SEA ISLE CITY — The city has obtained Class 3 status in the Federal Emergency Management Agency’s Community Rating System, which will further trim local flood insurance costs.
Mayor Leonard Desiderio announced the achievement during Tuesday’s City Council meeting, said Katherine Custer, a spokeswoman for Sea Isle.
Only nine other communities in the country have reached Class 3 status or better, Custer said.
The new rating comes with a 35 percent discount on flood insurance policies for compliant structures, Custer said. Sea Isle achieved Class 5 status with FEMA’s CRS program in October 2013, which translated into a 25 percent discount on flood insurance premiums, she said.
The city administration has worked continually to improve flood prevention and flood protection standards since then, Custer said.
“Sea Isle City is the only community in the state of New Jersey to reach Class 3 status, and we are now among the top 10 communities in the country in the eyes of FEMA’s CRS program,” Desiderio said in a statement. “Obviously, this is very good news for our home and business owners, and it is something we can all be proud of.”
The 35 percent insurance savings take effect in May, with an overall savings of about $1.9 million for compliant property owners, including the city, Custer said.