Residents in the Borough of Yardley, PA now have lower flood insurance premiums because of the community’s initiatives to implement better floodplain management measures encouraged by the National Flood Insurance Program (NFIP). The Federal Emergency Management Agency created the voluntary Community Rating System (CRS) program to recognize local efforts to reduce flood risk, and to reward communities, their residents, and businesses by saving them money on flood insurance premiums. The Borough of Yardley recently advanced its standing in the program.
Senior NFIP Specialist from FEMA Region 3, Bobby Cobelli, presented a plaque to local officials at the Borough Council Meeting on Tuesday, November 15th. With the steps taken by the community to protect its citizens and increase its resiliency, the Borough advanced its CRS rating to a Class 8 community. “We recognize and celebrate the Borough for their ambition, hard work, and leadership in strengthening floodplain management” he said. “Advancing within the CRS program is a tremendous accomplishment.”
Under CRS, local officials are asked to meet three goals: (1) reduce flood losses, (2) facilitate accurate insurance rating, and (3) promote the awareness of flood insurance. Communities who apply to participate in CRS are required to provide information demonstrating their floodplain management program exceeds the minimum requirements of the NFIP.
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