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WE MAY HAVE FOUND AN ANSWER. JOIN US IN STOPPING A LOT OF DEVASTATION.

VALUE PROPOSITION

The number and frequency of severe storms and flooding has intensified over the past 20 years due to climate change.  Within the last 5 years, 10 major U.S. flood events have each caused more than a billion dollars of damage. The devastating economic impact of severe storms and flooding is not limited to directly affected homeowners, as it can also be devastating to other homeowners with flood-prone areas when land and home values can depreciate after a major storm. The adverse social and environmental consequences of flooding include, among other things, loss and disruption of life and livelihoods, displacement from one’s home, repair of damage to homes, along with the need to dispose of damaged flooring, walls, rugs, furniture, books, electronics, and the like after a major flooding event.

 

The year 2020 brought a record-breaking 29 named storms in the Atlantic Ocean off the U.S. coast. Each year seems to bring more and more storms to our shores. An assessment recently published in science journal “Nature” indicates that Antarctica is now melting at triple the rate it did just 10 years ago and global sea levels could rise by approximately 8 feet by the year 2100. If this trend continues, it could dramatically increase the risk of future flooding in the relatively near future.

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That risk is so everpresent and impactful that the same housing market economists who identified the brewing storm that led to the 2008 housing market collapse have recently been sounding the alarms about the greatly underestimated costs of flooding. In 2022, Hurricane Ian alone cost the US $100B. Furthermore, they warn that a $200B bubble in the US housing market may currently exist because of inflated home values by mortgage markets that do not accurately reflect flood risk. Consumer groups and government agencies recommend that homeowners with even the slightest flood risk employ proactive flood mitigation products and systems like the Flood Zipper™ solution.

 

In a world challenged by more frequent severe storms and flooding caused by climate change, urban sprawl, and the exploding municipal solid waste disposal problem, it is becoming more important to develop practical solutions to protect homes from the increasingly persistent threat of inland flooding that are affordable, effective, and easy-to-deploy immediately preceding a potential flood event. GHW Solutions, LLC’s approach is to integrate environmental, social, and governance (ESG) factors into all aspects of the development, commercialization, and deployment of the Flood Zipper™ solution.

In addition to the clear value of Flood Zipper™ to home and building owners, and the environment, we believe its benefits also extend to other stakeholders including but not limited to federal/local governments, insurance companies, mortgage lenders, and homeowner associations. Because proactively protecting homes is the right thing to do, we believe it will be possible to assist customers with securing property/income tax credits, government grants, insurance discounts, and low-interest home improvement loans. This cost-sharing will reduce and/or amortize the homeowner’s cost of Flood Zipper™ over a period of just a few years.

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Flooding impacts are devastating for affected families:
 

  • Replacing damaged possessions; dealing with the loss of irreplaceable heirlooms.
     

  • Repairing damage while often having to use under-qualified contractors.
     

  • Cost and environmental impact of disposing of damaged flooring, furniture, and other ruined materials.
     

  • Health and safety problems including mold, electrocution, and other issues.
     

  • Mental anguish caused by experiencing a devastating natural disaster.
     

  • Temporary living arrangements while the flooded house is uninhabitable.
     

  • Disruptive effects on children that are displaced from their home.
     

  • Real and perceived risks associated with multiple contractors working within the home for months.
     

  • Time away from work or school to deal with a flooded house; contractors, insurers, bankers, among others.
     

  • Depreciated home values after the community experiences a major storm.

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Flooding also Impacts Governments, Businesses & HOA's:
 

Flood claims paid by FEMA’s National Flood Insurance Program (NFIP) and private insurers/re-insurers along with U.S. government-sponsored disaster relief programs represent a tremendous cost (similar situation in other countries). Thus, insurers and federal/state governments, and businesses have a vested interest in reducing flood damage risks by encouraging homeowners to take proactive measures to protect their homes from future flooding events.
 

Mortgage lenders with highly leveraged loans are also negatively impacted (e.g. equity risk). Therefore, lenders too should be interested in helping homeowners take proactive measures to protect home asset values.

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HOAs and local governments too are adversely affected by flooding events. As a result of area flooding, many homeowners are inclined to sell their homes to mitigate future flooding risk which effectively drives down local home values and therefore the local tax base. HOAs and local governments have a long-term view of preserving asset values in their communities to ensure the debt related to common infrastructure (e.g., roads, community centers, water, and sewage) can continue to be serviced.

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© 2022 GHW Solutions, LLC – Flood Zipper™

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