Work by city lowers flood insurance costs – Albuquerque Business First

With all the recent rains in New Mexico, we felt this was very relevant information about our city.

Albuquerque residents who have to buy flood insurance could get a 10 percent discount on their policies because of improvements the city has to its flood prevention and preparedness efforts, Mayor Richard Berry said.

The insurance discounts are a result of favorable rating given to the city’s efforts by the Federal Emergency Management Agency, Berry said. FEMA gave the city a community rating of 8 in the National Flood Insurance program, Berry’s office said in a news release.

“Since 2010, the city has installed 14,000 linear feet of storm drain, removing 130 acres from the flood plan. This means hundreds of property owners don’t need to carry flood insurance anymore which can be costly,” Berry said.

FEMA based its rating on the city’s improved ability to identify impending flood threats and inform the public about those threats.

Dennis Domrzalski Reporter- Albuquerque Business First