Wednesday, December 31, 2008

County achieves better flood insurance rating - al.com

County achieves better flood insurance rating - al.com: "BAY MINETTE — Thousands of federal flood insurance policyholders in Baldwin County are receiving a holiday bonus in the form of more money saved on premiums, thanks to an improved rating obtained by local officials.

The improvement from a Class 8 to a Class 7 in the Community Rating System Program has resulted in a 15 percent discount in the premium cost of flood insurance — up from a 10 percent discount, county officials said.

The total savings countywide is now $640,000 and an average of $68 savings per policy for nearly 9,500 policyholders in the Special Flood Hazard Areas of unincorporated Baldwin, according to a county report."