The National Flood Insurance Program's (NFIP) Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements.
As a result, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community actions meeting the three goals of the CRS:
- Reduce flood damage to insurable property;
- Strengthen and support the insurance aspects of the NFIP, and
- Encourage a comprehensive approach to floodplain management.
Currently, Louisville Metro is a Class 3 in the CRS program, saving the community approximately $2 million each year. Louisville Metro earns this rating by engaging in many floodplain management activities, such as providing flood information, preserving open space in the floodplain, maintaining the drainage system, and outreach. To learn more about MSD's flood-related outreach efforts, check out of the MSD Program for Public Information.
