Flood Insurance Solutions to Increase Multifamily NOI
Lowering flood insurance costs can significantly impact your multifamily NOI. The cost of flood insurance is a significant operating expense for many properties. By eliminating or reducing these expenses, property owners can increase their multifamily NOI, boost property value, and improve profitability.
98%
Win rate with FEMA
15,000+
Structures Reviewed
$1,000,000s
in savings
Ways to Improve Multifamily NOI
- Reclassification: Reclassifying your property out of the high-risk flood zone can eliminate lender mandates for flood insurance.
- Insurance Savings: Our engineers look at all aspects of the property and use engineering data to find additional savings within your current policy.
If you're a property owner concerned about the cost of flood insurance, National Flood Experts can help you improve your NOI with unique engineering solutions.
National Flood Experts offers a free initial consultation to review the property and identify potential cost saving solutions to reduce or eliminate flood expenses. Our review process is straightforward, and we only need three documents:
- Elevation Certificate
- Flood Declaration Page
- Site Map
Because of the complexity of the process with FEMA to amend the flood maps and working to help reduce insurance premiums, our services are 100% guaranteed.
Overall, eliminating or reducing flood insurance expenses can significantly impact the NOI of multifamily properties. Through working with our flood experts, property owners can reduce operating expenses and increase profitability. If you're a property owner looking to improve your NOI and reduce flood expenses, contact National Flood Experts to learn how we can help improve the financial performance of your investment.
How it Works
1
Free Desktop Review
2
Discuss Engineering Findings
3
Deliver Solution
Ready to Lower Flood Insurance Costs?
Book Free ConsultationView Multifamily Case Studies
$165K in Added Property Value
Multifamily Property Avoids Flood Insurance Requirements at Closing - Shepherdsville, KY
Learn how a multifamily property in Kentucky saved $10,000+ on flood insurance mandates and increased property value by $165,000. NFE's expertise qualified all buildings for a Letter of Map Amendment (LOMA), helping the client avoid unnecessary and hefty flood insurance requirements while facilitating a smooth closing.
$500,000 in Added Property Value
Houston Multifamily Property Saves Over $31K in Premiums - Houston, TX
Learn how NFE's Flood Expert Survey helped a multifamily property in Houston, FL achieve LOMA compliance, remove additional buildings from the flood zone, save over $31k in flood insurance premiums, and increase property value by $500k.
$130K + in Added Property Value
Multifamily Property Removed from SFHA Prior to Renewal - La Porte, TX
Learn how NFE managed to obtain a LOMA approval within 48 hours of submission and helped a multifamily property in La Porte, TX avoid flood insurance renewal costs. NFE's commitment to exceptional customer service and ability to expedite projects proved to be a success.
