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Flood Insurance

  • Published
  • Updated
  • by Public Works

Insurance Facts You Should Know

  • Any property is eligible for flood insurance, regardless if it is in a floodplain. Renters can purchase insurance for their belongings, even if the owner does not buy structural coverage.
  • Due to the City’s participation in the Community Rating System (CRS), Arvada residents are eligible for a discount on insurance premiums.
  • Generally, there is a 30-day waiting period from the time a policy is purchased until you are covered, with the following exceptions:  If you have an existing flood insurance policy and the coverage is increased; when flood insurance is required as a condition of a loan; and when an additional amount of flood insurance is required as a result of a flood map revision.

For people living in areas that are prone to floods, purchasing flood insurance can be a huge burden.  The City joined the federal National Flood Insurance Program (NFIP) in 1972 and has participated in the Community Rating System (CRS) since 1991. The NFIP and CRS provide flood protection through increased awareness of flood hazards and minimum floodplain development design standards. CRS provides a discount in flood insurance premiums to participating communities based on credit points given for a wide range of floodplain management activities.  The total amount of points determines a class rating and the amount of the discount.

The City of Arvada has been recognized as a Class 5 Community in the CRS, resulting in a 25% discount on flood insurance premiums for our citizens.  Currently, there are 542 flood insurance policies in Arvada.  Participation in the CRS program saves these policy holders $91,374 each year.

The City of Fort Collins, Colorado is the only Colorado city that ranks higher than 5.  Nationwide, less than 4% of participating CRS communities rank higher than Arvada.

Arvada realizes additional benefits by participating in the Community Rating System, including:

  • CRS floodplain management activities provide enhanced public safety, a reduction in damage to property and public infrastructure, avoidance of economic disruption and losses, and protection of the environment.
  • Arvada can evaluate the effectiveness of its flood program against a nationally recognized benchmark.
  • Arvada benefits by having an added incentive to maintain its floodplain management program over the years.  Weakening of regulatory requirements could result in a lower class rating and lower discount.




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