County seeks to reduce flood insurance premiums
CENTREVILLE — Queen Anne’s County has begun an application process that could save homeowners and businesses
10 percent on their flood insurance premiums.
Todd Mohn, director of Public Works, said the county has about 2,300 homes and buildings which pay about
$1,383,000 annually in flood insurance premiums.
“Flood insurance is made available to property owners through the county’s participation in FEMA’S National Flood Insurance Program,” said Mohn. “The NFIP’S Community Rating System recognizes communities with local regulations exceeding the minimum standards by reducing flood insurance premiums for property owners within those communities.”
Queen Anne’s County administers a floodplain management program which would likely qualify for a 10 percent discount on flood insurance premiums paid by homeowners and commercial businesses in the regulated floodplain, said Mohn. The county’s participation in the Community Rating System is anticipated to result in a combined yearly savings of about $95,000 for local businesses and homeowners.
During the Oct. 10 meeting, Queen Anne’s County Commissioners gave the green light for Public Works staff to move forward with this project. Mohn said he expects the process to qualify for the discounts to take about a year.