Every property is in a flood zone and any property can flood. Even if your home is in a low- or moderate-risk area for flooding, FEMA says it's five times more likely to flood than to experience a fire in a 30-year period. In fact, about 25 percent of flood insurance claims are from properties that are not in high-risk flood zones, according to FEMA.

If you live in a community that participates in the National Flood Insurance Program (NFIP), you may want to consider buying flood insurance – even if you're not in a high-risk flood zone. If your community doesn't participate in the NFIP, you may be able to purchase a flood policy from a private insurer.