FEMA lowers Colorado Springs flood rating, saving residents money on insurance
The agency's National Flood Insurance Program Community Rating System now lists
"Every drop in that designation corresponds to another 5 percent off flood insurance," Mulledy said. "It's a huge leap between a 6 and a 5."
Now, property owners are eligible for a 25 percent discount in flood insurance rather than a 20 percent discount that's been available since 2014, Mulledy said.
Those might amount to about
The city's
"The reinvestment in the stormwater program is what allowed us to go to
And for
"If we were a 5- or 10-square-mile city, it'd be a lot easier to maintain that," he said. "But we're at 200 square miles."
Even among the nation's smaller cities and municipalities, Mulledy said reaching a rating of 5 or lower is a challenge. About 22,000 communities participate in
The discount is "tangible evidence" that the city's stormwater program and fees are an asset to
"Sometimes it's hard to see how you benefit from stormwater infrastructure," Mulledy said in agreement with Suthers. "These people can see a benefit on a monthly basis from the reduction in their premiums."
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