Community Rating Systems

The City of Port Richey homeowners, businesses and renters are paying less for flood insurance. With a current rating of 7, policyholders earn a 15% reduction on flood insurance premiums.

Participation in the CRS is rewarded with discounted flood insurance rates for policyholders within the community. The discount is given because the community has reduced the flood risk by meeting the three goals of the CRS program:

  1. Reduce flood losses
  2. Facilitate accurate insurance rating; and
  3. Promote the awareness of flood insurance

Flood insurance premium rates are discounted in increments of 5%. For example; a Class 9 community would receive a 5% premium discount, while a Class 1 community would receive a 45% premium discount (a Class 10 community is not participating in the CRS and receives no discount). The CRS classes for local communities are based on 18 creditable activities, organized under four categories:

  1. Public information;
  2. Mapping and Regulations;
  3. Flood Damage Reduction; and
  4. Flood Preparedness

Further information can be found at the CRS Resource Center.

The City is required to submit an annual report of the activities.