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Flood zone X, also known as flood zone X500, is arguably the safest flood zone designation, as it's considered to be outside the 500-year floodplain and is also protected by a flood control system, such as a levee or dam, from the 100-year floodplain.
The base floodplain where base flood elevations are provided.
Homes in high-risk flood areas with mortgages from federally regulated or insured lenders are required to have flood insurance.
Zone A: Areas subject to inundation by the one percent annual chance flood event. Because detailed hydraulic analyses have not been performed, no base flood elevation or depths are shown. Mandatory flood insurance purchase requirements apply.
Indiana Flood Control Act (IC 14-28-1) The Act provides that it is illegal to construct a permanent abode or place of residence in a floodway. Any other structure, obstruction, deposit, or excavation in the floodway of any stream in the state must first be approved by the Commission.
Though flood insurance is not legally required in Indiana, if your house is located in a FEMA-designated special flood hazard risk area, which is any area labeled A or V on FEMA's flood maps, your mortgage lender may require you to purchase flood insurance.
Flood insurance in New Jersey's SFHAs AE flood zones or any zone appointed with the letters A or V have a 1% chance of flooding annually. If you live in one of these zones and have a federally backed mortgage, you are required to purchase flood insurance.