Case Study

Multifamily

Multifamily Property Removed from SFHA Prior to Renewal

La Porte, TX

Image of Multifamily property for Multifamily Property Removed from SFHA Prior to Renewal

$130K + in Added Property Value

Solutions Found:

LOMA

Solutions Value: ≈$8K in Flood Insurance Mandates Removed | $130K in Added Property Value

NFE Solutions: LOMA (Letter of Map Amendment)

The NFE team recently completed a time-sensitive project for a multifamily property in La Porte, TX, which involved obtaining Letters of Map Amendment (LOMA) for four buildings. To our delight and that of the client, FEMA approved the LOMA application within 48 hours of submission, allowing our clients to cancel their flood policies without incurring renewal expenses.

This project's success is a testament to NFE's unwavering dedication to delivering exceptional customer service and meeting tight deadlines. Trust NFE to deliver outstanding results, even with challenging timeframes!

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$47,590 Policy Reduction

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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.

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$225,000 Added Property Value

Mississippi Multifamily Property Successfully Removed from Flood Zone - Starkville, MS

Discover how an introduction to NFE from their insurance broker helped a Multifamily Property in Starkville, MS, save $13,500 in flood insurance premiums and add $225,000 in property value. Working with NFE to uncover savings opportunities is a win for insurance agents and policyholders.

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$228,000 in Added Property Value

Lender Mandates Removed For A Multifamily Property in Spartanburg, SC - Spartanburg, SC

National Flood Experts (NFE) delivered substantial savings for a multifamily property owner in Spartanburg, South Carolina. Utilizing advanced research and practical solutions like Flood Expert Survey (FES) and Letter of Map Amendment (LOMA), NFE successfully removed four buildings from the Special Flood Hazard Area. This led to nearly $14,000 in annual flood insurance savings and an impressive $228,000+ boost in property value.