A retail agent had an insured with a portfolio of multifamily properties. The insured was maintaining NFIP flood insurance policies on 42 buildings at 4 locations. The lender’s flood zone determinations showed that the buildings were in Special Flood Hazard […]
Portfolio Review Helps Prevent $500K Uninsured Flood Loss
Our client, one of the nation’s leading multifamily companies, has utilized our flood zone correction service for many years to correct inaccurate high-risk flood zone determinations. After experiencing that more than 50{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} of their high-risk flood zone determinations were wrong, they […]
Flood Zone Correction Increases Commercial Multifamily Property Value by $1.5M
A large real estate asset management and advisory company with 16 multifamily properties in its portfolio that standard flood zone determinations indicated to be within FEMA-designated Special Flood Hazard Areas (SFHA), which include flood zones beginning with letters A or […]
Premium Reduction Increases Multifamily Property Value By $2.4M
A large multifamily real estate company owned a large apartment complex with 29 buildings, where the NFIP flood insurance premiums were $222,434 for 29 flood insurance policies. The high cost of flood insurance resulted in the property operating with a […]