In CRS communities, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community’s efforts that address the three goals of the program: The CRS is a voluntary incentive program that recognizes and encourages community floodplain management practices that exceed the minimum requirements of the NFIP. Marshfield is a participating community in the NFIP Community Rating System (CRS) with a rating of 7, earning Marshfield Residents a 15% discount on their mandatory flood insurance. Is administered by FEMA, while insurance policies are sold and serviced by a network of more than 50 insurance companies and the NFIP Direct.Is a public-private partnership between the federal government, the property and casualty insurance industry, states, local officials, lending institutions, and property owners and.Provides flood insurance to property owners, renters, and businesses, and having this coverage helps them recover faster when floodwaters recede.Flood insurance is a separate policy that can cover buildings, the contents in a building, or both. Local governments pass and enforce regulations for designated SFHAs.Ĭontact local floodplain administrators for more information on specific local requirements.įor mitigation information visit /Louisiana-Disaster-Mitigation.Created by Congress in 1968, the National Flood Insurance Program (NFIP) provides insurance to help reduce the socio-economic impact of floods. Find an agent in your area by calling 80 to reach the NFIP call center.You can only purchase flood insurance through an insurance agent you cannot buy it directly from the NFIP. To find out if your community participates in NFIP call 80. ![]()
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