Flood Zones: Are Preferred Flood Zones Gone?

Being in a low-risk flood zone like Flood Zone X was historically very beneficial for flood insurance policyholders. This is generally due to certain things like getting preferred flood insurance rates however flood zones are no longer a basis for flood premiums with the National Flood Insurance Program (NFIP) with the new Risk Rating 2.0.

Are preferred flood zones gone? Let's find that out in this video.