Flood Insurance And The LBI Real Estate Market

Dated: September 22 2019

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Flood Insurance and the LBI Real Estate Market



Long Beach Island Real Estate Market Flood Insurance

When looking to buy a home in the LBI real estate market it is important to understand how flood insurance plays a role. Just a few inches of flood water from a storm or even a high tide can cause thousands of dollars worth of damage to your home. The good news is flood insurance provides adequate protection against this unexpected cost, and for the majority of homes on Long Beach Island, is very affordable. Different types of flood insurance are available to homeowners, tenets, and the owners of condos, as well as an entire condominium complex. The cost of flood insurance will depend on the unique characteristics of a home, but generally is determined by the elevation above sea level and the compliance with current building regulations. Protecting your Long Beach Island real estate investment with flood insurance is not only recommended, but required for homeowners who carry a mortgage.

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Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

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