Case Study

Commercial

National Hotel Portfolio Saves $53K in Premiums

Miami & Marathon, FL

$670K in Added Property Value

Solutions Found:

LOMA

Solution Value: Over $53K in Lender Mandated Flood Insurance Premiums Removed

NFE Solution: LOMA (Letter of Map Amendment)

A Hotel portfolio with locations across the US saved more than $53K in flood insurance premiums adding ≈ $670K in property value (assuming an 8% CAP rate). A HUGE win for the client!

NFE reviewed 22 hotels in the client’s portfolio across the country and was successful in qualifying 15 hotels for a LOMA. These solutions resulted in the removal of lender mandates for flood insurance for these properties. These solutions boosted the value of the portfolio significantly and dramatically reduced annual flood premiums by the thousands.

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$217,000 in Added Property Value

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Learn how a collaboration between a Client’s insurance broker and NFE resulted in a successfully obtained LOMA, saving a multifamily property in Slidell, LA, $13K in annual flood insurance premiums while adding $217K in property value.

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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.

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Luxury Housing Community Reduces Annual Flood Insurance Expense & Improves Property Value - Middletown, NY

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.