Lower Your Commercial Flood Insurance Premiums
Even if your commercial property is correctly located in a flood zone, we will run it through our team of engineering and insurance experts to determine if there's anything we can do to improve your risk rating. Our consultation can translate to considerable savings on your flood insurance premiums. We will also help you find the commercial flood insurance coverage that fits your needs.
Unlocking $300M in Property Value for Our Clients
The Problem
Commercial flood insurance mandates can cause significant disruption to many investors' ongoing value-add strategies as the annual cost increases. If you have acquired financing to purchase a property in a special flood hazard area (SFHA), you know the lender mandates commercial flood insurance to close the sale successfully.
Many real estate investors, business owners, insurance agents, and real estate brokers assume flood insurance is an unavoidable business cost if a structure is in a high-hazard flood zone. Upon further investigation, this may not be the case — or at least eligible savings may exist.
The Solution
We will review your property extensively, at no initial cost, uncovering the most granular details to remove your property from the high-hazard flood zone or identify other cost savings. To date, we have identified solutions resulting in the addition of more than $300M in property value for our clients.
What does this mean for property owners? They may cancel the policy or modify their coverages according to the risk strategy for the asset. Requirements for excess flood insurance coverage are also removed, and these policies can be canceled or amended. In any solution, annual savings result in additional NOI for your property.
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).
Ready to Lower Flood Insurance Costs?
Book Free ConsultationHow it Works
1
Free Desktop Review
2
Discuss Engineering Findings
3
Deliver Solution
FEMA 50% Improvement Rule Avoided & Property Value Increased by $200K - Chattanooga, TN
Discover how a Chattanooga, TN, hotel owner saved $12K per year on flood insurance, added $200K in property value, and avoided FEMA’s 50% improvement rule by working with National Flood Experts (NFE) after being referred to NFE by their insurance agent.
View Commercial Case Studies
$50,000 in Added Property Value
Increase Commercial Real Estate Value Through Flood Zone Reclassification - Clive, IA
Learn how National Flood Experts helped a client increase the value of their commercial property in Clive, IA, by $50K. Through NFE’s Flood Expert Survey, the property was successfully removed from the AE flood zone, improving the future marketability of the property.
$350K in Added Property Value
Commercial Property Saves $11K - Philadelphia, PA
Learn how NFE helped a mixed-use commercial property along the Schuylkill River in Philadelphia, PA save ≈$11K/year in flood insurance premiums and added $350K in property value by removing 6 of the 14 buildings from the flood zone through FEMA's LOMA process, all in less than 45 days!
$200,000 in Added Property Value
FEMA 50% Improvement Rule Avoided & Property Value Increased by $200K - Chattanooga, TN
Discover how a Chattanooga, TN, hotel owner saved $12K per year on flood insurance, added $200K in property value, and avoided FEMA’s 50% improvement rule by working with National Flood Experts (NFE) after being referred to NFE by their insurance agent.
