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The original item was published from 10/5/2020 4:38:06 PM to 10/20/2020 12:00:04 AM.

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Town of Palm Beach News Release

Posted on: October 5, 2020

[ARCHIVED] Floodplain Management Activities Implemented by the Town Qualify Property Owners for Discount

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The Town of Palm Beach, Florida earlier this year participated in the National Flood Insurance Program (NFIP) Community Rating System (CRS) 5-Year Cycle Verification.  This is an audit of the Town operations in administering and enforcing the NFIP and local, State and Federal requirements for flood prevention, new construction and public outreach on flood-related matters. The Department of Homeland Security, Federal Emergency Management Agency (FEMA) has determined, based upon the findings of the 5-Year Cycle Verification, that the Town of Palm Beach will INCREASE to a Class 6 in the NFIP CRS program. The verified floodplain management activities implemented by the Town qualify property owners for a 20% discount on flood insurance premiums for NFIP policies issued or renewed in Special Flood Hazard Areas, beginning October 1, 2020.  This savings is a tangible result of the flood mitigation activities that the Town implements to protect lives and reduce property damage.  Standard rated flood insurance policies in other flood zones (lower risk areas) will begin receiving an automatic CRS discount of 10%. The Town is determined to work towards making the community more disaster resistant.  This on-going commitment to flood prevention enhances public safety, property protection, protects the natural functions of floodplains, and reduces flood insurance premiums.

A copy of the FEMA announcement letter of Class Increase to 6 and CRS Verification Report can be viewed via this link:

https://crsresources.org/files/other/nGyRmcc3c4VfqQS/flpalmbeach120220femanotification_i9QTGk5ZMubsN.pdf

For more information, please contact Wayne Bergman, Director of Planning, Zoning & Building, at wbergman@townofpalmbeach.com.

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