Solutions Value: $11K Year Over Year Savings, Adding $175K in Property Value
NFE Solutions: FES, LOMA
National Flood Experts (NFE) helped a Multifamily estate in Fond du Lac, WI get out of the Special Flood Hazard Area (SFHA), resulting in significant flood insurance savings and improved property value. The property owner had been looking for ways to remove lender-mandated flood insurance for years and was thrilled when NFE thought it was possible. A Flood Expert Survey (FES) was required to collect property-specific data to present to FEMA. Following the FES, NFE's engineering team qualified the entire 9-building property for removal from the SFHA via Letter of Map Amendment (LOMA).
NFE worked with the client every step of the way to ensure the mandate removal process with the lender was approved for the entire property, and now, thanks to NFE's expertise, the client is enjoying $11K year-over-year flood insurance savings, with an improved property value of $175K!
NFE's ability to work through challenges, creatively approach problems, and efficiently navigate the FEMA submission process has resulted in significant cost savings and overall improvement for property owners.
