Norfolk Flood Insurance News
Steven Pyle Jr., CFM
The City of Norfolk
Dept. of Emergency Preparedness and Response
Through the Norfolk Department of Emergency Preparedness and Response’s Private Sector Partnership Program, S.L. Nusbaum is an excellent partner in helping to achieve whole community preparedness by sharing information and educating our citizens on the topic of flood insurance which we recognize as a high-risk hazard for our community.
If you have not heard yet, the City of Norfolk has achieved a Class 8 rating under the Community Rating System (CRS) program administered by FEMA. The Class 8 designation allows Norfolk residents and businesses, with properties located in a FEMA-mapped floodplain, to receive a 10% discount on flood insurance premiums. Each eligible National Flood Insurance Program policyholder will save an average of $107.00 on their annual premium. In addition, any policy that sits outside the Special Flood Hazard Area will receive a 5% annual premium discount with an average savings of $33.00.
Norfolk's CRS initiative is comprised of a cross-departmental team led by our outstanding City Planning Department. For more information, please visit http://www.norfolk.gov/CivicAlerts.aspx?AID=3254.