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Click ‘Get Form’ to open the Blue Acres Acquisition Application in the editor.
Begin by filling out the 'Owner Information' section. Enter your full name, daytime telephone number, and if applicable, co-owner details.
In the 'Property Information' section, provide municipality and county details. Fill in your property’s block and lot numbers as well as assessed value from your tax bill.
Indicate whether the property has been farmland assessed and provide annual property taxes. If more space is needed, utilize the back of the application.
Complete additional fields regarding structures on the property, current usage, and any commercial activities that have taken place.
Fill out representative information if applicable, including their relationship to you and contact details.
Finally, review all sections for accuracy before signing the Owner Certification at the end of the application.

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What is the FEMA 80% rule?

What Is the FEMA 80% Rule? FEMAs 80% rule states that property owners must insure their property for at least 80% of its value, or up to the maximum building coverage limitthats $250,000 for homes and $500,000 for commercial propertywhichever is less.

How to get around the FEMA 50% rule?

Costs of alterations or improvements whose express purpose is the mitigation of future storm damage, provided the costs of such measures, plus the costs of any other improvements, do not exceed 50% of the market value of the structure over any one- year period; examples of such mitigation include the installation of

What is the Blue Acres program in New Jersey?

The Blue Acres program is a long-standing, voluntary buyout program run by the New Jersey Department of Environmental Protection (DEP). The program purchases residential properties located in areas at risk of flooding and provides assistance to help property owners relocate to safer locations.

What is the 80% rule for homeowners insurance?

The 80% rule dictates that homeowners must have replacement cost coverage worth at least 80% of their homes total replacement cost to receive full coverage from their insurance company.