ElectromotoricElectromotive force (EMF), if generated, whenever the magnetic flux changes in time. In other words, it is proportional to its derivative viz. $$\mathscr E= -\frac{\mathrm d\Phi_\textrm{total}}{\mathrm dt}$$ where $\Phi_\textrm{total}= \textrm{total magnetic flux}= \Phi_\textrm{external} + \mathrm Li\;.$
So, it can be generated also in the moment when the flux goes through zero; and moreover, in an ordinary transformer fed by a sine wave AC current, the EMF reaches its maximum at this very moment.