Beach Haven West Flood Insurance

Flood insurance is determined by a few factors. The most influential of which are:

• The flood zones in which the home is located
• The elevation above sea level, also referred to as the base flood elevation
• The methods of construction, including breakaway walls, foundation systems, and the number of flood vents

The flood zones most commonly seen in Beach Haven West are the A and the V  flood zone. While most of Beach Haven West is located in the A flood zone, the homes located in the V flood zone have to contend with a more detrimental impact. Homes located in the V flood zone will typically have a higher cost of insurance and more restrictive billing guidelines.

The elevation above sea level is the most common issue homes in Beach Haven West have had to deal with. Many homes built in Beach Haven West were small Cape Cod or single level ranches homes. Typically these homes had a very low foundation or were built on a slab. Now, with the new flood guidelines in place, many of these homes find themselves below base flood elevation which will increase their cost of insurance. It is important to point out that this is not a one-size-fits-all scenario. There are many homes that will see minimal increases in flood insurance costs, depending on their specific attributes. In addition newer homes will see very low flood insurance rates as they are built to the current guidelines.

The methods of construction also play an important role in determining the cost of flood insurance in Beach Haven West. Homes that lack or do not have a sufficient number of flood events will see an increase in the cost of insurance. Luckily, this is a relatively simple and in expensive fixed to make and cost savings can be tremendous.

How To Determine Beach Haven West Flood Insurance Costs

In order to determine the cost of flood insurance in Beach Haven West, one needs an elevation certificate. An elevation certificate, which can be obtained from an engineer, is a document that outlines the specific criteria used to evaluate the risk level of a particular home. This criteria is factored into a predetermined set of rules which translates to flood insurance premium. Specifically, a flood elevation certificate will tell insurance company:

• The first for elevation
• The flood zones in which a home is located
• The lowest level of mechanicals, for example a furnace or a water heater

The methods of construction and their level of compliance to the guidelines established by the national flood insurance program

In order to obtain an elevation certificate, a homeowner, or a buyer, or any other interested parties may contact a qualified engineer who will conduct field work at the property and a assemble the elevation certificate. Once an elevation certificate has been obtained, and a reputable insurance company can give you a quote. The cost of insurance should be fairly universal, regardless of which agency you work with, as the race establishing flood insurance are set by the federal government.

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Nathan Colmer

Contact Nathan

C: 609.290.4293 | O: 609.492.1511 | E: ncolmer@vandykgroup.com