Dare County, NC
MenuFlood Insurance
Flood insurance is an important tool to protect your home and your investment. The following information is provided to educate citizens and property owners on the importance of flood insurance, how it differs from other types of property insurance and what to expect should you need to file a flood insurance claim.
REPETITIVE LOSS STRUCTURE
Dare County participates in the federal Community Rating System (CRS) program. This is a voluntary program of the NFIP that recognize participating communities with discounts on flood insurance policies for implementing activities in their communities to promote flood hazard awareness and mitigate flood losses. Dare County has participated in the CRS program since its inception in 1992.
Currently, Dare County is ranked as a Class 6 community, which equates to a 20 percent discount on flood policies issued in unincorporated Dare County on or after April 1, 2022.
Every five years, CRS representatives meet with Dare County officials to review the CRS activities and regulatory actions that have been implemented to gain CRS credit. Preferred Risk Policies are not eligible for CRS premium discounts because they already have premiums lower than other policies. Preferred Risk Policies are available only in B, C, and X Zones for properties that are shown to have a minimal risk of flood damage. Some minus-rated policies may not be eligible for CRS premium discounts. Premium discounts are subject to change.