|By Marketwire .||
|October 31, 2012 08:07 AM EDT||
DELRAY BEACH, FL -- (Marketwire) -- 10/31/12 -- AmeriFlood Solutions, Inc. (AFSI), a national risk management company specializing in flood risk evaluation, reminds commercial property owners that not all flood risk is equal. The prevention of loss, protection of real estate assets and impact upon net operating income require a greater understanding of flooding, one of the most complex of property perils. AFSI's complimentary Flood Risk Evaluation (FRE) is an invaluable tool and identifies the true flood risk of insured structures in Federal Emergency Management Agency (FEMA)-designated Special Flood Hazard Areas (SFHA).
"For commercial property owners and the insurance agents, brokers or risk management consultants working on their behalf, to rely solely on a FEMA Flood Insurance Rate Map (FIRM) to calculate coverage is troublesome," states Michael Allison, vice president of AFSI. "The map-based approach designates communities, not individual structures and given climate patterns, environmental influences and FEMA's expanded authority to map additional areas of risk such as those in the proximity of levees, dams and other flood control systems; an erroneous flood zone designation impedes fiscal management and growth."
The best practice for flood risk management is an annual review to determine the true flood risk of each insured structure in the SFHA. Reviews, such as AFSI's FRE, penetrate the boundaries of the SFHA to examine characteristics unique to an insured structure and analyze factors such as area drainage patterns, flood control maintenance, area construction and recent weather events such as Hurricane Sandy. The results are beneficial and allow a property owner in an erroneous low-moderate risk flood zone to purchase coverage before a loss occurs or a property owner in an erroneous high-risk flood zone, which is subject to the National Flood Insurance (NFIP) purchase requirement, to re-allocate funds to increase value, finance improvements and enhance the bottom line. This proactive strategy can limit exposures, minimize loss, decrease operating costs and provide the opportunity to obtain flood coverage commensurate with actual risk.
For a complimentary Flood Risk Evaluation, call 561-922-9735 or visit AFSI online: www.amerifloodsolutionssaves.com.
About AmeriFlood Solutions, Inc.
AmeriFlood Solutions, Inc. (AFSI) is a risk management company serving property owners throughout the United States who are required to purchase flood insurance by their respective lenders.