Effective October 1, Greenville residents will enjoy a 25 percent reduction in flood insurance premiums due to improved floodplain management by the City’s Engineering Department, which led to an upgraded rating in the Community Rating System (CRS) to Class 5.
Community Rating System Success: Reduced Flood Insurance Premiums in Greenville Thanks to Effective Floodplain Management
According to WNCT’s published article, Greenville residents will soon enjoy reduced flood insurance premiums, thanks to the City’s successful floodplain management efforts led by its Engineering Department. Starting October 1, an improved Community Rating System (CRS) rating, moving from Class 7 to Class 5, will bring a significant 25-percent reduction in flood insurance premiums.
This achievement reflects the city’s commitment to proactive flood mitigation and disaster resistance, recognized by the Community Rating System. The city’s accomplishments include a Repetitive Loss Area Analysis, public information programs, drainage system maintenance, map information services, and public outreach.
Community Rating System Recognition: City’s Enhanced Rating Drives Substantial Premium Savings
In an article pubslished by WCTI, Greenville’s Community rating system improvement, from Class 7 to Class 5, is set to benefit residents with a 25 percent reduction in flood insurance premiums for policies issued or renewed on or after October 1, 2023.
This transition signifies the tangible results of the city’s flood mitigation efforts, aimed at safeguarding lives and property from flood damage. Community Rating System Coordinator William Lesser commended the city’s commitment to disaster resistance, recognizing the substantial impact of its flood mitigation activities.
Community Rating System Coordinator stated that the reduction in costs directly reflects the concrete outcomes of the community’s flood mitigation efforts, aimed at safeguarding lives and minimizing property damage. Moreover, Representatives from the North Carolina Department of Public Safety Emergency Management Division will acknowledge these achievements during the Greenville City Council meeting on Monday, September 11, at 6 p.m.