Maintaining Flood InsuranceAs a result of flooding events over the past several years, many families and communities are all too familiar with the concept of flooding in Louisiana and homeowners insurance.One important element that we would like to cover in this article is the "obtain and maintain" insurance requirements for property owners that receive federal financial disaster assistance. The included information here benefits all interested parties, including real estate professionals and consumers.If you or someone you know has ever received federal disaster assistance as a result of a flooding event, then the information included here is important to pass along. As a real estate professional, we have included a sample PDF disclosure at the end of this article which may be considered for inclusion in listing packets and other related brokerage documents. The Importance of Flood InsuranceFloods are the nation’s most common and costly natural disaster and cause millions of dollars in damage every year. As many Americans have discovered in recent years, homeowners or renters insurance will not typically cover flood damage. Flood insurance can be overlooked if not [...]