County Executive Matt Meyer announced on April 18 that New Castle County has secured a 20 percent discount on flood insurance for property owners.
The discount will be available starting this May as property owners renew their annual flood insurance policies.
“New Castle County’s effective flood management practices have secured insurance discounts that will save property owners $250,000 every year,” County Executive Matt Meyer said. “These efforts protect the environment and improve water quality, reducing property damage and keeping all of us safer during flood events. They also help our communities adapt to the growing impacts of climate change.”
New Castle County secured the flood insurance discount by participating in the National Flood Insurance Program’s (NFIP) Community Rating System, a voluntary incentive program that rewards communities for local mitigation and floodplain management policies and outreach efforts that exceed minimum national requirements. O
Out of 22,000 communities that participate in the National Flood Insurance Program, New Castle County is among only 5 percent (1,400 communities) that participate in the Community Rating System.