Why do I need a Flood Disclosure when representing the buyer if the purchased property is not in a flood zone?

A Flood Disclosure is required for all buyer side residential deals, regardless of current flood zoning. The zoning is subject to change after purchase and the disclosure acknowledges that if the property ever were to fall into a flood zone, the proper insurance coverage should be purchased. It also discusses the National Flood Insurance Program (NFIP) and its rate changes and requirements.