With floods being the most common and most destructive natural disasters in the United States, flood insurance is a special policy that is federally backed by the National Flood Insurance Program’s (NFIP) and is available for homeowners, renters and businesses. The City of Boca Raton is taking action to help reduce flood insurance rates for property owners.
The City has enrolled in the NFIP’s Community Rating System (CRS), a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed minimum NFIP requirements.
City of Boca Raton residents can receive additional savings on flood insurance premiums. The discount comes from an improvement in the City’s CRS Classification. Floodplain management activities implemented by the City of Boca Raton may qualify residents for a 15% discount on their flood insurance premium.
The City’s Floodplain Management program provides additional public information needed to increase flood hazard awareness and to motivate actions to reduce flood damage, encourage flood hazard awareness and protect the natural functions of floodplains. With a large portion of Boca Raton in the special flood hazard area determined by FEMA, the City highly encourages everyone to consider purchasing a flood insurance policy to protect their homes or buildings and/or their contents, whether property owners are in a Special Flood Hazard Zone (SFHA) or not.