Ocala residents eligible for flood insurance coverage reductions

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The town of Ocala is encouraging residents to make use of a brand new instrument to find out a property’s degree of flood threat and whether or not or not it qualifies for as much as 35% off flood insurance coverage. 

Ocala is one in every of solely two Class 3 communities east of the Mississippi River and the one neighborhood in Florida higher than a Group Ratting System Class 5. 

Use the Ocala Flood Map to examine a property’s low cost eligibility.

Ocala Flood Map
The Ocala Flood Map permits residents to search out out whether or not a property is inside a Particular Flood Hazard Space

The Nationwide Flood Insurance coverage Program’s Group Score System makes use of a Class ranking system that’s just like hearth insurance coverage ranking to find out flood insurance coverage premium reductions for residents. CRS Lessons are rated from 9 to 1. 

As a neighborhood engages in further mitigation actions, its residents turn out to be eligible for elevated NFIP coverage premium reductions. Every CRS Class enchancment produces a 5% larger low cost on flood insurance coverage premiums for properties within the SFHA.

For the reason that metropolis of Ocala is a Class 3 Group, properties in Particular Flood Hazard Areas (SFHA) are eligible to obtain a 35% low cost on their Flood Insurance coverage. Properties in Non-Particular Flood Hazard Areas (Non-SFHA) are eligible to obtain a ten% low cost on their flood insurance coverage.

Based on town, the brand new map supplies a graphic interpretation of the latest SFHAs and the Flood Insurance coverage Price Map.

If a property is in a 2017 SFHA, however not in a 2008 or 1978 SFHA, town says that property’s flood insurance coverage price will possible change. 

The town says if a property didn’t have an lively flood insurance coverage coverage previous to April 19, 2017, it might be eligible for the “Newly Mapped Process.” 

For extra data, contact your native insurance coverage company, go to the Metropolis of Ocala’s Stormwater Engineering Division, or name 352-351-6733.

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