Case Study

Condominium

Condo Association | $10k in Savings

Sarasota, FL

Image of Condominium property for Condo Association | $10k in Savings

$73K premium increase avoided!

Solution Value: $73,000 premium increase avoided & $10,000 budgetary savings

NFE Solution: Insurance Consulting

A Condo HOA's premium was set to increase from $17,000/year to potentially $90,000+. Working side-by-side with the Condo Boards' insurance broker, our team visited the property, collected additional data via our Flood Expert Survey, and our in-house engineers qualified a scenario that resulted in a premium of only $7,000/year. Instead of delivering the hard news of increased dues, the Condo Board can reallocate $10,000 in annual savings into the budget!

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$23K in Premium Savings

Maryland Yacht Club Saves $23K - Annapolis, MD

A Yacht Club in Annapolis, MD was alerted by the NFIP that their flood insurance policy was being non-renewed & they were shocked when the private carrier quote came in at $30,000+ annually. Their Insurance Agent called National Flood Experts to see if we could assist & our team went to work and provided $23K in Premium Savings.

Image of Multifamily property for 17 of 21 Buildings Removed from SFHA

$50K+ in total savings

17 of 21 Buildings Removed from SFHA - Mobile, AL

NFE was successful in qualifying 17 of 21 multifamily buildings in Mobile, AL for removal from the SFHA, resulting in nearly $50K NOI increase for the property owners.

Image of Multifamily property for $11K in Premium Savings Realized in 5 Days for GA Multifamily Property

$187,000+ Added Property Value

$11K in Premium Savings Realized in 5 Days for GA Multifamily Property - Thomasville, GA

Discover how National Flood Experts resolved a flood zone impact for a multifamily property in Thomasville, GA, in only 5 Days. NFE's swift solution eliminated lender mandates for NFIP and excess flood insurance, providing immediate relief from high insurance costs. The result? Over $11,000 in annual flood insurance savings and $187,000+ in added property value.