![]() ![]() Here are some safety tips to consider, if you are ever faced with flooding. Purchase flood insurance if the property is located within the SFHAs. This is important because property owners who hold a federally backed mortgage must The NFIP makes federally backed flood insurance available in communities that agree to adopt and enforce floodplain management ordinances to reduce future flood damage. The SFHAs are typically depicted in the new format Flood Insurance Rate Maps (FIRMs) as Zones A, AE, AH, AO, AR, A99, and V.ĭevelopment may take place within the SFHA, provided that development complies with local floodplain management ordinances, which must meet the minimum Federal requirement. The floodplain subject to inundation by the base flood (1% annual chance) and/or flood related erosion hazards. In 1968, Congress created the National Flood Insurance Program (NFIP) to provide affordable flood insurance to individuals who live in areas with the greatest risk of flooding called Special Flood Hazard Areas (SFHAs). National Flood Insurance Program (NFIP) Community Rating System (CRS) Letter National Flood Insurance Program (NFIP) *CRS is a voluntary program however compliance with all NFIP regulations is required to maintain eligibility for flood insurance, flood insurance discounts, FEMA public disaster assistance, and FEMA grants. The discounts represent an annual savings of more than $294,000. There is currently $1.1 billion of flood insurance coverage protecting property owners in Doral at an annual cost of $1.8 million. Standard flood policy holders outside the SFHA receive a 10% discount. ![]() Encourage a comprehensive approach to floodplain management.įor more information about the NFIP, visit CRS CLASS 6 COMMUNITYįlood insurance policy holders in the special flood hazard area (SFHA) receive a 20% discount on their policy.Strengthen and support the insurance aspects of the NFIP, and.Reduce flood damage to insurable property.Premium rates are discounted to reflect the reduced flood risk resulting from the community actions meeting the three goals of the CRS: 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. ![]()
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