We helped save Berkeley, MO, industrial warehouse owners save $13,000+ in annual flood insurance premiums.
Our team reviewed area data & documents provided by the client to identify a high likelihood of savings. After a trip to the site to complete a Flood Expert Survey, our engineers confirmed the data and worked with the client's insurance broker, ultimately reducing the client's policy from $14,000 to less than $1,000 per year.
Explore how a Hurricane, UT, property (Duplex, 3 Sheds, 1 Storage structure, and the land!) were reclassified to an X-zone, removing lender mandates for flood insurance and increasing property value significantly.
A 36-building mulitfamily property experienced a significant boost to NOI on Day 1 of ownership due to a rush review and LOMA success by the National Flood Experts team. Thanks to the LOMA, the new owners were not required to place lender-mandated flood insurance and excess flood insurance on the property - talk about major savings and red tape avoided!
Discover how a multifamily property owner in Terre Haute, IN, maximized refinancing and eliminated the need for excess flood insurance coverage. NFE’s engineering review helped the owners overcome restrictions, increase property value by a staggering $1MM+, and increase NOI by $65,250 annually - all in just under two weeks!