The City does not determine flood insurance rates they are established by FEMA. However, the City is one of only a few communities on Long Island to participate in the Community Rating System (CRS) through the National Flood Insurance Program (NFIP). If you intend to refinance a mortgage, your rate will be based on the new flood maps after September 11, 2009. If your home is now designated in a higher risk zone (AE), which encompasses virtually all of Long Beach, your lender will require flood insurance. If your property is now in the low risk zone (X), your pre-September 11 rate may be grandfathered, saving you hundreds of dollars yearly in flood insurance. The Federal Emergency Management Agency (FEMA) issued new floodplain maps that designate the entire City of Long Beach as a Flood Zone as of September 11, 2009. What factors determine how much I pay for flood insurance?įive ways to Lower the Cost of Your Flood Insurance Premium How do I pay for or renew my flood insurance policy? To learn more about Long Beach's participation in the CRS rating system, visit Flood Insuranceįor information on the National Flood Insurance Program visit What do I need to know about flood insurance coverage? As a result of Long Beach's participation in the CRS program, eligible Long Beach policy holders enjoy a 15% discount on flood insurance premiums. The NFIP utilizes a Community Rating System (CRS) to incentivize community floodplain management practices that exceed the minimum NFIP requirements. While FEMA has minimum floodplain management standards for communities participating in the National Flood Insurance Program ( NFIP), best practices demonstrate the adoption of higher standards which will lead to safer, stronger, more resilient communities. These measures take a variety of forms, are carried out by multiple stakeholders, and generally include requirements for zoning, subdivision or building, building codes, and special-purpose floodplain ordinances. But even if your property is not in a high risk flood area, your mortgage lender may still require you to have flood insurance.įloodplain management is the operation of a community program of preventive and corrective measures to reduce the risk of current and future flooding, resulting in a more resilient community. FACT: Congress has mandated federally regulated or insured lenders to require flood insurance on mortgaged properties that are located in areas at high risk of flooding.A claim against your flood insurance policy could and often does, provide more funds for recovery than those you could qualify for from FEMA or the SBA-and you don't have to pay it back. FEMA offers disaster grants that don't need to be paid back, but this amount is often much less than what is needed to recover. Small Business Administration (SBA) and you have to pay them back. Check out The Big Cost of Flooding.įACT: Flood insurance can pay regardless of whether or not there is a Presidential Disaster Declaration.įACT: Most federal disaster assistance comes in the form of low-interest disaster loans from U.S. As a participant in the National Flood Insurance Program (NFIP), the City of Long Beach actively seeks to increase flood awareness and decrease flood insurance rates for residents. Please use this page as a resource to learn more about flooding, insurance, and emergency preparedness.įACT: Floods are the nation’s most common and costly natural disaster and cause millions of dollars in damage every year.įACT: Homeowners and renters insurance does not typically cover flood damage.įACT: Floods can happen anywhere-More than 20 percent of flood claims come from properties outside the high risk flood zone. The City has had several public meetings as part of the planning process. The City of Long Beach has developed a Floodplain Management Plan (FMP) to assess the community's risk to flooding and set a strategy to reduce vulnerability. Business Resources (COVID19 Assistance).City of Long Beach School Bus Safety Program.Beach Safety Public Service Announcement.
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