Flood Insurance at Shore Post Sandy

[Rich Zellmer]

I am now looking at shore houses.  ie point pleasant or LBI.  Anyone have any feedback on what happened to rates down there and what to worry about.

I own some rentals in Hoboken and we have flood insurance. I saw my rates go from 2K to 3K on two my houses but I heard a lot more concern about way worse rate hikes from folks down the shore.  

Most of the houses I am looking at are in AE zones just like my Hoboken houses but I have heard stories of much more expensive rates at the shore so I assume not all houses in same zone have same price? I know they are doing a lot of re-mapping at the shore as well.

Any guidance of what to look out for are far as future rate changes on the horizon?