In New Jersey, there are 229,179 active flood insurance policies, and those policies cover $61 billion worth of property, according to records kept by the Federal Emergency Management Administration’s national flood insurance program.
In Long Beach Township, a barrier beach community that is particularly vulnerable to hurricanes and nor’easters, there were 7,299 active flood insurance policies as of June 30, providing more than $2 billion in coverage.
Sea Bright in Monmouth County, which is also often hit hard by flooding, has 1,174 active policies, covering $216 million in property coverage.
Homes and businesses with mortgages from federally regulated or insured lenders in high-risk flood areas are required to have flood insurance, according to the National Flood Insurance Program website.
Homes and businesses in areas of moderate- to low-flood risk are not required to have flood insurance, but property owners can still buy it.