*Loan,banking and credit>>>flood insurance

Do i need flood insurance, my subdivision is not in flood zone,however there constant construction going now?

Usually flood insurance is not available to those outside of the floodplain. I am not sure what you are getting at with the constant construction, but if for some reason that construction is significant enough to place you in the flood plain, you will likely become eligible when the FIRM maps are officially updated. As someone else said flood insurance is very costly - in some cases 4-10 times as much as your home owner's policy. If you are really that worried about it, I would open a CD and put 8x your annual homeowners insurance in it. If you have a flood event, you will have a stash, and if you retire to the Rockies way above the flood plain without ever tapping your self-made "insurance", you will have some scratch to live on. In general though, I would skip it in your instance.

Contact your insurer and see if it's even available. If you aren't in a flood zone, you may not even be able to buy it.

And it's really expensive, at least for those people in flood zones. Far higher than a normal fire/hazard policy. I suppose because those homes in a flood plain are simply more likely to have a claim than any random house would have a fire.
10 years in mortgage banking
would be a good idea if u live anywhere near river or large lake.......or dam........area.........good luck
you can get flood insurance if you are not in a flood zone. in fact it is very inexpensive if you are not in a flood zone. i carry a flood policy that runs me about $200 per year for $50,000 contents (i rent). i am NOT in a flood zone. i think its smart, because most actual flood losses occur to people who are NOT in flood zones. remember, your home policy does not cover ANY TYPE of flood damage! This can be a result of standing water from rain storms! call an independent agent, they can give you a quote! good for you for thinking ahead and being smart enough to find out!
i am an agent