LBI Condo Insurance Rates Rising

Dated: December 23 2023

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LBI Condo Insurance Rates Rising

Long Beach Island Real Estate Condos

Prospective buyers should have a firm grasp of ownership costs when buying a property in the LBI NJ real estate market. Since Hurricane Sandy at the end of 2012, flood insurance and homeowners insurance rates have been of particular concern. While many homes on LBI are relatively inexpensive to insure, some condo complexes have recently seen higher insurance rates. Buyers in the LBI real estate market need to be aware of this trend and make sure that adequate and affordable insurance is in place before entering into a home sales transaction.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.comClick here to search all homes for sale in the Long Beach Island NJ real estate market

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Nathan Colmer

I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This has given me a deep knowledge base of the area that many others lack. My career in real estate has bee....

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