Sarasota News Leader

09/27/2013

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FLOODING AND INSURANCE Rain-laden clouds loom over Golden Gate Point in Sarasota on the morning of Sept. 25. Photo by Norman Schimmel DURING A WEEK OF TORRENTIAL RAIN, THE COUNTY COMMISSION LEARNS SARASOTA COUNTY HOMEOWNERS WILL STILL GET DISCOUNTS ON FLOOD INSURANCE, IN SPITE OF COMING CHANGES TO A FEDERAL PROGRAM By Rachel Brown Hackney Editor Because Sarasota County has been a participant in a flood insurance rating initiative since 1992, homeowners will still receive a discount of up to 25 percent on National Flood Insurance Program (NFIP) policies, regardless of federal efforts to eliminate subsidies in the NFIP, the Sarasota County Commission learned this week. a year for an NFIP policy. The homeowner has received a $418 discount because of the county's participation in the Community Rating System (CRS), Companion said in a Sept. 25 presentation to the commission. Even if the resident's flood insurance bill goes up to $3,000 a year under the Biggert-Waters Act, the homeowner still would enjoy savings, In an example provided by Desiree Compan- Companion pointed out. ion of the county's Environmental Utilities De- "So that discount actually becomes more meanpartment, one Sarasota resident who owns a ingful," said Commissioner Nora Patterson. house built in the 1970s that is 1.9 feet below base flood elevation has been paying $1,500 "Absolutely," Companion replied.

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