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 […]
CRIO Helps Offices Property Company to Find a Custom Private Market Flood Insurance Solution
Our client, a leading commercial real estate company, has a large portfolio of office properties. The company was maintaining NFIP flood insurance policies on 21 buildings at 17 locations, because the buildings were located in a Special Flood Hazard Area […]
Flood Zone Correction Saves Outlet Mall $50K on Annual NFIP Premiums
Our client is a real estate development company that holds a portfolio of internationally-recognized residential and commercial properties in the United States and Canada. Last year, our client built an outlet mall with 23 buildings. Prior to beginning construction, the […]
Premium Reduction Service Increases Self-Storage Property Value
One of the nation’s leading self-storage companies owned a property in Texas with 8 buildings, where the NFIP flood insurance premiums were $52,014 for the 8 NFIP policies. The client desperately sought a solution that would decrease its flood insurance […]
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 […]
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 Map Revision Service Reduces Annual Flood Insurance Premiums by 97.5{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} – Coastal Condominiums, Florida
Our client, a 48-unit condominium association with four luxury condominium buildings located on the beach in Saint Lucie County, Florida, asked us for help determining the true flood risk for their condominium buildings in an attempt to reduce their flood […]
Flood Zone Correction Adds $2.5 Million to the Value of 2 Regional Shopping Malls
Our client, a publicly traded REIT, had two large Southeastern US shopping malls 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 […]
Flood Map Revision Service Reduces Annual Flood Insurance Premiums by 96{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} – Coastal Condominiums, Alabama
Our team has completed a flood map revision project for a 143-unit condominium association with one luxury high-rise condominium building located on the beach in Baldwin County, Alabama, with a replacement cost in excess of $41 million. According to FEMA’s […]
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 […]