1. Has your community been determined to be in a flood
zone forcing the Condo Association and the
individual unit owners to carry flood insurance?
2. Do the unit owners association fees pay for the flood insurance
for the common buildings?
3. Would they like to reduce flood insurance premiums
or eliminate them entirely?
4. Are the Condo Association and
individual unit owners paying for unwanted flood insurance.
If you have answered yes
to any of these... Read On!!
are required to carry flood insurance because it has been determined that at least a portion of your
is located in a SFHA
with a 1% annual chance of flooding. The federal government
requires flood insurance on properties located in a SFHA
unless the flood zone is changed or clarified by FEMA. In
at least 60% of the cases we have reviewed the flood zone determination
was wrong and flood insurance should not be required.
have the right to dispute the flood zone
determination and have it changed if it is wrong. Be proactive
and get informed. It's your community's money you are wasting!! And it is
your community's money you will save each year.
Not only is flood insurance
very costly with the average unit owner paying $500.00 annually in
premiums but the fact is that in addition to wasting a
considerable amount of money, properties that have a
flood zone designation attached to them are harder to sell and
do not bring the full potential value when they are sold.
is due to the flood zone designation and the additional cost
associated with owning the property.
We can help you change this...
1986 the professionals at Flood Zone Specialists, Inc.
have successfully represented Condo Associations with
flood zone changes and saved them millions of dollars in wasted
premiums annually. Our extensive contact network with FEMA and knowledge
of the procedures and requirements for a flood zone change
enable us to obtain flood zone changes. Because we carefully assemble and review each
case we are able to predetermine the outcome on the cases we evaluate. Only those
cases that have received our pre approval are submitted to FEMA final
review and approval.
100% of the pre approved cases we submit to FEMA for a flood zone change
are approved by them.
Our services are offered on a flat fee basis. Once your flood zone change is approved you are entitled to a full refund of any NFIP policy premiums paid for the current year. Your refund generally covers our fee so the cost to you is absolutely nothing. From then on it is money in the bank for the association and the unit owners each year!!
you ready to start saving??
The fist step is to let the Flood Zone Specialists
provide you with a free evaluation of
your property and the current flood zone. We have determined that
over 60% of the flood zones nationwide are incorrect and can be
changed. Is your community one of these?
Once we have reviewed your case file and have
determined if the flood zone on the property can be changed we will
contact you with our determination. If we have determined that the property can be removed from the flood zone successfully our next
step is to petition FEMA for a flood zone change on your behalf.
Only those cases that we have pre approved are forwarded to FEMA for
final review and approval. We maintain a 100% approval rate on the pre approved cases we
submit to FEMA. The process takes approximately 4-8 weeks from
the date of submission.
Once the final approval is issued by FEMA you are
entitled to a full refund of the flood insurance premium
that has been paid
for the current year as long as the
policy is a NFIP policy and no claim has been filed. Or if the
community chooses they can obtain a
preferred risk policy with the amount of coverage they would like. When making
a decision regarding the flood insurance policy changes consult with your
insurance agent and decide which option is best for the community.
Either way the association and the unit owners save each year.
The end result is our service may not cost you anything. Each year forward, the condo association and the unit owners save. Also, as a bonus the value of the property in your community has increased.
What would your community do with the extra $$$