Many areas in Miami are in flood zones and, if you are purchasing a property with a mortgage, you will be required to carry flood insurance. However, there are many areas in Miami that are not considered flood zones. I received a little flyer from FEMA letting me know that although I am not in a flood zone, I am less than a mile away from a high-risk flood area. According to FEMA, this means that I have at least a 1-in4 chance of flooding during my 30-year mortgage.
Considering how cheap flood insurance is, as low as $129 per year if you are not in a flood zone, I think it is worth getting. Especially in storm-prone South Florida.