FOR IMMEDIATE RELEASE
May 30, 2024
CONTACT
William Giliberti
Office of Representative Christine Hunschofsky
(954) 956-5600
Representative Hunschofsky’s Flood Disclosure Bill is Signed into Law
PARKLAND, Fla. – This week, House Bill 1049 – Flood Disclosure in the Sale of Real Property by Representative Christine Hunschofsky (D-Parkland) was signed into law by the Governor. The Senate companion bill was sponsored by Senator Jennifer Bradley (R-Fleming Island).
This new law requires sellers to provide the purchaser of residential real estate with a flood disclosure. This disclosure includes a notice that homeowner’s insurance policies do not include flood insurance, encouraging buyers to purchase flood insurance to mitigate risks. The disclosure also includes whether the seller has filed a claim with an insurance provider and if they previously received federal assistance relating to flood damage on the property.
“This law is about more than just property – it’s about people,” said Representative Hunschofsky. “Transparency is pivotal to informed decision making, especially when it comes to purchasing a home. This disclosure requirement empowers people to make informed choices, safeguarding their families and investments.”
“This legislation ensures that home buyers have relevant, material information prior to the purchase of what is likely their largest individual asset. Flood history previously was not readily available to a buyer,” added Senator Bradley. “Floridians deserve transparency so they can make better risk-informed decisions for their families.”
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