Hello, we have a loan we are doing on vacant land that has a storage tank, well house and small barn. Does flood apply if either of these fall in a flood zone?

Building.
â—¦A structure with two or more outside rigid walls and a fully secured roof, that is affixed to a permanent site; or
â—¦A manufactured home (a "manufactured home," also known as a mobile home, is a structure built on a permanent chassis, transported to its site in one or more sections, and affixed to a permanent foundation); or
â—¦A travel trailer without wheels, built on a chassis and affixed to a permanent foundation, that is regulated under the community's floodplain management and building ordinances or laws.

"Building" does not mean a gas or liquid storage tank or a recreational vehicle, a park trailer, or other similar vehicle, except as described above.

Assuming the well-house and/or barn meet the criteria as stated by Randy, flood insurance will be required for each "building" with an insurable value that exceeds the minimum deductible.