Solution Value: $40,500 in Premium Savings
NFE Solution: Letter of Map Amendment
This Multifamily property got a major NOI boost in The Big Easy, adding $40,511 back to the property's operating budget!
This particular scenario required our field team to visit the property and complete a Flood Expert Survey (FES) to gather building-specific data to confirm which buildings would qualify for flood zone removal or other cost savings. Ultimately, our engineering review resulted in 14 of 30 buildings being re-classified from an AE high-risk flood zone to an X zone (Yes, in New Orleans!), generating $40,511 in premium savings for property owners.