Home Buying in Barnegat>Question Details

Lynda  Bager, Home Buyer in Westwood, NJ

Do the houses on the lagoon need flood insurance? Is there a flood map we can check?

Asked by Lynda Bager, Westwood, NJ Sat Nov 9, 2013

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If you finance the property, you will need flood insurance. You also will need an elevation certificate on the property so you know how high it sits.. Then, you can take that information and compare it to the ABFE maps at Fema. You put in the property address and it will give you the new ABFE level. If the house is not at or above that level, it will probably need to be elevated for you to obtain reasonable insuurance rates. Each zone requires different elevation construction.
If you are considering a purchase in any flood zone, be sure to hire an experienced, knowegable agent to help you.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Sun Nov 10, 2013
Thanks so much for the info. We rented a house on the lagoon this summer. We are considering buying a home for the future, perhaps to rent now & retire in later. I don't want to be involved in elevating a home.
Flag Mon Nov 11, 2013
http://www.region2coastal.com/sandy/table is the website to determine a property's Base Flood Elevation. If you are financing a property the lender will require flood insurance.
0 votes Thank Flag Link Sun Nov 10, 2013
Typically anything on the water requires Flood Insurance especially a home that has a mortgage or lien on it - you can go onto FEMA.org website & check out all the required info for yourself as well. There are homes that due to extreme situations: ex: Sandy damaged, funds depleted, lost job , etc, that do not have flood insurance on it - but most clients I deal with that are on the water do carry it.
Good Luck & if theres anything I can do to help do not hesitate to contact me!

Helen Cocuzza Realtor® Associate
Professional Staging - Relocation Services
Gloria Nilson & Co. Real Estate
Direct (732)232-1614
Email: hcocuzza@glorianilson.com
Website: helencocuzza.myglorianilsonagent.com
Facebook pg: https://www.facebook.com/Homesatthejerseyshore
0 votes Thank Flag Link Sat Nov 9, 2013
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