Environmental
A Connecticut property is in a FEMA Special Flood Hazard Area (SFHA). The owner with a federally backed mortgage:
ADoes not need flood insurance
BIs required to purchase flood insurance through the National Flood Insurance Program (NFIP)✓ Correct
CMust relocate the structure
DCan opt out of flood insurance with lender approval
Explanation
Properties in FEMA-designated Special Flood Hazard Areas with federally backed mortgages are required to purchase flood insurance through NFIP. Flood insurance is not included in standard homeowners policies.
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