Flood mitigation efforts lead to lower insurance premiums in Steamboat | SteamboatToday.com

Flood mitigation efforts lead to lower insurance premiums in Steamboat

— Some local property owners will see their flood insurance premiums drop slightly thanks to recent flood mitigation efforts by the city of Steamboat Springs.

Flood insurance policyholders who reside in the city’s 100-year floodplain should see an annual savings of $42 per premium, according to a press release from the city.

There are 199 flood insurance policies held in the 100-year floodplain, according to city records.

The insurance savings stem from a better community rating the city recently got from the National Flood Insurance Program.

City Planner Bob Keenan said a range of citywide flood mitigation efforts helped the city achieve the better rating.

The efforts included such things as a hydraulic analysis of the Burgess Creek drainage area, culvert replacements and other infrastructure upgrades, and a website that lists river gauges.

The city also earns points for having staff members who are certified in floodplain management.

The new insurance classification will go into effect Oct. 15.

To reach Scott Franz, call 970-871-4210, email scottfranz@SteamboatToday.com or follow him on Twitter @ScottFranz10

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