1/25/2013

New Jersey has adopted flood maps that the Federal Emergency Management Agency issued in late 2012. The new maps will require homeowners in flood-prone areas to pay flood insurance premiums as high as $31,000 per year if they don't elevate their homes. "If you choose not to [raise your home], you'll have substantially higher flood insurance costs, which could be ... seven or eight times what you pay now," Gov. Chris Christie said.

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