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What’s going on and how does it affect your real estate business?
New Flooding Disclosure
Starting March 20, 2024, in all New Jersey real estate transactions, it will be required to fully disclose a property’s flood history and its exposure to potential future natural risk. This comes as a result of new legislation Governor Murphy signed back in June 2023.
Insurance Rate Increases
In 2023, we saw carriers apply for record-breaking rates increases, exceeding 64%. One month into 2024, requests for increases already begun. But, why?
According to the National Centers for
Environmental Information, there were 28 weather and climate disasters in 2023, totally around$9.2 billion in flooding damage alone.
Monmouth County, New Jersey
Joseph J. Asterita, Esq.
Asterita & Associates, LLC – Attorneys At Law
Joseph Asterita has a Bachelor of Arts degree in International Affairs where he was active in Pi Kappa Alpha Fraternity and graduated in 1996. In 1999, Joe graduated from Brooklyn Law School where he was active in the Italian American Law Student Association.
Joe runs a full-service law firm with office locations in NY & NJ focusing on: Real Estate; Wills, Trusts & Estates; Business Law; Mortgage Loan Closings & Family Law matters.
Joseph is licensed to practice law in the state courts of New York and New Jersey, as well as in the United States Federal District Courts for the Southern and Eastern Districts of New York and the District of New Jersey.
Aaron Levine, CIC
LG Insurance Group Founder & CEO
Aaron Levine has a Bachelor of Science degree in Marketing Management from Syracuse University where he also was active in the Sigma Alpha Epsilon Fraternity and graduated in 2002. In 2008, Aaron graduated from Monmouth University with a Masters in Business Administration.
Aaron founded LG Insurance, a boutique independent agency dedicated to providing top notch customer service, building long-lasting relationships with clients and partners, and being a trusted resource to the community. We understand that insurance needs are unique from client to client which is why our team of experienced agents works diligently in order to meet all the coverage needs whether it is for one’s home or business.
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