Escambia County Maintains Flood Insurance Rating

August 11, 2015

Escambia County has maintained its flood insurance rating.

Escambia County will retain its current rating as a CRS Class 6 community in the National Flood Insurance Program (NFIP) Community Rating System (CRS). The NFIP’s CRS is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements. As a result, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community actions meeting the three goals of the CRS:

  1. Reduce flood damage to insurable property;
  2. Strengthen and support the insurance aspects of the NFIP, and
  3. Encourage a comprehensive approach to floodplain management.

The floodplain management activities implemented by the county will continue to qualify flood insurance policy holders in the community for a 20 percent discount in the premium costs for NFIP policies issued or renewed in Special Flood Hazard Areas.

The announcement noted that Preferred Risk Policies are not eligible for the CRS discount. Also, standard rated flood insurance policies in certain zones are limited to a CRS discount of 10 percent. The rates for those zones already reflect significant premium reductions

The CRS rating for the community will automatically be renewed annually as long as compliance with NFIP floodplain management regulations continues.

Comments

4 Responses to “Escambia County Maintains Flood Insurance Rating”

  1. jeeperman on August 12th, 2015 8:20 am

    I am with Bob C.
    With the April 2014 flood event, I would presume the county made fixes and improvements to flood event controls.
    Or is working towards that goal.
    And perhaps in another year or two those improvements will give the county a better rating?

  2. Bob C. on August 11th, 2015 8:02 pm

    Wondering, how did the final report of the Escambia County Storm Water Assessment Team (Task force?) turn out?
    Know one of the outstanding things from their hard work was to move the Storm Water to a 100 year range.

    Bigger question is, What will Escambia County do with the recommendations from this team of experts?

    What has been done in Escambia County since April 2014 to lessen the impact of heavy rains over short periods of time?

  3. Bob C. on August 11th, 2015 7:58 pm

    @ New

    Flood Insurance is sold through many of our local companies that offer Home Owner’s Insurance.
    Homeowner Insurance does NOT cover you for flood.
    Flood Insurance is managed thru these local / national companies and the insurance is managed by FEMA.
    Just shop around for a company you feel comfortable with the Federal Government FEMA is really the one insuring you.

  4. New on August 11th, 2015 10:37 am

    I’m new to the area. Does anyone have suggestions for the best flood insurance?

Written by William Reynolds · Filed Under News