My mortgage company recently sent a letter stating that we need to provide proof of flood insurance. Fema has now declared my address is in a flood plain. Wouldn’t the building need to be insured not just my individual unit. The management company for my condo is saying it would be better to get individual insurance. I don’t think so! I live on the second floor. I’m not going to flood. And my own personal flood insurance is not going to cover the basement or the lobby area. So what happens then? Can I sue the management company if we flood and there’s damage to the basement, since they were hell bent on us getting individual insurance?