Flood Insurance Waiver
If your client chooses to forgo flood insurance, be sure to have them sign a waiver or declination.
If your company doesn’t have its own waiver form, you can use a waiver like this ACORD Flood Insurance Notice/Rejection form.
Having the client sign the waiver does two things:
-
It proves that you offered flood insurance and removes your liability should their property flood in the future, and
- Signing a legal document rejecting the flood insurance offer can make your client pause and reevaluate their decision to decline