These are high-risk zones, often referred to as "100-year floodplains," labeled as Zone A or Zone V on FEMA flood maps.

If you live in a moderate-to-low risk area, you may qualify for a Preferred Risk Policy , which offers significant coverage at a much lower annual premium than high-risk zones. 5. How to Check Your Requirement

To determine if you are officially in a high-risk zone, you can visit the online and enter your address. If the map shows your property in a zone starting with "A" or "V," prepare for a requirement from your lender.

Approximately 25% of all flood insurance claims come from properties outside of high-risk flood zones.