Case Study

Residential

NH Homeowner Relieved of Rising Flood Insurance Costs

Bedford, NH

Image of Residential property for NH Homeowner Relieved of Rising Flood Insurance Costs

Flood Insurance Mandates Removed

Solutions Found:

LOMA

Solutions Value: Flood Insurance Mandates Removed & Property Value Improved

NFE Solution: LOMA

A homeowner in Bedford, NH, had been struggling with rising flood insurance premiums nearing the point of doubling their mortgage payments. Seeking relief from this financial burden, they contacted their insurance agent, who recognized the need for specialized assistance and recommended NFE as a trusted partner.

We began by conducting a complimentary engineering review of the property, which involved a comprehensive assessment of the A-zone property to determine potential eligibility for a Letter of Map Amendment (LOMA) or other cost-saving solutions. Following a thorough review, NFE qualified the property for a LOMA.

Throughout the process, NFE worked closely with the insurance agent and the homeowner, providing valuable guidance and support, handling every step of the FEMA submission process, including FEMA's Requests for Information (RFI), and ensuring smooth application progress.

NFE's efforts yielded excellent results for the homeowner - who obtained a LOMA for their property, successfully removing the lender mandate for flood insurance. The solution provided relief from high insurance costs and improved the property's overall worth and marketability should the owner decide to sell in the future, offering peace of mind and allowing the homeowner to focus on other financial goals. The collaboration between the insurance agent, NFE, and the homeowner exemplifies how strategic and specialized solutions can alleviate financial stress and provide positive outcomes.

View Other Case Studies

Image of Multifamily property for Cold Call Results in $116K Property Value Increase for Multifamily Owner

$116K in Added Property Value

Cold Call Results in $116K Property Value Increase for Multifamily Owner - Colorado Springs, CO

Explore how National Flood Experts helped a client increase the value of their multifamily property in Colorado Springs, CO by more than $116,000. Through NFE’s comprehensive engineering review, the building was successfully removed from the high-risk flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by nearly $7,000 while also increasing property value.

Image of Multifamily property for Commercial Development Firm Adds $111K in Property Value

$111,000 in Added Property Value

Commercial Development Firm Adds $111K in Property Value - Tucson, AZ

In Tucson, AZ, a client had $5,500 per year in flood insurance expenses on two apartment buildings in the AE flood zone. SPOILER ALERT: Not anymore.

Image of Industrial property for LOMA Success for Nevada Self-storage Facility

$4K in Annual Savings Secured

LOMA Success for Nevada Self-storage Facility - Carson City, NV

Discover how a self-storage owner in Carson City, NV, saved more than $4K per year on one property by working with National Flood Experts (NFE).