Flood Insurance Rate Increases On LBI

Dated: 09/16/2013

Views: 3362

Understanding Flood Insurance Rate Increases on Long Beach Island and the LBI Real Estate Market


Understanding Flood Insurance in the LBI Real Estate Market on Long Beach Island NJ

Flood insurance is a federal program and therefore has to adhere to federal guidelines when seeking to increase flood insurance rates. Flood insurance rates will be increasing, however these increases were actually approved in September BEFORE Hurricane Sandy had even formed in the Atlantic. These approved changes call for a 25% increase in flood insurance based on the actual elevation of your property. The LBI real estate market and the Average Flood Insurance Increase on Long Beach Island NJ will be determined by several factors including:
  • Ground elevation
  • House elevation
  • Number of flood vents
It is undoubted that flood insurance rate increases on LBI will have an impact on the LBI real estate market which is why it is so important to understand the ins and outs of the national flood insurance program. Most will be surprised to learn that the flood insurance market on Long Beach Island will be very manageable. To learn more about flood insurance rate increases on LBI please visit the following link:
http://www.buylbi.com/lbirealestate/average-flood-insurance-increase-on-long-beach-island-nj/

Latest Blog Posts

How To Go From Renter To Owner On Long Beach Island

 How to go from renter to owner on Long Beach Island?Located on the North End in Harvey Cedars, this three - bedroom, two bath duplex shares ownership with other members of a homeowner

Read More

LBI Tennis Kids And Adults

Sign up now for summer fun for yourself or children of all ages!Contact me for more information or call the LBI Foundation directly.They have so many wonderful programs and events throughout

Read More

Blessings Of The Fleet

Come join us and lend your blessings to all those out on the water!June 17 at 5:30 at Viking Village#watersafety #lbifishing #vikingvillage

Read More

Waterfront Living

waterfront living comes in all shapes and sizes. Contact me to help you find your spot on

Read More