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
$108,000 in Added Property Value
Reducing Insurance Costs and Boosting Property Value in a High-Risk Flood Zone - Albuquerque, NM
Explore how a multifamily property in Albuquerque, NM, eliminated its annual flood insurance costs and how NFE’s Flood Expert Survey helped remove the property from the SFHA, raising the overall property value by over $108,000.
$175K in Added Property Value
Wisconsin Multifamily Property Successfully Removed from SFHA - Fond du Lac, WI
NFE successfully reclassified an entire Multifamily property in Fond du Lac, WI out of the high-hazard flood zone. Resulting in $11K year-over-year flood insurance savings and improving the property value by $175K!
NOI Boost on Day 1 of Ownership
Property Reclassified to X-Zone Prior to Acquisition - Canton, MI
A 36-building mulitfamily property experienced a significant boost to NOI on Day 1 of ownership due to a rush review and LOMA success by the National Flood Experts team. Thanks to the LOMA, the new owners were not required to place lender-mandated flood insurance and excess flood insurance on the property - talk about major savings and red tape avoided!
