As of October 1, 2012 The City of Frederick has been rated by FEMA as a class 7 out of 10 CRS (Community Rating System) participating community.
CONTACT: Susan Harding, Public Information Officer, 301-600-1385
FOR IMMEDIATE RELEASE: Thursday, March 14, 2013
The City of Frederick Now Part of CRS Program Flood Insurance Discounts Now Available
Frederick, MD -- As of October 1, 2012 The City of Frederick has been rated by FEMA as a class 7 out of 10 CRS (Community Rating System) participating community. Properties located in the 100-year floodplain will receive a 15% discount on their flood hazard insurance and all other properties located outside floodplain will receive a 5% discount if they carry flood hazard insurance.
The CRS is a voluntary program available to National Flood Insurance Program (NFIP) participating communities. The goals of the CRS are to reduce flood damages to insurable property, strengthen and support the insurance aspects of the NFIP, and encourage a comprehensive approach to floodplain management. The CRS has been developed to provide incentives in the form of premium discounts for communities to go beyond the minimum floodplain management requirements and develop additional measures to provide protection from flooding.
The City began the enrollment process in 2010 at which time extensive review of the City’s floodplain management and permitting divisions, policies and procedures occurred. Ultimately, MDE determined that the City has an effective floodplain management program, and is regulating development in the floodplain appropriately. A letter of good standing from FEMA was provided on June 3, 2011 for compliance with the NFIP requirements, the final rating was granted on October 1, 2012 and will remain current for 5 years.
Property owners that carry flood insurance should contact their insurance provider to make them aware that this CRS discount is now available