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 one structure. The client asked us to determine if all six policies were necessary and to try to identify a solution to reduce the premiums.
We used our unique, research-driven underwriting process to procure documentation that identified that there were two rating errors in this situation. As a result, CRIO delivered substantial future savings, captured a large insurance refund, and increased property values.
We’re here to help!
Contact us today to learn how our Premium Reduction Service can help you reduce your flood insurance premiums and increase your retail property value.
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