If your home is in a special flood hazard area flood insurance is required as a condition of granting a mortgage loan. (mortgage-x.com)
It found that 56 percent of owners living in a special flood hazard area don't take steps — besides purchasing basic flood insurance — to protect their property. (themortgagereports.com)
Most lenders will not lend you money to buy a home in a flood hazard area unless you pay for flood insurance. (homeproinspectionsllc.com)