Solutions Value: Nearly $9K in flood insurance savings, adding $140K property value
NFE Solution: FES; LOMA
After completing other successful projects in the area, NFE cold-called a Flooring Company in Fort Myers, FL, to explain the review process and the potential cost-savings that may be available for their property. It is important to note that the project outreach began AFTER category-4 Hurricane Ian impacted the Fort Myers area. Luckily, this property did not experience ANY flood damage from the catastrophic storm.
NFE expedited the qualification process and submitted the LOMA to FEMA on behalf of the Flooring Company. Remarkably, FEMA approved the LOMA in just 31 days, underscoring NFE's commitment to efficiency. The collaboration yielded substantial benefits for the Client:
-
Cost Savings: By eliminating mandates, the Client achieved $9,000 in cost savings.
-
Property Value Enhancement: The successful LOMA approval immediately impacted the property's value. Considering a conservative 6% capitalization rate, the property's value increased by over $140,000.
This significant boost in value highlighted the effectiveness of NFE's solutions and ability to create tangible value for their clients.
NFE's field work and engineering expertise were instrumental in delivering exceptional results for the Client. Our niche knowledge base and meticulous attention to detail ensured a seamless review process. By providing effective cost-saving solutions, NFE showcased its commitment to client success and ability to maximize the financial potential of flood-zone properties.
