Flood Zone Correction, Inc., the nation’s first flood zone correction company, urges all property owners to take a moment during the new year to evaluate the flood risk of their property, correct the flood zone classification if it is wrong and to adjust their flood insurance coverage to meet their needs and budgets. Doing so creates educated flood insurance customers, improves the value of properties and saves money.

The mortgage companies do not evaluate all of the flood risk characteristics of a property before determining whether or not the property is in or out of a flood zone. “There is a significant inequity inherent to the National Flood Insurance Program (NFIP), which, whether intentional or not, misleads millions of property owners into thinking that their homes and buildings are at high-risk of flooding when NFIP regulations ensure that they are not,” states Dan Freudenthal, president of Flood Zone Correction, Inc.

The NFIP forces its flood plain regulations on communities in exchange for making flood insurance available to the communities’ property owners. This is a fair trade, and it forces local communities to be proactive in mitigating losses resulting from floods.” During 2003 (the most recent NFIP statistics available), consumers and companies, including condominium associations, purchased more than 4.4 million flood insurance policies through the NFIP at a cost of nearly $2 billion.

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