Real Estate Agents Nationwide

1. Do you have a listing that has been determined to be a flood zone?

2. Has you buyer just discovered that their mortgage company is requiring flood insurance? Can they afford the extra $$  Do they want to pay the extra $$ 

3. Have your ever had a sale fall through due to a flood zone determination, the  flood insurance requirement, and associated cost of insurance?

If you have answered yes to any of these...Read on

Your client is required to carry flood insurance because it has been determined that at least a portion of their 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 insurance should not be required.

They 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 closing you may loose, it's your clients money being wasted, and it is their money they will save each year. 

The 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 each year. 

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. Also some lending programs do not allow the purchase of a home in a SFHA.

We can help you change this...

Since 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 the pre approved cases we submit to FEMA for a flood zone change are approved by them.

Are you ready for the solution...

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. Is your client one of these?

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 customer's 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 customer would like to close 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 paid for as long as the policy is a  NFIP policy and no claim is 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 their insurance agent and decide which option is best for them. Either way they save each year and you save your sale. 

The end result is our service may not cost your customer anything. Your customer saves money each year. Also, the value of their property has increased. You can bet they will tell all their friends about how smart their Real Estate Professional is and how you saved them from the cost of flood insurance.

What would they do with an extra $20,000.00?


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