Flood insurance premiums set to drop for Merrillville residents

2014-06-08T00:00:00Z Flood insurance premiums set to drop for Merrillville residentsChas Reilly Times Correspondent nwitimes.com
June 08, 2014 12:00 am  • 

MERRILLVILLE | Merrillville property owners required to have flood insurance could see their premiums drop by 15 percent this fall.

The discount is a result of the town's involvement in the Federal Emergency Management Agency's Community Rating System, said Matt Lake, executive director of Merrillville's Stormwater Utility.

Owners of parcels located in a floodplain are required to obtain flood insurance. To help those property owners, Merrillville applied to participate in the Community Rating System, which assesses and rates floodplain management programs.

The application process takes "at least a year" to complete, Lake said.

"It's not an easy process," he said.

Lake said Merrillville received the best rating allowed by the state, which has produced the 15 percent reduction in flood insurance premiums for residents. He said the discounts could be applied as early as Oct. 1.

The town is required to provide annual reports about its floodplain management program so residents can continue to receive the discount.

Merrillville is one of about 20 communities in Indiana to receive reduced premiums through the Community Rating System, and the town is the only municipality in Northwest Indiana participating in the program, Lake said.

"All communities should be involved in the program," he said.

He encouraged other local municipalities to apply as soon as possible.

Lake said the Community Rating System coordinator handling applications from Indiana also oversees applications from several other states.

If the number of applications goes up, it could increase the time it takes to go through the application process, he said.

Copyright 2014 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



About Merrillville

Town Hall

7820 Broadway Ave. Merrillville, IN 46410
219.769.5711
Fax: 219.756.6170

Police Department

7820 Broadway Merrillville, IN 46410
Emergency: 911
Non-emergency 219.769.3531
Administration: 219.769.3722
Crime Tip Hotline: 219.756.6180 ext. 54

Fire Department

26 W. 73rd Ave. Merrillville, IN 46410
Emergency: 911
Non-emergency 219.769.0004
Fax: 219.756.6170

Parks & Recreation

5750 Tyler Place Merrillville, IN 46410
Phone: 219.980.5911

Lake County Public Library

1919 West 81st Avenue Merrillville, IN 46410
Phone: 219.769.3541

Merrillville Community School Corporation

6701 Delaware Street Merrillville, IN 46410
Phone: 219.650.5300

Latest Local Offers