Long Beach Island Real Estate And The National Flood Insurance Program

Dated: 01/10/2018

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Long Beach Island Real Estate and the National Flood Insurance Program

NFIP and Long Beach Island Real Estate

 

Long Beach Island Real Estate and Flood Insurance

The NFIP is an acronym for national flood insurance program and is an essential step when considering an investment in the Long Beach Island real estate market. This program was designed to regulate flood insurance throughout the United States. Since the program came into inception, and especially recently, it has been faced with mounting debt totaling billions of dollars owed to the United States treasury. Much of this has to do with poor planning, flood zones, and worsening storms. It is important that all buyers understand flood insurance and the NFIP program before investing in the Long Beach Island real estate market. The NFIP and Long Beach Island real estate for intimately related and can have a great impact on home prices.


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