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Senator Pushes For Flood Policy Relief After Hurricane Sandy

Flood insurance premiums in the wake of Hurricane Sandy are slated to become astronomically high, said Sen. Robert Menendez, who is pressing for an alternative bill to freeze federal flood insurance premium increases for two years.

Menendez was joined by local homeowners and the founder of Save Our Communities 2013, as well as Brick Mayor John Ducey, who each explained their fears of how flood insurance would make living even a mile from a waterfront unaffordable after Federal Emergency Management Agency flood maps put much of the Jersey Shore in flood zones.

The U.S. Senator came to Brick Thursday to push for an alternative to current events, as homeowners receive new flood insurance rates that, homeowners said, are increasing by several thousand dollars a year.

His bill, Homeowner’s Flood Insurance Affordability Act, also calls for FEMA to base its flood maps on scientific and engineering studies complete two years from now, instead of creating maps without the benefit of the two-years’ study.

“This is backwards,” Menendez said. Ensuring accurate Flood Insurance Rate Maps is critically important because they determine premium costs, added the senator, pointing to now scaled-back maps that once had even larger portions of towns such as Brick in so-called V zones.

As part of his push to show the impact of the post-Sandy flood insurance costs, two local homeowners shared their stories. One, Peg Molloy of Point Pleasant Borough, said her home faced zero damage from the storm, being 1.5 miles from the coastline. 

“But FEMA recommends I have to raise my home to 8 feet, and that could cost $80,000-$100,000,” Molloy said. “I live in a modest ranch.”

Molloy said her flood insurance premium is now quoted at $10,000-$14,000 annually.

The expense of both eclipses the value of the home itself, Molloy said, and has her family asking what to do next.

Mayor Ducey started the press conference warning that radically increased flood insurance premiums could create whole neighborhoods of homeowners leaving their home due to unaffordable insurance.

“Homes that have been in families for generations; families that have contributed to the community of Brick for generations,” Ducey said.

Mae Kellaher, a longtime resident of the Shore Acres section of Brick, has no mortgage on the family home she’s had for 40 years. Last year’s flood insurance was about $800. The newest rates for the senior’s home are more than $10,000.

"I love my house," she said. "I was flooded by Sandy, and now my premiums are going to go extraordinarily high…"If it goes up by thousands, there's no possible way I can afford it. I'm quite elderly. I don't know what to do. I have no recourse."

“These are people who played by the rules, who saved for a home, bought flood insurance, have contributed to their communities,” Menendez said. “These are not millionaires, but the middle-class who are most affected, and find themselves suddenly having to not only rebuild after Sandy but now priced out of their homes by flood insurance premiums.”

Menendez’ bill is a response to Biggert-Waters’ bill and its attempt to sustain the National Flood Insurance Program. Menendez says NFIP would sustain itself better with a spread of the risk, instead of focusing the flood risk on a smaller scope of the most heavily impacted residents.

“As those ratepayers drop out of the program as it becomes more and more unaffordable, the base of the NFIP shrinks and the burden of risk falls to fewer and fewer,” said the senator. “It’s not sustainable…the risk must be spread out and the maps must be based on the best information.”

At the press conference, Menendez summarized his opponents’ view of the Homeowner’s Flood Insurance Affordability Act as delaying the inevitable, that rates will eventually catch up to the actual risk of living in a flood zone, and that the NFIP will run out of money subsidizing flood risk premiums.

Menendez said the bill is less an attempt to subsidize “millionaires” who live on the waterfront but the middle-class are now in danger of being forced out of their homes from higher premiums. He said the problem is not uniquely Hurricane Sandy, as a flood insurance premium is also going to impact a homeowner near a river or lake in South Dakota, he said.

He said the bill would address primary homeowners, not those who have a secondary home and are facing flood insurance premium increases, nor does it grant relief to properties with a history of repeated flood damage.

His bill has 28 co-sponsors in the Senate, including eight Republicans. Menendez said his hope is that the bill will be before the full Senate before the end of the month.

WMS826 January 06, 2014 at 07:31 AM
Drive around the entire area. The shore is rebuilding, tearing down old crappy homes and revitalizing. Tell this guy to back up north where his liberal policy's have already failed and screwed things up. This is the same guy who refused to speak english to news reporters when he was accused if sexual misconduct in the Dominican Republic. He would only address Spanish news media in Spanish.
Chief Wahoo January 06, 2014 at 08:15 AM
1. Why wouldn't 2nd homes not be included ???......Not Comrade Robertos base. 2. How did Comrade Roberto vote for Biggert Waters ?? FOR IT 3. What is Comrade Robertos game plan ??......Kick the can as as far out as possible. Not really helping anyone except Hillary.....
YouSuck January 06, 2014 at 08:26 AM
I remember the hoopla surrounding disgraced Senator Bob Torricelli swearing in disgraced Mayor Joe Scarpelli. The local dems were all euphoric with the party dominance of the day. That worked out well for all involved. Toricelli and Scarpelli are long gone but at least Scarpellis old law firm is back running the town again. Happy Days are here again.
Lehigh January 06, 2014 at 08:49 AM
This is the guy who voted to let all the flood insurance premiums increase, and then complained like he wasn't responsible. What a two faced jerk.
Squandered Youth January 06, 2014 at 09:49 AM
The Senator misspeaks (or is misquoted) on one important aspect of the bill he has sponsored. It ends SUBSIDIES for second homes, but preserves GRANDFATHERING for all properties except those suffering substantial or repetitive damage. given that most of the extreme premium increases are not caused by loss of subsidies but application of new maps caused by loss of grandfathering to people already paying actuarial rates, and most of the opposition to fixing B-W stems from a knee-jerk opposition to subsidies, it would be good if politicians - and the papers who report on them - would actually read the statute being discussed and get this issue right.
SAVEOURCOMMUNITY January 06, 2014 at 09:53 AM
Chief & Lehigh (Lehiigh same as Chief's #2.).. 1. tried & was told have a chance with primary owners but no chance if secondary homeowners included... 2. see below...3. He has 28 co-sponsors eight of which are republicans. Vote expected in Senate in 1 to 2 weeks. Greater problem in the House of Reps where tea party has greater influence including a NJ congressman who has yet to co-sponsor. Reader Digest version answer to "2." above: Here is my understanding of what went on. The NFIP was actually about to expire in 2012. The tea party and others where ok with that. Realtors with sales pending could not close on transactions. a.k.a. all hell was breaking loose without joe public, including myself and I assume everyone else on this thread and almost the entire country did not know what was going on. The Biggert Waters Act of 2012 was put together and even lobbied for by the National Realtor Association as the choice was BW-2012 or no insurance. National Realtors Association and 200+ national organizations are now supporting the Menendez amendments. Yes, caught between "a rock & a hard place" Menendez did get in the requirement of an affordability study which did not happen. Hope this readers is helpful..sincerely, and I mean it, fan of the Chief Wahoo..Ron
WMS826 January 06, 2014 at 10:02 AM
Tear down as much as we can to increase our property values, attract better people living here and better our schools ratings. Then we all win when we sell our homes for a good profit.
Chief Wahoo January 06, 2014 at 10:20 AM
A Home is to live in. Grow up in. Shelter in. Be secure in. Have memories in. IT SHOULD NOT BE TO BE PROFIT FROM. House rich and cash poor , is not good for anyone , except the public takers and the banksters. I rather my house be worth $1 than $1million. Than I wouldn't be able to be taxed out of it or traded as a piece of paper.
YouSuck January 06, 2014 at 10:36 AM
3 little pigs built houses. 1 with sticks, 1 with straw and 1 with bricks. Guess which 2 of the houses got knocked down and the inhabitants eaten? 3 little Bricktuckians built houses. 1 on the waterfront, 1 in a flood zone and 1 on a hill away from the water, high and dry. Guess which 2 of the homeowners bragged about how great their houses were and how much they were increasing in value until they were hit by the flood and couldn't afford to live in them anymore and the inhabitants got eaten.
BigBalls Johnson January 06, 2014 at 12:50 PM
It's simple. There are 3 problems here in Brick; 1) Liberals 2) Euphoric fedora wearing atheist neckbeard betas 3) Camden is close by 4) Liberals 5) We're somewhat near Philadelphia so we get our hopes up Please correct me if you think I am wrong my fellow brickians
WMS826 January 06, 2014 at 05:23 PM
Chief wahoo...once again you show your lack of thinking, lack of any money, and complete removal from main stream society. You must be so broke that you continue to rail against public takers, why are you so jealous. Our homes are our biggest investments and biggest assets we may leave behind to our children when we pass to help them out a bit in life. I too hope your home is only worth a dollar.
oldkodger January 06, 2014 at 05:31 PM
I want to comment but all I can say is liberals are all idiots
Lehigh January 06, 2014 at 05:38 PM
It would be nice if one of these jerks in the state assembly or the Congress read the bills once in a while and understood them!! They are always messing up because of the law of unintended consequences. You would think they would learn that when they pass a convoluted large piece of legislation that they don't know what all the implications will be. Need i say Floodacare. All these guys need to be changed out next election. Still waiting to see how Ducey does.
WMS826 January 07, 2014 at 09:01 AM
All the money was stolen and squandered...get it yet. And yes, liberals are idiots, mostly poor destitute lazy idiots looking for a handout and a reason to bring the rest of the country down with them.
BigBalls Johnson January 15, 2014 at 10:32 AM
WELL WMS826 I'm so "jealous" because I tripped down a flight of stairs and was recently deemed a paraplegic, so now medicare taxes are on the rise cause you LIBERALS want everyone to pay absurd amounts of money everyday to fund my neck brace/neck beard warmer

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