Lowering Flood Insurance for Condos
As the cost of flood insurance for condos continues to become a significant pain point in the budgets of condominium properties nationwide, it's encouraging to know that solutions exist to help reduce flood insurance costs. We are ready to help reduce or eliminate the annual cost of flood insurance for condos, adding precious dollars back into the budgets every year.
What starts with a simple review can lead to extraordinary savings. With our 100% free consultation, we work to uncover engineering solutions to put money back into your budget.
Explore the First Step to Savings with NFE's FREE Desktop Engineering Review
During this consultation, National Flood Experts will examine these property-specific documents:
- Elevation Certificate
- Flood Declaration Page
- Site Map
Our extensive flood insurance knowledge, coupled with the comprehensive review process, arms our experts with the data necessary to uncover the most granular details to reclassify properties from the flood zone or identify alternative cost savings.
Our in-house engineering team identifies solutions in nearly 50% of properties reviewed nationwide. In addition, we often work directly with the board of directors' insurance brokers to make the process as hands-off as possible.
View Condominium Case Studies
Lender Mandates Removed
Condo Property in Florida Successfully Removed from SHFA - New Port Richey, FL
National Flood Experts provided a cost-saving solution for a condo community in New Port Richey, FL by using accurate and comprehensive Flood Expert Survey (FES) solution. Read on to learn how NFE's compliance determination led to significant financial gain by removing lender mandates and increasing property value.
$73K premium increase avoided!
Condo Association | $10k in Savings - Sarasota, FL
A Condo HOA's premium was set to increase from $17,000/year to potentially $90,000+; our team qualified a scenario that resulted in a premium of only $7,000/year.
$174K in Annual Budgetary Saving
16 of 18 Buildings Removed from SFHA - Palm Harbor, FL
Learn how a Palm Harbor, FL condominium community saved $174K annually on flood insurance premiums after NFE's comprehensive engineering review successfully removed 16 of the 18 buildings from the high-hazard flood zone.
