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Thursday, June 20, 2013

Talk Of The Town ? From Page 16 premiums annually for those who have their primary residence in Cape May if they sell their home, if their flood insurance lapses and they buy a new policy or if their property become substantially damaged by a storm, she said. The annual 20 percent increases will continue until the flood insurance rate reflects the actuary rates, what flood insurance should actually cost if it was not subsidized, said Davis. Owners of vacation homes or commercial properties will begin to see an increase in their premiums at renewal time as of October 2013. The increase will be 25 percent annually until it reaches the actuarial rates. Homes with flood insurance based on an elevation certificate will not see an increase in their premiums, said Davis. The flood insurance changes only apply to those

living in A- and Z- zones. If you live in a B-or X-zone, you will not experience the rate increases. Let’s imagine you currently live in a home in an area with a base flood elevation of 10 feet and your house sits at eight feet. There’s no requirement to elevate your house unless it is substantially damaged, said Davis. The bad news such a situation will affect your insurance premiums. Flood insurance policies will treat historical structures the same as other homes if they fall short of base flood elevation meaning higher premiums. Owners of historical homes are not required to raise the elevation of their homes, said Davis. FEMA will assist a homeowner in keeping their historic status if they decide to raise the elevation of their old home. Funding may be available from the Hazard Mitigation Program. After maps are issued for Cape May County next month,


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homeowners can call the New Jersey Flood Insurance Helpline: 877-287-9804 for sample rates.

The Perfect Stage

PERHAPS the greatest summer sin a kid can commit is to waste away the next three months on video games or trips to the nearest mall. Enter Cape May Stage’s Discovery Theatre Camps, which don’t just fill a little bit of the void left by another school year ended but, in doing so,

empower kids in more ways than one. “Kids have stories that are important, and not necessarily heard by their peers or adults,” says Camp Director Beth Ryan Troxell. “Getting up on stage provides an opportunity for them to be heard. They learn that they can belong and be someone, not necessarily actors, but people who can invent or reinvent themselves. That’s very powerful.”

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