Flood Insurance rates drop 15% in James City County
James City County homeowners who have flood insurance because they live in Special Flood Hazard Areas will receive an automatic 15 percent reduction on their flood insurance if issued or renewed on or after May 1, 2013. That’s because the County’s long term efforts to voluntarily improve flood plain management resulted in a Class 7 rating under the Community Rating System as part of the National Flood Insurance Program under FEMA. The rating lowers flood insurance rates for those homeowners affected.
