Unincorporated Residents Eligible for a Discount on Flood Insurance Premiums

Lake County recently announced that for the fourth year in a row property owners in unincorporated Lake County may be eligible to save an average of $145 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. Based on Lake County's rating, residents who meet certain requirements are eligible for savings on flood insurance premiums. Residents should contact their flood insurance agent for individual savings information. 

In order to maintain its favorable rating, Lake County prepared an Annual Evaluation Report for the County-Wide All Natural Hazards Mitigation Plan. 

Highlights from the report include:

• Lake County approved ten projects to remove structures from the flood plain
• Lake County Stormwater Management Commission received funds to purchase two repetitively flooded properties in unincorporated Lake County
• Lake County contributed to eight projects to improve capacity of existing drainage systems through the Drainage Improvement Fund 

Program overview:

• Over 940 flood insurance policies in unincorporated Lake County
• $870,000 total annual premiums without CRS participation
• $135,000 total annual savings for residents
• 0%, 5%, or 15% savings, depending upon flood risk

 Information provided by Lake County Government.