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Posted on: October 24, 2019

Flood insurance rates likely to drop for many properties

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City receives improved classification from FEMA

The City of St. Augustine was recently notified that properties in the city may qualify for a 25% reduction in the premium cost of flood insurance as a result of its floodplain management activities.

The notice came from the Federal Emergency Management Administration (FEMA) which explained that the city's Community Rating System (CRS) was increased from a Class 7 rating to a Class 5 rating which reduces flood insurance premiums. The rating is good for a three-year period.

"I commend you on your community actions and your determination to lead your community to be more disaster resistant," wrote William H. Lesser, CRS Coordinator, Federal Insurance and Mitigation Administration in his letter to St. Augustine City Manager John Regan. "This commitment enhances public safety, property protection, and protects the natural functions of floodplains, and reduces flood insurance premiums."

The letter specified 15 activities carried out by the city that contributed to the change in classification including several public information outreach initiatives, higher regulatory standards in building codes, drainage delivery systems, and flood warning and response programs.

"A lot of staff people played a role in this achievement, but I especially want to recognize Richard Schauland, the city's Building Official, who serves as the city's CRS Coordinator," said City Manager John Regan. "His extensive knowledge of local and state building codes and close attention to FEMA's community rating system benefits our community in many ways. This insurance rate adjustment is one very real and tangible benefit for property owners in the city."

For more information on how this new rating will affect specific insurance premiums, property owners should check with their carrier or agent.

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