Final answer:
Communities can lower flood insurance rates by implementing flood barriers, enforcing building codes, joining the CRS, and conducting flood risk assessments. Creating or conserving wetlands is also an effective natural flood protection strategy.
Step-by-step explanation:
Communities can help residents get lower flood insurance rates through several methods. Implementing flood barriers such as levees and seawalls can protect against storm surges and flooding. Furthermore, enforcing strict building codes ensures structures are more resistant to flood damage. Another effective approach is joining the Community Rating System (CRS), a program that rewards communities with lower insurance premiums for taking steps to reduce flood risks. Additionally, conducting regular flood risk assessments allows communities to plan and respond to potential flood scenarios more effectively.
It's also beneficial to consider the adaptation strategy of creating or conserving wetlands, which serve as a natural buffer against flooding. These combined efforts not only safeguard the community but also provide economic relief through reduced insurance costs.