New CRS Rating Reduces Flood Insurance Premiums

Press release from the Village of Northbrook:

The Village was recently reclassified as a Class 6 community by the National Flood Insurance Program through the Community Rating System (CRS). This new rating results in a 20% rate reduction for flood insurance policies issued or renewed on or after August 24, to Northbrook property owners located in a Special Flood Hazard Area.

Prior to this date, the Village held a Class 7 status resulting in a 15% reduction. With additional credits earned through the CRS program and a recent adoption of updated building codes, Northbrook’s rating improved from Class 7 to Class 6.

The CRS program allows communities to achieve certain credits (i.e. reduction in flood insurance policy premiums) by implementing specified floodplain outreach activities and development regulations.

For questions or more information, contact the Public Works Department at 847-664-4119. For questions about a flood insurance policy, contact your insurance provider. Additional information on flood insurance can be found at floodsmart.gov and insurance.illinois.gov.

This press release was produced by the Village of Northbrook. The views expressed here are the author’s own.