Case Study

Residential

$130K+ in Added Property Value Across TX Portfolio

Multiple, TX

Image of Residential property for $130K+ in Added Property Value Across TX Portfolio

$8K in Insurance Mandate Removed

Solutions Found:

Flood Expert Survey

LOMA

Solutions Value: ≈$8K in Flood Insurance Mandates Removed, Adding $130K+ in Property Value

NFE Solutions: FES (Flood Expert Survey)

LOMA (Letter of Map Amendment)

After meeting at the Houston multifamily Investor Network Conference, National Flood Experts (NFE) helped a Victoria, TX, based real-estate firm add over $130K in property value by reducing their flood insurance premium by $8K across several properties.

The Client had concerns about the impact of the FEMA flood zone on their multifamily, residential, and commercial properties across Texas and wanted to explore options to reduce flood insurance premiums and increase the value of their properties. After the complimentary desktop engineering review, the engineering team recommended Flood Expert Surveys (FES) to gather additional property-specific data to maximize potential savings for each property. Following the FES work, we were able to successfully qualify several properties for Letter of Map Amendments (LOMA), which helped the client save over $8K in flood insurance premiums.

The results didn't stop there as the solutions added over $130K in property value.

Thanks to NFE's in-depth analysis, the Client was able to reduce their flood insurance premiums and add value to their property. The Client was pleased with the result and was grateful for NFE's dedication to uncovering cost-saving solutions.

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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.

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$10K Year-Over-Year Savings

Property Owner in Texarkana Trims Year-Over-Year Flood Insurance Premiums by $10K - Texarkana, TX

Discover how NFE helped a property owner in Texarkana, TX, overcome high flood insurance premiums. Through a comprehensive Flood Expert Survey (FES) and expert analysis, NFE successfully obtained a Letter of Map Amendment (LOMA), resulting in a yearly savings of approximately $10,000 and an increased property value of $167,000. Experience our expertise in flood risk management and effective solutions for tangible benefits.