The City of Zachary joined the Capital Region Area Floodplain Task-Force (CRAFT), a multi-jurisdictional program for Public Information in an effort to lower our Class Rating.
The National Flood Insurance Program's (NFIP) Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements. Currently, the City of Zachary has a rating of 7 and receives a 15% discount on flood insurance premium rates. A Class 7 rating means that over 500 policyholders in the City of Zachary benefit from a reduction in annual flood insurance premiums.
Under the CRS, there is an incentive for communities to do more than just regulate the construction of new buildings to national minimum standards. Communities earn credit by engaging in 19 activities organized under four categories: Public Information, Mapping and Regulations, Flood Damage Reduction, and Flood Preparedness. CRS class designation is determined by how many credits a community earns through these activities.
Flood insurance premiums are adjusted to reflect community activities that reduce flood damage to existing buildings, manage development in areas not mapped by the NFIP, protect new buildings beyond the minimum NFIP protection level, help insurance agents obtain flood data, and help people get flood insurance.
For CRS participating communities, flood insurance premium rates are discounted in increments of 5%; i.e., a Class 1 community would receive a 45% premium discount while a Class 9 community would receive a 5%. The CRS classes for local communities are based on 18 creditable activities, organized under four categories: (i) Public Information, (ii) Mapping and Regulations, (iii) Flood Damage Reduction, and (iv) Flood Preparedness.
Nationwide there are 1296 communities receiving flood insurance premium discounts based on their implementation of local mitigation, outreach, and educational activities that go well beyond minimum NFIP requirements. While premium discounts are one of the benefits of participation in CRS, it is more important that these communities are carrying out activities that save lives and reduce property damage. These 1296 communities represent a significant portion of the Nation's flood risk as evidenced by the fact that over 66% of the NFIP's policy base is located in these communities.
Flood Awareness Facts are mailed out bi-annually to citizens living within the City of Zachary to lower costs associated with flood insurance rates, as well as inform property owners of potential flood hazards in our area. The mailing includes flood safety awareness, flood insurance requirement information, property protection measures and other useful information. According to Hugh Engels, City of Zachary Certified Floodplain Manager, this public awareness campaign will result in our community receiving a discount on their flood insurance. These discounts will automatically show up on your insurance bill as a (CRS) discount.