Community Rating System
General Description
The goals of the Community Rating System (CRS) are to reduce flood losses, to facilitate accurate insurance rating, and to promote the awareness of flood insurance.
The CRS has been developed to provide incentives for communities to go beyond the minimum floodplain management requirements to develop extra measures to provide protection from flooding. The incentives are in the form of premium discounts.
Eligibility
For a commuity to be eligible, the community must be in full compliance with the National Flood Insurance Program (NFIP) and be in the Regular phase of the program. Communities in the Emergency phase of the program are not eligible.
Classifications and Discounts
All communities start out with a Class 10 Rating (which provides no discount). There are 10 CRS classes: Class 1 requires the most credit points and gives the greatest premium reductions; Class 10 identifies a community that does not apply for the CRS, or does not obtain a minimum number of credit points and receives no discount. There are 18 activities recognized as measures for eliminating exposure to floods. Credit points are assigned to each activity. The activities are organized under four main categories: Public Information, Mapping and Regulation, Flood Damage Reduction, and Flood Preparedness. Once a community applies to the appropriate FEMA region for the CRS program and its implementation is verified, FIA sets the CRS classification based upon the credit points. This classification determines the premium discount for policyholders. Premium discounts ranging from 5 percent to a maximum of 45 percent will be applied to every policy writen in a community as recognition of the floodplain management activities instituted. This is a voluntary program for communities.
CRS Premium Discounts
Class Discount
1 45%
2 40%
3 35%
4 30%
5 25%
6 20%
7 15%
8 10%
9 5%
10 ---
Eligible Communities in Nebraska
City of Fremont
Community No.: 310069
CRS Entry Date: 10/1/91
Current Effective Date: 10/1/91
Current Class: 9
Credit for SFHA: 5%
Credit for Non-SFHA: 5%
City of Lincoln
Community No.: 315273
CRS Entry Date: 10/1/91
Current Effective Date: 5/1/03
Current Class: 7
Credit for SFHA: 15%
Credit for Non-SFHA: 5%
Return to NFIP Insurance Rates Homepage
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Source NFIP
Last Updated: 05/01/07