It's not the City of Hoboken that requires flood insurance, it's the lenders who underwrite in the building that require it. It's also nothing new. The Sky Club was built on what used to be a body of water-I think it was a swamp-so it's always been in a flood zone and always required to have flood insurance. But you don't have to buy it yourself. The condo association buys it with the money you pay in HOA fees.

I am considering buying a place in The Sky Club in Hoboken, however I heard that Hoboken is requiring all condos within a flood zone to buy flood insurance. The apartment is on the 7th floor, yet I still heard that flood insurance can be pricey now.

Can anyone speak about it? Or even some insight into The Sky Club building.