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N.J. couple hit with $33K flood insurance bill after Sandy gets reprieve

assetContentUNION 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… Read the rest of this entry »
Posted: January 16th, 2015 | Author: | Filed under: Bob Menendez, FEMA, Flood Maps, Flooding, Hurricane Sandy, Monmouth County, National Flood Insurance Plan, Superstorm Sandy | Tags: , , , , , , , , , , | Comments Off on N.J. couple hit with $33K flood insurance bill after Sandy gets reprieve