Flood Insurance Florida Keys Market Update 305-395-0814

Justin at The Flood Insurance Agency, 1-877-356-6348, privatemarketflood.com said Lloyd’s is licensed to write the policies in Florida and many lenders accept the policy including Sun Trust and Wells Fargo. Lloyd’s does not require an elevation certificate as they look at the loss history for the property.  If the property meets today's building standards, the rates are the same as FEMA.  Lloyd’s big advantage is primarily for older homes pre-1975, not to today’s standards, no elevation certificate dnd lost the grandfathered status with the FEMA policy.  Also noted that many real estate agents print the rate sheet from the web site and give it to the buyers and say there are choices for flood insurance.

  “A Lender in Florida Keys, says they accept flood insurance from Lloyd’s of London for portfolio loans, they haven’t heard from the secondary lenders, though he believes they will accept flood insurance from Lloyd’s of London.”