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Property owners residing in unincorporated Lake County may be eligible to save an average of $271 a year on their flood insurance policies. Currently, there are more than 1,014 flood insurance policies in unincorporated Lake County. Through the Federal Emergency Management Agency’s (FEMA) Community Rating System (CRS) program, residents within unincorporated Lake County – who meet certain requirements – are eligible for up 20% savings on flood insurance premiums. This results in a potential annual total savings of $274,899 overall for residents across the county. Property owners should contact their flood insurance agent to obtain individual savings information.
Since 2008, Lake County has participated in the CRS program and received favorable ratings, saving property owners thousands of dollars on their policies. Lake County is required to create an Annual Evaluation Report to maintain the favorable rating.