Sugar Land - Missouri City Edition | September 2021

INSURANCE INCREASES

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MUSTANG BAYOU

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On Oct. 1, Risk Rating 2.0 will go into effect, increasing flood insurance rates for 77% of National Flood Insurance Program policyholders.

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99 TOLL

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“THE NEWMETHODOLOGY WILL FUNDAMENTALLY CHANGE THEWAY INSURANCE PREMIUMS ARE CALCULATED ANDMAY INCLUDEMAKING FLOOD INSURANCE MANDATORYFORPROPERTIES PROTECTEDBY LEVEES—EVEN IF THEYARE ACCREDITED.” JESSIE LI, SUGAR LAND CITY ENGINEER

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64,584 Total NFIP policyholders in Fort Bend County

BRAZOS RIVER

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at Long Point Creek—which are funded through the 2019 bond. That project aims to improve the channel and create additional easements, officials said. “[We are] not just sitting, but we’re trying to do proactivelymore projects,” Kumar said. Risk Rating 2.0 While city and county officials are working to make improvements to mitigate flooding, Texas residents who Scope: The project will improve erosion control and will include channel repairs. Timeline: TBD Cost: TBD Funding sources: 2019 bond and neighboring LIDs DITCH H

insure their properties through the National Flood Insurance Program will soon be subject to a cost increase. FEMA said in April it will be implementing a new methodology to determine a property’s flood risk. Dubbed Risk Rating 2.0, the change will go into effect Oct. 1, increasing flood insurance rates for 77% of NFIP policyholders, FEMA estimated. In Fort Bend County, more than 95% of the 64,584 NFIP policyholders will see a price increase, Sugar Land Scope: This project proposes the construction of a regional detention pond, as well as channel improvements to reduce flooding. Timeline: TBD Total cost: Initial funding will be $5M Funding source: 2019 bond MUSTANG BAYOU

More than 61,000 policyholders (95%) will see an increase.

SOURCES: CITY OF SUGAR LAND, FEDERAL EMERGENCY MANAGEMENT AGENCY, CITY OF SUGAR LAND/COMMUNITY IMPACT NEWSPAPER

officials said in a news release. Risk Rating 2.0will go into effect Oct. 1 for newflood insurance policyholders and April 1, 2022, for renewed policies. While prices are expected to increase, it is federally mandated that a flood insurance premium cannot go up by more than 18% per year, FEMA said. Additionally, flood insurance policies take 30 days to go into effect, so any policy bought after Sept. 1 will not qualify for being grandfathered in. Both Sugar Land and Missouri City

have publicly voiced their opposition to the change. “The new methodology will fundamentally change the way insurance premiums are calculated and may include making flood insurance mandatory for properties protected by levees—even if they are accredited,” Li said in an email.

For more information, visit communityimpact.com .

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SUGAR LAND - MISSOURI CITY EDITION • SEPTEMBER 2021

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