The Monroe County Board of County Commissioners recognized consultant Lori Lehr, staff members, and community members who contributed to the National Flood Insurance Program (NFIP) Community Rating System (CRS) Insurance Services Office (ISO) recommended Class 3 rating for Monroe County at today’s regularly scheduled monthly meeting.
Achieving a preliminary Class 3 rating in the CRS will increase annual savings to flood insurance for 14,400 policyholders in unincorporated Monroe County to $7.5 million dollars annually in April 2022. There will an annual average savings of $522 per policyholder. Cumulatively to date, the County has saved policyholders approximately $22 million.
“We sincerely appreciate your great contribution to this achievement and for making our island community stronger and more resilient to flooding impacts,” said Monroe County Assistant Administrator Christine Hurley.
Unincorporated Monroe County will join a very elite group of other communities in a Class 3 or lower designation. According to the NFIP Insurance Manual, the City of Ocala is currently the only community-ranked a Class 3 or lower of the more than 250 participating Florida communities. Nationwide, only 14 communities ranked as a Class 3 or lower of the 1,700 participating communities.
More information on the local CRS program can be found at www.monroecounty-fl.gov/crs. For more information about the NFIP's CRS program, visit www.fema.gov/national-flood-insurance-program-community-rating-system.