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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Image of Multifamily property for LOMA Success for Randolph, MA, Affordable Housing Community

≈$123K in Property Value Added

LOMA Success for Randolph, MA, Affordable Housing Community - Randolph, MA

Explore how National Flood Experts helped an affordable housing community in Randolph, MA, increase the value of their property by nearly $137,000, remove lender mandates for several buildings, and improve annual NOI by $7,300+. Through NFE’s comprehensive engineering review, three buildings were successfully removed from the high-risk “A” flood zone.

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$10K Saved & Headaches Avoided

Commercial Development Firm Wins Big in NY - Brooklyn, NY

An entire undeveloped lot was being pulled into the SFHA, creating permitting nightmare for the owners. NFE's engineering analysis pulled the ENTIRE lot out of the SFHA both NOW and when the pending preliminary map goes into force.

Image of Multifamily property for Chicago Multifamily Dodges $75k/year Bullet

$75K Lender Mandate Removed

Chicago Multifamily Dodges $75k/year Bullet - Chicago, IL

Our team flew up to the Windy City, gathered pertinent site-specific data, and successfully petitioned FEMA for a Letter of Map Amendment (LOMA). With the LOMA in hand, the lender mandates were removed, and the client dodged a $75k/year bullet!