FIRM MAPS ON LONG BEACH ISLAND NJ
Learn about firm maps, flood insurance, Long Beach Island New Jersey and LBI real estate. FIRM maps are designed to show the level of risk associated with a specific property. This will help determine the flood rate and the risk level associated with a specific property on Long Beach Island.
FIRM MAPS AND FLOOD INSURANCE RATES ON LONG BEACH ISLAND
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 an annual increase in flood insurance based on the risk associated with the property until the new rate is met.
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