Millions Paid in Sandy Insurance Claims in Marlboro and Colts Neck

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, 921 claims were filed in Colts Neck, using the zip code 07722. A total of 696 have been paid for a total of $6,463,351.

There were 168 claims that were closed without payment, which could mean the claim was denied or that the claim was below the deductible. About $8,416,760 are in incurred losses are expected.

In the portion of Marlboro Township with area code 07746, a total of 1,900 claims were filed. So far, 1,430 claims have been paid for a total of $8,409,332.

A total of 361 were closed without payment. There, incurred losses are expected to be between over $8 million.

Area code 07751, which includes Morganville, saw 1,513 claims filed. Of that, 1,151 -- or $7,872,879 worth -- of claims have been paid.

Closed without payment were 307 cases. Total incurred losses are expected to exceed $25 million. Insurance losses are also expected to be over $8 million.

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.