Case Study

Commercial

Commercial Property Saves $11K

Philadelphia, PA

Image of Commercial property for Commercial Property Saves $11K

$350K in Added Property Value

Solutions Found:

LOMA

Solutions Value: ≈$11K Year-Over-Year Savings

NFE Solution: LOMA

A mixed-use commercial property along the Schuylkill River in Philadelphia, PA, had 14 buildings impacted by the high-hazard flood zone and was concerned about the increasing cost of flood insurance premiums.

NFE conducted a complimentary engineering review and qualified 6 out of the 14 buildings for flood zone removal. In less than 45 days, we were able to obtain a Letter of Map Amendment (LOMA), ultimately saving the client a whooping $11K in flood insurance premiums year over year, adding $350K in property value.

The client was thrilled with the results of our flood experts’ work and has since recommended our services to other commercial property owners in the Philadelphia area.

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Maryland Yacht Club Saves $23K - Annapolis, MD

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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Multifamily Property Saves $25K+ - Chesapeake, VA

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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!