Final answer:
Special flood hazard areas include Zones A and V, as identified by FEMA, and these areas are at risk of flooding and are subject to specific insurance requirements.
Step-by-step explanation:
Special flood hazard areas, as identified by the Federal Emergency Management Agency (FEMA), include zones that are prone to flooding and are required to carry flood insurance if the property is mortgaged by a federally regulated lender. FEMA delineates these areas on Flood Insurance Rate Maps (FIRMs), and the correct answer to which zones are designated as special flood hazard areas is c. Zones A and V. Zone A is used for areas that will be inundated by a 100-year flood, which is a flood having a 1-percent chance of being equaled or exceeded in any given year. Zone V is used for coastal areas that have additional hazards due to storm-induced velocity wave action.