LOMA
A water management company worked with the team at NFE to secure a LOMA for their Helena, MT property. Clients have many reasons for seeking out NFE’s services, from lifting lender-mandated flood insurance via a letter of map amendment or reducing flood insurance policy premiums via insurance consulting; we are happy to help reduce expenses, boost NOI, and increase property value in whatever way we can!
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.
Learn how National Flood Experts helped a property management client increase the value of their multifamily affordable housing property in Brewster, MA, by nearly $137,000. Through NFE’s comprehensive engineering review, three buildings were successfully removed from the high-risk “A” flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by $8,000+ while increasing property value.
Learn how National Flood Experts helped a multifamily property owner pulled into the SFHA by a map update achieve LOMA success, save $10,700 in annual premiums, and increase the value of their property by more than $178,000.