County seeks to re­duce flood in­surance pre­mi­ums

Record Observer - - NEWS -

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.

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