Flood Insurance on 4plex - Lloyds of London ? Elevation Cert

[Conor Meehan]

Is it true that Lloyd's of London won't do flood insurance for buildings with more than 2 units?   I'm looking at a 4plex and my insurance broker said it was not doable and a regular policy would be $2700/ year which is a deal breaker.  The listing agent said the seller has a policy w/ LofL for $699/ year.  Does anyone have experience with this?  

Also, I'm considering looking into an elevation certificate to remove the property from the flood zone.  The building is right next to a river, but sits well above the water.  Does anyone have experience with this process?  

Thanks for any advice!