689.302 Disclosure of flood risks to prospective purchaser.
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/fl/title-xl/chapter-689/689-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A seller must complete and provide a flood disclosure to a purchaser of residential real property at or before the time the sales contract is executed. The flood disclosure must be made in the following form:
FLOOD DISCLOSURE
Flood Insurance: Homeowners’ insurance policies do not include coverage for damage resulting from floods. Buyer is encouraged to discuss the need to purchase separate flood insurance coverage with Buyer’s insurance agent.
(1)Seller has ☐ has no ☐ knowledge of any flooding that has damaged the property during Seller’s ownership of the property.
(2)Seller has ☐ has not ☐ filed a claim with an insurance provider relating to flood damage on the property, including, but not limited to, a claim with the National Flood Insurance Program.
(3)Seller has ☐ has not ☐ received assistance for flood damage to the property, including, but not limited to, assistance from the Federal Emergency Management Agency.
(4)For the purposes of this disclosure, the term “flooding” means a general or temporary condition of partial or complete inundation of the property caused by any of the following:
(a)The overflow of inland or tidal waters.
(b)The unusual and rapid accumulation of runoff or surface waters from any established water source, such as a river, stream, or drainage ditch.
(c)Sustained periods of standing water resulting from rainfall.