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NEWS RELEASE
September 3, 2014
For Immediate Release
Contact: Mea Blauer
847-377-2600
Unincorporated Residents Eligible for Flood Insurance Premium Discounts
Seventh Year in a Row

Lake County is pleased to announce that, property owners residing in unincorporated Lake County may be eligible to save an average of more than $229 a year on their flood insurance policies.

 

Since 2008, thanks to the leadership of the County Board, Lake County has participated in the Federal Emergency Management Agency's (FEMA) Community Rating System (CRS) program. With a Class 6 community rating, residents within unincorporated Lake County who meet certain requirements are eligible for up to a 20% savings on flood insurance premiums. Residents should contact their flood insurance agent to obtain individual savings information. 

 

In order to maintain its favorable rating, an Annual Evaluation Report for the (County-Wide) All Natural Hazards Mitigation Plan for unincorporated Lake County was prepared. This report is available on the County's website.

 

Highlights from the report include:

  • Lake County permitted five (5) projects to elevate structures above the regulatory floodplain elevation
  • Lake County Stormwater Management Commission applied for funding in 2013 to purchase four (4) previously flooded properties in unincorporated areas of Lake County.
  • Lake County has contributed to three (3) projects to improve capacity of existing drainage systems through the Drainage Improvement Fund 

 

PROGRAM SNAPSHOT
  • Over 1060 flood insurance policies in unincorporated Lake County
  • $245,000 total annual savings for residents
  • 0%, 10%, or 20% savings, depending upon flood risk 

This discount only applies to unincorporated areas of Lake County. Residents should contact their local flood insurance provider for individual savings information.

OTHER RESOURCES: