New flood maps mean residents in Hoboken will have to buy flood insurance

The FEMA flood maps released this week have impacted urban areas as well as shore communities. Many more Hoboken homeowners will be required to buy

Many more Hoboken homeowners will be required to buy into the federal flood insurance program because of the new flood maps.

Many more Hoboken homeowners will be required to buy into the federal flood insurance program because of the new flood maps. (6/19/13)

HOBOKEN - The FEMA flood maps released this week have impacted urban areas as well as shore communities.

Many more Hoboken homeowners will be required to buy into the federal flood insurance program because of the new standards.

Hoboken Mayor Dawn Zimmer says the policies will be expensive, and residents may have difficulties collecting if there is a flood.

Zimmer says the best thing her city can do is take away the high risk of flooding and the insurance premiums that come with it.

"You pay into the system, you pay year after year after year, and when it comes to flooding, you don't get anything back," Zimmer says. "And I too am in that situation."

Zimmer says she expects that around 10 percent more Hoboken residents will be included in the final flood map and will be required to buy flood insurance to obtain a mortgage.
 

More on this topic

Flood Assistance Hotline

Flood Smart

advertisement | advertise on News 12

Trending Video

VIDEO: Chopper 12 over small plane crash on 1 VIDEO: Chopper 12 over small plane crash on Bayonne street
Pilot from Long Island recovers after small plane 2 Small plane crashes on Bayonne street
Pilot from Long Island recovers after small plane 3 Pilot recovers after plane crashes onto street in Bayonne
One lane in each direction now open on 4 Portions of Bayonne Bridge's upper deck now open
Residents across New Jersey are taking advantage of 5 Residents take advantage of spring-like temps

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE