McHenry County Flood Rating Offers 20% Insurance Discount – Shaw Local

Residents and business owners in unincorporated areas of McHenry County will see their flood insurance premiums cut 20% from standard rates, the county said, crediting its flood management efforts.

The Federal Emergency Management Agency has raised McHenry County’s rating in the National Flood Insurance Program Community Rating System to Class 6, according to a news release. The increase, which took effect Oct. 1, means a significant reduction in most flood insurance premiums, the county said.

McHenry County’s flood management initiatives allow it to participate in the National Flood Insurance Program, which qualifies property owners to obtain flood insurance.

Most homeowners insurance does not cover flood damage, so flood insurance is essential for homeowners in flood-prone areas, the county said. Flood insurance can be purchased by anyone, not just those who live in a flood-prone area or in a FEMA-mapped flood zone.

The 20% discount that just went into effect equates to nearly $120,000 in savings across all policies, according to the press release. The more a government invests in reducing the risk of flooding, the greater the insurance savings.

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