VAN DREW URGES CONGRESS TO RECONSIDER CHANGES TO FLOOD INSURANCE

According to NJ State Senator Jeff Van Drew, a bill passed by Congress last summer could severely raise flood insurance premiums for Jersey Shore residents. Van Drew sent a letter to several South Jersey Congressman, urging them to revise the Flood Insurance Act of 2012, which could cause a significant rise in premiums for homeowners. The legislation requires tougher standards for obtaining flood insurance, raises deductibles, and phases out federal subsidies.