Understanding New Guidelines for Flood Insurance and Preventative Methods to Safeguard Long Beach Island
Long Beach Township 2015 Flood InformationFlood Insurance and Long Beach Island
Flood insurance is required for nearly every home on Long Beach Island with a mortgage. Long Beach Island is located in a floodplain, and is at risk for flooding in major storms. Therefore, flood insurance is designed to help protect residents investments and restore a property after a disaster. Understanding Long Beach Township 2015 flood information can help to prepare residents and better educate homeowners about flood insurance.
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Long Beach Township 2015 Flood Information
There are a few important points to mention about Long Beach Township’s flood insurance program. They are:
- Long Beach Township is located in a special flood hazard area
- Substantial improvements may require reading a home
- Maintaining the drainage system on Long Beach Island can help reduce line
Long Beach Township, Lake most of Long Beach Island, is a special flood hazard area. Essentially, this means a home has a 26% chance of experiencing flooding during the course of a 30 year mortgage. Floodplain maps of been developed for Long Beach Township by the national flood insurance program and these maps show the predicted flood elevations could be reached or exceeded during the 100 year period. Flooding is more likely to occur on the Bayside areas been on the Oceanside.
Long Beach Township’s flood regulations require that if the cost of any repair, damage, or reconstruction exceeds 50% of the replacement cost as determined by the tax assessor, the entire structure must comply with FEMA’s flood regulations. This may require elevating the home above base flood elevation so it is important to consult Long Beach Township’s construction office prior to commencing any major renovations.
Long Beach Island has a network of storm drains which are designed to allow water which accumulates on the streets during storms to pass into the bay. Maintenance of these storm drains is essential to limiting the risk of flooding on Long Beach Island. Keeping these drains free of trash and debris help to speed water off the streets and into the bay system. In fact, there is a public ordinance prohibiting disposal of trash or debris into the storm drains.
Flood Insurance and Long Beach Island
It should come as no surprise that the possibility of flooding exists on Long Beach Island. When Hurricane Sandy made landfall at the end of 2012, many homes experienced flooding for the first time in their history. Luckily, Long Beach Township is more storm ready than ever and a large beach replenishment project will help to further secure the area. Even with these proactive steps being taken, it is important for all residents and would be home buyers in the LBI real estate market to be aware of the risk and understand what steps can be taken to limit potential damage. For more information about Long Beach Township 2015 flood information, call, text or email me and I will respond right away.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.BuyLBI.com
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