LOMA
Helping our clients save $ is always fulfilling, but assisting a YMCA in saving $18,000 per year on insurance premiums was especially satisfying!
After heading up to Connecticut & completing an on-site Flood Expert Survey, our engineering team obtained a Letter of Map Amendment from FEMA, removing flood insurance mandates for this nonprofit YMCA. That's $18,000 back to their bottom line and back into programs + initiatives to support their community!
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 and provided $23K in Premium Savings.
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!
NFE's field work and engineering expertise, led to significant cost savings for a wood flooring companies' Fort Myers, FL location, adding major value to their property. Read more to explore NFE's cost-saving solutions for your properties in flood zones.