A federal initiative that provides incentives for communities to go beyond the minimum floodplain management requirements by developing extra flood protection measures. Policyholders within these communities receive a percentage discount off of their annual premiums.
A program developed by Mitigation Division to provide incentives for those communities in the Regular Program that have gone beyond the minimum floodplain management requirements to develop extra measures to provide protection from flooding.
A program created by FEMA to provide new incentive for activities that reduce flood losses and support the sale of flood insurance. Any community participating in the NFIP may apply for CRS classification by demonstrating that it is implementing floodplain management and public information activities that exceed the minimum requirements of the NFIP. Once qualified, the community benefits by obtaining flood insurance premium rate credits for its residents. The credits vary by the level of activities undertaken by the community.
A program administered by the Federal Emergency Management Agency (FEMA) that recognizes and rewards communities working to reduce flood damages through a variety of approved floodplain management and flood awareness activities. Through the program, a community can reduce the flood insurance premiums that floodprone property owners pay.
this is a rating plan that recognizes a community's voluntary efforts to manage their exposure to being flooded. Communities that are active with Mapping and Regulations, Flood Damage Reduction, Flood Preparedness or Public Awareness etc., "receive” reductions in their flood insurance premiums. The CRS uses discounts that run in five percent increments, from five percent to 45 percent. Similar to a fire protection class plan, CRS class ratings range from Ten to One (all communities start out as a "Ten") and the higher a community's flood protection activity, the lower its Class rating.
An NFIP program that provides incentives for NFIP communities to complete activities that reduce flood hazard risk. When the community completes specified activities, the insurance premiums of policyholders in these communities are reduced.
