Initiatives in Cedar Rapids prompt fall in flood insurance policy feesBy Janet W. Butcher 2 years ago
CEDAR RAPIDS, Iowa (AP) — When the Cedar River flooded around 10 sq. miles of the town in 2008, number of house house owners experienced flood coverage — slowing recovery for people and company house owners as they waited for methods from the federal governing administration.
In 2010, city officials set out to improve that by commencing the approach to participate in the Countrywide Flood Insurance Program’s Community Rating Technique, administered by the Federal Unexpected emergency Administration Agency. The city’s participation in the method implies people who get flood insurance coverage obtain decrease premiums for their properties or companies.