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Friday, July 27, 2012

Middletown Releases Updates To Flood Insurance Discount Program

Standard policies in Zones A or V are eligible for the complete 10 percent discount. While residents in zones B, C, X, D, AR and A99 are eligible for a five percent discount.

Since the discount on renewing flood insurance policies was first announced, there have been further clarifications as to which residential zones can take advantage of the program All standard rate policies in zones A or V are eligible for the 10 percent discount. While standard rated flood insurance policies in zones B, C, X, D, AR and A99 are entitled to a five percent discount. Preferred risk policies, which are applicable in zones B, C and X are already discounted and are not eligible for further discount. The following categories are not eligible for CRS premium discounts, according to the Federal Emergency Management Agency: This flood insurance discount is offered because of Middletown’s participation in FEMA’s Community Rating …

NiHoMa

9:03 am on Saturday, July 28, 2012

Only way my home is going to get flooded if a great tsunami roars in 20 miles inland.   more ›

Monday, July 16, 2012

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 …

Ammie

11:42 am on Thursday, July 19, 2012

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   more ›

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