Gloucester County staff and elected officials have taken steps that will allow each policyholder with the Federal Emergency Management Association’s National Flood Insurance Program to be eligible for a 15 percent discount on annual premiums.
This is because the county significantly enhanced its participation in the Community Rating System (CRS), a rating achieved by only three other Virginia communities, according to Paul Koll, Gloucester’s Building Official/CRS Coordinator.
The 15 percent discount, he said, will result in an average savings of $72 on each policyholder’s annual premium. Overall, he said the county’s CRS accomplishment results in a total annual savings of $119,675 for NFIP policyholders in Gloucester.
According to Koll, several steps were taken to achieve the rating. First, he said in order to attain a CRS Class 7 or better classification, a community must have and maintain a building inspections department building code effectiveness grading schedule of a Class 6 or better.
He said another step was taken when the county’s supervisors adopted the most current version of the Flood Insurance Rate Map for Gloucester. Then, he said the county’s floodplain ordinance was revised, reviewed at state and federal levels, and was adopted by the supervisors. The board then appointed a management committee to review annually the document.