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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Image of Multifamily property for Multifamily Property in Toms River Successfully Removed from Special Flood Hazard Area (SFHA)

$250,000 in Added Property Value

Multifamily Property in Toms River Successfully Removed from Special Flood Hazard Area (SFHA) - Toms River , NJ

NFE successfully removed a multifamily property in Toms River from the Special Flood Hazard Area (SFHA). A Flood Expert Survey (FES) qualified all 5 buildings for a Letter of Map Amendment (LOMA). These solutions elimated$15,000 in annual insurance costs and added a remarkable $250,000 in property value.

Image of Residential property for NH Homeowner Relieved of Rising Flood Insurance Costs

Flood Insurance Mandates Removed

NH Homeowner Relieved of Rising Flood Insurance Costs - Bedford, NH

A homeowner in Bedford, NH, faced skyrocketing flood insurance premiums, nearly doubling their mortgage payments. They sought relief and their insurance agent recommended NFE as a trusted partner. NFE conducted a complimentary engineering review, qualifying the property for a LOMA. NFE assisted throughout the FEMA submission process, addressing RFIs and ensuring smooth progress. The homeowner obtained a LOMA, eliminating the need for flood insurance, improving property value and marketability.

Image of Commercial property for Vermont Shopping Center’s Annual Premium Reduced by $15K+

Shopping Center Saves $15K

Vermont Shopping Center’s Annual Premium Reduced by $15K+ - Manchester Center, VT

Learn how NFE’s engineering review identified a consulting scenario that helped a real estate investment firm reduce the annual flood insurance premium for a Manchester City, VT, shopping center by more than $15,000.