Looking for an independent insurance broker experienced in private flood policies

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Looking for an independent insurance broker experienced in private flood policies

Carlos Flores
Member since 2024 · 2 posts · 2 votes

Looking for an independent insurance broker experienced in private flood policies for DSCR loans / LLC".

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1mo

    Try Fortress Brokers. 

    I have referred my clients to them and they are always able to find something. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
  • James Driscoll
    Banker · MA · Member since 2026 · 120 posts · 31 votes
    1mo

    Private flood through an independent broker is the right call for DSCR/LLC situations. NFIP policies have a $500K building limit and can't be assigned to an LLC the same way a private carrier can structure coverage, so lenders on investment deals almost always want to see a private policy anyway.

    For finding the right broker, I'd focus on a few things. You want someone who works with multiple admitted and non-admitted carriers (not just one or two), because private flood rates vary wildly by zone, elevation certificate availability, and the carrier's appetite for the property type. Ask specifically whether they've placed private flood on LLC-owned rental properties and whether they understand how lender loss payee language needs to read for DSCR loan packages. Some brokers are fine for homeowners but stumble when the title is in an entity and the lender has specific endorsement requirements.

    BiggerPockets' own vendor directory and local REIA networks are decent starting points. Also worth asking your DSCR lender directly if they have approved carrier relationships or brokers they've worked with before on similar deals. After 31 years in the mortgage business I've found that lenders who do a lot of DSCR volume usually have a short list of insurance contacts who already know how to get the coverage language right the first time, which saves everyone a lot of back-and-forth at closing.

    Jim Driscoll

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  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 122 votes
    1mo
    Quote from @Carlos Flores:

    Looking for an independent insurance broker experienced in private flood policies for DSCR loans / LLC".

    @Carlos Flores
    is this for a DSCR loan you already have in process? Private flood requirements can vary by lender, so it may help to confirm exactly what the lender needs before binding the policy.

    786-656-0387
    DreamPoint Capital
    WebsiteView Page
    0Reply
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