METAIRIE, La. —
Jefferson Parish announced Wednesday that residents will see a 35% reduction in their flood insurance premiums after the parish saw an improved flood rating. Advertisement
The reduction in rates will begin Oct. 1 after the National Flood Insurance Program Community Rating System changed the parish's rating from a Class 5 to a Class 3 designation.
Parish leaders said the new rating makes Jefferson Parish the first Class 3 area in Louisiana and one of only 11 nationwide.
The 35% premium reduction will automatically be applied upon renewal for impacted policyholders.