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Biloxi Residents to Save on Flood Insurance

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Updated: 12/06/2012 5:51 am
BILOXI, Miss. (AP) - Biloxi's ranking in FEMA's Community Rating System has improved to a Class 5, which for those living in a flood zone means 25 percent lower flood insurance premiums.

The Sun Herald reports the city learned last week its rate dropped from Class 6 to Class 5. New rates go into effect in May.

The rating improved because of steps the city took to regulate construction in flood zones and educate residents on ways to minimize damage from flooding.

Kristin Greger, the city's CRS coordinator, said the rating means an additional 5 percent savings for residents in a flood zone and a 10 percent discount citywide.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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Noodie1 - 12/6/2012 7:17 PM
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Anyone willing to bet that before the people realize any savings, much less 25%, they'll receive an increase in the mail from the insurance company. Anyone living in a flood zone should have to pay big money. It's always amazed me how stupid some people are when it comes to building a home in an area known for flooding. Why an insurance company would even insure the place is beyond me? If there's anything to the global warming we keep getting warned about, what's going to happen to all the waterfront property other than get flooded out? Is the insurance company going to continue insuring? I wish they'd just buy the owners out and make the property un-buildable for anyone except fishing docks and public recreation.
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