SEATTLE, Wash. -- Pierce County property owners already enjoy reduced flood insurance premiums, and thanks to their community's participation in the National Flood Insurance Program voluntary Community Rating System (CRS), they're about to pay even less. According to FEMA Regional Director David L. de Courcy, CRS recognizes communities that implement policies to reduce flood risk and mitigate the effects of future flooding, by reducing the rates NFIP policy holders pay for flood insurance.
"The CRS rewards communities for mitigating flood risks that threaten their residents, above and beyond those minimum actions required for participation in the National Flood Insurance Program," said de Courcy. "Activity categories range from Mapping and Regulations to Flood Damage Reduction, to Flood Preparedness and Public Awareness outreach, and Pierce County has covered all the bases. Pierce County is the first county in the nation to receive a 'Class Five Rating.'"
Flood insurance premium reductions run in five percent increments, from five percent to 45 percent. Class ratings run from Ten to One, and Pierce County's Class Five rating saves unincorporated county policyholders 25 percent off the scheduled rate.