UNION BEACH — Nine months ago Richard Drake opened a letter notifying him of a 55-fold increase in his flood insurance premium even though he and his wife, Sandra, raised their Union Beach home three feet above federal requirements. Since then, Drake feared the $33,000-a-year bill would force his family to walk away from the home…
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Posted: January 16th, 2015 | Author: admin | Filed under: Bob Menendez, FEMA, Flood Maps, Flooding, Hurricane Sandy, Monmouth County, National Flood Insurance Plan, Superstorm Sandy | Tags: FEMA, Flood Insurance, Hurricane Sandy, Monmouth County, National Flood Insurance Plan, Richard and Sandra Drake, Richard Drake, Sandra Drake, Sen Bob Menendez, Superstorm Sandy, Union Beach | Comments Off on N.J. couple hit with $33K flood insurance bill after Sandy gets reprieve