Environmental (alternative)
A Maryland property located in a FEMA Special Flood Hazard Area (SFHA) with a federally-backed mortgage requires:
ANo special insurance
BMandatory flood insurance through the National Flood Insurance Program (NFIP)✓ Correct
COnly standard homeowner's insurance
DA FEMA waiver before purchase
Explanation
Properties in FEMA-designated Special Flood Hazard Areas (Zone A or V) with federally-backed mortgages must purchase flood insurance through the National Flood Insurance Program.
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