Talk of The Villages Florida - View Single Post - FLOOD Insurance
Thread: FLOOD Insurance
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Old 03-07-2014, 12:39 PM
bbatts bbatts is offline
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Default Flood zone - non-disclosure by Agent.

I see that you subscribe to the idea of revealing only minimal information to your perspective buyer. This is a shameful way to deal with people and prospective clients paying you a commission for your assistance and trust. BB
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Quote:
Originally Posted by Bonanza View Post
I have been a real estate agent for over 30 years and have NEVER given flood zone information to anyone.
One house could be in a flood zone and the house next to it might not be.
Real estate agents do not have the knowledge or background
to give out that kind of information and could be held libel for doing so.
In addition, if a person has access to the flood maps, the average homeowner would probably not fully understand them.

The factors you mention are well taken but will never serve as a way to determine
if a property has the potential for what flood insurance covers.
No one really ever knows.
Just as a sidebar, I find that many of the properties here,
although you see a noticeable swail between houses,
the ground the house sits on is so flat that the lots do not drain well.

In my adult life I have never lived anywhere without flood insurance.
Even having lived in Las Vegas which you think of as very little rain and dry, we had it.
Flash flooding can come almost out of nowhere and a homeowner's policy doesn't cover you.

Personally, I think it's very foolish not to have flood insurance,
particularly in Florida with all the rain.
In addition, in this area, I also think sinkhole insurance is a good idea.
There is no way to guess if you will ever need flood or sinkhole
protection, but you will never be sorry for having both of them.