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For Immediate Release
Contact: Gay O’Brien
561/616-8443, ext. 119

Flood Zone Correction, Inc. (FZC), Educates Florida Property Owners and Professionals About Flood Risk

(October 27, 2004 – West Palm Beach, FL) – Flood Zone Correction, Inc. the nation’s first flood zone correction company, announces its November outreach schedule to educate Florida property owners and professionals about the impact of flood risk on flood insurance decisions and flood insurance premiums.

Events in the Flood Zone Correction, Inc. schedule include a diversity of programs to encourage property owners to be proactive in the protection of their assets. Most events require reservations and some may include entry fees. At all events, attendees can register for the company’s free flood risk analysis, a comprehensive examination of homes or buildings within Federal Emergency Management Agency (FEMA) designated SFHA’s (Special Flood Hazard Areas). The analysis will either underscore the need for a lender’s flood insurance requirement or provide an indication that the flood insurance requirement should not exist. The analysis helps the property owner understand a property’s exposure to flooding.

“Our educational commitment to property owners is three-fold,” states Dan Freudenthal, president of Flood Zone Correction, Inc. He continues, “First, understand a property’s true flood risk; second, correct the flood zone classification if it is wrong; and third, adjust the flood insurance coverage to match the true flood risk, saving money long term and improving the value of the property. Outreach events allow us to disseminate this message where the rubber meets the road and among those who directly and indirectly make important decisions about flood insurance.”

Florida property owners purchase over 1.8 million flood insurance policies through the National Flood Insurance Program (NFIP) at a cost of more than $616 million every year. Over the 25-year period (1978-2003) tracked by FEMA, Florida’s yearly claim payments average $61 million. That’s 11 cents back on every dollar of flood insurance premium paid and a big discrepancy between what Florida puts into the NFIP and what Florida receives from the NFIP.

Flood Zone Correction, Inc.’s November outreach events are as follows:

November 1, 2004, 7:30pm, 15601 Silver Shores Blvd., Miramar, Florida: FZC’s Client Service Representative, Michael Cole will address members of the Silver Shores Homeowners Association. The meeting is free and open to all owners in this 1,249-home development. For more information, call area code 954-443-4923.

November 8, 2004, 7:00pm, 8625 SW 124 Avenue, Miami, Florida: FZC’s Dan Freudenthal will deliver a presentation entitled “High-Risk Flood Zone Determinations – They’re Just Not Fair!” at the Kendall Federation of Homeowner Associations’ Town Hall Meeting. The Kendall Federation of Homeowner Associations is a non-profit coalition of more than 100 homeowner and condominium associations and individuals. For more information, call the Federation at area code 305-386-1212.

November 9, 2004, 11am, Sheraton World Resort, Orlando, FL: FZC’s Dan Freudenthal will lead a workshop for the Florida Association of Homes For The Aging (FAHA) on the topic of flood zone correction. FAHA is a non-profit organization with more than 500 members, including approximately 300 retirement housing communities, assisted living facilities, continuing care retirement communities, and nursing homes. For more information, including registration guidelines, contact FAHA at area code 850-671-3700.

November 16, 2004, 6:00pm, Flemings Restaurant, 8511 SW 136th Street, Miami, FL: FZC’s Dan Freudenthal will deliver the presentation, High-Risk Flood Zone Determinations – They’re Just Not Fair!” at the monthly meeting of the Attorneys Real Estate Council of Miami-Dade County, Inc. (AREC). This presentation has been approved for continuing legal education credit. For more information, call Ira Price at (305) 670-3030.

November 18 – 21, 2004, Fort Lauderdale Home Design and Remodeling Show at the Broward County Convention Center, 1950 Eisenhower Boulevard, Fort Lauderdale, FL. Flood Zone Correction, Inc. will have a booth (#1903-04) at one of South Florida’s largest events for homeowners. Visitors to the Flood Zone Correction Booth can enter to win tickets to the Florida tour stop of the Broadway musical “Hairspray,” courtesy of Comcast Cable. Admission is $8 for an adult and $1 for a child. For more information call Home Show Management at 305-667-9299.

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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The experience of previous and current storm seasons underscores the importance of flood risk awareness. Now, more than ever, property owners must protect their assets and be mindful of a program in dire need of reform.

Legislative hearings on the administration of the National Flood Insurance Program revealed many problems. Not only is the program in debt, but also the vast majority of the nation’s flood maps are inaccurate and the program benefits a small percentage of policyholders who own properties that are truly at high risk of flooding. In other words, the majority of low-risk property owners forced to buy high-risk flood insurance are paying premiums to subsidize primarily repetitive loss properties and a seriously flawed program.

We deserve a program that is fair to all property owners in all flood risk categories.
 
 
 

When a main river or canal approaches flood stage, a floodgate failure prohibits water flow to reservoirs, streams or levees, causes water levels to rise in main rivers and canal channels and prevents the flow of water into a flood bypass or detention basin. Accumulating storm debris also hinders the proper operation of floodgates and canals. The impact of such failures can be devastating to both life and property especially following a tropical storm or hurricane....
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