The Community Rating System (CRS) is a voluntary incentive program administered by the Federal Emergency Management Agency (FEMA) that encourages the National Flood Insurance Program (NFIP) Communities, such as the City of Los Angeles, to perform floodplain management activities that exceed the minimum NFIP requirements. As a reward, flood insurance premium rates within the Community are discounted to reflect the level of reduced flood risk resulting from the Community's activities. The CRS activities have the following benefits:
- Reduce flood losses
- Educate about flood risks, flood safety, and benefits of natural floodplains
- Improve coordination between agency resources
- Improve preparedness and emergency response
- Facilitate accurate insurance rating
- Promote the awareness of flood insurance
The City of Los Angeles' participation in the CRS has resulted in its receiving a Class 7 rating. A Class 7 means that residents purchasing or renewing their flood insurance policies for properties in a Special Flood Hazard Area within the City of Los Angeles will receive a 15% discount on their flood insurance premium.
Residents automatically receive this discount upon purchase or renewal of the flood insurance policy. Please contact your insurance agent for more details. To find out more about obtaining flood insurance or locating a flood insurance agent, you may contact FloodSmart by clicking the following link: www.floodsmart.gov/.
Additional information regarding the CRS Program is available at FEMA's website. To visit the site please click the following link: www.fema.gov/national-flood-insurance-program-community-rating-system.