 |
Upcoming Change to Flood Insurance Policies for Rye Residents
Since 2005, the Town of Rye has been a participating community of the National Flood Insurance Program’s (NFIP) Community Rating System (CRS). CRS is a voluntary incentive program that rewards communities that conduct activities that exceed the minimum NFIP requirements by discounting the flood insurance premiums of their residents by a certain percentage. A community earns CRS credit points, which are given for a wide range of floodplain management activities, and the total of these points determines the community’s class ranking and the residents’ premium percent discount. Rye is currently rated as a Class 9 community and residents with an NFIP flood insurance policy receive a five-percent discount. Effective October 1, 2010, Rye’s rating will be changed to a Class 10 and
residents will no longer receive a discount on their policies. Residents can expect to see this change when they renew their current policy or purchase a new policy on or after October 1, 2010. Any questions about Rye’s CRS status change can contact Susan Labrie at Town Hall, 964-9800 or SLabrie@town.rye.nh.us. For general information about CRS, please go to: http://www.fema.gov/business/nfip/crs.shtm#1.
| |