california

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

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

 

Introduction to Emergency Flooding Preparation- 5 Part Series

Flood Risk America has spent these past few months traveling around the country speaking to many victims of the recent flooding disasters from Harvey, Irma, and Sandy. We first traveled to Texas and met with the Houston victims, we even went to Galveston, who suffered a loss from the 1900 Great Galveston Storm, which was one of the deadliest storms of its time. We traveled to parts of New Jersey and New York, from the tip of the Florida Keys, Miami, and up each side of the coast. We covered both west and east, spending time in Naples and Marco Island, all the way up to Jacksonville and the panhandle.

The stories and pictures that everyone has shared have been both amazing and life changing. It has brought us even more incentive to help as many of these people as we possibly can, not allowing this damage to happen again. Glass falling from the ceilings of buildings and crashing in destruction, water levels reaching so high, covering an entire bottom story, people holding their doors down so they don’t blow off, and countless amounts of visible water lines showing on the existing wall structures that are lucky to still be standing, these were just a few of the memories and stories that were shared.

Flood Risk America is a proactive flood protection company, specializing in both products and services. We believe that by traveling to all of these places, we were able to best understand our clients on a personal level, reliving with them their experience and memories. Not only do we want to help save more people from this deadly disaster of Mother Nature, but we have also created a 5 series discussion on emergency flood protection. Each week we will release a new article on our online blog relating to interventions before, during, and after a storm to prepare for the upcoming hurricane season.

 

For more information, visit www.floodriskamerica.com