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FEMA places ‘pause’ on decision to pull flood insurance discounts

By Staff | Apr 8, 2024

FEMA has placed a 30-day pause on its decision to eliminate the 25% discount on National Flood Insurance Program policies currently awarded in unincorporated Lee County and four of its municipalities, including Cape Coral and Fort Myers Beach.

The “retrograding” of FEMA’s Community Rating System class from a five to a 10, thereby removing benefits residents receive for the National Flood Insurance Program policies, will be revisited as the federal agency works with the affected local governments, FEMA announced today.

“We are committed to helping communities take appropriate remediation actions to participate in the Community Rating System and remain in good standing with the National Flood Insurance Program,” FEMA said in a release. “Each of the five communities will have an additional 30 days to gather requested documentation to help retain their standing in the Community Rating System.”