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.

View Other Case Studies

Image of Multifamily property for Successful Insurance Collaboration, Resulting in a LOMA, Cost Savings and Increased Property Value

$217,000 in Added Property Value

Successful Insurance Collaboration, Resulting in a LOMA, Cost Savings and Increased Property Value - Slidell, LA

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.

Image of Multifamily property for RI Affordable Housing Community Adds $142K in Property Value

LOMA Success Saves $8.5K/Year

RI Affordable Housing Community Adds $142K in Property Value - North Kingstown, RI

Learn how National Flood Experts helped an affordable housing community in North Kingstown, RI, increase the value of their property by $142,000, remove lender mandates for five buildings, and improve annual NOI by $8,500+. Through NFE’s comprehensive engineering review, flood expert survey, and advanced modeling services, five buildings were successfully removed from the high-risk “A” flood zone.

Image of Commercial property for YMCA Saves $18K

$18K in Savings for YMCA

YMCA Saves $18K - Wilton, CT

Helping our clients save $ is always fulfilling but assisting a YMCA in saving $18,000 per year on insurance premiums was even more satisfying!