Thursday, February 14, 2013

Sandy Blow to N.J.: Costly Work or Costlier Flood Insurance Premiums

January 25, 2013Email ThisPrintNewslettersTweetArticleComments

Superstorm Sandy landed one final stunning blow to New Jersey on Thursday, Jan. 24, as the state adopted rebuilding guidelines that come with sticker shock.

They will force homeowners in flood zones to spend tens of thousands of dollars to raise their houses now or pay exorbitant premiums of up to $31,000 a year for flood insurance later.

Gov. Chris Christie said he adopted flood maps issued late last year by the Federal Emergency Management Agency as New Jersey’s standard for rebuilding from the worst storm in its history.



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