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!
In this case study, we will explore how NFE helped a luxury multifamily property in Middletown, NY, in saving on flood expenses and enhancing property value by $221K+. The Client's insurance broker recommended NFE to alleviate the financial burden of increasing flood insurance premiums. Through a comprehensive engineering review and flood expert survey, NFE secured a LOMA for the Client, leading to a win-win situation for all parties.
Learn how an industrial storage facility in Bonita Springs, FL, reduced annual flood insurance premiums by $10,000 and increased property value by $167,000. NFE provided a solution to overcome the financial challenges posed by updated FEMA maps by completing a meticulous Flood Expert Survey (FES) and qualifying 2 of 3 buildings for a Letter of Map Amendment (LOMA). Discover NFE's expertise in flood zone solutions and ability to deliver substantial savings.
