Case Study

Condominium

Condo Association | $10k in Savings

Sarasota, FL

$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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$250,000 in Added Property Value

Multifamily Property in Toms River Successfully Removed from Special Flood Hazard Area (SFHA) - Toms River , NJ

NFE successfully removed a multifamily property in Toms River from the Special Flood Hazard Area (SFHA). A Flood Expert Survey (FES) qualified all 5 buildings for a Letter of Map Amendment (LOMA). These solutions elimated$15,000 in annual insurance costs and added a remarkable $250,000 in property value.

Image of Multifamily property for Lender Mandates Removed For A Multifamily Property in Spartanburg, SC

$228,000 in Added Property Value

Lender Mandates Removed For A Multifamily Property in Spartanburg, SC - Spartanburg, SC

National Flood Experts (NFE) delivered substantial savings for a multifamily property owner in Spartanburg, South Carolina. Utilizing advanced research and practical solutions like Flood Expert Survey (FES) and Letter of Map Amendment (LOMA), NFE successfully removed four buildings from the Special Flood Hazard Area. This led to nearly $14,000 in annual flood insurance savings and an impressive $228,000+ boost in property value.

Image of Multifamily property for Property Owner in Texarkana Trims Year-Over-Year Flood Insurance Premiums by $10K

$10K Year-Over-Year Savings

Property Owner in Texarkana Trims Year-Over-Year Flood Insurance Premiums by $10K - Texarkana, TX

Discover how NFE helped a property owner in Texarkana, TX, overcome high flood insurance premiums. Through a comprehensive Flood Expert Survey (FES) and expert analysis, NFE successfully obtained a Letter of Map Amendment (LOMA), resulting in a yearly savings of approximately $10,000 and an increased property value of $167,000. Experience our expertise in flood risk management and effective solutions for tangible benefits.