The City of Largo participates in the National Flood Insurance Program's (NFIP's) Community Rating System (CRS) program to lower Flood Insurance rates for Largo residents. The NFIP CRS is a voluntary incentive program to recognize communities for implementing floodplain management practices that exceed the Federal minimum requirements of the NFIP to provide protection from flooding. In exchange for a community's proactive efforts to reduce flood risk, policyholders can receive reduced flood insurance premiums for buildings in the community.