Mitigation efforts result in 15% discount on federal flood insurance
/There’s good news for most Hull residents who have flood insurance.
The Federal Emergency Management Agency recently determined that Hull property owners will qualify for a 15% discount for most National Flood Insurance Program policies issued or renewed on or after Oct. 1, 2023.
A recent letter from William Lesser of the Federal Insurance and Mitigation Administration said the results of the NFIP Community Rating System field verification allow Hull to retain its current CRS rating.
“This savings is a tangible result of the flood mitigation activities your community implements to protect lives and reduce property damage,” Lesser wrote.
Hull’s CRS rating will be renewed automatically on an annual basis as long as there are no NFIP non-compliance actions.
Lesser commended the town for its “determination to lead your community to be more disaster resistant,” noting that this commitment “enhances public safety and property protection, protects the natural functions of floodplains, and reduces flood insurance premiums.”
-- Carol Britton Meyer