Virginia Repetitive Risk Loss Structure Disclosure Form

The Virginia Repetitive Risk Loss Structure Disclosure Form can be found here:

• https://www.dpor.virginia.gov/sites/default/files/Consumer/Title%2055.1%20REB_REPETITIVE%20Risk%20Loss%20DISCLOSURE%2001-01-2022.pdf 

Simple explanation (NOTE: This is not legal advice. Consult an attorney if you have questions):

The Code of Virginia (§ 55.1-708.2) requires the owner of residential real property who has actual knowledge that the dwelling unit is a repetitive risk loss structure to disclose such fact to the purchaser. 

For purposes of this disclosure, “repetitive risk loss” means that two or more claims of more than $1,000 were paid by the National Flood Insurance Program within any rolling 10-year period, since 1978. 

Return to Virginia Real Estate Disclosure Requirements