Residents Receive Discount on Flood Insurance Premiums
The Town of Peterborough is a CRS (Community Rating System) class 8 community. This results in a 10% premium discount on flood insurance for Peterborough residents. Town staff actively works to ensure Peterborough qualifies for this benefit.
What is the CRS? 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.
For more information, click here for the FEMA webpage. If you have flood insurance and are unsure if this discount has been correctly applied to your premium, contact your flood insurance provider.
2020 CRS Verification Report - PDF