Nathan Colmer | The Van Dyk Group
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Find information about LBI NJ flood insurance terms, Hurricane Sandy and Long Beach Island New Jersey real estate. Understanding flood insurance terms is important when looking at flood insurance rates or when buying or selling a home in the LBI NJ real estate market.
FEMA has released a helpful address look up too. This will tell you your planned BFE and the flood zone in which your home is located.
There are a few key terms that are essential to Understanding Flood Insurance on Long Beach Island, New Jersey.
Base Flood Elevation: Also known as BFE, refers to the elevation above sea level a property is recommended to be built to. The BFE is obtained by combining the natural ground elevation with the foundation’s structure.
Flood Insurance Rate Map: Also known as a FIRM map, these maps are produced and distributed by FEMA. The maps show the BFE of a certain area like Long Beach Island, the flood zone, and risk premium zones.
Pre Firm: This term relates to homes built before the first FIRM date (December 31, 1974). Most of the Cape Cod style homes on Long Beach Island are considered to be Pre-FIRM construction, unless they have been substantially improved.
Post Firm: This term relates to homes built after December 31, 1974, and were built to the standards of flood elevation at that time. Post-FIRM homes on Long Beach Island are generally raised on pilings.
Elevation Certificate: An elevation certificate is a legal document drafted by an engineer that gives the height of important areas of a particular property. Included are the elevation of the 1st floor, the ground height and the level of mechanicals.