Saturday, December 23, 2023

LBI Condo Insurance Rates Rising

 

LBI Condo Insurance Rates Rising







Long Beach Island Real Estate Condos

Prospective buyers should have a firm grasp of ownership costs when buying a property in the LBI NJ real estate market. Since Hurricane Sandy at the end of 2012, flood insurance and homeowners insurance rates have been of particular concern. While many homes on LBI are relatively inexpensive to insure, some condo complexes have recently seen higher insurance rates. Buyers in the LBI real estate market need to be aware of this trend and make sure that adequate and affordable insurance is in place before entering into a home sales transaction.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.comClick here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

LBI Real Estate Encroachment

LBI Bay Beaches

Three Reasons Why The LBI Real Estate Market Will Not Slowdown


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