Case Study

Commercial

Maryland Yacht Club Saves $23K

Annapolis, MD

Image of Commercial property for Maryland Yacht Club Saves $23K

$23K in Premium Savings

Solution Value: $23,000 Policy Reduction

NFE Solution: Insurance Consulting

A Yacht Club in Annapolis, MD was alerted by the NFIP that their flood insurance policy was being non-renewed & they were shocked when the private carrier quote came in at $30,000+ annually. Their Insurance Agent called National Flood Experts to see if we could assist & our team went to work.

Ultimately our engineers found a solution & prepared exhibits to petition the NFIP to reconsider the property for Coverage, which the NFIP accepted! The client was able to obtain NFIP coverage for approx. $6,000 annually, resulting in a massive win for the client adding $23k+ back to their bottom line!

View Other Case Studies

Image of Multifamily property for Property Reclassified to X-Zone Prior to Acquisition

NOI Boost on Day 1 of Ownership

Property Reclassified to X-Zone Prior to Acquisition - Canton, MI

A 36-building mulitfamily property experienced a significant boost to NOI on Day 1 of ownership due to a rush review and LOMA success by the National Flood Experts team. Thanks to the LOMA, the new owners were not required to place lender-mandated flood insurance and excess flood insurance on the property - talk about major savings and red tape avoided!

Image of Multifamily property for New Mexico Multifamily Property Increases NOI by $18.6K

$310,000+ Added Property Value

New Mexico Multifamily Property Increases NOI by $18.6K - Bernalillo, NM

Learn how NFE's comprehensive review process eliminated lender mandates for flood insurance, saving a New Mexico multifamily property $18.6K annually while also increasing property value by $310K.

Image of Multifamily property for Flood Mandates Lifted for a Multifamily Property in Indianapolis

$84,000 in Added Property Value

Flood Mandates Lifted for a Multifamily Property in Indianapolis - Indianapolis, IN

A multifamily property in Indianapolis clipped by the flood zone sought ways to reduce flood insurance premiums. Their insurance broker contacted NFE to explore solutions. NFE conducted a Flood Expert Survey and secured a LOMA to reclassify the property into an X Zone, removing the flood insurance mandate, resulting in annual premium savings and an $84K property value increase. The insurance broker's collaboration & NFE's proactive approach achieved financial savings & added property value for the Client.