A flood zone refers to a specific area that is possibly at risk for flooding. These areas, determined by FEMA, evaluate an area’s risk ranging from low to high. Homeowners in low to moderate risk flood zones may opt to not purchase additional flood insurance coverage due to the lower chance of significant flooding and resulting property damage. On the other hand, homeowners with houses located in high-risk flood zones should consider purchasing additional flood insurance and may even be required to do so. You may want to consider purchasing flood coverage even if you are in a lower-risk zone, as floods can occur anywhere at any time.