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New York’s flood risk has been heightened due to climate change. The governor recently signed a bill obligating sellers to disclose if a property lies in a flood zone or has a history of flooding. How does this changing climate impact potential homeowners? What should you consider if the property you’re eyeing faces flood risks? These are the questions we’ll explore in this blog and video above. I’m Maureen Fitzpatrick, a title professional at Federal Standard Abstract. Let’s dive in!


Firstly, it’s crucial to understand the risk associated with the property. The Federal Emergency Management Agency (FEMA) maintains flood maps indicating flood likelihood in specific areas. Checking these maps can help gauge the property’s flood zone classification and the linked risks.

Next, ensure you have a flood insurance that’s right for you. Many lenders mandate flood insurance for homes in high-risk zones. Remember, standard homeowners’ insurance typically excludes flood damage. When purchasing flood insurance, confirm coverage for the home’s structure, personal belongings, and additional living expenses post-flooding.

If the property has a history of flooding, collaborate with a certified home inspector to assess structural, foundational, and water damage issues. Consulting mold professionals to identify and address potential mold problems might also be necessary.

After addressing these concerns, be aware that homes in flood zones often require more frequent maintenance due to water and salt damage, especially those near coastlines. Consider potential modifications like elevating the home or retrofitting designs.

Moreover, properties in flood-prone areas could be challenging to resell. By thoroughly considering these factors and taking necessary precautions, you can live in your property with confidence.

Last but not least, don’t forget to reach out to Federal Standard Abstract for homeowner insurance. For further inquiries on this topic, feel free to contact us as well. We look forward to hearing from you!