Rental Home in flood zone

I have a rental home in the flood zone. The flood insurance costs nearly $2000 a year because heavy flood this year.

If I don't buy the flood insurance, can I still rent it out? If any damages caused by flood to the tenants, what kind of liability I have? Can I get away by the lease agreement?

Thanks for your help

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• the first question is do you have a mortgage on this or not.. -jy101- ♂ (225 bytes) () 08/17/2010 postreply 07:05:21

• thanks,I don't have mortgage. I can bear myown loss for flood, b -安得广厦几十间- ♀ (216 bytes) () 08/17/2010 postreply 07:32:16

• where is your house? -bluevale- ♀ (35 bytes) () 08/17/2010 postreply 08:28:15

• I think it is up to the town zoning board to decide ... -Conehead- ♂ (0 bytes) () 08/17/2010 postreply 08:36:22

• FEMA has official flood zone map. -安得广厦几十间- ♀ (251 bytes) () 08/17/2010 postreply 08:54:14