Case Study

Commercial

Hotel & Restaurant Saves $47.5K

Chesapeake Beach, MD

Image of Commercial property for Hotel & Restaurant Saves $47.5K

$47,590 Policy Reduction

Solution Value: $47,950 in annual savings

NFE Solution: Insurance Consulting

A restaurant in Chesapeake Beach, MD was paying nearly $50k annually on flood insurance premiums & ended up realizing $47,590 in savings after working with NFE.

Our complimentary desktop engineering review identified data discrepancies between area data & policy details; this required a visit to the site to confirm our suspicions. Our field team traveled to Maryland to perform our Flood Expert Survey and returned the data to our engineering team, who dove into the details. The data confirmed our initial suspicions, resulting in a $47,590 reduction in their annual flood policy premium.

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Explore how a Dover, DE, multifamily property eliminated excess flood insurance requirements, added property value, and reduced annual flood insurance expenses thanks to NFE's comprehensive engineering review and Flood Expert Survey (FES). NFE's analysis, supported by on-site data collected during the FES, qualified 3 of 4 buildings for removal from the high-risk flood zone, eliminating the lender mandate for flood insurance for those three buildings and eliminating the excess flood insurance requirement.

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$185,000 in Added Property Value

Multifamily Property in Hampton, VA Improves NOI by $11K+ - Hampton, VA

Get cost-cutting strategies for your flood zone properties. Read how National Flood Experts helped a client save over $11K annually in flood insurance premiums and added $185K in property value following their complimentary engineering review and Flood Expert Survey.