Community Rating System (CRS)

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Community Rating System
The National Flood Insurance Program's (NFIP) Community Rating System (CRS) was implemented in 1990 as a program for recognizing and encouraging community floodplain management activities that exceed the minimum NFIP standards.  A points system is used to create the class structure.  Ratings from class 10 (lowest) to class 1 (highest) are possible within CRS.  Each class represents 500 points.  The point system program reduces flood insurance premiums for the citizens of Spearfish. 

Purpose and Scope
CRS has three goals:
  • reduce flood losses
  • facilitate accurate insurance ratings
  • promote awareness of flood insurance
To accomplish these goals a comprehensive list of possible activities was established.  Points are awarded to the community for documented action, regulations, or plans that correlate with the 18 activities that comprise the four main areas of emphasis, which are:
  • Public Informational Activities
  • Mapping and Regulatory Activities
  • Flood Damage Reduction Activities
  • Flood Preparedness Activities
City of Spearfish CRS Facts
  • Joined CRS - May 1, 2014
  • Current class rating - 9
  • Maximum discount for flood insurance policies receiving a discount in 2014 - 5%
  • Average yearly savings per flood policy in 2014 - $38.00
  • Combined flood insurance annual savings in 2014 - over $4,000.00
Each year Spearfish must recertify or reverify that we continue to perform the activities that are being credited by the CRS.

Page Link:
FEMA Community Rating System - Resource Center