An Overview of the Community Rating System CRS
- Slides: 13
An Overview of the Community Rating System (CRS) Mari Radford – FEMA Region III Tom Brett – ISO/CRS
CRS Basics ü Voluntary program ü Recognizes good floodplain management above and beyond the minimum requirements of the NFIP ü Modeled on the fire insurance rating system ü Insurance Services Office ü ISO/CRS Specialist in Pennsylvania: Tom Brett Tbrett@iso. com
Goals of the CRS 1. Reduce flood damage to insurable property, 2. Strengthen and support the insurance aspects of the NFIP, and 3. Encourage a comprehensive approach to floodplain management.
Premium Discount Class 1 2 3 4 5 6 7 8 9 10 Points 4, 500 4, 000 3, 500 3, 000 2, 500 2, 000 1, 500 1, 000 500 SFHA 45% 40% 35% 30% 25% 20% 15% 10% 5% 0 Non‑SFHA 10% 10% 10% 5% 5% 5% 0
Benefits à Money stays in the community à Insurance savings offset costs à Improved flood protection à Better organized programs à Evaluate vs. national benchmark à Technical assistance à Incentive to keep implementing à Public information builds constituency
Pennsylvania CRS Communities 23 Communities currently participate in the Commonwealth Range from Class 6 through 9
What If?
What If?
What If?
Costs to Community àPass a CAV àDesignate CRS Coordinator àImplement activities àMaintain records
Crediting Process üApplication üVerification Visit üRecertification üModification üCycle Verification
Four Categories of Activities 300 Series – Public Information 400 Series – Mapping and Regulations 500 Series – Flood Damage Reduction 600 Series – Flood Preparedness
Questions? Questions
