COLUMN: Be aware of changes to the flood insurance program
Changes to the Community Assessment System of the National Flood Insurance Program are starting to be reflected in flood insurance rates.
The guidance document for the community assessment system created by
The coordinator’s manual sets out the credits and credit criteria for community activities and programs that go beyond the minimum requirements for participation in
If you go through the first few pages, you see that there isn’t much that the average person can do to lower the rating.
The NFIP not only increases the rates for individual policies, it also makes it more difficult for communities to obtain discounts on these policies for their residents.
A homeowner’s personal insurance agent may be able to provide details to an individual homeowner in order to improve their own situation.
The website https://www.fema.gov/flood-insurance/risk-rating, contains a lot of information to help you understand the changes.
that of the city
The result of this review was that we were able to upgrade to a grade 5 rating, which gave us a 25% discount.
Since then, the NFIP has rewritten the CRS manual by removing some activities or reducing points on others. For example, the CRS points for making certain information available on the Internet have been reduced or eliminated as the use of the Internet is no longer considered an additional activity since it is now the basis of most communications.
The City of Punta Gorda has achieved a Class 5 rating. Our success in Class 5 and our ability to maintain it positively reflects the accomplishments of all of the city’s divisions that contribute to this rating as well as our coordination and documentation of. these efforts.
The city will continue to work with our CRS specialist to take every possible opportunity to improve our rating.
I encourage residents to consult the links provided to fully understand the changes implemented.
Readers can contact City Manager