What is flood zone AE in NJ?

A Special Hazard Flood Area, also called an AE flood zone, has a 1% chance or greater of flooding each year. These areas are also sometimes referred to as 100-year floodplains.

Why is New Jersey prone to flooding?

In New Jersey, sea level has risen even faster – about 1.4 feet over that same period. This is primarily because the land here is sinking, due to both natural forces – the land was pushed up by a giant ice sheet 20,000 years ago and is now relaxing downward – and to groundwater pumping.

Is AE flood zone bad?

AE flood zones are areas that present a 1% annual chance of flooding and a 26% chance over the life of a 30-year mortgage, according to FEMA. Since these areas are prone to flooding, homeowners with mortgages from federally regulated lenders are required to purchase flood insurance through the NFIP.

Can New Jersey get flooded?

It is no secret that when it comes to flooding, New Jersey has a serious problem, arguably the worst in the nation. Not only are air and water surface temperatures increasing, the ocean rising and extreme weather events becoming dramatically more frequent and severe, but New Jersey’s land mass is also sinking.

What flood zones require flood insurance?

For general purposes, there are currently three flood zones: X, AE, and VE. An “X” zone is considered non-hazardous and lenders do not typically require flood insurance in these areas. “AE” zones are considered moderately hazardous, and lenders will typically require that flood insurance be obtained in these zones.

What is considered a flood zone?

First, you’ll need to understand what is considered a flood zone. According to the Federal Emergency Management Agency (FEMA), a floodplain is any area that is next to a body of water. FEMA doesn’t define how far away or near a home needs to be to a body of water to be considered a flood zone property.

Is my property in a flood zone?

Head to FEMA’s website and enter the property address. It will tell you if the property is in a flood zone. Use tax records – If your real estate agent or appraiser has access to the property’s tax records, it will show if it’s in a flood zone

Is my home in a flood zone?

YES… all homes are in a flood zone. You may find this confusing if someone has told you that your home is not in a flood zone, or your lender does not require you to carry flood insurance. In reality, it may just be that your home is in a flood zone that is considered non-hazardous.