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Middletown Homeowners Can Save 10% On Flood Insurance

Middletown homeowners are eligible for a 10% discount on new or existing flood insurance policies.

Middletown homeowners interested in purchasing or renewing flood insurance policies are eligible for a 10 percent discount on their policies because of Middletown’s participation in FEMA’s Community Rating System.

 “This rating equates to a 10 percent premium discount for renewals and new flood insurance policies applied for after May 1, 2012,” Mayor Anthony P. Fiore said. “I encourage homeowners to remind their insurance agents about the discount when it comes time to renew their policies.”

The discount will be effective immediately, Fiore said.

FEMA’s Community Rating System (CRS) provides discounts for flood insurance premiums within and outside the Special Flood Hazard Area (SFHA,) commonly known as the 100-year floodplain. 

The Township has earned Class 8 rating for taking actions that exceed the standards of the National Flood Insurance Program (NFIP). These actions include participation in community outreach and flood warning programs, preserving 36 percent of the SFHA as open space, enhancing building standards and providing map information services, said Township Administrator Anthony Mercantante.

“The fact that we can offer insurance savings to homeowners by taking simple steps to enhance public safety and protect property is welcome news,” Fiore said in a prepared statement. “I commend our township staff for their work in getting Middletown to qualify for the program.”

According to township officials, Middletown's participation in the Community Rating System is the latest step taken by its elected officials to generate cost savings and further enhancing core essential government services.

Other steps include expanded garbage and recycling services, restructuring the Public Works and Recreation Departments, embarking on a solar initiative in partnership with Monmouth County, and entering into shared-service agreements with other municipalities and the Board of Education, the township said in a press release.

For more information about CRS and floodplain management, residents can contact the Middletown Building Department at 732-615-2104 during business hours.

Ammie July 19, 2012 at 03:42 PM
I just checked with Liberty Mutual and if your policy is already considered a Preferred Risk Policy, as mine is, you are exempt from the 10% discount. I am told the information can be found in their Community Rating System pdf - www.fema.gov/pdf/nfip/manual201205/content/19_crs.pdf

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