All of Ocean City, New Jersey is within a flood plain, therefore everywhere on the island will flood at some point. The City is continually working to improve flood protection on the island. These efforts cannot completely eliminate the chance of flooding but will reduce the frequency and the severity when it does occur.
All home and business owners who have a mortgage are required to carry flood insurance. Homeowners Insurance Policies do not cover loss due to flooding. Ocean City participates in the Nation Flood Insurance Program (NFIP), and is a Community Rating System (CRS) rated community. As of May 1, 2020, our CRS rating will be (Class 4) and all residents get a 30% discount on flood insurance. The city has 16,729 policies in force, with a combined collection of $10,973,710 a year in total premiums. Ocean City saves homeowners in excess of $3,292,113 on collected annual premiums by our participation in the CRS program.
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