Case Study

Condominium

16 of 18 Buildings Removed from SFHA

Palm Harbor, FL

Image of Condominium property for 16 of 18 Buildings Removed from SFHA

$174K in Annual Budgetary Saving

Solutions Found:

LOMA

Solutions Value: $174K flood insurance premium savings

NFE Solutions: LOMA

A condominium community in Palm Harbor, FL, was facing hefty rate increases on their flood insurance costs; the property had never experienced flood issues, and the Condo Board was interested in exploring ways to reduce this significant budgetary expense.

The Board's insurance agent introduced them to National Flood Experts, whose comprehensive engineering review and on-site data collection qualified 16 of 18 buildings for removal from the Special Flood Hazard Area (SFHA) through Letter of Map Amendment (LOMA).

The project resulted in a HUGE win for the Board, reducing the communities annual flood insurance expense by $174,000!

View Other Case Studies

Image of Multifamily property for  Reducing Insurance Costs and Boosting Property Value in a High-Risk Flood Zone

$108,000 in Added Property Value

Reducing Insurance Costs and Boosting Property Value in a High-Risk Flood Zone - Albuquerque, NM

Explore how a multifamily property in Albuquerque, NM, eliminated its annual flood insurance costs and how NFE’s Flood Expert Survey helped remove the property from the SFHA, raising the overall property value by over $108,000.

Image of Commercial property for Lahaina, HI Property Saves $73K

$73K NOI Increase

Lahaina, HI Property Saves $73K - Lahaina, HI

In gorgeous Lahaina, HI, on the island of Maui, our team identified ≈ $73,000 in cost savings for a commercial property less than a stone's throw from the shores of the Pacific Ocean.

Image of Residential property for Lender Mandate Lifted for Homeowner in Minnesota

A-Zone LOMA Success

Lender Mandate Lifted for Homeowner in Minnesota - Afton, MN

Discover how NFE helped a single-family homeowner in Afton, MN, remove the lender mandate for flood insurance on their home and detached garage via a Letter of Map Amendment (LOMA).