Flood Zone Correction, Inc. Warns Property Owners:
Beware of Floodgate Failures      

(June 8, 2006 – West Palm Beach, FL) – As the 2006 storm season gets underway, Flood Zone Correction Inc. (FZC), the nation’s first flood zone correction company, urges all property owners to know their true flood risk to ensure their homes and buildings are adequately insured and to efficiently allocate their insurance dollars.

“Now’s the time to review your insurance policies,” states Dan Freudenthal, president of Flood Zone Correction, Inc. He continues, “Property owners at high risk of flooding may want to secure additional flood coverage, whereas property owners at low risk of flooding may benefit from reallocating their flood premium dollars to high windstorm deductibles, debris removal and new landscaping after devastating weather events.”

Recent legislative hearings on FEMA’s administration of the National Flood Insurance Program reveal that the vast majority of the nation’s flood maps are inaccurate. Says Freudenthal, “Over 90% of the high-risk flood zone designations we’ve reviewed were wrong. Excluding the New Orleans levee system failure, experts attribute the majority of 2004 and 2005 hurricane damage to wind, not flooding.”

“With insurance premiums rising rapidly and limited dollars for such expenditures, property owners must scrutinize their risk more closely than ever before to make wise budget decisions,” Freudenthal notes. The process of flood zone correction empowers property owners by educating them about their true flood risk and giving them the right to reallocate their flood insurance dollars as they deem most beneficial. FZC offers a free flood risk analysis to residential and commercial property owners, as well as, condominium associations, currently designated in high-risk flood zones.

Consumers and companies should further scrutinize these requirements on the basis of claims and claim payments.  Over a 25-year period, property owners in the United States have filed approximately 1.2 million claims, with 901,000  claim pay-outs for a total of $12 billion. That’s a discrepancy between the $1.8 billion consumers and companies annually put into the NFIP and the $490 million annual average that they receive in NFIP claim payments.  These statistics are strong indicators that many homes and buildings were built responsibly to protect against catastrophic flood events, and therefore, should not be in the SFHA. If your home has been free of flood damage since you’ve lived there, it probably does not belong in the SFHA.

Consumers and companies should further scrutinize these requirements on the basis of claims and claim payments.  Over a 25-year period, property owners in the United States have filed approximately 1.2 million claims, with 901,000  claim pay-outs for a total of $12 billion. That’s a discrepancy between the $1.8 billion consumers and companies annually put into the NFIP and the $490 million annual average that they receive in NFIP claim payments.  These statistics are strong indicators that many homes and buildings were built responsibly to protect against catastrophic flood events, and therefore, should not be in the SFHA. If your home has been free of flood damage since you’ve lived there, it probably does not belong in the SFHA.

Flood Zone Correction, Inc. headquartered in West Palm Beach, FL, is an advocate for residential and commercial building owners throughout the country, promoting fairness in the evaluation of flood risk and the imposition of flood 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. For more information, visit the company’s website at www.floodzonecorrection.com or call (877) Flood Zone (877-356-6396).

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