 million in insurance losses are expected.

Area code 07734, which includes Keansburg and the northern part of Middletown, saw 2,175 claims filed. Of that, 1,530 -- or $20,243,412 worth -- of claims have been paid. Closed without payment were 475 cases. Total insurance losses are expected to exceed $25 million. Insurance losses are also expected to be between $2 million and $5 million in insurance losses are expected.

To view the map, click here.

Towns with minimal losses - those with under $200,000 in paid out claims - are represented by a light yellow color. Towns that have suffered more than $25 million in losses, which includes most of the state's coastal communities, as well as large portions of Ocean and Monmouth Counties, are shown in mahogany.

According to the report, the total cost of insurance claims paid to New Jersey residents and business owners following losses incurred during Hurricane Sandy is expected to reach at least $7.5 billion.

As of the end of March, individuals and business owners filed a total of 516,326 claims. In the five months following Sandy, 90 percent of the claims have been paid.

Currently, insurers have paid $6.1 billion in claims, including $2.9 billion for flood damage, according to the DOBI data. The next highest total is residential claims, which currently total more than $1.4 billion in New Jersey.

While coastal communities suffered the most significant damage during Sandy, the area with the largest losses includes densely populated areas along the Hackensack River and Meadowlands. In all, six areas had more than $100 million in losses. In addition to the area listed above, Toms River, Newark South Station, Point Pleasant, Long Beach, and Newark's Ironbound district each suffered more than $100 million in losses due to the storm.


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