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Flood insurance discount increases for Lake County residents

RELEASE DATE: May 20, 2009

EUSTIS — The Lake County Stormwater Section of the Department of Public Works, Engineering Division, is announcing that Lake County citizens’ discount for the National Flood Insurance Program (NFIP) has increased from 10 to 15 percent.

The discount went into effect May 1. The reduced cost of flood insurance is a result of the Lake County Stormwater Section successfully implementing a floodplain management program, which includes strict floodplain regulations and public outreach to ensure protection of citizen’s property. An audit by the Federal Emergency Management Agency (FEMA) in 2008 helped Lake County earn enough points through the community rating system to secure a 15 percent discount.

The NFIP was established by Congress in 1968 and is administered by FEMA. It makes federally guaranteed flood insurance available at a reasonable rate to property owners and renters in communities that voluntarily adopt and enforce the NFIP’s floodplain management requirements. Unincorporated Lake County has participated in the NFIP since 1982.

Because of steps taken by the Lake County Board of County Commissioners, unincorporated Lake County is now rated a Class 7 Community. This rating means that flood insurance issued or renewed, for property located in the Special Flood Hazard Areas, will receive a 15 percent premium discount on flood insurance.

For questions on the discount or the floodplain program, call Sharon Hogan, Lake County Stormwater Technician, at (352) 483-9081.

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Office: 352-343-9603; Cell: 352-455-0445
klafollette@lakecountyfl.gov

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