"An official with the Federal Emergency Management Agency signaled support for policies backed by climate advocates that would require a property's flood risk to be disclosed before it's sold.
FEMA's flood insurance advocate said in a new report that "frustrated property owners" have complained that they didn't know their homes were flood-prone — and didn't buy flood insurance — because no one told them about the risk during the purchase.
Owners understood the risk only when their homes were flooded — and they had to pay for the uninsured damage themselves.
Disclosure laws that require prospective buyers to be told about a property's flood risk or flood history "may reduce some of this frustration," Flood Insurance Advocate David Stearrett said in his 2019 annual report, released last week."
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