After years of flood insurance rate hikes, Jefferson Parish residents will soon see an extra 10% discount on the price of their policies, now that the parish has notched the best flood rating in the state, officials announced Wednesday.

Residents of unincorporated Jefferson Parish will receive a 35% flood insurance discount under the new Class 3 rating from the National Flood Insurance Program’s Community Rating System , up from the current discount of 25% under the previous Class 5 rating.

Communities that implement flood mitigation measures, like storm-resilient building codes, building elevation requirements and watershed management plans, are eligible for greater discounts.

Jefferson officials estimate the program will save residents over $12 million a year on their flood policies

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