1. Has your community been determined to be in a flood
zone forcing the Homeowners Association and the
individual homeowners owners to carry flood insurance?
2. Do the individual homeowners association fees pay for the flood insurance
for the common buildings?
3. Would the association and homeowners like to reduce
the cost of flood insurance flood insurance premiums
or eliminate them entirely?
If you have answered yes
to any of these... Read On!!
are being required to carry flood insurance because it has been determined that at least a portion of your property
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 money you are wasting!! And it is
your money you will save each year.
Not only is flood insurance
very costly with the average homeowner 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 Homeowners Associations and the residents
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 of 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. This
amount generally covers our fee so the cost to you may be absolutely nothing. From then on it is
money in the bank for the association and the homeowners each
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 wrong 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 your property can be changed we will
contact you with our determination. If we have determined that your
property can be removed from the flood zone successfully our next
step is to petition FEMA for the 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
you have paid
for the current year as long as the
policy is a NFIP policy. Or if you choose you can obtain a
preferred risk policy with the amount of coverage you would like
rather than the full amount of your mortgage. When making your
decision regarding your flood insurance policy changes consult with your
insurance agent and decide which option is best for you.
Either way you save each year.
The end result is our service may not cost you anything. Also, as a bonus you have increased the value of the property.
What would your community do with the extra $$$