Florida Needs To Mandate Flood Risk Disclosure

While climate change may seem like a political issue to some, it’s a very real threat to Florida residents. Experts agree that Florida is only going to experience increasingly frequent and severe weather events in the future. Given Florida’s geographical location, that means more flooding. A lot more flooding. The problem is many residents don’t know whether there property is at risk of flooding or not. That’s why it’s essential that Florida passes legislation mandating flood risk disclosure.

Currently, landlords and sellers have no statutory obligation to inform potential residents about a homes flood history or flood risk. That lack of information can be a rude awakening for a new tenant who did not know they needed a flood insurance policy an then wakes up to find their home flooded.

It does not seem unreasonable to ensure that customers know what they are getting into before they rent or purchase a property. This is a problem with an easy solution: the Florida Legislature needs to pass a new law in their upcoming 2020 session.

This is not a problem unique to Florida, though Florida does seem to be behind in implementing a solution. Texas is a great example of a state that had a similar issue, but passed legislation in 2018 that enacted disclosure requirements for flooding. As the Insurance Journal points out, “….although Florida has more than 1.3 million residents living in flood-risk areas and more than 14,000 repeat loss properties, [the] state has not done the same.”

Florida is at the front of the line when it comes to flood risk, it only makes sense that they take the time to make sure that they are on the forefront of flood protection as well. For now, if you are looking to purchase or rent property in Florida it’s imperative to do your own research before signing anything.

To learn more about your current flood insurance policy, or to inquire about a new one, we encourage you to reach out to the TGS Insurance staff at www.tgsinsurance.com.


About Katie Rosario

Katie has been in the marketing industry for over 10 years and has a strong passion for writing great content. She has been writing for TGS Insurance for three years and strives to make every piece of content she works on informative and easy to read. In her spare time, she enjoys baking and spending time with her family.

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