1. Do you have clients that disagree with the requirement for flood
insurance on their property and feel that it is a waste of
money since their property has never flooded?
2. Did you request an elevation certificate from them
in order to write their NFIP policy? If not find out why you should
3. Would you like a devoted client for
If you have
answered yes to any of these...Read on
client is required to carry flood insurance because it has been determined that at least a portion of
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 insurance should not be required.
Your client has the right to dispute the flood zone
determination and have it changed if it is wrong. Be proactive
and get informed. It's your clients
money being wasted, and it is their money they will save each year by correcting
the flood zone designation.
average cost for a single family flood insurance policy is
$500.00 annually. During the term of a mortgage $20,000.00 can easily
be spent on flood insurance premiums when
you take into consideration that the amount of premium due will increase
The fact is that not only are
property owners wasting a
considerable amount of money, but in addition, 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. This
is due to the flood zone designation and the additional cost
associated with owning the property.
We can help your clients change this...
1986 the professionals at Flood Zone Specialists, Inc.
have successfully represented property owners with
flood zone changes and saved them millions of dollars in wasted
premiums. 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
for our clients. Because we carefully assemble and review each
case we are able to predetermine the outcome of each case we evaluate. Only those
cases that have received our pre approval are submitted to FEMA final
review and approval.
100% of our pre approved cases we submit to FEMA for a flood zone change
are approved by them.
Are you ready to
help your clients??
The fist step is to let the Flood Zone Specialists
provide you with a free evaluation of the property and
the current flood zone. We have determined that over 60% of the
flood zones nationwide are incorrect and can be changed.
Once we have reviewed the 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 the flood zone change on your clients
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.
If your client would like to close on a loan prior to issuance
of the final approval from FEMA they may do so. They will be
required to purchase the flood insurance in order to close. However
once the final approval is issued by FEMA they are entitled to a
full refund of the flood insurance premium for the current
year they have already paid for as long as the policy is
a NFIP policy and there has been no claim filed. Or if they choose they can obtain a preferred
risk policy with the amount of coverage they would like rather than
the full amount of their mortgage. When making their decision
regarding their flood insurance policy they should consult with you,
their insurance agent, and decide which option is best for them.
Either way they save money each year!!
The end result is our service may not cost anything. Each year forward, your client saves. Also, the value of their property has increased. You can bet they will tell all their friends what a great insurance agent you are. One that actually looked out for their best interest and saved them money!!
What would they do with an extra $20,000.00?