Private Flood Insurance - SINCE WHEN?

[HCCIA]

They are generally 15-25% less! Less commission too! I've place several policies with them! No issues so far.

 

[insurance1822]

Who's "private market flood?"

A wholesaler to get access to Lloyds private flood?

 

[agentinsouth]

Who's "private market flood?" A wholesaler to get access to Lloyds private flood?

........Yep......

 

[HCCIA]

Another market is newenglandflood.com

They use both Lloyds and Lexington.

 

[agentinsouth]

Another market is newenglandflood.com They use both Lloyds and Lexington.

What do they pay?

 

[HCCIA]

What do they pay?

15% new and renewal.

 

[agentinsouth]

15% new and renewal.

Well that got my attention! I wonder if I can my other private Flood book over to them!

 

[HCCIA]

Well that got my attention! I wonder if I can my other private Flood book over to them!

I've found private market does better on A zones and New England does better on V zones. I use them both.

 

[agentinsouth]

I've found private market does better on A zones and New England does better on V zones. I use them both.

Ok - all mine are A, however, I am still going to call them.

 

[BigSteve]

Nope.... Required by federal law that they take any am best "a" carrier for flood, easy.

Check with your underwriter. I have this issue all the time, as their seems to be no education on this for the mortgage industry. Your underwriter should be able to tell you exactly where, in both the flood manual, and regulations, this rule is.