One of my rental properties suffered water damage and I'm wondering if I should file an insurance claim or just eat it...?

Then again... the water & gas are shared utilities...Anyways, we reached out to planning and zoning and got the following response:... 5 units would not be approved at this location under current zoning and neither would apartments.

The things that are really concerning for me would be missing hot water heaters, broken pipes, roofs at the end of their life span, etc.

Is the property in city water or will it need a well?

Water bills for 2019 2020 ytd. 

That also goes along with the saying that, "a boat is a hole in the water that you pour money into."

Thanks Hey Mike, So first let's hit the obvious that asking this, here, is the definition of "chumming the water" lol.

Unlike many other things that cause insurance premiums to rise (like a pool) being in a flood zone does not typically increase your rent unless the home is directly next to a desirable water feature like the ocean. 

Today to develop these are the concerns: is there water available; is the plan similar/compatible with neighbors; parking; traffic; time frame; cost....  

He says, I have damaged it because of water.