Homeowners Save By Correcting Flood Zones,” a consumer education and awareness video that encourages homeowners to be proactive in the protection of their assets.”Many homeowners and commercial building owners are being forced to buy flood insurance,” states Dan Freudenthal, President of Flood Zone Correction, Inc. “We’ve found that 90% of them should be able to choose a level of coverage that best meets their needs and budgets instead of an amount dictated by their mortgage companies.

Throughout the United States, many low flood risk property owners are being required to pay for high flood risk coverage. Flood insurance requirements imposed by mortgage companies are reasons the vast majority of American homeowners and businesses paid approximately $1.8 billion to maintain more than 4.5 million flood insurance policies in 2002. A review of FEMA (Federal Emergency Management Agency - the government body that oversees the National Flood Insurance Program, “NFIP”) statistics points to the inequity of NFIP receipts and claim payments.

American consumers and businesses paid in 2002, the NFIP paid out an annual average of $500 million in claim payments over a 24-year period (1978-2002). Many communities such as Weston, FL saw the cost of 2002 premiums reach $2 million, yet according to the NFIP, over this same 24-year statistical period Weston filed nine claims of which there have been two claim payments for a total of $18,000.00. Flood Zone Correction, Inc., urges all property owners to conduct a flood risk analysis, a comprehensive examination of homes or buildings within FEMA-designated Special Flood Hazard Areas (SFHA).

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