Case Study

Commercial

Hotel & Restaurant Saves $47.5K

Chesapeake Beach, MD

$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 National Flood Experts helped an affordable housing community in Randolph, MA, increase the value of their property by nearly $137,000, remove lender mandates for several buildings, and improve annual NOI by $7,300+. Through NFE’s comprehensive engineering review, three buildings were successfully removed from the high-risk “A” flood zone.

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

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Flood Mandates Lifted for a Multifamily Property in Indianapolis - Indianapolis, IN

A multifamily property in Indianapolis clipped by the flood zone sought ways to reduce flood insurance premiums. Their insurance broker contacted NFE to explore solutions. NFE conducted a Flood Expert Survey and secured a LOMA to reclassify the property into an X Zone, removing the flood insurance mandate, resulting in annual premium savings and an $84K property value increase. The insurance broker's collaboration & NFE's proactive approach achieved financial savings & added property value for the Client.