From NAR
NAR’s Consumer Guide to Flood Insurance is a helpful resource for buyers and homeowners who may be unsure about coverage requirements and risks.
The guide explains when flood insurance is required, especially for properties located in designated flood zones, and outlines how coverage works through the National Flood Insurance Program and private insurers. It also clarifies what standard homeowners insurance does and does not cover when it comes to flooding.
For REALTORS®, this guide is a valuable tool for setting expectations early in the transaction. Sharing clear information about flood zones, insurance costs, and coverage options can help clients make informed decisions and avoid surprises before closing.
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