New classification means lower flood

insurance premiums for city property owners


After nearly a year of work, the city’s Planning and Building Department, received some very good news this week regarding flood insurance rates: they are going down.

The Federal Emergency Management Agency (FEMA) notified City Manager John Regan that the city’s rating was increased to a Class 7 in the National Flood Insurance Program (NFIP) Community Rating System (CRS). That reclassification qualifies the city for a 15% discount in the premium costs of flood insurance for NFIP policies issued or renewed in Special Flood Hazards on or after October 1, 2011. The current Class 8 rating, secured in 1998, qualifies policy holders for a 10% discount.

"Staff worked diligently with all the related agencies, FEMA, NFIP and ISO, to do everything possible to assist city residents and businesses in lowering their cost of living,” said Mark Knight, Planning and Building Director, adding “This is good news for our community.”

“I commend you on your community actions and your determination to lead your community to be more disaster resistant,” wrote Sandra K. Knight, FRMA Deputy Associate Administration for Mitigation. “This commitment enhances public safety, property protection, and protects the natural functions of floodplains, and reduces flood insurance premiums.”

The city participates in the National Flood Insurance Program (NFIP) administered by the Federal Emergency Management Agency (FEMA) which makes flood insurance coverage available to homeowners at reduced premiums. Since most areas of the City of St. Augustine are located within a Special Flood Hazard Area, homeowners are strongly encouraged to obtain flood insurance coverage especially with the additional savings now available. Estimated collective savings to property owners in St. Augustine will be approximately $160,000.

To download a copy of the notification letter from FEMA, click here.

To read more about flood hazards and prevention in the St. Augustine Community, read Flood Hazard Information. You may also click here for a printable copy.

For more information, contact the Planning and Building Department at 904.825.1065.

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