Homes that used to be in a less-dangerous zone and are now in the velocity zone considered susceptible to the force of pounding waves could have to pay $31,000 annually in flood insurance costs, the governor said.
But if those same homeowners rebuilt to the higher recommended elevations, their insurance premiums would be about $7,000, and if they chose to go 2 feet higher than the new standard, which varies by location, they would pay about $3,500 a year, Christie said.
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Wayne Parry can be reached at http://twitter.com/WayneParryAC
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