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LAWYERS OF DISTINCTION
Lawyers of Distinction wishes to welcome Spencer Siegel, Esq.
Spencer practices Civil Litigation in Boca Raton, FL
Lawyers Of Distinction
SIEGEL AND SIEGEL, PA
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EFFECTIVE OCTOBER 1,2024:![]()
HB 1049 — Flood Disclosure in the Sale of Real Property![]()
House Bill 1049 aims to require residential property sellers to provide a flood disclosure to a buyer.![]()
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This disclosure would have to be provided by the time the sales contract is executed, and it would need to have the following details:![]()
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The form’s title must be labeled “FLOOD DISCLOSURE.”![]()
A flood insurance policy disclaimer must be provided stating, “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.”![]()
#floridarealestate![]()
The seller must state whether he or she has filed a claim with an insurance provider relating to flood damage on the property.![]()
The seller must state whether he or she has received federal assistance for flood damage to the property.![]()
This disclosure would have to be provided by the time the sales contract is executed, and it would need to have the following details:![]()
![]()
The form’s title must be labeled “FLOOD DISCLOSURE.”![]()
A flood insurance policy disclaimer must be provided stating, “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.”![]()
The seller must state whether he or she has filed a claim with an insurance provider relating to flood damage on the property.![]()
The seller must state whether he or she has received federal assistance for flood damage to the property.
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Lawyers of Distinction
President's Circle The Fund
Lawyers of Distinction wishes to welcome Spencer Siegel, Esq.
Spencer practices Civil Litigation in Boca Raton, FL
Lawyers Of Distinction