The Community Rating System (CRS) is a program administered by the Federal Emergency Management Agency. It provides lower insurance premiums under the National Flood Insurance Program. The premium reduction is in the form of a CRS Class, similar to the classifications used for fire insurance. A Class 1 provides a 45% premium reduction. A Class 10 provides no reduction. The CRS Class is based on the floodplain management activities a community implements. In many cases, these are activities already implemented by the community, the state, or a regional agency. The more activities implemented, the better the CRS class.
The Town of Provinctown has obtained a Class 9 standing which affords the community a 5% reduction in flood insurance for the community. Continued efforts are being made to increase the Town's standing with the CRS program to achieve higher insurance rate reductions now and into the future.