Flood Zone Correction Our client, a publicly traded REIT, had two large Southeastern US shopping malls in its portfolio that standard flood zone determinations indicated to be within FEMA-designated Special Flood Hazard Areas (SFHA)*. This SFHA designation resulted in a total flood exclusion under the client’s master property insurance policy, forcing them to spend $175,000 on NFIP and excess flood insurance for these two properties.

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