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 […]
Premium Reduction Service Reduces NFIP Flood Insurance Premiums by $55K
Our client, a large condominium association, was looking for ways to reduce their insurance premiums. The NFIP flood insurance premium on the 48 buildings was approximately $160,000. This was 45{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} of the condominium association’s total insurance budget of $350,000. That […]
Premium Reduction Service Reduces Annual Flood Insurance Premiums by 75{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} for a Large Shopping Mall
A large commercial real estate company owned a retail plaza with one large building that consists of several units occupied by different stores. The building was insured with six different NFIP flood policies representing total premiums of $24,648 for this […]
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 […]