Long Beach Island Flood Insurance LBI Flood Insurance Costs LBI NJ Real Estate

Dated: 05/27/2017

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Long Beach Island Flood Insurance | LBI Flood Insurance Costs | LBI NJ Real Estate

Flood insurance rates are based on the property‚Äôs elevation above Base Flood Elevation or BFE. Generally speaking, the higher a property is above BFE, the lower the rate will be (up to 3 feet above BFE). On the other side of the coin, the lower below base flood elevation, the higher the flood insurance cost will be. Special conditions will apply when rating flood insurance costs on Long Beach Island such as: 

  • Does the property have a basement (and believe it or not there are homes on LBI that have basements)

  • The number of flood vents in the foundation

  • If the crawlspace below the grade of the property

  • The flood zone in which the property is located.

Remember: The actual costs of flood insurance are nearly impossible to estimate exactly in the absence of a flood elevation certificate. This document, which can be obtained from a survey company, tells not only the ground elevation, but also any special conditions that will impact the flood premium on LBI. 

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