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My house is located in flood insurance zone X (outside of the 100-year floodplain), do I have to buy flood insurance?

April 26, 2017buy flood floodplain House Insurance located outside zone

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My house is located in flood insurance zone X (outside of the 100-year floodplain), do I have to buy flood insurance?

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Federal mandatory flood insurance purchase requirements only apply to houses located within the 100-year floodplain. Zone X (or on some of the older flood insurance rate maps zones B and C) is outside of the 100-year floodplain. Flood insurance is available in zone X at a lower rate, but there are no federal requirements for the purchase of flood insurance as a condition of a loan. If the flood insurance is being required on a house in zone X as a condition of a loan, it is at the individual lender’s discretion, another lender may not require flood insurance.