(March 9, 2004 – West Palm Beach, FL) - Flood Zone Correction, Inc. the first company in the country to specialize in flood zone correction, announced the release of “Homeowners Save By Correcting Flood Zones,” a consumer education and awareness video that encourages homeowners to be proactive in the protection of their assets.
“Many homeowners and commercial building owners are being forced to buy flood insurance,” states Dan Freudenthal, President of Flood Zone Correction, Inc. “We’ve found that 90% of them should be able to choose a level of coverage that best meets their needs and budgets instead of an amount dictated by their mortgage companies. This video empowers homeowners and commercial building owners with options that most don’t even know that they have.”
Throughout the United States, many low flood risk property owners are being required to pay for high flood risk coverage. Flood insurance requirements imposed by mortgage companies are reasons the vast majority of American homeowners and businesses paid approximately $1.8 billion to maintain more than 4.5 million flood insurance policies in 2002.
A review of FEMA (Federal Emergency Management Agency - the government body that oversees the National Flood Insurance Program, “NFIP”) statistics points to the inequity of NFIP receipts and claim payments. Compared to the $1.8 billion American consumers and businesses paid in 2002, the NFIP paid out an annual average of $500 million in claim payments over a 24-year period (1978-2002). Many communities such as Weston, FL saw the cost of 2002 premiums reach $2 million, yet according to the NFIP, over this same 24-year statistical period Weston filed nine claims of which there have been two claim payments for a total of $18,000.00.
Flood Zone Correction, Inc. urges all property owners to conduct a flood risk analysis, a comprehensive examination of homes or buildings within FEMA-designated Special Flood Hazard Areas (SFHA). The analysis will underscore the need for a lender’s flood insurance requirement or provide an indication that the flood insurance requirements should not exist. Removing unwarranted flood insurance requirements saves homeowners $300 to $500 every year. That can add up to $12,000 to $15,000 over the course of a 30-year mortgage!
Produced by DWJ Television on behalf of Flood Zone Correction, Inc, the video features South Florida homeowner Steven Clein (Weston, FL), Brad Loar, Mitigation Specialist – FEMA (Atlanta, GA Regional Office) and Dan Freudenthal. DWJ Television will distribute the video, which includes sound bites and additional footage, to television newsrooms throughout the United States. DWJ will facilitate a special satellite feed Tuesday, March 16, 2004, 2:30PM-2:45PM EST (Telstar 6, C-Band, Transponder 11V, Channel 11, downlink frequency 3920 MHz, Audio 6.2 and 6.8), and will honor requests for hard copies (contact Maureen Parenta, 1-800-766-1711, x239 or mparenta@dwjtv.com) for a limited time. Consumers can also view the video on the Flood Zone Correction, Inc. website: www.floodzonecorrection.com
About Flood Zone Correction, Inc.
Flood Zone Correction, Inc. headquartered in West Palm Beach, FL, is an advocate for consumers and commercial building owners throughout the country, promoting fairness in the evaluation of flood risk and the imposition of insurance requirements. Since its founding in 2001, Flood Zone Correction, Inc. has successfully reclassified over 90 percent of the residential and commercial properties evaluated, saving clients millions of dollars and adding tens of millions of dollars to property values. Flood Zone Correction offers free flood risk analyses to residential and commercial property owners (1-877- Flood Zone).
About DWJ Television Inc.
DWJ Television is one of the nation’s top broadcast public relations companies, pioneering the use of video news releases, satellite media tours and digital video delivery. Since 1970, DWJ’s full service production expertise has built a national and international client roster that includes American Express, Exxon Mobil, AT&T, IBM, Nokia, Nabisco, Prentice Hall, Merck and more.
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For a copy of “Homeowners Save By Correcting Flood Zones,” press kit or interview with Dan Freudenthal, president of Flood Zone Correction, Inc. contact Gay O’Brien at 561-616-8443, ext. 119 or email gobrien@floodzonecorrection.com
