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Follow on Google News | FloodInsights Adds Florida Sinkhole Report to Help Lenders Mitigate Uninsured Sinkhole RiskFloodInsights Adds Florida Sinkhole Report to Help Lenders Mitigate Uninsured Sinkhole Risk
By: FloodInsights Over the last few years sinkholes have emerged as the new costly risk in Florida due to heavy rains, massive pumping of groundwater and the creation of new buildings, streets and retention ponds. As sinkhole activity has increased, lenders have become more concerned with sinkhole risk as it affects the value of collateral. With this in mind, FloodInsights created the first commercial sinkhole report for lenders. By simply typing in an address or submitting a portfolio, it’s now possible to get a FEMA flood report, as well as the following sinkhole information: • Distance to closest sinkhole • Number of sinkholes within a ½ mile radius • Number of sinkholes within a 1 mile radius • Sinkhole hazard map (aerial photo optional) “Many people think that there are just a few counties in Florida that are affected by sinkholes, but sinkhole risk has been spreading geographically over the last few years, explains Dan Munson, Founder, FloodInsights. “With FloodInsights’ To learn more about FloodInsights Sinkhole report, portfolio pricing or to get a Florida sinkhole exposure map, please contact Hallie Benjamin at 857.246.6659 or hbenjamin@cdsys.com About FloodInsights FloodInsights is used by appraisers, homeowners and mortgage & real estate professionals to make flood hazard and Florida sinkhole determinations. This Web based service returns the FEMA Flood Zone, Community Number, Map Panel Number, Panel Date, Census Tract, Proximity to Sinkholes and much more. For more information, visit: http://www.FloodInsights.com End
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