What does Zoning X mean? Is it safe to build a home in the lot marked zone x? Should the buyer purchase flood insurance for this propertry?
Thanks for your time
by 
Anonymous
ANSWERS: 2
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Flood Zone X is a low/moderate flood risk area. Here's how FEMA describes zones B, C and X: "Areas outside the 1-percent annual chance floodplain, areas of 1% annual chance sheet flow flooding where average depths are less than 1 foot, areas of 1% annual chance stream flooding where the contributing drainage area is less than 1 square mile, or areas protected from the 1% annual chance flood by levees. No Base Flood Elevations or depths are shown within this zone. Insurance purchase is not required in these zones." It's zones A and V you have to worry about. (high risk) Zone D means undetermined. See http://tinyurl.com/2ehjfg for information (FEMA site)
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This is actual great. It makes you eligible for a Preferred risk policy(PRP). This is a policy that offers fixed combinations of building/contents coverage or contents-only coverage at modest, fixed premiums. The PRP is available for property located in B, C, and X Zones in Regular Program communities that meets eligibility requirements based on the property’s flood loss history. The going price right now is $250k building coverage and $100k contents coverage with a $500 deductible for about $357
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