(November 8, 2004 – West Palm Beach, FL) – Flood Zone Correction, Inc. the nation’s first flood zone correction company, will host an exhibit at the Fort Lauderdale Fall Home Design and Remodeling Show, November 18 through November 21, 2004, at the Broward County Convention Center, 1950 Eisenhower Boulevard (Fort Lauderdale, FL).
The Fort Lauderdale Fall Home Design & Remodeling Show displays the latest in home improvements, décor and services for Florida homeowners. The four-day event anticipates an attendance of more than 100,000 persons. The admission price is $8 for adults and $1 for children under age 11.
Flood Zone Correction, Inc. invites residential and commercial property owners to visit Booth #1903-04 to learn how they can save money, improve the value of their homes and buildings, and become educated flood insurance consumers. They can also sign up for a 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. Flood Zone Correction, Inc. will also welcome entries for a ticket package drawing for the Florida performance of “Hairspray,” coming January 6-14, 2005, to the Broward Center for the Performing Arts (Fort Lauderdale, FL).
“The Fort Lauderdale Home Design and Remodeling Show is a great opportunity to encourage homeowners to be proactive in the protection of their assets,” states Dan Freudenthal, president of Flood Zone Correction, Inc. Freudenthal continues, “Throughout Florida, many low flood risk property owners are being required to pay for high risk flood insurance. Ninety-percent (90%) of the high risk flood zone designations we’ve evaluated reveal property owners should be able to choose a level of flood insurance coverage that best meets their needs instead of being forced to buy an amount of flood insurance dictated by their mortgage companies. We’d like them to know that they have options and can turn to a company that does more than rely on a single factor to determine flood risk.”
Floridians purchase over 1.8 million flood insurance policies through the NFIP (National Flood Insurance Program) at a cost of more than $616 million every year. Yet, over a 25-year period, the NFIP’s annual Florida claim payments average $61 million. That’s 10 cents back on every dollar of flood insurance premium paid and a big discrepancy between what Florida policyholders put into the NFIP and what Florida policyholders receive from the NFIP.
Removing unwarranted flood insurance requirements saves homeowners $300 to $500 every year. That adds up to $9,000 to $15,000 over the course of a 30-year mortgage!
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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