Flood Zone: Should You Buy?

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I'm translating this as it's highly unlikely in the next 27years I MIGHT own this property it could flood. Or there's a 0.27 chance per year this house will flood.

"Moderate to Low Risk Areas: Zones B, C, and X -- Lower-cost flood insurance available to all property owners and

renters. Areas located outside the 1% annual chance floodplain (100-year floodplain). Includes areas protected from flood

by certified 100-year levees. Lenders do not require flood insurance purchase.

Area is higher than base flood elevation."