Wednesday, November 12, 2003
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Wednesday, November 12, 2003 |
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Flood insurance on the decrease Flood insurance rates in unincorporated Fayette County will be reduced by 15 percent effective May 1, 2004. Based on credit points verified the by Insurance Services Office, Inc., and upon acceptance by the Federal Emergency Management Agency (FEMA), Unincorporated Fayette County, Georgia will receive a Community Rating System (CRS) classification of 7. The CRS Classification system
consists of 10 classes and there is a 5 percent premium discount for every
lower class. Class 10 receives no discount, Class 9 receives a five percent
discount, and this continues down the line to a Class 1, which receives
a 45 percent discount. A county’s or city’s classification is
based on how well their flood plain management program is structured and
administered. In Georgia, only one city has a class rating of 6, two cities
have a class rating of 7, and only one other county has a class rating
of 7. No county in the Atlanta Metro area has a class rating as low as
Fayette County.
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