Monday, September 30, 2013

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FLOOD INSURANCE DISCLOSURE

 Effective October 1, 2013, changes to federal law may drastically increase flood insurance premiums in Southwest Florida. NABOR’s Legal Resources Committee prepared a Flood Insurance Disclosure that should be given to and signed and dated by Buyers of residential property prior to execution of a Sales Contract.

 CLICK HERE FOR THE FLOOD INSURANCE DISCLOSURE

 More information is available at the following websites:

 www.floodsmart.gov

 www.fema.gov/national-flood-insurance-program

 www.fema.gov/floodplain-management/flood-insurance-rate-map-firm

 www.fema.gov/national-flood-insurance-program/flood-insurance-reform-act-2012

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