CAN MY COMMUNITY GET CREDIT UNDER THE NFIP COMMUNITY RATING SYSTEM (CRS) FOR ADOPTING ADVISORY BASE FLOOD ELEVATIONS OR FREEBOARD?
Yes. A number of communities on the Louisiana Gulf Coast participate in the NFIP’s CRS. Policyholders in these communities receive discounts on their flood insurance premiums because their communities are implementing floodplain management programs that go beyond the minimum requirements of the NFIP. Communities could receive CRS credit for adopting and enforcing the Advisory Base Flood Elevations or for adopting and enforcing freeboard requirements. Credits for adopting the Advisory Base Flood Elevations would be in effect until a revised FIRM became effective.
Related Questions
- CAN MY COMMUNITY GET CREDIT UNDER THE NFIP COMMUNITY RATING SYSTEM (CRS) FOR ADOPTING ADVISORY BASE FLOOD ELEVATIONS OR FREEBOARD?
- ARE THERE ADDITIONAL REQUIREMENTS THAT COMMUNITIES SHOULD CONSIDER ADOPTING BESIDES THE ADVISORY BASE FLOOD ELEVATIONS?
- What is the Community Rating System (CRS) and how do I find out if I qualify for a flood insurance premium discount?
