Form 2210 underpayment penalty wavier due to disaster area?

If you have an underpayment penalty and reside in a federally declared disaster area, the IRS will determine this and apply the waiver.  You should not fill out form 2210.  Instead, you will send your return in and let the IRS make the calculations. You can pay the amount assuming the penalty will be waived, especially if you have documentation that you were affected by the disaster.  The instructions clearly state that if it was due to a disaster the underpayment will be waived.  So, to answer your question, it is a good chance it would be waived. 

"Federally declared disaster. Certain estimated tax payment deadlines for taxpayers who reside or have a business in a federally declared disaster area are postponed for a period during and after the disaster. During the processing of your tax return, the IRS automatically identifies taxpayers located in a covered disaster area (by county or parish) and applies the appropriate penalty relief. Don't file Form 2210 if your underpayment was due to a federally declared disaster. If you still owe a penalty after the automatic waiver is applied, the IRS will send you a bill"  Form 2210 Instructions