Definition
This is the probability that a property will experience flooding from heavy rain, streams, or storm surge. Flood risk assessment should inform purchase decisions.
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Flood risk is determined by multiple factors including elevation, topography, proximity to water, and climate. Flood insurance is required for properties in designated high-risk areas. Flood risk assessment should inform purchases. Flood risk increases with climate change.
Pro Tip
Calculate true flood risk including historical events and climate projections.
Example
A property with elevated flood risk requiring mandatory flood insurance and flood mitigation measures.