Every five years the Town goes through an intense review of our floodplain program in order to remain eligible to participate in the Community Rating System (CRS) and to determine the class (or rating) for the next 5 years. During this review, the Town is required to submit proper documentation to show enforcement and compliance of the Town’s Flood Damage Prevention Ordinance. Points are generated based on certain criteria listed in the manual including compliance, community outreach and other activities that the Town has implemented that go above and beyond the minimum requirements.
The Town has been rated at a Class 5 since 2014 which allows property owners a 25% discount on their flood insurance policy. Staff has now completed our 2019 cycle verification and based on the points achieved, our rating will be moved to a class 7, which decreases the discount to 15%. This rating of class 7 will take effect October 1, 2021.
Over the course of the last five years, requirements have changed or been amended as part of the rating system. This can impact the individual community as it did for Topsail Beach this year. The Town will work on identifying changes needed in our policies and practices in hopes to return to a lower rating. After October 1, 2021 the Town will have an opportunity to submit additional documentation to modify our points in the hopes to improve our rating and increase discounts for our property owners, but the rating of class 7 is set until at least October 2022.
Although this change does not take effect for another six (6) months, we wanted to make you aware of the change. You may contact the Town’s Floodplain Manger at 910-328-5194 if you have any questions.