How do I get a preferred risk premium on flood insurance?

I live in a low risk (Zone X, not within a 500-year floodplain) condo.
I log on to floodsmart.gov, and there are two schedules for Zone X:
- “Preferred” risk
- “Moderate to Low” risk
Preferred risk premiums are about 1/3 the price of moderate to low risk premiums. According to the website, most people in moderate to [...]

Do I need to buy Title Insurance for my condo? What is the risk?

I am buying a condo in a new development and paying cash for it. I understand that mortgage lenders require title insurance, but that isn’t an issue here. I understand that the insurance is there for peace of mind to protect the large investment, but I don’t understand what the risk is, especially [...]