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!

View Other Case Studies

Image of Multifamily property for Property Management Company Increases NOI by $40.5K

$40.5K NOI Increase

Property Management Company Increases NOI by $40.5K - New Orleans, LA

This Multifamily property got a major NOI boost in The Big Easy, adding $40,511 back to the property's operating budget!

Excess Flood Insurance Requireme

Excess Flood Insurance Requirement Eliminated for DE Multifamily Property - Dover, DE

Explore how a Dover, DE, multifamily property eliminated excess flood insurance requirements, added property value, and reduced annual flood insurance expenses thanks to NFE's comprehensive engineering review and Flood Expert Survey (FES). NFE's analysis, supported by on-site data collected during the FES, qualified 3 of 4 buildings for removal from the high-risk flood zone, eliminating the lender mandate for flood insurance for those three buildings and eliminating the excess flood insurance requirement.

Image of Commercial property for National Hotel Portfolio Saves $53K in Premiums

$670K in Added Property Value

National Hotel Portfolio Saves $53K in Premiums - Miami & Marathon, FL

NFE's expertise helped a portfolio of hotels save more than $53K in flood insurance premiums and removed the lender mandates for 15 properties. Qualifying the buildings for Letters of Map Amendments also resulted in ≈ $670K increase in property value (assuming an 8% CAP rate).