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<br />PPOO-26 <br /> <br />French Wetmore <br />French & Associates, Ltd. . <br />153 Nanti Street <br />Park Forest, IL 60466 <br />708/747-5273 <br /> <br />The Community Rating System: An Incentive for Mitigation <br /> <br />The Community Rating System (CRS) is a program administered by the Federal Emergency <br />Management Agency. It provides lower insurance premiums under the National Flood Insurance <br />Program. The premium reduction is in the form of a CRS Class, similar to the classifications <br />used for fire insurance. A Class I provides a 45% premium reduction. A Class 10 provides no <br />reduction. <br /> <br />The CRS Class is based on the floodplain management activities a community implements. <br />Because they are good practices, many communities were implementing some CRS activities <br />before they applied. In some cases, they receive credit for state or regional pro-grams and <br />ordinances adopted from models that include standards above the minimum requirements of the <br />NFIP. <br /> <br />After they join, many communities work to improve their classification. Continued contact with <br />and assistance from the ISO/CRS Specialist encourage communities to start new activities or <br />modify what they do in order to receive credit. <br /> <br />. <br /> <br />Incentives to implement CRS credited mitigation activities: <br /> <br />-- The flood mitigation activities credited by the CRS provide direct benefits to the community. <br /> <br />-- Local flood rnitigation programs are better organized and more formal. <br /> <br />-- The community can evaluate the effectiveness of its program against a nationally recognized <br />benchmark. <br /> <br />-- Money stays in the community instead of being spent on insurance premiums. <br /> <br />-- Every time residents pay their insurance premiums, they are reminded that the community is <br />working to protect them from flood losses, even during dry years. <br /> <br />-- The public information activities credited by the CRS build a knowledgeable constituency <br />interested in supporting and improving flood protection measures. <br /> <br />-- Technical assistance in designing and implementing some activities is available at no charge. <br /> <br />-- The community has an added incentive to maintain its flood programs <br />over the years. <br /> <br />. <br />