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Mitigation Best Practice - Higher Standards Mean Lower Flood Insurance Rates for Myrtle Beach Property Owners

Cover photo for the document: Mitigation Best Practice - Higher Standards Mean Lower Flood Insurance Rates for Myrtle Beach Property Owners

This story is about boardwalk merchants and other property owners in this southern coastal community, and how they understand that an oceanfront lifestyle has its risks. To manage those risks, the city of Myrtle Beach joined the National Flood Insurance Program (NFIP) in 1971, agreeing to adopt and enforce a flood damage prevention ordinance designed to protect property that is at high risk for flooding. In exchange, residents are allowed to purchase federally-backed flood insurance.