Cotton v. Certain Underwriters at Lloyd's of London

GREGG COSTA, Circuit Judge:'

Alfred and Rubbie Cotton were among the thousands of Louisianans whose properties were either damaged or destroyed when Hurricane Isaac made landfall. in August 2012. The Cottons owned seven rental properties in LaPlace, Louisiana; each was damaged during the storm.

The Cottons’ properties were covered by both wind and flood insurance. They had purchased a windstorm policy from Scottsdale Insurance Company. They had failed to purchase a flood policy, but their mortgage lender, First American Bank and Trust, wanted to protect its collateral. So First American…