Downers Grove's stormwater improvements earn flood insurance discount for residents
DOWNERS GROVE – Downers Grove's efforts to improve its stormwater infrastructure will result in a 20 percent discount on property owner's flood insurance premiums beginning May 1, 2014, according to the village.
A 20 percent discount will be a 5 percent increase in discounts over the current rates as part of the National Flood Insurance Program (NFIP).
FEMA told the village on Aug. 16 that it was recommending Downers Grove's rating under the NFIP Community Rating System be improved, resulting in greater insurance premium discounts for property owners in the floodplain.
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