New Hampshire adopts flood risk disclosure law

New Hampshire Gov. Chris Sununu signed legislation requiring that prior to the execution of a purchase and sale agreement for real property, flood risks be disclosed to the buyer.

The bill, HB 1320, requires a notification that states, “Flood: Properties in costal areas and along waterways may be subject to increased risk of flooding over time. A standard homeowners insurance policy typically does not cover flood damage. The buyer is encouraged to determine whether separate flood insurance is required and consult the Federal Emergency Management Agency’s flood maps (FEMA.gov) in order to determine if the property is in a designated flood zone.”