assessment

Flood Risk America Saves a Hotel!!

Commercial Real Estate

Commercial Real Estate

 

A large commercial real estate owner had a Hotel on the water, paying $105,000 for flood insurance. 

Flood Risk America provided a complimentaryVulnerability Assessment, demonstrating how flooding and storm surge would affect the hotel, as well as incorporating the investigation of historical flooding. Flood Risk America then confirmed, from the Vulnerability Assessment,how the hotel could avoid future flood losses. 

FRA installed flood panels on the ground floor lobby to protect the elevators and lobby from avoiding a flood loss. FRA then went back to the insurance carrier and provided a customized flood mitigation plan for the Hotel. The insurance carrier then reduced the flood premium by $76,000.  

 

o  Cost of current annual flood premium:                         $105,000

o  Current savings with flood mitigation plan:                  $76,000

o  New current flood premium:                                         $29,000

 

“We saved hotel $76,000 on their Flood Insurance Premium.”
— Flood Risk America

 

 

To obtain a complimentary flood vulnerability assessment or to learn more about our services call Stephen Gill:

561-578-4220 or email  sgill@floodriskamerica.com

It's Peak Hurricane Season, Are You Prepared?

Hurricane Season

Hurricane Season

With the formation of Hurricane Gordon and Hurricane Lane within the last week and rain falling hard on your Labor Day weekend, have you thought about the “what if” of hurricane season? With active numbers reaching in the peaks of September and October, it’s better to be safe and protected, than last minute shopping at your local hardware stores to ineffective methods of flood protection. Most people think about the bottles of water and canned goods that they need, but most do not talk about their flood safety plan or make sure that their existing flood protection methods have adequate seals and gaskets. 

At Flood Risk America, we want to make sure that you are protected. We offer flood vulnerability assessments to pre and post constructed buildings, create safety plans, and suggest the most effective flood protection needs for your residential home or commercial properties. We have a multitude of different flood protection products and services, and customize FRA flood panels to the size and thickness that best fits your individual requirements based on a flood risk assessment. By using our products and services, you not only become protected during a storm, but you have the chance to lower your flood insurance premiums and deductibles. 

We have a team of flood experts, architects, and engineers offering 24/7 assistance and customer service to best serve you.  Education is beyond important to us, so ask us about our flood mitigation-training program and online webinars. 

For more information, visit www.floodriskamerica.com 

Preparation For a Flooding Emergency: Step 1 UnderstandingYour Risk, Vulnerability Assessment

Preparation For a Flooding Emergency: Step 1 UnderstandingYour Risk, Vulnerability Assessment

Be prepared this hurricane season. Understand your risk with a vulnerability assessment.

Preparation for Flooding Emergency Step 1: Understanding Your Risk, Flood Risk Assessment

Flooding is devastating and is becoming a larger threat each year. With global warming, different weather patterns, and inaccuracy of flood maps, we must have a set plan in place to prepare for Mother Nature’s most common disaster.   There are 5 steps that will help you to prepare. The first step begins with determining your flooding risk.

Your community officials or local emergency management offices are a great resource to learn about the history of flooding for your region. Ask whether your property is in the floodplain and if it is above or below the flood stage water level. Flood Insurance Rate Maps (FIRMs) are what are used to determine your flood risk. If these have proved inaccurate in the past, or you feel the flood insurance is higher than expected for your given area, make sure to contact a highly trained company who specializes in flood prevention assessment and flood map modeling.

Flood risk assessments are available to show you historical flooding on your property and information about flooding in a 100-year storm. If you are building or own a commercial property, more in-depth assessments are available to show you modeling in a 1-5 hurricane and storm surge for each year, along with a detailed report assessing your flooding risks.  

 

For more information, contact Flood Risk America at 561-578-4220 or visit www.floodriskamerica.com

 

Company Launches New Product That Will Change Building Design & Flood Industry

Flood Risk America has designed a new flood mitigation product called the EZ Flood Panel. It uses patented, sustainable flood seal technology to protect elevators, windows, control room doors, and lobbies against rising floodwater. This device creates a sealed barrier around the desired subject, preventing water from entering. Each panel is designed specifically for a customized fabrication to meet individual installation requirements and custom shaping and contouring to meet job specific demands. It is both easy to install and remove, taking less than ten minutes. 

The EZ Flood Panel is durable, lightweight, corrosion resistant, cost-effective, and designed to withstand more than 13,000 PSI, unlike anything else in the industry.  It was developed with technology utilized in aerospace, marine, transportation, and can withstand harsh saltwater environments. 

The EZ Flood Panel will work on new construction site properties or existing structures. It has been rigorously tested, comes with a guaranteed lifetime warranty, environmentally friendly, and is made in the United States. Flood Risk America is proud to announce that it is the Only insurance certified flood protection panel in the market.

Product Benefits:

·      FEMA Compliant

·      ISO Certified 

·      Insurance Industry Certified

·      Lower Insurance Premiums

·      Lower Insurance Deductibles

·      Better Coverage Limits

·      Cost-Effective

·      Federal Grant Assistance

·      No business interruption

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One Company's Solution to Repetitive Loss Claims

One Company's Solution to Repetitive Loss Claims

Nationwide, 11,000 repetitive loss properties dot coastal zones or other low-lying areas with their numbers continuingly increasing. This rise is in part because of the effects of climate change and ongoing development. Flood Risk America is a company dedicated to decreasing these numbers.

Avoid Flood Exposure to Your Elevators and Essential Equipment

Consequences of flooding on elevators and valuable assets can devastate a facility’s ability to function and can also cause loss of business and interruption to both the clients and owners. In various instances, many facilities could not function for long durations because essential equipment was placed in basements, sub-basements, or ground floor levels that flooded. In some cases, components of vital systems were elevated well above the floodwaters, while other elements such as transformers, transfer switches, fuel tanks, pumps, etc., were placed at lower levels, leaving them susceptible to flooding and the elevators and essential equipment in the control rooms and other places were then rendered inoperative.

Our vulnerability assessments provide information and recommendations to improve the functionality of critical facilities by preventing flood exposure to elevators and valuable assets. These assessments describe how essential equipment must be protected from flooding to allow a critical facility to perform its primary function during and after a flood event. Flood Risk America and Flood Risk Canada will help you identify vulnerabilities in essential facility systems and equipment using our comprehensive flood mitigation approach.

Benefits of Our Vulnerability Assessments:

·     Reduction to the vulnerability, damage, and disruption of operations during severe

      flood events

·     Remain operational during and after a major disaster

·     Education on code requirements and FEMA recommendations

·     Customized mitigation plan for protection of essential systems and equipment

·     Designed mitigation plan to account for loss of power

·     Provision of new construction flood code requirements

·     Flood assessment including the investigation of historical flooding on specific

      location

Company Offers New Service That Will Benefit Lending For Banks, Insurance Carriers, & Event Coordinators

Flood Risk America and it’s sister company, Flood Risk Canada is excited to announce their newest addition to their already highly acclaimed flood risk mitigation services, the All Weather Peril Assessment. This assessment provides insight about weather threats to not only properties and locations, but also for planned special events. Our All Weather Peril Assessment will help you understand exactly how the weather will impact your specific location.

The All Weather Peril Assessment is a unique service specifically designed for residential buildings and commercial property lending for banks, insurance carriers, and event coordinators. The All Weather Peril Assessment identifies properties and locations in the path of severe weather events and are performed using the most current data available, leaving the client with a detailed summary report. The flood zone data alone is based on current LIDAR flood maps, providing specificity to each location. Not only is the client receiving detailed, site-specific information, but also the services can be customizable for all levels and sizes of property portfolios throughout North America. The All Weather Peril Assessment is also used for planned special events to forecast and monitor the current weather patterns so that there is less worry and more enjoying. With clearly defined, detailed information in these assessments, there is control over risks, protection of investments, and uncertainty is reduced.

"There is control over risks, protection of investments, and 
uncertainty is reduced."

All Weather Peril Assessments Include:

•  Flooding

•  Earthquake

•  Tornado

•  Lightning Storm

•  Hail

•  Storm surge

•  Wind data