Flood Insurance - Miniter Group
Our mortgage portfolio flood insurance policy is a master policy issued to lenders. Coverage is placed for the loan collateral when a Notice of Insurance (NOI) is issued for the policy. Premium is billed to the lender who directly passes the premium charge to the borrower per their loan agreement.
NFIP flood insurance, force placed flood insurance, lender placed flood insurance, lender flood insurance, credit union flood insurance, bank flood insurance,
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Flood Insurance



  • SFHA Flood Dwelling & Contents Coverage
  • Low cost to lender
  • Requires borrower flood insurance tracking
  • Highly regulated
  • Common name is force-placed flood insurance



Coverage Description


Mortgage Portfolio Flood Insurance is used to transfer flood risk associated with dwellings, other structures and contents that are typically contained in an NFIP Flood Insurance Policy.  Coverage limits can exceed the NFIP limits of $250,000/$500,000 for residential/commercial property.





The Mortgage Portfolio Flood Insurance Policy is a master policy which is issued to the lender.  Coverage is placed for the loan collateral when a Notice of Insurance (NOI) is issued for the policy.  Premium is billed to the lender who directly passes the premium charge to the borrower per their loan agreement.  Additional Coverage above the NFIP limits is available if specified in the policy endorsements.  Once we understand the risk profile of your portfolio, the Miniter underwriting team will work with you to customize coverage for your portfolio.





This policy form uses Notice of Insurance certificates (NOI) so software technology is required to efficiently place, monitor and invoice for these certificates.  In addition, NFIP regulatory requirement require lenders to follow strict notification and billing procedures.  Miniter’s offers three different delivery systems technology listed below along with our claims processing system that will be used to report a loss.



How Does Working With Us… Work?


The four items below provide you with a glimpse into the different ways you can choose to insure your loan portfolio against risk.

Outsourcing Your Tracking to Miniter (OST)

When you choose Miniter as your lender-placed insurance tracking partner, we ensure compliance by following carefully designed and vetted processes, and employ a Borrower-CentricSM approach.  This means we treat your borrowers (or, your members, in the case of credit unions) like you treat them.

Learn More About OST Through Miniter
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Write Your Own (WYO)

Our WYO solution is a web-based insurance placement system that is designed to integrate into a lender’s existing insurance tracking system workflow. WYO is an easy-to-use system that automates the placement, cancellation, billing, and compliance notifications associated with force-placing insurance.

Learn More About Our WYO Service
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Track Your Own (TYO)

If you prefer to track insurance in-house, but your information systems are not optimized for it, Miniter’s Track Your Own force-placed insurance tracking solution may be the right fit. This system provides the full functionality of our outsource insurance tracking technology in your loan servicing department.

Learn More About Our TYO Service
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Claims & Lien Holder Services

Claims service is critical to the operational efficiency of transferring collateral risk. Miniter Group has invested in state-of-the-art claims processing for force-placed hazard and flood insurance, as well as blanket VSI. In addition, we offer debt cancellation claims processing services to increase your per-claim recovery and reduce your net charge-offs.

Learn More About Our Claims & Lien Holder Services
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